FROST RADAR™: Indian Automotive Component Aftermarket, 2020
Published on: 01-Jun-2020 | SKU: AU01995-SA-MR_24365

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This Frost Radar™ analyzes the Indian automotive component aftermarket and identifies growth factors and key emerging trends in the industry. The automotive component aftermarket has been steadily growing at a CAGR of 13% over the last five years. However, the market is expected to slow down in FY '21 due to the lockdown and the associated effects of the COVID-19 pandemic, but the market is expected to revive back by FY '22 because of weaker sentiment toward buying new vehicle and the increasing average vehicle parc age as an effect of that sentiment. There are a number of component manufacturers in India, and 9 companies were shortlisted as they are considered to be at the top when it comes to R&D, innovation, customer alignment, and to also consistently cater to a large customer base by offering innovative products and business models that help sell their products through various channels. The top 9 companies have been shortlisted and plotted on the Frost Radar™. The companies are plotted in terms of both innovation and growth and are based on the primary interviews and research. Each company is profiled on the basis of four key aspects: Frost Radar™ Location, Growth, Innovation, and Next Steps. Strategic insights are provided on how the automotive component market will evolve and what companies need to watch out for.

Strategic Imperative

Strategic Imperative (continued)

Growth Environment

The Frost Radar™: Indian Automotive Component Aftermarket

Frost Radar™

Frost Radar™

Bosch

Exide Industries

Amara Raja Batteries

Spark Minda

Rane Brake Lining (RBL)

Valeo Service

Gabriel

Subros

Varroc

Strategic Insights

SIGNIFICANCE OF BEING ON THE FROST Radar™

FROST Radar™ EMPOWERS THE CEO’S GROWTH TEAM

FROST Radar™ EMPOWERS INVESTORS

FROST Radar™ EMPOWERS CUSTOMERS

FROST Radar™ EMPOWERS THE BOARD OF DIRECTORS

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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This Frost Radar
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Parthasarathi Prabaharan
Industries Automotive
WIP Number PADC-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9801-A6,9AF6-A6

FROST RADAR™: Indian Automotive Component Aftermarket, 2020

AutomotiveFROST RADAR™: Indian Automotive Component Aftermarket, 2020

Benchmarking Future Growth Potential

RELEASE DATE
01-Jun-2020
REGION
South Asia, Middle East & North Africa
Deliverable Type
Frost Radar
Research Code: PADC-01-00-00-00
SKU: AU01995-SA-MR_24365
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU01995-SA-MR_24365