Enjoy complimentary customisation on priority with our Enterprise License!
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.
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.
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.
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.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Scope of the report
PART 04: Market research methodology
PART 05: Introduction
PART 06: Market landscape
PART 07: Market segmentation by cubic capacity
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: Explore Technavio
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.