A recent report published by Infinium Global Research on motorcycle adaptive cruise control market provides an in-depth analysis of segments and sub-segments in the global as well as regional motorcycle adaptive cruise control market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional motorcycle adaptive cruise control market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global motorcycle adaptive cruise control market. According to the report, the global motorcycle adaptive cruise control market is projected to grow at a CAGR of 9.46% over the forecast period of 2019-2025.
Market Insight
The motorcycle and motorcycle component market is a niche market due to concentrated customers. The motorcycle components are evolving owing to diverse requirements from the customers. The advancements in technology have developed innovative motorcycle components to assist the rider. The motorcycle adaptive cruise control system is one of the advanced components installed in motorcycles to provide riders comfort and safety on highways. The motorcycle adaptive cruise control market is relatively new and fragmented in nature. The number of market players competes with each other to maintain their share in the market. The key players in the market including MCCruise, Rostra Precision Controls, Inc., Murph's Kits and others are focusing on integrating artificial intelligence and the internet of things in the system to provide more comfort to the riders while riding in traffic.
The rise in the sale of touring bikes is the major factor driving the motorcycle adaptive cruise control market. Among the types of motorcycles, the sale of touring motorcycles has increased in the past few years owing to improved road connectivity and growing outdoor activities such as road trips and hiking. Moreover, the growing demand for luxury and ultra-luxury motorcycles is expected to boost the motorcycle adaptive cruise control market. The rise in disposable income and improving the lifestyle of the people has improved the demand for luxury and ultra-luxury motorcycles. Furthermore, the stringent speed limits regulations are further propelling the motorcycle adaptive cruise control market. However, the higher cost of the integration of the system is the major factor hampering the growth of the motorcycle adaptive cruise control market. Additionally, increasing awareness regarding rider comfort is expected to provide opportunities for the motorcycle adaptive cruise control suppliers in the future.
In terms of region, the motorcycle adaptive cruise control market in North-America generates the highest revenue. The motorcycle adaptive cruise control market in this region holds a large amount of share of the global market. The domination of the North-America region in the motorcycle adaptive cruise control market attributes to the increase in demand for ultra-luxury motorcycles due to high disposable income and better road infrastructure. Moreover, the presence of the key market players in the region is expected to boost the growth of the motorcycle adaptive cruise control market in North-America.
Segment Covered
The report on global motorcycle adaptive cruise control market covers segments such as type motorcycle, and application. On the basis of type motorcycle, the sub-markets include luxury, and ultra-luxury. On the basis of application, the sub-markets include OEMs, and aftermarket.
Companies Profiled:
The report provides profiles of the companies in the market such as MCCruise, Rostra Precision Controls, Inc., Murph's Kits, Juliano's Interior Products, LLC., Robert Bosch GmbH, and Continental AG.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of motorcycle adaptive cruise control market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
