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Market research analysts at Technavio predict that the global two-wheeler throttle by wire (TBW) system market will grow steadily over the next four years and in terms of units, will post a CAGR of more than 7% by 2021. This market research analysis identifies the increase in number of motorcycle touring communities and events as one of the key growth factors for the global two-wheeler throttle by wire (TBW) system market. In the recent years, motorcyclists are organizing motorcycle touring activities to retain their enthusiasm of riding. Moreover, hosting touring activities involve traveling for long distances while consecutively en-routing and organizing camps. Traveling may also be limited to days and can further go on for months ahead. The long-distance preplanned journey will also contribute in the growth of the two-wheeler TBW market over the years. Some of the prominent long-distance touring communities include German Globetrotter Club with a presence in 23 countries and Harley Owners Group (HOG).
In addition to the rapid increase in motorcycle touring communities, the rising penetration of fuel injected low-powered motorcycles in emerging economies will also stimulate the growth of the market. The consumers in the emerging economies increasingly prefer commuting bikes that deliver robust fuel-efficiency. To target the price-sensitive consumers, the vendors in the emerging economies are manufacturing low-cost fuel injection system at affordable price ranges for daily commuting. One of the major manufacturer DENSO, already offers fuel-injection systems for motorcycles having low-engine capacity.
The two-wheeler TBW system market is characterized by the presence of well-established players. To cater to the growing demands for the consumers, the vendors are investing heavily in research and development. To retain their existing position in the electronic throttle control market, the vendors are competing based on various factors such as availability, pricing, quality, and consumer relationship. Moreover, the vendors are also engaging in robust technical innovations to retain their respective market shares.
The leading vendors in the market are –
The other prominent vendors in the market are Hitachi, Curtiss Wright, HELLA, Magneti Marelli, and Visteon.
During 2016, the full-size segment dominated the TBW system market. The growth of the electronic throttle control market in this segment attributes to an increase in the number of motorcycle events and motorcycle tourer communities. The growing popularity of cruising allows consumers to prefer high-end luxury bikes that deliver superior torque without comprising the RPM rates. The robust stability and convenience associated with the bikes will further fuel the growth of the market segment, which in turn, will spur the growth of the two-wheeler TBW market over the next few years.
Europe accounted for the major share of the two-wheeler TBW system market during 2016. The presence of numerous bike manufacturing plants in the region and a substantial increase in the sale of sports and tourer motorcycles, will be the major factors fueling the market’s growth in this region. Furthermore, factors such as increasing fuel costs, frequent maintenance for passenger cars, and the rising road congestions, will also drive the growth of the electronic throttle control market in this region.
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A throttle-by-wire (TBW) system helps in achieving the motorcycle propulsion using an electronic throttle. It does not require the physical linkage of cables from the accelerator pedal to the throttle valve of the engine. TBW system replaces the conventional physical connections (like cables and mechanical linkages) with a wire that transmits electronic signals. These advantages of the TWB systems has in fluxed intensive competition among the key vendors in the industry. To provide actionable intelligence alongside the market size of various segments coupled with the breakdown of the market in terms of geographical impact, our industry research experts identify and analyze factors that are expected to prove crucial in the growth of the automotive sector. Additionally, by studying the current market scenario for multiple automotive sectors like automotive components, automotive electronics, and automotive manufacturing, our market research analysts have identified factors that will play an important role in supporting the vendors in market dominance in global and regional markets.
By considering an extensive research approach of quantitative and qualitative data collection methods and covering various factors including the rising demand for a diverse array of products across geographical regions, research analysts at Technavio diagnose the growth prospects of automotive sectors such as automotive services and automotive accessories, which will help clients deliver effective business strategies. Moreover, to confer clients frame new strategies for higher market penetration, our impending research report on two-wheeler throttle by wire system market for the assessment period of 2017 to 2021 offers insights inferred from the data collected from primary and secondary sources.
According to our market research analysts, the improved vehicular throttle response during uphill is one of the important reasons for the growth of the two-wheeler throttle by wire system market. Depending on the road inclination, the TBW system driven by the electronic control unit (ECU), that automatically factors in the gradient to manipulate throttle response, which may be comparatively larger than the created by a normal pedal depression of the same magnitude in level driving conditions. This improvement is expected to increase the adoption rates of TBW systems in the coming years. This impending market research report on two-wheeler throttle by wire system also considers the growth of the similar markets such as off-road high-performance vehicle and high-performance electric motorcycle market in the automotive sector, which are predicted to project a CAGR of around 6% and 45% and during until 2020. With an extensive analysis of the various parameters including the shift in customer preferences and the overall market performance, Technavio presents customized reports that support businesses in identifying new growth prospects.
The upcoming report for two-wheeler throttle by wire system market also identifies the key drivers, upcoming trends, along with the imminent challenges currently experienced by the automotive component sector. In order to offer a holistic view of the future direction of the automotive industry, this market research report offers insights into the dynamically changing competitive landscape along with the products and services offered by prominent vendors and their presence across various multiple geographical regions.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market Landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Tags: drive by wire, throttle control, powertrain, performance parts, automotive industrial growth, automotive market study,
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