A latest report from Absolute Markets Insights covers insights into the global Connected Motorcycle market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Connected Motorcycle market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Connected Motorcycle report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Connected Motorcycle report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Connected Motorcycle market include: Continental AG, KPIT Technologies Ltd., Panasonic Corporation, Robert Bosch GmbH, Starcom Systems Ltd and Vodafone Group Plc amongst others.
In terms of revenue, the U.S. connected motorcycle market was valued at US$ 9.72 Mn in 2022 and is expected to be worth US$ 204.45 Mn by 2030, growing at a CAGR of 40.4% over the forecast period.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Connected Motorcycle Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Connected Motorcycle Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Connected Motorcycle Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Connected Motorcycle Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Connected Motorcycle Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Connected Motorcycle market?
One of the greatest gifts of the industrial revolution was the mass production of automobiles. The transformation from carts to automobiles enabled businesses and individuals to save countless hours during commutation and transportation of goods. Furthermore, with the development of two-wheelers or motorcycles, consumers have been able to save on fuel and be provided with a convenient mode for shorter travels. The first internal combustion engine motorcycle was manufactured by Germany engineers, Gottlieb Daimler and Wilhelm Maybach, in 1885. Since then, motorcycles have become extremely popular in regions like India, Malaysia, Indonesia, etc.
Estimates show that around 58% of the total number of motorcycles are concentrated in the Asia Pacific region. Government regulations now promote the use of advanced safety measures in automobiles and motorcycles. In India, for instance, crash guards in motorcycles have been mandated by the Motor Vehicle Department, and the manufacturers have to ensure the same before selling the motorcycles to the customers. World War 2 caused a spike in the use of motorcycles within the military sector. Royal Enfield, for instance, manufactured thousands of motorcycles equipped with specialized military gear to help in easier maneuvers in tricky terrains in Europe. The company’s Flying Flea, for instance, was part of the English fleet during World War 2 battles such as D-Day and Arnhem.
The rising popularity of motor vehicles has encouraged the manufacturers to incorporate technological innovations, in order to help the consumers have a seamless and safe journey. One such innovation is that of IoT-enabled motorcycles that can communicate with the riders. Similar to the concept of connected automobiles by companies such as BMW, Mercedes, Audi, etc., connected motorcycles are being equipped with advanced sensors that send data related to battery health, pollution figures, fuel level, speed levels, etc., directly to the consumer’s smartphone. The rapid proliferation of smart devices is helping in the growth of the U.S., Europe, and the Asia Pacific connected motorcycle market. In the U.S., for instance, studies show that around 20% of the riders make use of smartphones during commutation. In Australia, the number is as high as 25%. The use of smartphones is predominantly for navigation purposes. Furthermore, advancement in chip manufacturing technology is enabling OEMs to embed chips in motorcycles and generate insights from the vehicles. The higher demand from the consumers for connected motorcycles as a result of the growth of IoT in the automotive industry is playing a major role in the growth of the U.S., Europe, and the Asia Pacific connected motorcycle market.
COVID-19 has impacted businesses and consumers all over the globe. Social distancing norms have been enforced by various government bodies to curb the spread of the virus. As a result of the prevailing health risks during group travel, personal mobility options are expected to see considerable growth during the coming years. The manufacturers of connected two-wheelers are capturing more consumers by providing lucrative financing options such as monthly instalments. The U.S., Europe, and the Asia Pacific connected motorcycle market is an attractive investment option post the Coronavirus pandemic.
Global Connected Motorcycle Market Segmentation:
U.S., Europe And Asia Pacific Connected Motorcycle Market By Hardware (Embedded, Customized); By Service (Driver Assistance, Infotainment, Safety, Vehicle Management & Telematics, Others); By End User (Private, Commercial); By Region (U.S., The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia) – U.S., Europe And Asia Pacific Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022-2030
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