According to the latest market research study released by Technavio, the global continuously variable transmission market for two-wheelers is expected to grow at a CAGR of close to 11% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Click here to request a free sample of this report
Technavio research analysts categorize the global continuously variable transmission market for two-wheelers based on cubic capacity:
Global continuously variable transmission market for two-wheelers share by cubic capacity 2015
|
Mid-Capacity |
86% |
|
Low-Capacity |
11% |
|
High-Capacity |
3% |
Source: Technavio
Global CVT market for two-wheelers in mid-capacity segment
The global CVT market for two-wheelers in the mid-capacity segment reached a volume of over 13 million units in 2015 and will grow at a CAGR of close to 11% by 2020. The mid-capacity engines are cubic capacity ranging between 100 cc to 200 cc. The cost effectiveness of mid-capacity engines is attributing to the growth of this market segment. These two wheelers provide better riding experience with low maintenance costs, fuel economy benefits, and easy handling in busy traffic conditions. These vehicles are very popular in APAC as they are gearless and provide ease to carry luggage. The common mid-capacity bikes include Honda Activa, TVS Wego, TVS Scooty Pep+, Suzuki Lets, Suzuki Access 125, Hero Maestro, and Hero Pleasure.
“The mid-capacity engines are very common in countries like Brazil, Mexico, and the US, while the market in the Americas is still developing. The vendors are investing in technology to provide better riding experience and smooth transmissions in these vehicles to increase their sales. It was estimated that in 2015, APAC constituted around 93% of the global CVT market for two-wheelers in the mid-capacity segment,” says Praveen Kumar, a lead analyst at Technavio for research on the powertrain.
Global CVT market for two-wheelers in low-capacity segment
The global CVT market for two-wheelers in the low capacity segment reached a volume of almost 2 million units in 2015 and will grow at a CAGR of about 10% by 2020. The low-capacity engines are cubic capacity less than 100 cc. The rising rate of traveling cost in the public transport sector will boost the demand for low-capacity two-wheelers in the market. Two-wheelers are becoming popular as these vehicles are easy to park on congested city roads. The low-capacity two-wheelers are economical and fuel efficient with low-maintenance costs. APAC is the largest contributor in terms of volume in the low-capacity segment. These vehicles provide ease in riding due to its manoeuvrability, and the vendors are designing attractive vehicles for the younger generation to expand their consumer base.
Global CVT market for two-wheelers in high-capacity segment
The global CVT market for two-wheelers in the high-capacity segment reached a volume of almost 1 million units in 2015 and will grow at a CAGR of more than 16% by 2020. The high-capacity engines have cubic capacity greater than or equal to 200 cc. The market for the higher capacity engine is still in the development phase, and the vendors are launching vehicles with new technologies to attract more consumers. They are designing vehicles especially to cater the needs to long distance riders.
The top leading vendors operating in the global continuously variable transmission market for two-wheelers are:
- Honda
- Yamaha
- TVS
- Piaggio
Other prominent vendors in the market include Suzuki and Hero.
A more detailed analysis is available in the Technavio report titled, ‘Global Continuously Variable Transmission Market for Two-Wheelers 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Two-Wheeler Electric Fuel Injection Systems Market 2016-2020
- Global Slipper Clutch Market for Two-Wheelers 2016-2020
- Global Slipper Clutch Market for Two-Wheelers 2016-2020
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
