Global Motorcycle Cruise Control Market 2017-2021
Published: Nov 2017 | Pages: 69 | SKU: IRTNTR14401 |
Overview of the global motorcycle cruise control market
According to Technavio’s market research analysis, the rising demand for fuel-efficient motorcycles will be one of the major factors that will have a positive impact on the growth of the global motorcycle cruise control market growth till 2021. With the increasing fuel prices and the need to reduce overall costs, there is a growing demand from the consumers for fuel-efficient motorcycles. This need will fuel the growth of the cruise control market since the adoption of cruise control can significantly reduce the consumption of fuel economy by limiting the amount of fuel the engine accepts and reducing gasoline consumption that is wasted on acceleration and deceleration. Our market research analysts predict that this market will grow at a CAGR of close to 16% by 2021.
Advancements in regulations and infrastructure to combat speed limit violations is one of the key trends that will gain traction in the growth in the forthcoming years. To reduce the mortality rate due to road accidents, several governments across the world are focusing on introducing new regulations. Countries are including strict penalties such as high cash fines, imprisonment, and driving license cancellation to prevent speed limit violations. Moreover, they are using infrastructure including loop detectors, closed-circuit TV cameras, and video image processors to control traffic and detect violations. With advancements in regulations and infrastructure, the adoption of cruise control in motorcycles will increase in the coming years, fueling market growth.
Competitive landscape and key vendors
The motorcycle cruise control market consists of few international and regional players. Since the international players are expanding their presence in major regions, the local vendors are finding it hard to compete with them especially based on factors such as quality, features, safety, and price.
The leading vendors in the market are –
- Motorcycle Cruise Controls
- Rostra
- Murphs’ Kits
- Juliano’s Hot Pod Parts
Segmentation by end-user and analysis of the motorcycle cruise control market
- OEMs
- Aftermarket
During 2016, the aftermarket motorcycle cruise control market segment accounted for the major shares of the motorcycle cruise control market. The high demand for entry-level premium motorcycles, the need for controlling speed, and the preference for fuel-efficient vehicles, will be the major factors contributing to the growth of the aftermarket motorcycle cruise control market segment in the coming years.
Geographical segmentation and analysis of the motorcycle cruise control market
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the motorcycle cruise control market throughout the forecast period. Factors such as the growing demand for touring and cruiser motorcycles and the rise in speed limit violation detections, will drive the need for the adoption of motorcycle cruise control in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global motorcycle cruise control market?
- What are the key market trends impacting the growth of the global motorcycle cruise control market?
- What are the challenges to market growth?
- Who are the key vendors in the global motorcycle cruise control market?
- What are the market opportunities and threats faced by the vendors in the global motorcycle cruise control market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global motorcycle cruise control market?
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Market outline
- Value chain analysis
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by end user
- Global motorcycle cruise control market by end user
- Global motorcycle cruise control market for OEMs
- Global motorcycle cruise control market for aftermarket
PART 07: Geographical Segmentation
- Global motorcycle cruise control market by geography
- Motorcycle cruise control market in Americas
- Motorcycle cruise control market in EMEA
- Motorcycle cruise control market in APAC
PART 08: Key Technical Criteria
PART 09: Key leading countries
PART 10: Decision framework
PART 11: Drivers and challenges
- Market drivers
- Market challenges
PART 12: Market trends
PART 13: Vendor landscape
- Competitive Scenario
PART 14: Key vendor analysis
- Motorcycle Cruise Controls
- Rostra
- Murphs' Kits
- Juliano's Hot Rod Parts
PART 15: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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