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Motorcycle Traction Control Systems Market: Drivers & Trends
Increasing passion of the modern society for riding big capacity motorcycles is increasing day by day and this results in the propelling of traction control system market opportunities around the world. Motorcycle manufacturers are focusing on improving power delivery in low capacity engines, which can cause the slip of rear tire or lift of front tire.
These possibilities spur the need of systems which can control power delivery and provide it at the time of requirement. As many countries have started mandating ABS in motorcycles, it is not too far that motorcycle OEMs will start adding traction control system in the bikes to provide better safety.
Moreover competitiveness is forcing manufacturers to add new features in motorcycles. Two wheelers are more prone to accidents as compared to other vehicles on road, and therefore more safety features should be equipped in two wheelers to prevent it from accidents. This necessity promotes the growth of motorcycle traction control systems market all over the globe.
Motorcycle Traction Control Systems Market: Restraints
Tires can also be improvised to increase the friction between road and vehicle, especially in low power motorcycles, these alternatives limit the use of motorcycle traction control systems. Besides alternatives, traction control system adds extra cost to manufacturers which cannot be overcome in economic motorcycles. Economic motorcycles share a relatively larger share of motorcycle market, and traction control systems are not required in low capacity motor cycles.
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Motorcycle Traction Control Systems Market: Segmentation
Motorcycle traction control system can be segmented on the basis of engine capacity-Low capacity motorcycle under (under 500 CC) and High capacity motor cycles (above 500 CC). High capacity motorcycles have major market share by value.
Motorcycle Traction Control Systems Market: Regional outlook
Motorcycle traction control market of North America is expected to grow steadily when compared to others. Whereas, Europe stands as one among the lucrative markets and expected to show a higher growth. Countries like China, Japan, and Australia have a greater share of traction control system market and are anticipated to be in the growing state in the future also. Developed countries hold majority of high capacity motorcycles market.
Motorcycle Traction Control Systems Market: Market Participants
Some of the examples of the market participants in the motorcycle traction control systems market are Continental AG, Robert Bosch GmbH, BMW Motorrad International, Kawasaki Heavy Industries, Ltd., Piaggio & C. SpA, Nemesis, Ducati Motor Holding S.p.A, GUBELLINI di D. Gubellini & C. s.a.s., MV AGUSTA Motor S.p.A., as well as Yamaha Motor Company among the other participants.
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