Global Motorcycle Transmission Control Unit Market 2019-2023 | Development of Hybrid Motorcycles with Semi-Automatic Transmission to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 25, 2019--
The global motorcycle transmission control unit market is expected to post a CAGR of more than 29% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global motorcycle transmission control unit (TCU) market 2019-2023. (Graphic: Business Wire)
Growing competition in the market is compelling motorcycle manufacturers to introduce innovative components to improve efficiency and riding experience. This led to the electrification of motorcycle components such as transmission, braking among others. Currently, the electrification of the transmission unit is limited to selected trims of the premium segment motorcycles. With the rapid incorporation of electronic components in motorcycles, the market is expected to witness an increase in the penetration rate of automation in transmission systems during the forecast period.
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As per Technavio, the development of hybrid motorcycles with semi-automatic transmission will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Motorcycle Transmission Control Unit Market: Development of Hybrid Motorcycles with Semi-Automatic Transmission
Prominent vehicle manufacturers are increasing their focus on the development of hybrid motorcycles that consist of an IC engine and an electric motor. This enables the rider to switch between hybrid and full-electric modes using a switch mounted on the handlebar. Hybrid motorcycles also allow the rider to change gears without operating the clutch. Such developments offer benefits in terms of less emission and improved fuel efficiencies. This growing trend among motorcycle manufacturers is expected to positively boost the market growth during the forecast period.
“Apart from the development of hybrid motorcycles with semi-automatic transmission, development of custom conversion kit for motorcycle transmission system and increasing popularity of DCT technology are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Motorcycle Transmission Control Unit Market: Segmentation Analysis
This market report segments the global motorcycle transmission control unit market by application (single-clutch transmission and dual-clutch transmission) and geography (APAC, EMEA, and the Americas).
The EMEA region led the market in 2018, followed by the Americas and APAC respectively. During the forecast period, the EMEA region is expected to maintain its dominance over the global market. This is due to the increasing adoption of high-performance and tourer segment motorcycles in the region.
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Five Forces Analysis
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INDUSTRY KEYWORD: AUTOMOTIVE MOTORCYCLES
SOURCE: Technavio Research
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PUB: 10/25/2019 02:00 PM/DISC: 10/25/2019 02:01 PM