Two-wheeler Starter Motor Market Analysis Highlights the Impact of COVID-19 (2019-2023) | Demand For Premium Motorcycles to Boost Market Growth | Technavio
LONDON--(BUSINESS WIRE)--Aug 5, 2020--
Technavio has been monitoring the two-wheeler starter motor market and it is poised to grow by USD 198.93 mn during 2019-2023, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Two-wheeler Starter Motor Market 2019-2023 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
- What is a major trend in the market?
Adoption of integrated starter-generator for two-wheelers is a major trend driving the market growth.
- At what rate is the market projected to grow?
The year-over-year growth for 2019 is estimated at 7.04% and the incremental growth of the market is anticipated to be $ 198.93 mn during the forecast period.
- Who are the top players in the market?
BRISE Starter Motors & Alternators, Lucas TVS, Mitsuba, Varroc Group, and Zhejiang Haiwei Electric Appliances are some of the major market participants
- What is the key market driver?
Demand for premium motorcycles is the major factor driving the market.
- How big is the APAC market?
The APAC region will contribute 93% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. BRISE Starter Motors & Alternators, Lucas TVS, Mitsuba, Varroc Group, and Zhejiang Haiwei Electric Appliances are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Demand for premium motorcycles has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Two-wheeler Starter Motor Market 2019-2023: Segmentation
Two-wheeler Starter Motor Market is segmented as below:
- Geographic Landscape
- The Americas
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30618
Two-wheeler Starter Motor Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The two-wheeler starter motor market report covers the following areas:
- Two-wheeler Starter Motor Market Size
- Two-wheeler Starter Motor Market Trends
- Two-wheeler Starter Motor Market Industry Analysis
This study identifies the development of integrated starter-generator for two-wheelers as one of the prime reasons driving the two-wheeler starter motor market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Two-wheeler Starter Motor Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist two-wheeler starter motor market growth during the next five years
- Estimation of the two-wheeler starter motor market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the two-wheeler starter motor market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of two-wheeler starter motor market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Motorcycles - Market size and forecast 2018-2023
- Scooters - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Market trends
PART 10: VENDOR LANDSCAPE
- Landscape disruption
PART 11: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BRISE Starter Motors & Alternators
- Lucas TVS
- Varroc Group
- Zhejiang Haiwei Electric Appliances
PART 12: APPENDIX
- Research methodology
- List of abbreviations
PART 13: EXPLORE TECHNAVIO
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 17,000 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200805005069/en/
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INDUSTRY KEYWORD: MOTORCYCLES AFTERMARKET AUTOMOTIVE
SOURCE: Technavio Research
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PUB: 08/05/2020 07:00 AM/DISC: 08/05/2020 07:01 AM