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The motorcycle transmission control unit (TCU) market is estimated to grow at a CAGR of 32.4% between 2022 and 2027. The size of the market is forecast to increase by USD 309.87 million. The growth of the market depends on several factors, including increasing demand for fuel-efficient motorcycles, growing disposable income, and a rise in long-distance traveling on motorcycles.
This report extensively covers market segmentation by application (single clutch transmission and dual clutch transmission), end-user (mid-premium motorcycles, commuter motorcycles, and premium motorcycles), and geography (Europe, North America, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The report categorize the global motorcycle transmission control unit market as a part of the global automotive components and accessories market within the global auto components market. The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The rise in long-distance traveling on motorcycles is notably driving the market growth, although factors such as the increasing complexity of TCUs used in motorcycles may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Motorcycle Transmission Control Unit Market Driver
The rise in long-distance traveling on motorcycles is notably driving market growth. The rise in the number of motorcycle touring groups across the globe is increasing the demand for touring motorcycles. Such factors have resulted in the launch of touring motorcycles. For instance, Ducati Motor Holdings launched Ducati Multistrada 1260 Enduro in India in July 2019. Similarly, Yamaha Motor Co. Ltd. (Yamaha Motor) unveiled the Star Venture cruiser motorcycle in the US in March 2019.
Most touring segment motorcycles are equipped with automatic or semi-automatic transmission systems. For instance, Honda is incorporating DCT technology in its motorcycle models. Thus, the heavyweight touring segment motorcycles are expected to account for the highest adoption of automatic and semi-automatic transmissions during the forecast period. This is due to the increase in consumer focus on the comfort level and riding safety of these motorcycles during long-distance traveling.
Significant Motorcycle Transmission Control Unit Market Trend
The use of TCUs in connected motorcycles is the key trend in the market. The revolution of connected technology has come to motorcycles. In association with Honda and Yamaha, BMW AG founded Connected Motorcycle Consortium (CMC) in 2016. For future connected transport systems, they developed a prototype that demonstrated the inter-vehicle technology developed to integrate two-wheelers.
OEMs are developing new technologies to make riding more pleasurable, thus attracting a new generation of millennial riders. For instance, BMW AG offers R1200RS ConnectedRide systems, which are equipped with various systems that are designed to inform the riders and other road users about each other presence; thus, it can prevent the possibility of accidents. This, in turn, will drive the global motorcycle transmission control unit (TCU) market during the forecast period.
Major Motorcycle Transmission Control Unit Market Challenge
The increasing complexity of TCUs used in motorcycles is the major challenge impeding market growth. The rise in the application of automatic and semi-automatic transmission has increased complexities related to its controlling components, such as TCUs. Also, the difference in riding conditions of most modern motorcycles creates a need for different control settings for each type of motorcycle, which increases the complexities related to installation.
The automatic and semi-automatic transmission consists of many components, and all these advanced components increase the sophistication and complexity of the vehicle for end-users. It becomes tedious for OEMs to integrate these components together and make the system functional. In addition, the service centers and workshops need highly skilled mechanics to work and troubleshoot issues with these advanced transmission systems. This has made the whole system highly complex, thereby posing challenges to market growth during the forecast period.
Key Motorcycle Transmission Control Unit Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Motorcycle Transmission Control Unit Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Vitesco Technologies Group AG - The company operates under one segment. The company offers components and system solutions for the powertrain of hybrid, electric vehicles and combustion engine-based vehicles. The company offers motorcycle transmission control unit such as EG1298, EG1299, and others.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the single clutch segment will be significant during the forecast period. The single-clutch transmission segment includes ICE-powered motorcycles that are equipped with single-clutch semi-automatic transmission systems. These motorcycles are generally equipped with centrifugal clutches that eliminate the requirement for pulling the clutch lever to shift gears. These transmission systems are also called clutch-less transmission systems. In addition, these systems replace traditional footgear levers with switches placed on the handlebar. The rider can change gears with the aid of these switches, which provides smooth gear shifts. With wider acceptance, the companies are extending this technology to their other models, such as K 1300S, R1200RT, and R1200GS. Such factors will support the market growth during the forecast period.
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The single clutch segment was valued at USD 52.21 million in 2017 and continued to grow until 2021. Motorcycle manufacturers such as TVS Motor Co. (TVS Motor) that manufacture for the mass segment are concentrating on the single-clutch semi-automatic transmission system. Such developments related to transmission systems from motorcycle manufacturers are estimated to fuel the demand for motorcycle TCUs in the single-clutch transmission segment.
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Europe is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Rapid growth in urbanization with economic stability and growing adoption of advanced technologies for motorcycles, and the presence of global and local vendors are the major factors that are contributing to the growth of the motorcycle TCU market in Europe. Motorcycle manufacturers, such as BMW AG, Honda Motor Co. Ltd., among others, have a major presence in the region. The preference for premium motorcycles has increased significantly among people in European countries. This is driving the growth of the motorcycle TCU market in Europe.
In Europe, Euro 5, the fifth set of European standards for motorcycles, mainly aims to reduce air pollutants produced by motorcycles. To comply with the Euro 5 regulation for emission control, motorcycle manufacturers mainly focus on developing advanced vehicles with various advanced components, such as TCUs. The growing need for complying with stringent regulations is increasing the penetration of TCU in the motorcycle manufacturing industry. This is fueling the growth of the motorcycle TCU market in Europe.
The market witnessed a decline in growth in 2020 owing to the outbreak of the COVID-19 pandemic. To contain the spread of the deadly disease, governments across the region imposed nationwide lockdowns. Besides other sectors, motorcycle manufacturing was negatively impacted; the decline in motorcycle production led to a decline in the demand for TCUs also. However, the efforts of governments in the region to revive industrial growth gave impetus to the sales and production of motorcycles in Europe from 2022 onwards. This will fuel the demand for motorcycle TCUs in the region during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Motorcycle Transmission Control Unit Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 32.4% |
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Market growth 2023-2027 |
USD 309.87 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
24.82 |
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Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 36% |
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Key countries |
US, Japan, Germany, Italy, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Biperformance Development Corp., BMW AG, Continental AG, Endurance Technologies Ltd., Hitachi Ltd., Honda Motor Co. Ltd., Infineon Technologies AG, Kalyani Group, Microchip Technology Inc., Mitsuba Corp., Mitsubishi Electric Corp., Napino Auto and Electronics Ltd., NXP Semiconductors NV, Ricardo Plc, Robert Bosch GmbH, SEDEMAC Mechatronics Pvt. Ltd., Vitesco Technologies Group AG, ZF Friedrichshafen AG, ABB Ltd., and Toyota Motor Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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