LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global motorcycle hill hold control system market to grow at a CAGR of close to 25% over the forecast period, according to their latest report.
The research study by Technavio on the global motorcycle hill hold control system (HHCS) market for 2017-2021 provides a detailed industry analysis based on key geographies, including the Americas, APAC, and EMEA. The Americas are the dominant market in the global motorcycle HHCS market with a market share of around 50% in 2016. The high adoption by the Americas is attributed to the high penetration of heavyweight motorcycles.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio analysts highlight the following three factors that are contributing to the growth of the global motorcycle hill hold control system market:
- Increasing implementation of ADAS in motorcycles
- Growing adoption of safety systems due to sudden braking and need for safety
- Rise in growth of touring heavyweight motorcycles segment
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Increasing implementation of ADAS in motorcycles
Hill hold control systems are currently offered as a standard fitment in various advanced driver assistance systems (ADAS). The technological advances and expansion of ADAS ecology are encouraging its adoption in all vehicles, which will directly impact the adoption of HHCS. ADAS is widely preferred by the four-wheeler segment and is slowly gaining traction in the motorcycle segment owing to the greater risks faced by motorcycle riders on the road.
“Many big markets such as Europe and India are expected to introduce a legislation push for anti-braking systems, which will push the adoption of hill hold control systems in motorcycles. Hence, the adoption of anti-braking systems will be a crucial driver for the hill hold control systems market,” says Amey Vikram, a lead analyst at Technavio for automotive electronics research.
Growing adoption of safety systems due to sudden braking and need for safety
Motorcycles are relatively less stable than three-wheeled or four-wheeled automobiles, making them more prone to safety issues. The stability issues trigger the need for devices such as anti-braking system (ABS) and traction control system (TCS) that will allow the rider to remain stable during such events.
Safety systems, like ABS and TCS, prevent skidding of wheels by constantly comparing the individual wheel speeds with speeds that are predicted by the system. The growing adoption of ABS and TCS due to regulatory measures can increase the market penetration of HHCS. For instance, Ducati's heavyweight motorcycles have HHCS as standard fitment, and the company is enhancing the technology in this segment.
Rise in growth of touring heavyweight motorcycles segment
The increasing adoption of HHCS in touring motorcycles is a key factor boosting the market growth since ADAS technologies are becoming a standard fitment in the touring motorcycle segment. For instance, all touring motorcycles of Harley-Davidson have been equipped with ABS since 2008, and all BMW Motorrad motorcycles have been equipped with TCS since 2012.
“Touring motorcycles have a high penetration in regions like North America and Europe. The high penetration of touring motorcycles will push the demand for hill hold control systems in these regions during the forecast period,” says Amey.
Browse Related Reports:
- Global Automotive Passive Safety System Market 2017-2021
- Global Motorcycle Rear and Front Wheels Lift-up Control Market 2017-2021
- Global Automotive Electronic Brake Force Distribution (EBD) System Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.