Motorcycle Instrument Cluster Market Size to Grow Over 3 Million Units amid Pandemic | 93% Growth to Originate from APAC | Technavio

LONDON–(BUSINESS WIRE)–#GlobalMotorcycleInstrumentClusterMarket–Technavio has been monitoring the motorcycle instrument cluster market and it is poised to grow by 3.14 million units during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the motorcycle instrument cluster market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by type, which is the leading segment in the market?
  The hybrid segment led the market in 2019.
  
• What are the major trends in the market?
  The adoption of infotainment systems and multi-information displays in motorcycles is the major trend in the market.
  
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of almost 2% during 2020-2024.
  
• Who are the top players in the market?
  Continental AG, Dakota Digital Inc., JPM Group, KKR & Co. Inc., Marelli Holdings Co. Ltd., Nippon Seiki Co. Ltd., Pricol Ltd., Robert Bosch GmbH, Texas Instruments Inc., and Visteon Corp. are the top players in the market.
  
• What are the key market drivers and challenges?
  The market is driven by the declining prices of LCD/TFT displays. However, the low popularity of motorcycle instrument cluster among motorcycle enthusiasts might hamper growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Continental AG, Dakota Digital Inc., JPM Group, KKR & Co. Inc., Marelli Holdings Co. Ltd., Nippon Seiki Co. Ltd., Pricol Ltd., Robert Bosch GmbH, Texas Instruments Inc., and Visteon Corp. are some of the major market participants. Although the declining prices of LCD/TFT display will offer immense growth opportunities, the low popularity of motorcycle instrument cluster among motorcycle enthusiasts is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this motorcycle instrument cluster market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Motorcycle Instrument Cluster Market 2020-2024: Segmentation

Motorcycle Instrument Cluster Market is segmented as below:

• Type
  • Hybrid
  • Analog
  • Digital
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • MEA

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Motorcycle Instrument Cluster Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The motorcycle instrument cluster market report covers the following areas:

• Motorcycle Instrument Cluster Market Size
• Motorcycle Instrument Cluster Market Trends
• Motorcycle Instrument Cluster Market Industry Analysis

This study identifies the adoption of the infotainment system and the multi-information display in motorcycles as one of the prime reasons driving the Motorcycle Instrument Cluster Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio�s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Motorcycle Instrument Cluster Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist motorcycle instrument cluster market growth during the next five years
• Estimation of the motorcycle instrument cluster market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the motorcycle instrument cluster market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of motorcycle instrument cluster market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Hybrid – Market size and forecast 2019-2024
• Analog – Market size and forecast 2019-2024
• Digital – Market size and forecast 2019-2024
• Market opportunity by Type

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC – Market size and forecast 2019-2024
• North America – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Continental AG
• Dakota Digital Inc.
• JPM Group
• KKR & Co. Inc.
• Marelli Holdings Co. Ltd.
• Nippon Seiki Co. Ltd.
• Pricol Ltd.
• Robert Bosch GmbH
• Texas Instruments Inc.
• Visteon Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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