The market is dominated by domestic suppliers, as imports account for 27.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 98.5% of total demand in 2022. India has the fourth largest market size for electrical equipment for engines and vehicles regionally, with demand reaching USD10.3 billion in 2022. Motherson Sumi Systems Ltd is the largest company in India, generating 13.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 45.7% of total production value in 2022. The total number of companies increases in 2022, to 98,994 units. The costs of the industry increase by 5.1% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 10.0% of production value in 2022, the seventh highest regionally. The industry’s exports share increases in 2022 to 21.4% of total production output. With production value of USD5.0 billion, India accounts for 1.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Electrical Equipment for Engines and Vehicles in India: ISIC 319. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electrical Equipment for Engines and Vehicles in India: ISIC 319 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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