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(EMAILWIRE.COM, February 11, 2010 ) New Delhi, India - RNCOS, a leading market research firm, has extensively analyzed the Indian automobile industry prospects in its research report “Indian Automobile Sector Analysis”. The industry statistics of all-important segments indicate to dynamic market with strong future growth potential. The market has exhibited enduring resilience against recession and remained almost immune to its negative impacts.
The report has highlighted that the automobile production continued to move upward even in tough business conditions and registered close to 3% year-on-year growth in FY 2009 when the automobile industries of other countries heavily battered by economic slowdown. This phenomenal growth is attributed to various factors analyzed thoroughly in the report. We expect that the automobile production will grow at an impressive double digit CAGR in coming years.
The passenger vehicle market constitutes nearly 80% of automobile sales, and holds tremendous growth potential considering the fact that passenger car stock stood at just 11 per 1,000 people in 2008. On the foundation of some critical market trends, we anticipate that passenger cars will remain a dominant market segment both in terms of sales and production.
The growing automobile industry has transformed with rapid development of auto component industry. Strong domestic demand and exports of auto components infused 16.6% CAGR production growth (in value terms) in the country and are well poised to sustain their phenomenal growth track in coming years.
“Indian Automobile Sector Analysis” provides unbiased market analysis and cutting edge market intelligence of the Indian automobile industry. The report provides qualitative as well quantitative information about the present and future market trends for all prominent market segments such as passenger cars, commercial vehicles, utility vehicles, multi-purpose vehicles, two wheelers, automobile component, etc. The report also contain comprehensive discussion on future growth opportunities like - automotive design, tyre industry, auto insurance, financing, green car market - to facilitate clients understand the market dynamics and to make right investment decision.
The report has explained the major industry drivers and challenges that enable to comprehend present market scenario and devise strategies to overcome challenges. The forecast section of each segment gives a rough idea about the direction in which the industry is likely to move in future.
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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