Global Two Wheeler Accessories Market Forecast to Reach US$ 3.148.3 Mn till 2026

Dated 02-July-2018: An up-to-date research report has been disclosed by MRRSE highlighting the titled “Global Two Wheeler Accessories Market Forecast to Reach US$ 3.148.3 Mn till 2026” which provides an outlook of current market value as well as the expected forecast including Rate on Investment (ROI) together with growing CAGR of 6.1% during 2018-2026. The report studies the Two Wheeler Accessories Market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions.

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A Synopsis of the Global Two Wheeler Accessories Market with Reference to the Global Automotive Industry Outlook

The global industry is currently witnessing a period of stabilization as steady sales continue to sustain growth for suppliers and OEMs. However, an industry that is undergoing one of the biggest transformation, the future truly looks uncertain. The auto industry has always remained fiercely competitive, with US, German, and Japanese OEMs relying on incremental upgrades to consolidate their position. However, as electric vehicles and driverless cars become a reality, traditional players are staring at a future they aren’t entirely familiar with. The next five years in this industry paint a picture of collaboration and competition with the Silicon Valley.

In 2017, the industry has witnessed growth in North America being offset by slowdown in Europe and China. The fortunes of the global automotive industry are stacked in favor of emerging markets, as limited opportunity continues to plague matured markets.

List of factors tracked in the Automotive Industry Market Report

Automotive Industry GVA

Automotive production outlook

Automotive sales outlook

Fleet on road outlook

Automotive carbon emissions outlook

Emissions & safety norms

Installation rates of components / accessories

Replacement rates of components / accessories

Growth in aftermarket

Growth in service centers

Research Methodology

MRRSE utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

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MRRSE collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, PMR validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

Executive Summary

Market Definition

Macro-economic analysis

Parent Market Analysis

Market Overview

Forecast Factors

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China is the most populated country in the world. The traffic congestion and rising smog formation in China is one of the leading reasons manufacturers are focusing on producing compact and lightweight vehicles. The government of China has imposed strict regulations in order to address various traffic and emission issues. This has led to a rise in the adoption of compact vehicles, thereby leading to a rise in the adoption of two wheeler accessories in the region. 

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