Technavio, a tech-focused market research firm, has published a new report on the global motorcycle oxygen sensor market, which is expected to grow at a CAGR of over 14% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global motorcycle oxygen sensor market into the following key regions: the Americas, APAC, and Europe.
Source: Technavio
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Motorcycle oxygen sensor market in the Americas: The growth of the market in the Americas is driven primarily by the increased sales of single cylinder fuel injected commuter motorcycles in Brazil and Mexico. The American motorcycle market is dominated by Harley-Davidson motorcycles which essentially are a range of cruiser motorcycles.
According to Siddharth Jaiswal, a lead analyst at Technavio, specializing in research on automotive electronics, “The increasing road congestions and fluctuating fuel prices are pushing the sales of commuter motorcycles, which offer economy and ease in maneuvering through traffic-laden roads.”
Motorcycle oxygen sensor market in Europe: Increasing fuel costs, increased maintenance required for passenger cars, and rising levels of road congestion are driving the adoption of motorcycles in Europe. Germany, Italy, France, and Spain account for a majority of the demand for motorcycle oxygen sensors in Europe. Japanese brands like Kawasaki, Yamaha, and Honda are some of the key players in the motorcycle oxygen sensor market in Europe.
Motorcycle oxygen sensor market in APAC: Low-powered and affordable geared motorcycles and mopeds and gearless scooters used for commuter-oriented purposes characterize the two-wheeler market in APAC. Rising levels of road congestions, increasing fuel rates, and an economical price tag are some of the key driving forces behind growth of the motorcycle oxygen sensor market in the APAC region. The industry analysts at Technavio have identified India and China as two of the key revenue contributing countries in the market in this region.
The leading vendors operating in the global motorcycle oxygen sensor market are:
- Delphi
- DENSO
- Robert Bosch
Other prominent vendors in the market include HYUNDAI KEFICO, NGK Spark Plugs, Pucheng Sensors, and United Automotive Electronic Systems.
A more detailed analysis is available in the Technavio report titled, ‘Global Motorcycle Oxygen Sensor Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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