NEW YORK, Aug. 25, 2023 /PRNewswire/ — The motorcycle instrument cluster market size is set to grow by USD 209.81 million from 2022 to 2027, progressing at a CAGR of 3.23% during the forecast period. Discover Auto Parts & Equipment industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!
The motorcycle instrument cluster market covers the following areas:
Technavio has announced its latest market research report titled Global Motorcycle Instrument Cluster Market
Motorcycle Instrument Cluster Market Sizing
Motorcycle Instrument Cluster Market Forecast
Motorcycle Instrument Cluster Market Analysis
Company Landscape
The motorcycle instrument cluster market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. Some companies that are experts in the process industry are trying to increase their presence and market share by horizontally integrating with system integrators. End-users in discrete industries rely on their experiences from past purchases, based on which they maintain future relationships with companies. This enables global and established RPA companies to dominate local and regional companies in terms of quality, durability, reliability, and technological innovations. Hence, the competition among the companies in the global RPA market is expected to intensify during the forecast period.
Backcountry.com LLC: The company offers motorcycle instrument clusters such as tachometer gauge, multifunction gauge, and one style gauge under its subsidiary called MotoSport LLC
Continental AG: The company offers motorcycle instrument clusters such as 150cc, 500cc, and full LCD instrument clusters.
Dime City Cycles Inc: The company offers motorcycle instrument clusters such as Acewell 4553 black speedo motorcycle gauges.
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Motorcycle Instrument Cluster Market – Market Segmentation
The motorcycle instrument cluster market report extensively covers market segmentation by End-user (automotive, construction and mining, and others), Type (hybrid, digital, and analog), and Geography (APAC, North America, Europe, South America, and the Middle East and Africa).
The automotive segment is expected to have significant growth during the forecast period. The demand for this segment is fuelled by the consistent pursuit of technical advances by the automotive sector and the incorporation of smart technologies into motorcycles. For example, several manufacturers such as Yamaha and BMW Motorrad are dominating the market by producing cutting-edge and user-friendly clusters that provide features including GPS navigation, smartphone connectivity, and advanced diagnostics. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Motorcycle Instrument Cluster Market – Regional Market Outlook
APAC is estimated to account for 70% of the market growth during the forecast period. Some of the main countries which are significantly contributing to the growth of the motorcycle instrument cluster market in the APAC region are China, India, and Japan. Factors such as affordability, convenience, and space-saving advantages are fuelling the demand for instrument clusters in China. Furthermore, there is an increasing preference for commuter and mid-segment motorcycles in countries such as India, China, and Indonesia. Hence, such factors are expected to drive market growth in the region during the forecast period.
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Companies Mentioned
Backcountry.com LLC
Cluster Repairs UK
Comoto Holdings Inc.
Continental AG
Dime City Cycles Inc.
Embien Technologies Pvt. Ltd.
Galaxy Indicators India Pvt. Ltd.
Infineon Technologies AG
JPM Group
Marelli Holdings Co. Ltd.
Minda Corp. Ltd.
MTA Spa
Nippon Seiki Co. Ltd.
Pricol Ltd.
Robert Bosch GmbH
Suprajit Engineering Ltd.
Texas Instruments Inc.
Visteon Corp.
VVDN Technologies
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!
Motorcycle Instrument Cluster Market – Market Dynamics
Key Driver
Economies of scale benefit owing to declining prices of LCD/TFT displays driving the market growth during the forecast period. There is a growing concern regarding the hardware costs across OEMs in the two-wheeler and automotive industries. The increase in popularity of technology in consumer electronics leads to an increase in its volume resulting in price reduction and benefits from related industries. As a result, it enables OEMs to employ new technology cost-effectively. For instance, the cost of LCD panels has declined due to an increase in smartphones, resulting in overall cost reduction in human-machine interface (HMI) systems. Hence, such factors are expected to drive market growth during the forecast period.
Major Trend
Multilayer displays enabling further developments in digital instrument clusters is a primary trend in the market during the forecast period.
Significant Challenge
The unpopularity of instrument clusters among motorcycle enthusiasts is a significant challenge impeding market growth during the forecast period.
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Motorcycle Instrument Cluster Market Scope |
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Report Coverage |
Details |
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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 3.23% |
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Market growth 2023-2027 |
USD 209.81 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.05 |
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Regional analysis |
APAC, North America, Europe, South America, and |
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Performing market contribution |
APAC at 70% |
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Key countries |
US, Canada, China, India, and Indonesia |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, |
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Key companies profiled |
Backcountry.com LLC, Cluster Repairs UK, Comoto |
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Market dynamics |
Parent market analysis, Market growth inducers and |
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Customization purview |
If our report has not included the data that you are |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Historic Market Size
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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