Global Two-Wheeler Transmission System Market 2017-2021
About Two-Wheeler Transmission System
The transmission system in a vehicle is used for the proper speed control of the vehicle and for transferring the power produced by the engine to wheels. The growing population across the world is the main reason for the rising congestion on roads. This increases the commuting time between destinations, if travelled by passenger vehicles or public transport facilities. To avoid traffic congestion and to save commuting time, travelers are moving toward two-wheelers, which is the main reason for the increasing motorcycle sales in emerging countries like India, Vietnam, Indonesia, and China.
Technavio’s analysts forecast the global two-wheeler transmission system market to grow at a CAGR of 7.47% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global two-wheeler transmission system market for 2017-2021. To calculate the market size, the report considers the sales volume and excludes the aftermarkets and replacement that are negligible.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Two-Wheeler Transmission System Market 2017-2021
Technavio recognizes the following companies as the key players in the global two-wheeler transmission system market: EXEDY, Ricardo, Schaeffler, Biperformance, and Honda.
Other Prominent Vendors in the market are: F.C.C., Hinson Clutch Components, Hyper Racing, Sigma Performance, SURFLEX, and Yoyodyne.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is development of hybrid motorcycles with semi-automatic transmissions. The high-performance electric motorcycle segment witnessed an increase in the adoption of direct drive in the recent past, and this led to a rise in the adoption of automatic transmissions in this segment. However, riders lost the experience of motorcycle riding as shifting gears is one of the differentiator. Additionally, electric motorcycles are bound by the mile range, which is creating a barrier for their adoption.”
According to the report, one of the major drivers for this market is technological advancements in transmission system component manufacturing. The clutch is one of the major components in the two-wheeler transmission system. The reduction of its manufacturing cost will reduce the total cost of the system, which will be a major growth driver. The traditional method of producing clutches using intense labor will no longer be reliable as the cost of labor is increasing every year across the globe. In automotive manufacturing, the cost of labor constitutes about 21% of the total cost of manufacturing, which is the second highest contributor after the raw materials in terms of cost.
Further, the report states that one of the major factors hindering the growth of this market is increase in global steel prices. There is a high dependence on the market volatility of the steel industry as steel is the main material used in the manufacturing of transmission systems. There is a significant increase in the price of coking coal, which will increase the manufacturing cost of steel products. This will directly impact the global two-wheeler transmission system market. India, one of the key leading countries in the manufacturing and export of two-wheelers, witnessed a 25% increase in the price of steel in 2016. Also, the coking coal cost increased by 59% in 2016. It has been observed that the hike in the price of coking coal increased the cost of steel.
EXEDY, Ricardo, Schaeffler, Biperformance, Honda, F.C.C., Hinson Clutch Components, Hyper Racing, Sigma Performance, SURFLEX, and Yoyodyne.
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