Diamond Chain Market Share India,Rombo Chain Manufacturer in India,Transmission drive chain SKF india-Ken Research

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Increasing Market Penetration of Automobiles in
India, Make in India initiative and Increasing
Investment in Automobile Industry will boost
India Roller Chain Market Ken Research
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India auto chain market value will escalate in
the future owing to increasing automobile sales
in the country. Innovation, technological
advancement and low market penetration has
resulted in increasing investment in India
automobile industry. India auto chain market is
majorly driven by high demand by OEMs and
aftermarket. Indian Government introduced Make
in India initiative in 2014 which has brought
ease for foreign players to manufacture auto
chains and automobiles in India and sell at lower
cost, avoiding excise duties and taxes. Auto
chain companies focus on increasing their
exports and enhancing production levels
production capacities would aid in sustaining
growth of the market. Indian market has huge
potential for automobiles as there are only 20
passenger vehicles, 5 commercial vehicles and 108
two wheelers per 1,000 persons. Automobile
companies are enhancing their product reach with
a vision to capture untapped markets.
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Increasing market penetration of automobiles in
India will positively affect the sales of
automobiles and with rise in the sales and
production of automobiles, the demand for auto
chains in the market will rise exponentially. It
has been anticipated that India will be the third
largest manufacturing hub of automobiles by 2020
majorly owing to various Government initiatives,
ease in Government policies, huge untapped
markets, increasing manufacturing facilities of
automobile manufacturers, increasing disposable
income and enhancing production capacities. As
the demand of auto chains is directly linked with
the sales of automobiles, rise in revenues of
auto chains is expected in future.
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The Modi Government introduced Make in India
initiative on September 25th, 2014. The primary
goal of this initiative is to make India a global
manufacturing hub, by encouraging both
multinational as well as domestic companies to
manufacture their products within the country.
Make in India has introduced multiple new
initiatives, promoting foreign direct investment,
implementing intellectual property rights and
developing the manufacturing sector. This
initiative has aided the domestic as well as
foreign manufacturing companies through its easy
reforms and regulations to setup businesses in
India. Many automobile manufacturers have entered
the market since 2014 owing to ease of
business. Increasing two wheeler sales, rising
demand of four wheeler and commercial vehicles,
increasing proportion of used cars and rising
exports value are some other key factors that may
have positive impact on the market creating
additional and replacement demand in the future,
according to the Analyst at Ken Research.
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Ken Research in its latest study, India Drive and
Timing Chain Market Outlook to 2022, suggests
that demand for auto chains in the market will
continue to dominate in India owing to rising
household income, easy interest rates,
availability of cheaper automobile models and
increasing awareness on using good quality
chains. The export value will increase in future
on account of cheaper products and increasing
companies dealership network. India drive and
timing chain market is estimated to register a
positive CAGR growth during FY2017 FY2022.
Increase in automobile sales in future and Make
in India are expected to be key drivers for
spiked demand in India auto chain market. The
report provides information on components of auto
chains, market size by revenue, market segments
by type of chains, by vehicle, by OEMs and
aftermarket, by sectors and by market structure,
value chain process for auto chains, trends and
developments in the market, key issues and
challenges in the market, norms and regulations
for auto chains,
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trade scenarios in India, investment model for
setting up auto chain manufacturing plant,
porters five force analysis, future outlook and
covering competitive landscape of major companies
including L.G. Balakrishnan Bros Limited, Tube
Investment of India and Rockman
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Potential Entry of OEMs to Foster
Growth   Contact UsKen ResearchAnkur Gupta,
Head Marketing CommunicationsAnkur_at_kenresearch.
com91-9015378249
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