With the emergence of the COVID-19 pandemic, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues. Virtual Expos & Conferences will bring the opportunity for Indian Exhibitors to interact with the stalwarts from various industries for innovative products & solutions.
As we all know that the on-going pandemic has resulted in restriction of overseas travel leading to cancellation of most of the reputed international shows all across the globe. During such challenging times and restrictions, as the world moves to a New Normal scenario, the need of an hour is to move ahead and shift our focus from participating in physical exhibitions to virtual shows to connect with overseas buyers and sellers and build longterm business relations.
Auto Components Africa is an upcoming 2D Virtual Exhibition targeting the entire African region which will be taking place from 25-27 February, 2021. It primarily focuses on the Auto Parts & Components segment. It will give African buyers an opportunity to connect and to do business with leading platers from the Indian automotive sector.
Africa is a high potential market in this sector and this exhibition gives an opportunity to the exhibitors to make the most of the untapped potential of the African region.
CII has always ensured to shoulder industry challenges and worked towards industry growth in difficult times. Continuing our efforts in this direction, we are pleased to inform you that CII is organizing Auto Components Africa which cater the growing demand of sectors like Auto Components & Auto Parts segments. It is a great and unique opportunity for all organizations to associate with the event as an exhibitor to reach out to the African countries.
India’s Automotive Industry
India is today known for being a reliable producer of high-value precision instruments for almost all major global automotive companies. India has strongly emerged as one of the most preferred destinations for manufacturing high quality auto components.
- Indian auto-components industry is set to become the third largest by 2025.
- India offers a stable government framework, increased purchasing power and a large domestic market.
- India offers a large pool of skilled and semi-skilled workforce.
- Automobile and auto component industry are a key component of the flagship ‘Make in India’ programme.
- The auto component sector is a key component of the flagship ‘Make in India’ programme from the Government of India.
According to recent reports, the Indian automotive industry is expected to be among the top three in the world in the area of engineering, manufacturing export of vehicles and components by 2026. The industry aims to achieve five times growth with a turnover of US$ 200 billion, exports targets between US$ 70-80 billion and an investment of US$ 30-40 billion by 2026.
The aftermarket segment is expected to grow at a CAGR of 10.5 per cent, and reach US$ 13 billion by 2023, from US$ 8.4 billion in 2016-17. As the manufacturing competencies available in the country are being utilised for developing components for the global market, the domestic market is going equally strong. The auto components industry accounts for almost seven per cent of India’s Gross Domestic Product (GDP) and employs as many as 19 million people, both directly and indirectly. Increased investments in R&D operations and laboratories, which are being set up to conduct activities such as analysis, simulation and engineering animations, are expected to further boost India’s position as a global supplier.
The African Market
Demand in Africa for auto parts and accessories is growing 11% year-on-year and will be worth over $16.1 billion by 2022, according to a recent report.
The double-digit demand for parts in the African continent is led by countries like Kenya, Ethiopia, Tanzania and Uganda.
There are nearly 23 million vehicles on the African continent’s roads today, creating demand for parts and accessories worth more than $8.5 billion per year.
Auto Components Africa
Auto Components Africa virtual exhibition will play an important role in connecting African buyers with Indian suppliers and boost bi-lateral trade between Africa and India – specially in the booming automotive sector.
Media Partner: Africa Business Pages
Africa Business Pages is the Official Media Partner for Auto Components Africa virtual trade show being jointly organised by Futurex and Exhibitions & Trade Services India Pvt Ltd. (ETSIPL) with the support of The Confederation of Indian Industry (CII).
