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The motorcycle navigation system market share is expected to increase by USD 78.38 million from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.53%. This motorcycle navigation system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The motorcycle navigation system market report also offers information on several market vendors, including BMW Group, Garmin Ltd., MiTAC Holdings Corp., Polaris Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SW-MOTECH GmbH and Co. KG, and TomTom International BV among others. Furthermore, this report extensively covers market segmentation by end-user (aftermarket and OEM) and geography (Europe, North America, APAC, MEA, and South America).
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The distraction of using smartphones while riding is notably driving the motorcycle navigation system market growth, although factors such as the expensive motorcycle navigation system technology may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the motorcycle navigation system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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This motorcycle navigation system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the motorcycle navigation system market encompasses successful business strategies deployed by the key vendors. The motorcycle navigation system market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The motorcycle navigation system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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47% of the market's growth will originate from Europe during the forecast period. UK, Germany, Italy, and France are the key markets for motorcycle navigation system market in Europe. Market growth in this region will be faster than the growth of the market in MEA and South American regions.
The high market adoption rate and presence of leading automotive OEMs such as BMW Motorrad will facilitate the motorcycle navigation system market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The motorcycle navigation system market share growth by the aftermarket segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the motorcycle navigation system market size and actionable market insights on post COVID-19 impact on each segment.
Motorcycle Navigation System Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.53% |
Market growth 2021-2025 |
$ 78.38 million |
Market structure |
Concentrated |
YoY growth (%) |
2.97 |
Regional analysis |
Europe, North America, APAC, MEA, and South America |
Performing market contribution |
Europe at 47% |
Key consumer countries |
US, UK, Germany, Italy, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Companies profiled |
BMW Group, Garmin Ltd., MiTAC Holdings Corp., Polaris Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SW-MOTECH GmbH and Co. KG, and TomTom International BV |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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