Motorcycle Instrument Cluster market – Overview
The motorcycle’s instrument cluster is a very important feature. It is made up of several gauges and indicators that show various aspects of how the motorcycle is operating. Odometers, speedometers, tachometers, and fuel gauges are among the most prevalent parts of a motorcycle instrument cluster.
The motorcycle instrument panel also includes a temperature gauge, battery voltage indications, headlight & turn signal indicators, and other components in addition to indicators and gauges that provide information about speed, distance, and fuel consumption. Historically, motorcycle instrument clusters have consisted of analog gauges and indicators, particularly in underdeveloped nations. However, the use of hybrid and fully digital motorbike instrument clusters has significantly increased in recent years.
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During the projected period, it is anticipated that demand for motorcycle instrument clusters would increase due to the strong expansion in motorcycle manufacturing volumes, particularly in developing nations like China, India, and other nations in Latin America and Africa. Thus, research on the market for motorcycle instrument clusters is crucial to read.
Dynamics
Rising adoption of hybrid and fully digital motorcycle instrument cluster is one of the significant factors that is expected to drive growth of the motorcycle instrument cluster market over the next ten years. Fully digital are based on microelectronics technology and such systems are associated with relatively higher accuracy, and aesthetics, among others.
Connected Motorcycle technology is a newly emerging trend in the global motorcycle instrument cluster market. It enables the driver to connect mobile devices which would enable use of GPS in order to assist in navigation. Furthermore, several additional features are expected to be included in the next generation bikes. Along with this, it is incorporated with additional safety features. These are some of the emerging trends which are expected to be featured in the next generation motorcycle instrument clusters.
Price sensitivity, and the demand for relatively lower-priced commuter motorcycles which compose a significant chunk of the overall motorcycles demand in emerging countries such as India, China, and those in Latin America and Africa regions, is one of the primary restraining factor which may hamper the growth of digital motorcycle instruments.
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Segmentation
The global motorcycle Instrument Clusters market can be segmented on the basis of technology, motorcycle type and sales channel. On the basis of technology, the global motorcycle instrument clusters market is segmented as analog, hybrid and digital. On the basis of motorcycle type, the global motorcycle instruments clusters market can be segmented as mid-premium, premium and commuter motorcycles.
On the basis of sales channel, the global motorcycle instrument clusters market can be segmented into OEM and aftermarket. In terms of technology types, demand for digital instrument panels is expected to witness robust growth over the forecast period.
Regional Overview
Asia Pacific is expected to dominate the global motorcycle instrument clusters market owing to its dominant share in overall global motorcycles production. Moreover, anticipated steady growth in motorcycles production in the region, especially that of commuter motorcycles, is expected to, in turn, drive growth in demand for motorcycle instrument clusters over the forecast period.
North America, followed by Europe also holds a significant share in overall global motorcycles production. Demand for digital motorcycle instrument clusters is relatively higher in North America than that for analog variants. Also, Middle East & Africa and Latin America regions are expected to register steady growth.
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Market Players
- Robert Bosch GmbH
- Nippon Seiki Co., Ltd
- Visteon Corporation
- Continental AG
- Pricol
- Calsonic Kansei Corporation
- MTA S.p.A
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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