The Market Research Agencies in India
states that the piston and piston ring market has been one of the fastest
increasing auto component segments attaining its success commonly to the
automobile segment and requirement for the wider powered engines. The effective
rise in the advancement in the infrastructure, an increasing domestic market
for the automobiles backed by the fresh model establishes, growing purchasing
power and alleviating the government framework will draw in foremost
investments both internally and internationally. Furthermore, the Research
Agencies in India states that India is poised to become a leading export pivot
for the motorcycles in the near years and is presently located as the third
largest exporter of two wheelers across the globe. In addition, the export
market for piston and piston ring producers is still an underpenetrated sector
and is still comparatively small with great growth predictions in the future
owing to the relaxation on laws of doing business in India, a buoyant end-user
market, and reappearance of adequate liquescence in the financial system.
Although, the organized players attain
the whole OEM market engaging special emphasis on continuing the great quality
standards for its products as well as commissioning the modern technology in
the production progression for piston and piston rings.
Nevertheless, the Market Research Agencies in India also forecast that the Light and
heavy duty commercial vehicles registered for the principal market share in
terms of revenue in the recent past years. Moderately higher cost and dumpier
service life resulted in the high sales of fuel injection systems in this
sector. Great number of the commercial vehicles functioning in the region
coupled with wide replacement requirement resulted in high sales of fuel
injection systems for light and heavy commercial vehicles during the recent
past years. All four wheelers in the present trend are well-appointed with the
port or direct fuel injection systems. Due to the extraordinary sales of the
four wheeler passenger cars in the region, fuel injection systems predestined
for the four wheelers registered for a substantial market share in terms of
revenue in FY'2017. Two wheelers and several other vehicle sectors encompassed
for the rest of the market share.
The market for fuel injection systems
in India is predictable to be determined majorly by the intensification in
production and sale of automobiles counting two wheelers, four wheelers, light
and heavy commercial vehicles attached with the replacement requirement of the
carburetors and fuel injection systems to observe with severer regulatory
standards in the next five years. Moreover, the exports have been on an
expanding curve due to the corporates manufacturing injection systems in India for
better regions of scale. As a result, the export of the fuel injection system
is anticipated to pursue to gradient at least in the short-midterm and
encouragement in the growth of automotive fuel injection systems market in
India. Therefore, along the handsome amount of investment by the Market Research Agencies in India for
doing proficient research programs it is predicted that the markets across
India will increase more positively over the coming years.
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Ankur Gupta, Head Marketing &
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