Overview of the global CVT market for two-wheelers
The global CVT market for two-wheelers is anticipated to grow at a CAGR of close to 11% during the forecast period. Factors such as the growing traffic congestion on roads across the globe will drive the growth prospects for the global CVT market for two-wheelers during the forecast period. In countries, such as India, China, Indonesia, Thailand, Vietnam, and Malaysia, the challenge of increased traffic congestion on roads is an inescapable condition. Various factors such as the rapid urbanization, an increase in the number of vehicles, and the rise in the household income result in an increase in traffic congestion. Also, the increasing traffic affects the business sectors by increasing the travel time and lowering the rate of mobility. In addition, traffic congestion leads to increased air pollution due to the emission of harmful gasses such as mono-nitrogen oxides (NOx). These factors compel the consumers to shift from four-wheelers to two-wheelers as it improves personal mobility, reduces travel time, and decreases traffic congestion. Consequently, most consumers are increasingly adopting CVT-equipped vehicles instead of gear equipped vehicles, which provides enhanced personal mobility and better riding quality.
The increasing popularity of moto scooters will propel the growth prospects for the global CVT market until the end of 2020. In general, the moto scooters have the attributes of both scooters as well as motorcycles. For instance, Navi is a moto scooter that is comparatively light in weight, has an improved power-to-weight ratio, contemporary appearance, and the price is much lower than its peers. Such advanced features of the moto scooters in the market will boost its demand among the consumers.
Competitive landscape and key vendors
The market is highly competitive due to the presence of well-established players who are constantly striving to capture maximum market shares. As the popularity of CVTs equipped in two-wheelers is growing among the consumers, many players are entering this segment. Furthermore, the international players are expected to grow inorganically during the forecast period through mergers and takeovers by acquiring regional or local players. In addition, the market vendors are focusing on distinguishing their products and services either through product differentiation or through cost differentiation or a mix of both the strategies to gain a sustainable competitive advantage.
Key vendors in this market are -
Other prominent vendors in the market include Suzuki and Hero.
Segmentation by cubic capacity and analysis of the CVT market for two-wheelers
The mid-capacity segment of the market accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. Since a wide range of CVT vehicles are available in the mid-capacity segment with cubic capacity ranging between 100 ccs to 200 ccs, the global CVT market for two-wheelers is predominantly occupied by this segment.
Segmentation by geography and analysis of the CVT market for two-wheelers
In terms of geography, APAC accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. Since various countries in APAC, such as India, China, Indonesia, Vietnam, Thailand, and Malaysia, exhibit a high adoption rate for CVTs equipped two-wheelers in the region, the market in this region will experience continuous growth over the next few years.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global continuously variable transmission (CVT) market for two-wheelers?
What are the key market trends impacting the growth of the global continuously variable transmission (CVT) market for two-wheelers?
What are the challenges to market growth?
Who are the key vendors in the global continuously variable transmission (CVT) market for two-wheelers?
What are the market opportunities and threats faced by the vendors in the global continuously variable transmission (CVT) market for two-wheelers?
What are the 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 continuously variable transmission (CVT) market for two-wheelers?
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