Global Motorcycle Handlebar Control Switch Strategic Business Report 2023: Growing Number Of 'Born-Again' Middle Aged Bikers Fuels The Sector

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, June 19, 2023 (GLOBE NEWSWIRE) -- The "motorcycle handlebar control switch: global strategic business report" report has been added to ResearchAndMarkets.com's offering.
The global market for Motorcycle Handlebar Control Switch estimated at US$545.4 Million in the year 2022, is projected to reach a revised size of US$840.9 Million by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.

Commuter, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$539.8 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Mid-Segment segment is readjusted to a revised 6.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.4 Million, While China is Forecast to Grow at 5.8% CAGR
The Motorcycle Handlebar Control Switch market in the U.S. is estimated at US$7.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$151.3 Million by the year 2030 trailing a CAGR of 5.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$566.8 Million by the year 2030.
Select Competitors (Total 248 Featured) -

• 12vtechnology LLC
• Bombardier Recreational Products Inc.
• Honeywell International Inc.
• J&P Cycles, Inc.
• K & S Technologies Inc.
• KiWAV International Inc.
• Minda Industries Ltd.
• ZF Friedrichshafen AG

Key Attributes:

Report Attribute	Details
No. of Pages	641
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$545.4 Million
Forecasted Market Value (USD) by 2030	$840.9 Million
Compound Annual Growth Rate	5.6%
Regions Covered	Global

Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession
• 2020 Marked as a Year of Disruption & Transformation
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Motorbikes Enjoy Unbelievable Boom amid COVID-19 Crisis
• COVID-19 Outbreak Impacts Motorcycle Production, Driving Down Revenues for Manufacturers
• Supply Vacuum & Future Course
• Motorcycles: From Specter of Collapse to Sudden Spike in Sales amid COVID-19
• Motorcycle Handlebar Control Switch - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Motorcycles: A Way of Life & Attitude
• Key Factors Influencing the Motorcycles, Scooters and Mopeds Market: On a Scale 1-10 (10 - High Impact; 1 - Low Impact)
• Motorcycle Handlebars: A Prelude
• An Introduction to Motorcycle Handlebar Control Switches
• Global Market Prospects and Outlook
• Commuter Motorcycles: The Largest Segment
• Developing Economies to Spearhead Future Growth

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS

• Rise in Volume Sales of Motorcycles: A Major Indicator of Market Growth
• Global Motorcycles, Scooters and Mopeds Market: Annual Sales in Thousand Units by Geographic Region/Country for the Years 2020 and 2027
• Global Powered Two-Wheeler Market: Penetration Rate in Select Countries for 2019
• Notable Trends Influencing Sales of Motorcycles Worldwide
• Convenient Features, Economic & Environmental Benefits
• Growing Traffic Congestion
• Rise in Female Two-Wheeler Riders
• Growing Number of 'Born-Again' Middle Aged Bikers
• Replacement Demand: A Lucrative Opportunity
• Changing Consumer Preferences Amidst Urbanization Trend
• World Urban Population in Thousands: 1950-2050P
• Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
• As Technology Grows Leaps & Bounds, Motorcycle of Future Moves from the World of Science Fiction to Reality
• Long-Term Gains for Handlebar Control Switches as Motorcycle Makers Eye on Electric Bicycles
• Growing Electrification of Motorcycle Controls and Systems to Boost Market Growth
• Market Poised to Benefit from the Development of Custom Control Switches Modules
• Integration of More Functionalities into Handlebar Control Switches to Drive Market
• Growing Prominence of Illuminated Handlebar Control Switches
• Rider Blast for Small-Displacement Motorcycles Bodes Well for Handlebar Control Switches Market
• The Outdated Handlebar is Ripe for Interesting Ergonomic & Functional Improvements
• As AHOs Become Mandatory for Two-Wheelers in Few Nations, Handlebar Switch Controls Witness Changes
• Innovations and Advancements in Handlebar Control Switches to Present Growth Opportunities
• Motorcycle Handlebar Gets Interesting Facelift with New/Standard Controls & Switches
• Custom Latching Switches for Turn Signals
• Android Auto Gets Revved Up with Support from Harley-Davidson Motorcycles
• Robust Gains for Voice Assistants

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
IV. COMPETITION

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