Motorcycle transmission control unit market size is set to grow by USD 309.87 million from 2022-2027; Growth driven by rising in long-distance traveling on motorcycles – Technavio

NEW YORK, March 13, 2023 /PRNewswire/ — The global motorcycle transmission control unit market size is estimated to grow by USD 309.87 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 32.4% during the forecast period. The market is driven by the rising long-distance traveling on motorcycles. Due to the increasing number of motorcycle touring groups around the world, the demand for touring motorcycles is increasing. In addition, most motorcycles in the touring segment are equipped with automatic or semi-automatic transmission systems. Therefore, heavy-duty motorcycles in the touring segment are expected to have the highest adoption of automatic and semi-automatic transmissions during the forecast period. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

What’s New?

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – buy the report!

Global Motorcycle Transmission Control Unit Market – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on application (single-clutch transmission and dual-clutch transmission), and end-user (mid-premium motorcycles, commuter motorcycles, and premium motorcycles).

• The market growth in the single-clutch transmission segment will be significant during the forecast period. These motorcycles are commonly equipped with centrifugal clutches, eliminating the need to pull the clutch lever to shift gears. These transmission systems are also called clutchless transmission systems. In addition, these systems replace traditional foot shifters with handlebar-mounted switches. With the help of these switches the driver can change gears and a smooth gear change is guaranteed. Such factors will support the growth of the market during the forecast period. 

Geography Overview

By geography, the global motorcycle transmission control unit market is segmented into Europe, North America, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global motorcycle transmission control unit market.

• Europe is estimated to contribute 36% to the growth of the global market during the forecast period. In Europe, Euro 5, Europe’s fifth standard for two-wheelers, is primarily aimed at reducing air pollutants from two-wheelers. In order to meet the Euro 5 emission regulations, motorcycle manufacturers mainly focus on developing advanced vehicles with various advanced components such as TCUs. Due to the increasing need to comply with stringent regulations, TCUs are becoming more prevalent in the motorcycle manufacturing industry. This will drive the growth of the European motorcycle TCU market. 

Insights on the market contribution of various segments including country and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) – Download a Sample Report

Global Motorcycle Transmission Control Unit Market – Market Dynamics

Leading trends influencing the market 

• The use of TCUs in connected motorcycles is the key trend in the market.
• Automakers are developing new technologies to make driving more enjoyable, attracting a new generation of millennial drivers.
• BMW AG offers its R1200RS ConnectedRide system. It is equipped with various systems designed to make drivers and other road users aware of each other’s presence.
• Thus, possible accidents can be prevented. This will drive the global motorcycle transmission control unit (TCU) market during the forecast period. 

Major challenges hindering the market growth

• The increasing complexity of TCUs used in motorcycles is the major challenge impeding the market growth.
• Automatic and semi-automatic transmissions are made up of many components, and all of these advanced components add vehicle sophistication and complexity to the end user.
• It is cumbersome for OEMs to integrate these components with each other to make the system work.
• Additionally, service centers and workshops require highly skilled mechanics to work and troubleshoot these advanced transmission systems. This made the overall system highly complex and challenged the market’s growth during the forecast period. 

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Motorcycle Transmission Control Unit Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the motorcycle transmission control unit market between 2023 and 2027
• Precise estimation of the motorcycle transmission control unit market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the motorcycle transmission control unit market across Europe, North America, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of motorcycle transmission control unit market vendors

Gain instant access to 17,000+ market research reports. 

Technavio’s SUBSCRIPTION platform

Related Reports:

• The transmission sales market is estimated to grow at a CAGR of 6.82% between 2022 and 2027. The size of the market is forecast to increase by USD 6,906.03 million. The developments in cross-border and cross-country pipeline infrastructure are notably driving the market growth, although factors such as increased application in harsh environmental conditions may impede the market growth. 
• The motorcycle diagnostic scan tools market is estimated to grow at a CAGR of 6.5% between 2021 and 2026. The size of the market is forecast to increase by USD 311.98 million. The advantages associated with the use of motorcycle diagnostic scan tools are notably driving the motorcycle diagnostic scan tools market growth, although factors such as the high cost of pc-based workstations may impede the market growth.

Browse through Technavio’s Consumer Discretionary Market Reports and ToC & LoE

Table of contents:

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

SOURCE Technavio

Go to Source