Motorcycles to Dominate APAC Two Wheeler Instrument Cluster Market till 2024
Increasing production and sales of two-wheelers to
drive two wheeler instrument cluster market in Asia-Pacific through 2024
According
to TechSci Research report, “Asia-Pacific
Two Wheeler Instrument Cluster Market
By Vehicle Type, By Instrument Cluster Type, By Display Screen, By Display
Color, By Country, Competition, Forecast & Opportunities, 2024”, two
wheeler instrument cluster market in Asia-Pacific is expected to register
growth during the forecast period, on account of continuously expanding fleet
of two-wheelers in the region. Rising population and growing urbanization in
developing economies of the region is expected to boost the two wheeler market,
thereby positively influencing the two-wheeler instrument cluster market of
Asia-Pacific in the coming years. In 2017, India emerged as the global leader
in the two wheeler market by producing 19.9 million two wheelers, overtaking
China, which produced 14.3 million units of two wheelers in the reported year.
However, China is the leading exporter in the two wheeler industry with 6.6
million units shipped in 2017.
In terms of vehicle type, Asia-Pacific two wheeler
instrument cluster market can be segmented into motorcycles, scooters/mopeds
and electric two-wheelers. On account of growing consumer preference for
motorcycles, the segment dominated the market in 2018 and the trend is likely
to continue during the forecast period. On the basis of instrument cluster
type, analog segment holds the largest market share, backed by its lower price
when compared with its digital counterparts. Hybrid cluster is the combination
of analog and digital cluster and two wheeler owners are opting for digital
clusters, as they have a sporty look and provide range of information.
Download Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=3945
Customers can also request for 10% free customization
on this report.
Major players operating in Asia-Pacific two wheeler
instrument cluster market are JNS Instruments Limited, Pricol Limited, Minda
Stoneridge Instruments Limited, Magneti Marelli India Private Limited, Nippon
Seiki, Daytona, Calsonic Kansei, Suprajit Engineering Limited, Sunrise
Automotive Instruments, Galaxy Indicators, among others. Companies operating in
the market are adopting organic and inorganic strategies such as product
launch, investments & expansions, and agreements & contracts to ensure
growth in the market. JNS Instruments Ltd and Pricol Ltd. account for the majority
market share, owing to high brand acceptance and collaboration with leading
players in the market.
“Asia-Pacific two wheeler instrument cluster market is registering
strong growth, on the back of high adoption of two wheelers and their low-cost than
cars. Moreover, strict government regulations pertaining to emissions and
increasing disposable income are expected to have a positive impact on the sale
of two wheeler instrument clusters in the region over the course of next five
years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Asia-Pacific Two Wheeler
Instrument Cluster Market By Vehicle Type, By Instrument Cluster Type, By
Display Screen, By Display Color, By Country, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of Asia-Pacific two wheeler instrument
cluster market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Asia-Pacific two wheeler
instrument cluster market.
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]