Global Self-balancing Motorcycle Market 2017-2021
About Self-balancing Motorcycle
A self-balancing motorcycle is one which has the capability to come to a complete stop and stand upright without falling either side. Such self-balancing motorcycle comes with self-balancing wheels which imbibes stability into the motorcycle to stand upright even if the motorcycle is not moving. According to automotive experts, such self-balancing motorcycles are expected to lower the fatalities of the riders involved in on-road accidents and collisions. The self-balancing motorcycle is one such promising development which is expected to take the safety of riders to one level above with its unique standing upright characteristic when not in motion.
Technavio’s analysts forecast the global self-balancing motorcycle market to grow at a CAGR of 199.1% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global self-balancing motorcycle market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Technavio's report, Global Self-balancing Motorcycle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Self-balancing Motorcycle Market 2017-2021
Technavio recognizes the following companies as the key players in the global self-balancing motorcycle market: BMW Motorrad, and Honda Motor Company.
Other Prominent Vendors in the market are: Thrustcycle, Ducati, Kawasaki Motor, and Bimota.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is BMW Motorrad launches Vision Next 100: Self-balancing electric motorcycle. Continuous evolution is the key to the maximum adoption of any technology, which is visible in the modern motorcycles. The motorcycles are becoming more advanced year by year, with the leading motorcycle manufacturers designing and developing innovative systems.”
According to the report, one driver in the market is self-balancing motorcycle expected to reduce the number of on-road causalities. On-road accidents and collisions are one of the most important challenges faced by the global automotive industry. Road accidents and collisions are caused due to numerous controllable and uncontrollable factors. The risk and probability of getting involved in a severe road accident are even higher when a person is riding a two-wheeler, whether a scooter or a motorcycle. Two-wheeler riders are more vulnerable to road collisions due to lack of overall protective wears and gears, which ultimately result in critical injuries.
Further, the report states that one challenge in the market is inaccuracy and calibration issue in sensor fusion: major setback. The global motorcycle industry is witnessing increasing use of latest technology integration, which is resulting in the high penetration rate of the sensor and sensor-based technologies. The increasing integration of advanced sensors is helping the riders to get better feel and understanding of the motorcycle's performance and reaction to real-time conditions. This revolution of advanced sensors enables the motorcycle to provide appropriate feedback to the rider. Such feedback is helping riders to change their riding style and obtain optimized performance from their motorcycles.
BMW Motorrad, Honda Motor Company, Thrustcycle, Ducati, Kawasaki Motor, and Bimota.