Technavio, a tech-focused market research firm, has published a new report on the global two wheeler EFI systems market, which is expected to grow moderately at a CAGR of close to 7% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global two wheeler EFI systems market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global two wheeler EFI systems market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global two wheeler EFI systems market for 2015 (market share %)
|
APAC |
79% |
|
Americas |
16% |
|
EMEA |
5% |
Source: Technavio
APAC: Largest revenue generating region for two-wheeler EFI systems
As per Technavio’s market analysis, the demand for two-wheeler EFI systems in APAC will grow steadily at a CAGR of almost 8% during the forecast period. APAC countries such as China and India account for over 70% of the two-wheeler market globally and the market growth in the region is market directly correlated to the two wheeler production. Also, China is anticipated to become one of the largest electric two-wheeler market by 2020, which will have a positive impact on the overall EFI market in the APAC region.
According to Siddharth J., a lead analyst at Technavio, specializing in research on automotive electronics, “Owing to the immense population of motorcycles and mopeds in China, regulations and stringent norms are an important part of the country’s emission control program. It follows Stage 3 standards based on Euro compliance standards for motorcycles, coupled with the unique addition of emission-durability requirements.”
It is expected that with the two-wheeler industry shifting toward developing more fuel efficient engines and the stringent norms and regulations regarding emissions, the two-wheeler EFI market in APAC will grow significantly over the forecast period.
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Global two-wheeler electronic fuel injection market in the Americas
Technavio’s market research analysts predict that the demand for EFI systems in the Americas will grow at a CAGR of more than 2% by 2020. Much of the region’s growth comes from the standards formulated by the US EPA to control two-wheeler emissions and aftermarket players coming up with advanced EFI systems to enhance the performance of engines. In 2015, the US two-wheeler industry witnessed its 5th consecutive year of slight increase in sales, thanks to the growing demand for motorcycles. All the large brands are using advanced EFI technologies in their motorcycles and scooters to make their vehicles more fuel efficient and conform to the emission standards as set by the government. The emission standards to curb harmful pollutants are prompting OEMs to develop technologically advanced EFI systems. Two-stage and three-stage catalytic converters with EFI systems are also playing a very important role in making two wheelers more fuel efficient and reducing harmful emissions. More than one-fifth of the motorcycles sold in recent years in the US have been equipped with emission control devices. Several aftermarket players, such as Thunder Max and Night rider, are offering modified versions of EFI systems with catalytic converters to increase the performance of their motorcycles.
Global two-wheeler electronic fuel injection market in EMEA
The global two-wheeler electronic fuel injection market in EMEA will grow slowly during the forecast period, registering a growth rate of around 2%. Factors attributing to this region’s growth is the motorcycle emission standards articulated by the EU commission and an effective aftermarket that performs engine tuning for professional motorcyclists. European two wheelers, especially motorcycles, have seen several technological advancements in the areas of safety and performance. The European Commission is planning to come up with a new legislation for the two-wheeler industry by 2020, and has updated Euro 3 emissions standards to more stringent Euro 5 standards. Through its stringent emission norms, the EU has mandated the installation of EFI systems as standard in two wheelers, thereby reducing emissions and enhancing fuel efficiency. According to Technavio’s market analysts, it is estimated that upgrading from Euro 3 to Euro 5 standards would help accomplish almost 50% reduction of motorcycle pollutant emissions. Such developments have offered vast potential for the OEMs in the design of EFI, as they play the most important role in reducing these pollutants.
The top leading vendors operating in the global two wheeler EFI systems market are:
- Bosch
- Delphi
- Denso
- Omnitek Engineering
Other prominent vendors in the market include Thunder Max, Edelbrock, Five O Motor sport, and Fuel Air Spark Technology (FAST).
A more detailed analysis is available in the Technavio report tilted, ‘Global Two Wheeler EFI Systems Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Fuel Injector Market 2016-2020
- Global Motorcycle Infotainment System Market 2016-2020
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