Global Two-wheeler Stability Control Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 5.01 % from 2019 to 2027, reaching nearly US$ XX Bn.
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The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Two-wheeler Stability Control Market: Market Overview
The two-wheeler stability system is a technology which helps stabilize the two-wheeler while cornering or turning and also prevents from skidding sideways. This system is also known as anti-skid control system. This system delivers assistance by continuously monitoring a comprehensive set of major vehicle data which includes lean angle, torque, and acceleration to detect the undesirable situation while riding. It also improves the overall riding stability and braking performance.
Global Two-wheeler Stability Control Market: Market Dynamics
Rising preference towards motorcycle among consumers due to fuel efficiency and can drive on narrow roads. A significant growth of two-wheeler segment of automotive sector influences the growth of the market. Many automakers are investing a large amount of their revenue in their research and development to provide more comfortable and electronic vehicle to their customers. Rising number of accident of two-wheelers and stringent standards enacted by regulating bodies on two wheelers manufacturers to equip the vehicles with safety system propel the growth of the market. In addition, rising awareness about vehicle safety and adoption of advanced safety system such as stability control are major factors which influence the growth of the market in near future.
High cost of the components of two-wheeler stability control system is likely to hamper the market. The impact of pandemic COVID-19 on world economy, also affect the automobile sector, the disruption in the product supply chain create problems for manufacturers which also hinder the growth of the market during the forecast period. The people of undeveloped countries are not spending money on safety purpose which are the major factor which hinder the growth of the global two-wheeler stability control market.
Global Two-wheeler Stability Control Market: Market Segmentation
Rise in the adoption of electronic vehicles across the globe owing to increasing awareness about environmental pollution and emission of hazardous gases such as carbon-di-oxide from vehicle. In result the electronic stability control segment is projected to have the highest growth rate during the forecast period. The rising preference of motorcycle among the customers due to its advantages such as more fuel-efficient, powerful; the motorcycle segment of vehicle type is expected to grow with the highest CAGR of xx% during the forecast period. OEMs segment of sales channel holds the major shares of two-wheeler stability control market as most of the OEMs are focusing on adoption of advanced technology for providing more comfort and luxury vehicles to their customers.
Global Two-wheeler Stability Control Market: Regional Analysis
North America is dominating the global two-wheeler stability control system market due to rising adoption of new technology in automotive industry. Increasing disposable income and spending power of people of this region is fueling the growth of the market over the forecast period. The rising the number of electric vehicles on road and initiative taken by government for the adoption of electric vehicle for lowering the rate of emission of CO2 in this region. In terms of sales, Asia Pacific is leading the market for two-wheeler stability control.
The higher the demand of two-wheeler stability control in emerging nations of Europe such as France, Germany, and Italy drive the market. Increase in the spending capacity of people and rising demand of the new-age vehicles are the major factors which fuel the growth of the Two-wheeler Stability Control market in near future. In terms of share North America is expected to hold its position over the forecast period. Asia Pacific is likely to grow in the coming years due to adoption of advanced technology by the manufacturers of emerging nations such as India, China, and Indonesia.
The objective of the report is to present a comprehensive analysis of the Global Two-wheeler Stability Control Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Two-wheeler Stability Control Market dynamics, structure by analysing the market segments and projects the Global Two-wheeler Stability Control Market size. Clear representation of competitive analysis of key players by Sales Channel, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Two-wheeler Stability Control Market make the report investor’s guide.
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Scope of the Global Two-wheeler Stability Control Market: Inquire before buying
Global Two-wheeler Stability Control Market, by Type
• Conventional Stability Control System
• Electronic Stability Control System
Global Two-wheeler Stability Control Market, by Vehicle type
Global Two-wheeler Stability Control Market, by Sales Channel
Global Two-wheeler Stability Control Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Two-wheeler Stability Control Market, Key Players
• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• TRW Automotive Holdings
• Delphi Automotive
• Knorr-Bremse AG
• Johnson Electric
• IAV Engineering
• Nissin Kogyo
• ZF Friedrichshafen
• Murata Manufacturing Co., Ltd.
• Hitachi Automotive Systems Ltd.
• Autoliv Inc.
• Toyoda Gosei Co. Ltd
• WABCO Holdings Inc.
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