LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global motorcycle clutch market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Praveen Kumar, a lead analyst from Technavio, specializing in research on automotive components sector, says, “APAC is expected to dominate the global motorcycle clutch market during the forecast period due to the high use of a commuter motorcycle, where the manual transmission clutch is used, and low adoption of the ultra-luxury motorcycle, as the consumers in this region are price sensitive.”
The Americas, which is the second highest contributor to the global motorcycle clutch market, held 14% of the sales volume in 2016. When compared to APAC, the Americas and EMEA have higher sales of the heavyweight motorcycle, where the use of semi-automatic transmission like the dual clutch transmission is more.
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The top three emerging trends driving the global motorcycle clutch market according to Technavio research analysts are:
Growing trike motorcycle market
The market size of global trike vehicles is estimated to be 143,330 units. North America is currently the largest market for trike and will have an attractive growth rate. This region holds the highest popularity for the trikes because of existing cross-country touring.
“The key customers of trike motorcycles are older population. Countries such as Japan, the Netherlands, France, and other western European countries hold a favorable demographics of the older population, but the popularity of trikes is low in these countries,” according to Praveen.
Development of hybrid motorcycle with semi-automatic transmission
The high-performance electric motorcycles saw the adoption of the direct drive from 2013, and this led to the adoption of the automatic transmission in these vehicles. However, riders lost the experience of motorcycle riding as shifting gear is one of the differentiators. In addition, electric motorcycles are bound by mile range, which is creating a barrier for their adoption.
The patent filed by Suzuki described a hybrid powertrain, consisting of inline-four ICE engine and an electric motor. The electric motor is capable of powering both hybrid and fully electric mode, and the control of the same can be done with a switch mounted on the handlebar.
Shifting toward Asia by premium bike manufacturers
According to UN Economic and Social Commission for Asia and Pacific (ESCAP) reports, APAC has a much higher proportion of the young population as compared with EU and the US. The youth in APAC comprises 60% of the world’s young population aged between 15 and 24.
In addition, the availability of cheap skilled and unskilled labor, access to raw materials, transportation facilities, and closeness to port areas for export-oriented manufacturing are some of the main reasons impacting foreign direct investment.
The key vendors are as follows:
- Schaeffler Group
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