Reports Search Total = 29

India Used Car Market – Growth, Trends, and Forecast (2019 – 2024)

Automotive Published by: Mordor Intelligence Market: India
90 pages Published: 22-07-2019
  • Automotive
  • Mordor Intelligence
  • India
  • 90 pages
  • Published: 22-07-2019

Market Overview

 

The Indian used car market is expected to grow at a fast pace, registering a CAGR of more than 10%, during the forecast period, 2019-2024.

 

– As per the data released by SIAM, in 2018, approximately 4 million units of used cars were sold, when compared to 3.6 million units of new car sales.

– Factors, such as rise in income levels, increasing demand for luxury cars, shorter car ownership periods, and growing demand from two-wheeler owners for small and compact cars, are driving the growth of the market.

– Approximately 60% of the used car buyers are first-time buyers, followed by multi-car families (37%), and only 3% replaced their pre-owned car with another pre-owned cars.

 

Scope of the Report

 

The Indian used car market is segmented into organized and unorganized segments. However, C2C (customer to customer) channel is also used for the sales of pre-owned cars in the market.

 

Key Market Trends

 

Organized Segment is Projected to Grow at a Fast Pace

 

The organized segment of the Indian used car market is expected to grow at a fast pace during the forecast period. This segment accounted for approximately 20% of the Indian used car market.

 

– According to major players, such as Mahindra First Choice Wheels and OLX, the organized segment witnessed a growth rate of approximately 35%.

– As per the major players, brick-and-mortar dealers provide more peace of mind to the consumers, as they can easily walk up to the dealers in case of any assistance required. Additionally, these dealers provide quality products, services, and genuine parts.

– Though the brand showrooms provide only their own brand of vehicles, they follow high-quality standards for buying cars from first owners.

– Furthermore, consumers prefer safety, transparency, convenience, and negligible risk, while purchasing used cars, which in turn, provides the organized sector an upper edge, when compared to unorganized sector.

 

Growing Demand for Luxury Used Cars

 

The used car market is witnessing a boom in the country, with the demand for luxury cars continually increasing.

 

Until few years, owning a luxury car used to be a dream for numerous consumers, owing to financial hurdles, but this is gradually changing, as the consumers can easily buy used luxury vehicles. Heavy depreciation in luxury car prices has made these vehicles, a preferred choice in the used car market. As per OLX, used luxury vehicles priced over INR 15 lakh were the preferred choice among the consumers. According to OLX, over 55,000 luxury cars (priced above INR 15 lakh) were listed on OLX every month and supply for premium cars jumped by over four times in 2017. As per the report, titled OLX Auto Note, top-end sedans and luxury cars added up to 38% of the total four-wheeler listings on the platform.

 

Some major factors driving the growth of the used luxury cars are as follows – high rate of depreciation value of the luxury cars, fast growing base of young population, increasing disposable income of the consumers (along with rapid urbanization), and growing internet penetration in non-metros.

 

As per automobile dealers, the demand for used luxury cars has been growing at approximately 35% – 40% year-on-year basis, as owners of the luxury cars usually sell off their vehicles after a year or two years, as they desire for upgraded and better models. Additionally, apart from the reasons, majority buyers of these vehicles are from Tier-1 and Tier-2 cities.

 

With the rise in the consumers’ disposable incomes, they are not hesitant to spend on luxury goods and services. For these consumers, luxury is indulgence; as a result, they want themselves to be associated with top brands to make a statement.

 

Competitive Landscape

 

Some of the major players dominating the Indian used car market are CARS24, Maruti True Value, Mahindra First Choice, Hyundai H Promise, Ford Assured, and OLX.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.4 Market Restraints

4.5 Industry Attractiveness – Porter’s Five Forces Analysis

4.5.1 Threat of New Entrants

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Bargaining Power of Suppliers

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 By Vehicle Type

5.1.1 Hatchbacks

5.1.2 Sedan

5.1.3 SUV

5.2 By Vendor Type

5.2.1 Organized

5.2.2 Unorganized

5.3 By Fuel Type

5.3.1 Petrol

5.3.2 Diesel

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Mergers and Acquisitions

6.3 Company Profiles

6.3.1 CARS24

6.3.2 Maruti True Value

6.3.3 Mahindra First Choice Wheels

6.3.4 Hyundai H Promise

6.3.5 Honda Auto Terrace

6.3.6 Ford Assured

6.3.7 Toyota U Trust

6.3.8 Das Welt Auto

6.3.9 BMW Premium Selection

6.3.10 Audi Approved Plus

6.3.11 Mercedes-Benz Certified

6.3.12 Car Trade

6.3.13 OLX

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Vehicle Type

Hatchbacks

Sedan

SUV

 

By Vendor Type

Organized

Unorganized

 

By Fuel Type

Petrol

Diesel

We value your investment and offer free customization with every report to fulfil your exact research needs.

Share This Post:

Choose License Type

India Spinal Fusion Devices Market – Growth, Trends, and Forecast (2019 – 2024)

Healthcare Published by: Mordor Intelligence Market: India
70 pages Published: 22-07-2019
  • Healthcare
  • Mordor Intelligence
  • India
  • 70 pages
  • Published: 22-07-2019

Market Overview

 

The major factors responsible for the growth of the Indian spinal fusion devices market include growing geriatric population in India, rising incidences and prevalence of spinal problems, and rising medical tourism. These factors are also expected to contribute to the growth of this market during the forecast period.

 

One of the driving factors for the market is the increasing geriatric population in India. The chances of spinal problems are higher among the aged population. Therefore, spinal cases are also expected to increase. According to the report published in 2014 by the State of Elderly, India is expected to be the youngest country in the world by 2020, with a median age of 29 years. However, the number of elderly people is expected to increase significantly after that, and by the year 2021, the elderly population in the country is expected to be around 143 million. The increase in life expectancy over the years has resulted in an increase in the population of the elderly. Therefore, the increasing population is driving the growth of the market studied.

 

Spine-related problems are on the rise in India, similar to other countries. The incidences and prevalence of spinal problems have been increasing, mainly due to an unhealthy lifestyle, bad postures, and sedentary jobs. Bad postures put a lot of stress on the ligaments, muscles, and joints that support the back. A sedentary lifestyle also leads to weak muscles and ligaments, which do not support the back appropriately, and thus, predispose people to back pain. It has been observed that about 60% of the Indian population may have a significant episode back problem at some point in their lifetime. Therefore, increasing cases of spinal problems is also expected to drive the market studied.

 

Medical tourism is further a major driving factor for the spinal fusion devices market. In India, the prices of the spinal fusion devices and the respective spinal surgeries are low, as compared with the other countries. Thereby, numerous patients are travelling from across the world to India for treatment and spinal surgeries.

 

Scope of the Report

 

As per the scope of this report, spinal fusion devices refer to an orthopedic procedure that involves the fusion of two or more vertebrae, to restrict the movement of the effected vertebrae and decrease the pain suffered by the patient. A variety of spinal fusion procedures are performed covering the thoracic, lumbar, and cervical areas of the spine. Spinal fusion devices are used for the treatment of spinal injuries or deformities, such as spondylolisthesis and degenerative disc disease. As per the scope of this report, the Indian spinal fusion device market has been segmented by type and surgery.

 

Key Market Trends

 

Minimally Invasive Spine Surgery by Surgery Segment is Expected to Grow with the Highest Growth Rate During the Forecast Period

 

The minimally invasive spine surgery segment is expected to be fastest-growing segment, owing to the benefits associated with the surgery, such as reduction in blood loss during or after surgery, reduced post-operative pain and risk of infection, reduced risk of muscle and tissue damage (since there is less or no muscle cutting required), and others. Thus, because of these benefits, a higher number of people are opting for minimally invasive spinal surgeries. Surgeons can perform various types of spine surgery procedures using minimally invasive methods, such as spinal fusion, decompression, interbody cage fusion, discectomy and microdiscectomy, laminotomy, and laminectomy, among others.

 

Competitive Landscape

 

The Indian spinal fusion devices market is dominated by a few major players. These enterprises are already competitors and the existing players are competing with each other on various fronts, such as the introduction of new products, increasing geographical penetration, and enhancing distribution channel. The high competition is expected to drive the merger and acquisition activity, thereby, leading to market consolidation in a few business segments.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growing Aging Population in India

4.2.2 Rising Incidences and Prevalence of Spinal Problems

4.2.3 Rising Medical Tourism

4.3 Market Restraints

4.3.1 Stringent Regulatory Issues

4.3.2 Reimbursement Issues

4.4 Porter’s Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Cervical Fusion Device

5.1.2 Thoracic Fusion Device

5.1.3 Lumbar Fusion Device

5.2 By Surgery

5.2.1 Open Spine Surgery

5.2.2 Minimally Invasive Spine Surgery

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 DePuy Synthes Companies (Johnson and Johnson)

6.1.2 Globus Medical Inc.

6.1.3 Matrix Meditec Pvt Ltd

6.1.4 Medtronic PLC

6.1.5 S.H. Pitkar Orthotools Pvt Ltd

6.1.6 Zimmer Biomet Holdings, Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Type

Cervical Fusion Device

Thoracic Fusion Device

Lumbar Fusion Device

 

By Surgery

Open Spine Surgery

Minimally Invasive Spine Surgery

We value your investment and offer free customization with every report to fulfil your exact research needs.

Share This Post:

Choose License Type

India Seed Sector Analysis – Growth, Trends, and Forecast (2019 – 2024)

Agriculture Published by: Mordor Intelligence Market: India
65 pages Published: 22-07-2019
  • Agriculture
  • Mordor Intelligence
  • India
  • 65 pages
  • Published: 22-07-2019

Market Overview

 

The Indian seed market was valued at USD 2.21 billion in 2018, and it is projected register a CAGR of 6.4% during the forecast period (2019-2024).

 

– Due to a stagnant growth observed in arable land and a constantly increasing population, the per capita arable land has been declining. These factors, along with poor crop productivity, are likely to put pressure on food supply in the country.

–  Increasing seed replacement rate in the country and the adoption of hybrid and biotech crops are the major drivers of the market.

– Rising concerns over GM seeds, long GM approval timelines, and excessive government regulations are some of the market restraints.

 

Scope of the Report

 

The report defines the market in terms of end users, who procure seeds for sowing. The end users include farmers and institutional buyers operating in agricultural production. For the purpose of this report, the seeds used for sowing have been considered for market estimations and forecast. The market does not include seeds used for human or animal consumption. The future analysis and segmentation, by crop type, have also been discussed in each of the sub-segments.

 

Key Market Trends

 

Increasing Adoption of Hybrid Seeds

 

The adoption of hybrid seeds has significantly increased in the country during and after the Green Revolution, due to the increasing pressure for high crop production for food security. The hybrid seed sector has witnessed a growth of 15%-20% per year over the past decade. The major boost has come from the increased adoption of Bt cotton hybrids, single-cross corn hybrids, and hybrid vegetables. This increased demand for hybrid seeds boosted the market for commercial seeds. The aggressive promotion measures undertaken for the use of hybrid seeds resulted in the increased demand and production of hybrid seeds in the country. Farmers are adopting and using more hybrid seeds, considering the disease- and pest-resistant properties of these seeds, reducing the losses and cost of production.

 

The India Seed Sector Analysis by Crop Type

 

Cotton holds the maximum share of revenue, when the market is segmented by row crop. The large scale adoption of Bt cotton seed in India has been the driving force behind this large share. Vegetables and maize are also crops with high hybridization and seed replacement rates, and hence have high shares among all the crops. The Indian seed market is segmented by crop type and further divided into sub-segments, which are by row crops and vegetables. The market share captured by row crops is 80% and the rest 20% is captured by vegetables.

 

Competitive Landscape

 

The Indian seed market is highly fragmented with the top eight companies accounting for more than 25% of the market, while the rest is accounted by various other small domestic companies. There have been a lot of acquisitions and mergers in the past few years, which have led to changes in the overall market share of the companies in the Indian seed market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.4 Market Restraints

4.5 Industry Attractiveness – Porter’s Five Forces Analysis

4.5.1 Bargaining Power of Suppliers

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Threat of New Entrants

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry 

4.6 Overview of Key Crops Under Cultivation (Area Harvested and Production)

4.6.1 Rice

4.6.2 Wheat

4.6.3 Maize

4.6.4 Millets

4.6.5 Soybean

4.6.6 Groundnut

4.6.7 Chickpea

4.6.8 Pigeon Pea

4.6.9 Cotton

4.6.10 Onion

4.6.11 Tomato

4.6.12 Eggplant

4.6.13 Chilli

5 MARKET SEGMENTATION

5.1 Crop Type

5.1.1 Row Crops

5.1.1.1 Rice

5.1.1.2 Wheat

5.1.1.3 Maize

5.1.1.4 Millets

5.1.1.5 Cotton

5.1.1.6 Other Row Crops

5.1.2 Vegetables

5.1.3 Onion

5.1.4 Tomato

5.1.5 Other Vegetables

6 COMPETITIVE LANDSCAPE

6.1 Most Adopted Competitive Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Rallis India Ltd

6.3.2 Advanta Seeds (UPL)

6.3.3 Nuziveedu Seeds Ltd

6.3.4 Kaveri Seeds Ltd

6.3.5 National Seeds Corporation Ltd

6.3.6 PHI Seeds Private Ltd (DuPont Pioneer)

6.3.7 Monsanto India Ltd

6.3.8 Mahyco

6.3.9 Rasi Seeds

6.3.10 JK Agri Genetics Ltd

6.3.11 VNR Seeds

6.3.12 Syngenta India Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Crop Type

Row Crops

Rice

Wheat

Maize

Millets

Cotton

Other Row Crops

Vegetables

Onion

Tomato

Other Vegetables

We value your investment and offer free customization with every report to fulfil your exact research needs.

Share This Post:

Choose License Type

India Patient Monitoring Market- Growth, Trends, and Forecast (2019 – 2024)

Healthcare Published by: Mordor Intelligence Market: India
68 pages Published: 22-07-2019
  • Healthcare
  • Mordor Intelligence
  • India
  • 68 pages
  • Published: 22-07-2019

Market Overview

 

The key factors propelling the growth of the Indian patient monitoring market are the rising incidences of chronic diseases due to lifestyle changes, growing preference for home and remote monitoring, and ease of use and portability devices to promote growth.

 

India is among the top three countries with a high incidence of diabetes. The diabetic population in the country increased from 11.9 million in 1980, to around 69.1 million in 2015. The prevalence of diabetes in men has more than doubled in the country, from 3.7% to 9.1% from 1980-2015.

 

Indians are four times more likely to develop diabetes than other regions, such as Europe, because Indian diets are rich in saturated fats and carbohydrates, which add more extra calories and sugar than required by the body. Additionally, sedentary lifestyles and obesity are the other factors responsible for the high prevalence of diabetes. Therefore, the high prevalence of chronic diseases in India is expected to augment the growth of the patient monitoring market.

 

Owing to the rapid evolution of the market in the use of medical technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.

 

Scope of the Report

 

As per the scope of the report, patient monitoring devices are the devices that are used to continuously monitor the patient’s vital parameters, using a medical monitor, and collect medical and other forms of health data from individuals. With the medical needs of patients being at an all-time high, any further rise is expected to lead to significant growth in the patient monitoring market.

 

Key Market Trends

 

Home healthcare is the Segment Under End User that is Expected to Grow Fastest During the Forecast Period

 

Home healthcare is anticipated to exhibit robust growth over the forecast period. The cost efficiency of these alternate sites along with the availability of qualified resources is expected to support the growth.

 

Competitive Landscape

 

The Indian patient monitoring market consists of several major players. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions and partnerships that help in strengthening their market position.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Rising Incidences of Chronic Diseases Due to Lifestyle Changes

4.2.2 Growing Preference for Home and Remote Monitoring

4.2.3 Ease of Use and Portability Devices to Promote Growth

4.3 Market Restraints

4.3.1 High Cost of Technology

4.4 Porter’s Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Type of Device

5.1.1 Hemodynamic Monitoring Device

5.1.2 Neuro-monitoring Device

5.1.3 Cardiac Monitoring Device

5.1.4 Fetal and Neonatal Monitoring Device

5.1.5 Respiratory Monitoring Device

5.1.6 Multi-parameter Monitoring Device

5.1.7 Remote Patient Monitoring Device

5.1.8 Weight Monitoring Device

5.1.9 Temperature Monitoring Device

5.2 By Target Area

5.2.1 Cardiology

5.2.2 Neurology

5.2.3 Respiratory

5.2.4 Fetal and Neonatal

5.2.5 Weight Monitoring

5.2.6 Temperature Monitoring

5.2.7 Remote Monitoring

5.2.8 Other Target Areas

5.3 By End User

5.3.1 Home Healthcare

5.3.2 Clinic

5.3.3 Hospital

5.3.4 Other End Users

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Koninklijke Philips N.V.

6.1.2 GE Healthcare

6.1.3 BPL Group

6.1.4 Mindray Medical International Limited

6.1.5 Nihon Kohden Corporation

6.1.6 Dragerwerk AG

6.1.7 Spacelabs Healthcare

6.1.8 Schiller

6.1.9 Siemens Healthcare GmBH

6.1.10 Life Plus Healthcare Private Limited

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Type of Device

Hemodynamic Monitoring Device

Neuro-monitoring Device

Cardiac Monitoring Device

Fetal and Neonatal Monitoring Device

Respiratory Monitoring Device

Multi-parameter Monitoring Device

Remote Patient Monitoring Device

Weight Monitoring Device

Temperature Monitoring Device

 

By Target Area

Cardiology

Neurology

Respiratory

Fetal and Neonatal

Weight Monitoring

Temperature Monitoring

Remote Monitoring

Other Target Areas

 

By End User

Home Healthcare

Clinic

Hospital

Other End Users

We value your investment and offer free customization with every report to fulfil your exact research needs.

Share This Post:

Choose License Type

India Ophthalmic Devices Market – Growth, Trends, and Forecast (2019 – 2024)

Healthcare Published by: Mordor Intelligence Market: India
69 pages Published: 19-07-2019
  • Healthcare
  • Mordor Intelligence
  • India
  • 69 pages
  • Published: 19-07-2019

Market Overview

 

India’s market for ophthalmic devices was valued at USD 1.17 billion for 2018. The CAGR for the forecast period is projected to be 7.3%.

 

As of 2018, India has close to 15,000 registered practicing ophthalmologists. Annually, close to 5 million cataract surgeries are performed in India. The majority of these procedures involve intraocular lens implantation.

 

Ophthalmic services are available in India through eye hospitals that are run by the government, corporations, and non-profits. The out-of-pocket expenditure in private settings is relatively higher than those in government hospitals, yet there is a growing popularity for private eye centers primarily due to their higher degree of sophistication and international compliance of eye-care standards.

 

Scope of the Report

 

India is a developing economy and has huge unmet needs in ophthalmic care. India is also home to approximately 30% of the world’s blind population, about half of whom are blind from cataracts. The prevalence of age-related eye disorders, primarily glaucoma, is also steadily increasing. The Indian ophthalmic devices market report covers laser devices, devices for surgery – (cataract, glaucoma, etc.), and diagnostic devices.

 

Key Market Trends

 

Under the Surgery Devices segment, Cataract Surgery Devices Led the Market in 2018

 

Indian ophthalmic surgeons are expected to perform approximately 7 million cataract procedures in 2019, making cataract devices the largest overall market segment in the Indian ophthalmic devices market. Revenues from cataract surgery in India are expected to generate close to 30% of the total ophthalmic devices market revenue in the country.

 

Competitive Landscape

 

The international players operating in the Indian ophthalmic devices market include Alcon, Abbott Medical Optics, Carl Zeiss Meditec, Bausch & Lomb, and J&J Vision Care. Apart from these, some of the leading domestic players in the market are GKB Ophthalmic and Techtron Polylenses Ltd.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growth in Cataract Volume

4.2.2 Availability of New Drugs and Devices

4.3 Market Restraints

4.3.1 Increasing Healthcare Costs

4.3.2 Economic Slowdown

4.4 Porter’s Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Devices

5.1.1 Ophthalmic Lasers

5.1.1.1 Nd: YAG Laser

5.1.1.2 Excimer Laser

5.1.1.3 Femtosecond Laser

5.1.1.4 Cyclodiode Laser

5.1.1.5 Photocoagulation Lasers

5.1.1.6 Laser for Glaucoma

5.1.2 Surgery Devices

5.1.2.1 Cataract Surgery Devices

5.1.2.1.1 Intraocular Lens

5.1.2.1.2 Phakic

5.1.2.1.3 Aphakic

5.1.2.1.4 Pseudophakic

5.1.2.1.5 Phacoemulsification

5.1.2.2 Glaucoma Surgery Devices

5.1.2.2.1 Glaucoma Drainage Devices

5.1.2.2.2 Glaucoma Implants

5.1.2.2.3 Glaucoma Lasers

5.1.2.2.4 Glaucoma Shunts and Valves

5.1.2.3 Refractive Surgery Devices

5.1.2.3.1 Microkeratome

5.1.2.3.2 Intrastormal Rings

5.1.2.3.3 Diamond Knife

5.1.2.3.4 Solutions and Viscoelastics

5.1.2.3.5 Retinal Implants

5.1.3 Diagnostic Devices

5.1.3.1 Ophthalmoscope

5.1.3.2 Slit Lamps

5.1.3.3 Exophthalmometer

5.1.3.4 Keratometer

5.1.3.5 Tonometer

5.1.3.6 Phoropter

5.1.3.7 Ultrasounds

5.1.3.8 Fundus Camera

5.1.3.9 Retinoscope

5.1.3.10 Lensometer

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Abbott Medical Optics

6.1.2 Alcon

6.1.3 Appasamy Asocaites

6.1.4 Bausch & Lomb

6.1.5 Carl Zeiss Meditec

6.1.6 GKB Ophthalmic

6.1.7 J&J Vision Care

6.1.8 Techtran Polylenses Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Devices

Ophthalmic Lasers

Nd: YAG Laser

Excimer Laser

Femtosecond Laser

Cyclodiode Laser

Photocoagulation Lasers

Laser for Glaucoma

Surgery Devices

Cataract Surgery Devices

Intraocular Lens

Phakic

Aphakic

Pseudophakic

Phacoemulsification

Glaucoma Surgery Devices

Glaucoma Drainage Devices

Glaucoma Implants

Glaucoma Lasers

Glaucoma Shunts and Valves

Refractive Surgery Devices

Microkeratome

Intrastormal Rings

Diamond Knife

Solutions and Viscoelastics

Retinal Implants

Diagnostic Devices

Ophthalmoscope

Slit Lamps

Exophthalmometer

Keratometer

Tonometer

Phoropter

Ultrasounds

Fundus Camera

Retinoscope

Lensometer

We value your investment and offer free customization with every report to fulfil your exact research needs.

Share This Post:

Choose License Type

India Luxury Car Market – Growth, Trends, and Forecast (2019 – 2024)

Automotive Published by: Mordor Intelligence Market: India
90 pages Published: 19-07-2019
  • Automotive
  • Mordor Intelligence
  • India
  • 90 pages
  • Published: 19-07-2019

Market Overview

 

The Indian luxury car market (henceforth, referred to as the market studied) is anticipated to register a CAGR of 23% during the forecast period (2019 – 2024).

 

– India is a huge market for vehicles and possesses very high potential for luxury cars. Whereas, the luxury car market penetration level in the country is low but leading luxury car manufacturers are betting on the market’s potential.

– At present, the penetration rate of luxury cars in the country is approximately 1.2%. Luxury cars sales in the country have increased at a rapid pace since 2012, with approximately 17% rise in sales in 2017, with Mercedes-Benz dominating the market studied. Mercedes sold 15,300 units in 2017 at a growth rate of 15.63%. Whereas, the BMW sold 9,800 units at a growth rate of 24.66% and Audi sold 7,876 units in 2017.

– As luxury car manufacturers are launching multiple models with various price ranges, along with user-friendly financing schemes, the demand for luxury cars is expected to rise in the country. Moreover, the demand for luxury SUVs has been growing rapidly in the country and is expected to continue during the forecast period, as they offer extra space and comfort. Major luxury car manufacturers, like Audi, BMW, and Mercedes are planning to launch new luxury models in the country at a competitive prices.

 

Scope of the Report

 

The India luxury car market covers all the latest R&D initiatives, investment done by the government, and vehicle manufacturers across the country. The scope of the report includes

 

Key Market Trends

 

Luxury SUVs are Witnessing Rapid Growth in the Country

 

In 2018, the market studied registered a slow growth rate, due to many obstacles, such as growing liquidity pressure, and change in GST rates also impacted the sales of luxury cars in the country. However, despite the slow growth rate, the sales of luxury SUVs have increased. For instance;

 

– BMW’s locally-assembled SUV range contributed over 50% to its overall sales, with strong demand for the X3. It also confirmed that the new X4 and X7 may be locally assembled at its Chennai plant.

– Mercedes also witnessed a significant demand and sales for its GLC-class SUV.

– Volvo had the biggest growth among the luxury car manufacturers. The company’s new line-up of SUVs is being more successful.

– JLR SUVs also witnessed significant growth in sales and accounted for over 50% of the total sales in the country.

Under the sedan segment, Mercedes and BMW have dominated the luxury sedan segment of the Indian Market. BMW Group registered 25% growth in sales in the country, by selling 9,379 units in 2017. In 2017, 5-series cars remained to be the most sold model under the sedan category. End-users’ preference of choosing the luxury brands is gradually improving, owing to the rise in disposable income and an increase in high net worth individuals. However, sales were slightly affected by the implementation and change in GST regulation in 2018.

 

Growing Demand for Pre-owned Luxury Vehicles

 

The pre-owned segment of the market studied is witnessing a boom in the country, with the demand for luxury cars continually increasing. Until few years, owning a luxury car used to be a dream for many consumers, owing to financial hurdles, but this is gradually changing, as the consumers can easily buy pre-owned luxury vehicles. Heavy depreciation in luxury car prices has made these vehicles, a preferred choice in the used car market. As per OLX, pre-owned luxury vehicles priced over INR 15 lakh were the preferred choice among the consumers.

 

According to OLX, 55,000 luxury cars (priced above INR 15 lakh) were listed on OLX every month, and supply for premium cars jumped by over four times in 2017.

 

As per automobile dealers, the demand for pre-owned luxury cars has been growing at approximately 35%-40% year-on-year basis, as owners of the luxury cars usually sell off their vehicles after a year or two years, as they desire for upgraded and better models.

 

Competitive Landscape

 

The Indian luxury car market is dominated by luxury cars manufacturers, like Mercedes-Benz, BMW, Volvo, Audi, and Jaguar. The top five luxury car manufacturers jointly sold 40,340 units in 2018, compared to 38,989 units sold in 2017, a growth of 3.4%. In 2018, the luxury car manufacturers faced a hard time, due to the financial market development, changing customer sentiment, and changes in tax policies. However, Mercedes-Benz India maintained its leadership position in the domestic luxury car market and sold a record 15,538 units in 2018, increased by 1.4%, when compared to 2017 (15,330 units). Tata Motors-owned Jaguar Land Rover witnessed a growth of 16% and sold 4,596 units in 2018. Volvo’s sales increased by 30% in 2018, when compared to 2017.   

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Attractiveness – Porter’s Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION

5.1 Vehicle Type

5.1.1 Hatchback

5.1.2 Sedan

5.1.3 SUV

5.2 Drive Type

5.2.1 IC Engine

5.2.2 Electric

5.3 Price Type

5.3.1 INR 20 Lakh – 50 Lakh

5.3.2 INR 50 Lakh – 80 Lakh

5.3.3 Above INR 80 Lakh

5.4 Ownership Type

5.4.1 New Car

5.4.2 Pre-owned

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Mergers and Acquisitions

6.3 Company Profiles

6.3.1 Daimler AG (Mercedes-Benz)

6.3.2 Bayerische Motoren Werke AG (BMW)

6.3.3 Volvo Group

6.3.4 Volkswagen Group

6.3.5 Tata Motor Limited

6.3.6 Fiat Chrysler Automobiles

6.3.7 Ford Motor Company

6.3.8 Toyota Motor Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 DISCLAIMER

MARKET SEGMENTATION

 

Vehicle Type

Hatchback

Sedan

SUV

 

Drive Type

IC Engine

Electric

 

Price Type

INR 20 Lakh – 50 Lakh

INR 50 Lakh – 80 Lakh

Above INR 80 Lakh

 

Ownership Type

New Car

Pre-owned

We value your investment and offer free customization with every report to fulfil your exact research needs.

Share This Post:

Choose License Type