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Market research analysts at Technavio predict that the global motorcycle rear and front wheels lift-up control market will grow at a CAGR of more than 11% by 2021. The rising sales of ultra-luxury motorcycles is identified as one of the primary growth factors for this market. Currently, the rear and front wheels lift-up protection control are increasingly adopted in the ultra-luxury and sports motorcycle segments due to the increased costs associated with the technology. Moreover, this segment is not price-sensitive and this factor drives more advancements in safety systems such as traction control system (TCS) and anti-lock braking system (ABS). Manufacturers such as BMW, Triumph, Ducati, Kawasaki, Yamaha, and MV Agusta have already incorporated TCS in their premium segment motorcycle variants. Honda and Suzuki are also adding TCS in their vehicle variants and BMW has made TCS a standard fitment for all its models. The demand for ultra-luxury motorcycles with TCS and ABS is increasing in the global market due to the rise in touring activities and the level of safety offered by these vehicles.
The development of advanced safety systems is identified as one of the key trends that will contribute to the growth of this market in the coming years. The rising importance for safety while riding has resulted in an increased adoption of ABS and TCS in the motorcycle segment. Electronic stability control (ESC) is also gaining acceptance as it provides increased stability to the motorcycles while leaning. A combination of these safety systems improves braking in motorcycles. ESC is an evolved version of the traction control system and a motorcycle with TCS can be fitted with ESC as well. The adoption of TCS will be driven by the growing requirement of stability for motorcycles. Bosch has introduced an advanced ABS that derives the input from functions such as acceleration, deceleration, yaw, roll, pitch, and wheel speed to boost safety in heavyweight motorcycles. Several aftermarket players have also developed TCS in the plug-and-play format enabling the rider to simplify the installation process of such systems.
The motorcycle rear and front wheels lift-up control market consists of few manufacturers and is characterized by rapid technological innovations. Investments in the development of innovative designs based on size and weight will continue during the forecast period in the motorcycle wheels lift-up control market. The entry of new OEMs in this marketspace will increase the level of competition among the existing players.
The leading vendors in the market are -
The other prominent vendors in the market are Yamaha, Aprilia, Ducati Motor Holding, Gubellini (GRIPONE), BMW Motorrad, Bazzaz, and MV Agusta.
During 2016, the OEMs segment accounted for the major shares of the motorcycle rear and front wheels lift-up control market. The growth of the ultra-luxury motorcycles market in the developed and developing markets such as India and China is a major factor driving the adoption of motorcycle wheels lift-up control systems through OEMs.
This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the motorcycle rear and front wheels lift-up control market throughout the forecast period. The rising demand for heavyweight motorcycles and the increasing adoption of motorcycle rear and front wheels lift-up control systems in super-sport motorcycles, will be major factors driving the growth of motorcycle wheels lift-up control market in this region.
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A rear wheel lift-off protection (RLP) system is a technology which works in conjunction with the ABS unit and the gyro-sensor to regulate the braking force when the bike’s rear end is likely to lift off during emergency braking. It is mostly pre-installed in a superbike, but can also be fitted later into any bike externally. This upcoming market research report on the global motorcycle rear and front wheel lift-up control sensor market is an essential part of Technavio’s automotive industry and offers insights into the automotive electronics sector. The upcoming market research report on the global motorcycle rear and front wheel lift-up control sensor market also covers vendors like ZF TRW, Bosch, and Continental Automotive.
Market research analysts at Technavio conduct an extensive qualitative and quantitative research to develop a complete overview of the market by considering factors such as market drivers, total market size, and growth potential of the market to offer the clients insights into the latest developments in the market. This market study also offers a complete analysis of the automotive electronics sector by gathering information from expert opinions, research journals, and consumer survey.
This market research report on the global motorcycle rear and front wheel lift-up control sensor market also takes into account the growth of related markets like the global motorcycle brake by wire (BBW) system market and global motorcycle immobilizer market, which are anticipated to grow at a CAGR of nearly 45% and 8%, respectively, by 2021. Superbikes and also some high-end bike are capable of riding at high speeds, which increases the risk of the rear and front wheel lift-up. For the same reason research analysts at Technavio predict that the added demand for safety and performance improvement could spur the growth of this market. This report on the global motorcycle rear and front wheel lift-up control sensor market also covers geographies like the APAC, EMEA, and the Americas.
The upcoming research report on the global motorcycle rear and front wheel lift-up control sensor market also covers key business intelligence areas such as market growth rate, emerging trends, competitive landscape, and the opportunities and challenges faced by the industry in the automotive electronics market. Apart from this, it also covers related sectors of the automotive electronics industry like automotive services, automotive components, and auto accessories.
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 end-users
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
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