Market Size of India Automotive OEM Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | < 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Automotive OEM Coatings Market Analysis
The India Automotive OEM Coatings market is expected to reach around 670 million by the end of this year. It is projected to register a CAGR of over 9.7% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The Increasing Demand for Passenger Cars is anticipated to be one of the major factors driving the growth of the Automotive OEM coatings market.
- On the flip side, shortages of semiconductors and other components are likely to negatively affect the demand for Auto OEM coatings consumption in the country.
- The Market expansion is anticipated to be supported by Increasing Demand for Electronic Vehicles.
- In the End-User segment, the Passenger Cars segment is expected to dominate the country's automotive OEM coatings market.
