Motorcycle Engine Management Systems Market Research Report 2023

The global motorcycle engine management systems (EMS) market was valued at US$14.65 billion in 2022 and is projected to reach US$34.49 billion by 2029, growing at a CAGR of 12.8% from 2023 to 2029. The market is being driven by the increasing demand for fuel-efficient and emission-compliant motorcycles, as well as the growing popularity of motorcycles in developing countries.

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The North American market for motorcycle EMS is expected to grow at a CAGR of 6.5% during the forecast period, while the Asia-Pacific market is expected to grow at a CAGR of 15.5%. The growth of these markets is being driven by the increasing demand for motorcycles in these regions.

The key players in the motorcycle EMS market are Bosch, Continental, Delphi, DENSO, BMW, Kawasaki Heavy Industries, KESENS, Magneti Marelli, Nikki Auto Parts, and Walbro. These players are focusing on developing advanced technologies and features for their motorcycle EMS products.

The motorcycle EMS market is segmented by type, application, and region. By type, the market is segmented into commuter, mid-premium, and premium. By application, the market is segmented into cross-country motorcycle and domestic motorcycle. By region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

The commuter segment is expected to be the largest segment of the motorcycle EMS market during the forecast period. This is due to the increasing demand for fuel-efficient and affordable motorcycles in developing countries. The mid-premium and premium segments are expected to grow at a faster rate during the forecast period, due to the increasing demand for high-end motorcycles in developed countries.

The motorcycle EMS market is a highly competitive market. The key players in the market are constantly innovating and developing new products to meet the needs of customers. The market is also expected to witness the entry of new players in the near future.

The following are some of the key trends that are expected to drive the growth of the motorcycle EMS market:

Increasing demand for fuel-efficient and emission-compliant motorcycles
Growing popularity of motorcycles in developing countries
Increasing demand for high-end motorcycles in developed countries
Technological advancements in motorcycle EMS
Increasing government regulations on emission standards
The following are some of the challenges that are expected to hinder the growth of the motorcycle EMS market:

High cost of motorcycle EMS
Lack of awareness about the benefits of motorcycle EMS
High competition in the market
Short product life cycles
Overall, the motorcycle EMS market is expected to grow at a healthy CAGR during the forecast period. The growth of the market is being driven by the increasing demand for fuel-efficient and emission-compliant motorcycles, as well as the growing popularity of motorcycles in developing countries.

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This release was published on openPR.