The new report, ‘Motors Market in India’, states that expansion in the Indian power sector will drive the demand for motors in the Indian market. Motors are a part of the transmission and distribution equipment industry. The Indian motor industry is characterized by the presence of a diverse product range and is a highly fragmented market.
Key hubs
for the production of motors are concentrated in selected regions of the
country. Domestic demand for motors also varies across the regions.
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Export –
Import of motors in terms of volume and value varies across the different motor
segments. Some specific segments of motors are witnessing a decline in import
dependence while some are primarily imported intensive.
The
development of the motors market is supported by a rise in Infrastructure
investments in India. The industrial sector growth sector is also expected to
stimulate the demand for motors. Developments in the power sector will enhance
the requirement of motors. Growth in consumer durables will also aid the
sustainable development of the Indian motor industry. Increase in usage of
pumps in the agricultural sector will drive the demand for motors in the
market. Robust automotive sector in India will fuel the demand for motors in
the domestic market. The healthy economic outlook of the Indian economy will
support the development of the domestic motors market.
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However,
the industry has also some pain points. A volatile raw material price deters
the development of the market. Lack of capacity utilization presents a
significant hindrance to the growth of the industry. Price sensitive consumer
base adversely affects market growth.
Motors'
industry in India is witnessing a surge in demand for energy efficient motors.
Provision of adequate customer services has emerged as the key focus area for
the players operating in the market.
The Indian
motor industry is a robust market at present and has strong growth potential in
the future years.
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Table of Content
Macro
Economic Indicators
Introduction
Market Overview
Motors Demand Scenario
Motors Manufacturing Hub
Supply Chain Analysis
Export – Import
Drivers & Challenges
Government Initiatives & Regulations
Trends
Competitive Landscape
Strategic Recommendations
Appendix
Introduction
Market Overview
Motors Demand Scenario
Motors Manufacturing Hub
Supply Chain Analysis
Export – Import
Drivers & Challenges
Government Initiatives & Regulations
Trends
Competitive Landscape
Strategic Recommendations
Appendix
For
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