The report forecasts the global motorcycle adaptive cruise control market to grow at a CAGR of 9.31% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend that has helped to boost market growth is the increasing adoption of electronic adaptive cruise control over the traditional version. The growing preference of customers to use motorcycles for touring purposes is fueling demand for adaptive cruise controls across the globe. The reason for cruise adoption is to free the rider from wrist cramps that occur during long-distance riding. The presence of a backend unit in electronic adaptive cruise control ensures the monitoring of engine RPM and speed signals to automatically adjust according to terrain, contrary to traditional adaptive cruise control systems.
According to the report, a key growth driver for this market is the expanding customer segment for touring motorcycles. One of the main reasons for motorcycle accidents is rider fatigue, which can be caused by wrist cramps induced during long-distance motorcycle tours.
Further, the report states that one challenge that could hamper market growth is the complicated design and the need for skilled mechanics to install these kits on motorcycles.
- Juliano's Hot Rod Parts
- Murph's Kits
- Rostra Precision Controls
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by motorcycle type
PART 07: Geographical segmentation
PART 08: Geographical segmentation by motorcycle type
PART 09: Key technical criteria
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
For more information visit http://www.researchandmarkets.com/research/cpj7tn/global_motorcycle
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-motorcycle-adaptive-cruise-control-market-to-grow-931-by-2020---increasing-adoption-of-electronic-adaptive-cruise-control---research-and-markets-300294776.html
SOURCE Research and Markets