Engineering Sector

Unparallel coverage of Business Sectors

active column business covers content coverage divisions unparallel home main media navigation login million offers pace papers players recent relations syndicated traffic research scape sectors skip

Engineering Sector

Home

Engineering sector, which was spearheading industrial growth in the earlier decades, is again in the forefront of economic activity. The sector accounts for 12% of the GDP and provides direct employment to more than 5 million people. It produces machinery and capital goods for various industries as well as components and parts. It is broken up into heavy engineering and light engineering. Wide variety of production processes like casting, forging, welding, pressing, stamping etc. are used in the sector. It is also one of the leading sectors of exports. In the recent past, many engineering MNCs have set up business in India taking advantage of the huge pool of skilled labour in the country.

The studies IMRB has carried out in the engineering sector cover a wide variety of objectives like demand assessment, product acceptance, buyer behaviour, customer segmentation and product testing.

Auto component & Ancillary

The Auto component & Ancillary sector ably supports the need of the Indian and many well known global automotive players. The Indian automobile industry has an installed capacity of over 15 mn vehicles. Thriving on this strong OEM base, the ancillary industry is valued at USD19 bn and is growing at 17% CAGR over the last few years. The market for auto components can be broadly split into:

OEM demand ~ 55%,
Replacement demand ~ 30%,
Exports ~ 15%

IMRB has studied extensively the aftermarket of various automotive products, covering issues such as market size, brand share, buying behavior, spurious market and counterfeit presence, channel dynamics, quality of customer service etc.

Some of the automotive products studied include brakes & brake parts, air-conditioners, automotive safety glass, tyres (all vehicles), automotive instrumentation, a range of electrical parts, auto batteries, lubricants, fuel injection systems etc.

Please see the summary report on Sizing the Counterfeit Market for Auto components in India.