India: Special Vehicle Body Market 2025

Special Vehicle Body Market Size in India

The Indian special vehicle body market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Special Vehicle Body Production in India

In value terms, special vehicle body production totaled $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Special vehicle body production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Special Vehicle Body Exports

Exports from India

In 2022, overseas shipments of bodies for special purpose motor vehicles increased by X% to X units, rising for the second year in a row after four years of decline. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, special vehicle body exports surged to $X in 2022. Over the period under review, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X units), Romania (X units) and Slovenia (X units) were the main destinations of special vehicle body exports from India, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for special vehicle body exported from India were Bangladesh ($X), South Korea ($X) and Australia ($X), together comprising X% of total exports. Slovakia, the Philippines, Peru, Guinea, Slovenia, Romania, Iraq, South Africa, Djibouti and Swaziland lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average special vehicle body export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price saw a dramatic curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Djibouti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (X%), while the prices for the other major destinations experienced a decline.

Special Vehicle Body Imports

Imports into India

In 2022, supplies from abroad of bodies for special purpose motor vehicles increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, special vehicle body imports surged to $X in 2022. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and Mexico (X units) were the main suppliers of special vehicle body imports to India, with a combined X% share of total imports. Turkey, China and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest special vehicle body suppliers to India were Germany ($X), the Czech Republic ($X) and Turkey ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average special vehicle body import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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