Motorcycle Instrument Cluster Market | Leading Segments, Trends, Drivers and Challenges
Continental AG, Dakota Digital Inc., KKR & Co. Inc., Marelli Holdings Co. Ltd., Nippon Seiki Co. Ltd., Pricol Ltd., Robert Bosch GmbH, and Texas Instruments Inc. are some of the key vendors
Global motorcycle instrument cluster market is likely to post an incremental growth of 3.14 million units, accelerating at a CAGR of 1.75% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.
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Motorcycle Instrument Cluster Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Type (hybrid, analog, and digital) and Geography (APAC, North America, Europe, South America, and MEA).
- The demand for hybrid instrument clusters in motorcycles is expected to accelerate owing to the wider use of this cluster by motorcycle OEMs for product differentiation across several motorcycle variants in the highly competitive market.
- 93% of the market growth will originate from APAC during the forecast period. India, China, Indonesia, Thailand, and Taiwan are the key markets for motorcycle instrument clusters in the region owing to the rising use of motorcycles for personal transport and the increasing demand for heavyweight motorcycles. However, market growth in this region will be slower than the growth of the market in MEA.
- This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Motorcycle Instrument Cluster Market size.
Motorcycle Instrument Cluster Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Declining prices of LCD/TFT display will be a significant factor in driving the growth of the Motorcycle Instrument Cluster Market as the OEMs can easily introduce the same in the mass market in developed regions such as the Americas and Europe.
- Increasing congestion and overcrowding in cities driving motorcycle sales will be instrumental in driving the market growth during the forecast period as motorcycles appear to be an affordable and convenient alternative for the daily commute in developing economies.
- An increase in the household income levels in the industrialized regions of APAC, along with government initiatives, have spurred the sales of motorcycles through various initiatives aimed at reducing environmental pollution.
- Unpopularity among motorcycle enthusiasts is a hurdle that needs to be crossed on the path to success.
Motorcycle Instrument Cluster Market: Vendor Analysis
- The market is fragmented.
- Continental AG, Dakota Digital Inc., JPM Group, KKR & Co. Inc., Marelli Holdings Co. Ltd., Nippon Seiki Co. Ltd., Pricol Ltd., Robert Bosch GmbH, Texas Instruments Inc., and Visteon Corp. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Motorcycle Instrument Cluster Market Split by Type
- Motorcycle Instrument Cluster Market Split by Geography
- APAC
- North America
- Europe
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Continental AG
- Dakota Digital Inc.
- JPM Group
- KKR & Co. Inc.
- Marelli Holdings Co. Ltd.
- Nippon Seiki Co. Ltd.
- Pricol Ltd.
- Robert Bosch GmbH
- Texas Instruments Inc.
- Visteon Corp.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 1.75%.
- What is the incremental growth of the market?
The market is expected to grow by 3.14 mn units through 2020-2024.
- What is a key factor driving this market?
declining prices of LCD/TFT display will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
93% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Continental AG, Dakota Digital Inc., JPM Group, KKR & Co. Inc., Marelli Holdings Co. Ltd., Nippon Seiki Co. Ltd., Pricol Ltd., Robert Bosch GmbH, Texas Instruments Inc., and Visteon Corp.
- What are the market segments covered in this report?
The market is segmented by Type (hybrid, analog, and digital) and Geography (APAC, North America, Europe, South America, and MEA)
