Asia-Pacific
two wheeler instrument cluster market is expected to grow at a brisk rate
during the forecast period, on account of increasing two-wheeler sales across
the region. Growing technological advancements and increasing adoption of
feature-rich instrument clusters are some of the other factors that are expected
to positively influence the region’s two wheeler instrument cluster market during
the forecast period. In 2017, India overtook China and emerged as the global
leader in the two wheeler market by producing 19.9 million two wheelers, compared
with 14.3 million units produced by China.
Asia-Pacific two wheeler instrument cluster market can be segmented
based on vehicle type, instrument cluster type, display screen and display
color. Based on vehicle type, the two wheeler instrument cluster market of Asia-Pacific
can be categorized into motorcycles, scooters/mopeds and electric two-wheelers.
Motorcycles segment dominated the market in 2018 and the trend is likely to
continue in the coming years as well, on account of growing preference for
motorcycles and high speed of the vehicle when compared with its counterparts.
In terms of instrument cluster type, the market can be segmented into analog,
digital and hybrid. Hybrid cluster is a combination of analog and digital cluster.
Digital is the preferred instrument cluster among customers across the region,
as this type of instrument cluster provides more information than other types
of speedometers. On the basis of display screen, the market can be bifurcated
into TFT/LCD and normal. Normal display accounted for the majority share in the
market in 2018 and the segment is anticipated to grow at an impressive rate during
the forecast period.
Two wheeler instrument cluster market of Asia-Pacific is registering
growth, on the back of increasing two-wheeler production and sales and rising per
capita income. In terms of regional analysis, the market for two-wheeler
instrument cluster has been segmented into China, India,
Japan, Taiwan, Vietnam and Indonesia. India, followed by China, are the
largest markets of two-wheelers across the region, thus these two countries
account for the largest share in Asia-Pacific two wheeler instrument cluster
market.
Major
companies operating in the region’s two wheeler instrument cluster market recorded
high sale volumes in the financial year 2018 and the trend is likely to
continue during the forecast period. List of major players operating in the
region include JNS Instruments Limited, Pricol Limited, Minda
Stoneridge Instruments Limited, Magneti Marelli India Private Limited, Nippon
Seiki, Daytona, Calsonic Kansei, Suprajit Engineering Limited, Sunrise
Automotive Instruments, Galaxy Indicators, etc. Key players operating in the market
are investing in innovations to earn sound returns on investments. Moreover,
strategic moves such as mergers and collaborations are also helping the key
players of two wheeler instrument cluster market to magnify their customer base
and expand sales & distribution networks. JNS and Pricol are among the
major companies in the market, backed by their high brand acceptance and collaboration
with leading two wheeler companies.
Years considered for this report:
Historical
Years: 2014-2017
Base Year:
2018
Estimated
Year: 2019
Forecast
Period: 2020-2024
Objective of the Study:
- To analyze and
forecast Asia-Pacific two wheeler instrument cluster market size.
- To classify and
forecast Asia-Pacific two wheeler instrument cluster market based on
vehicle type, instrument cluster type, display screen, display color and
country.
- To identify drivers
and challenges for Asia-Pacific two wheeler instrument cluster market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in Asia-Pacific two wheeler instrument cluster market.
- To conduct pricing
analysis for Asia-Pacific two wheeler instrument cluster market.
- To identify and
analyze the profile of leading players operating in Asia-Pacific two wheeler
instrument cluster market.
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Some of the leading players in Asia-Pacific
two wheeler instrument cluster market include JNS Instruments Limited, Pricol
Limited, Minda Stoneridge Instruments Limited, Magneti Marelli India Private
Limited, Nippon Seiki, Daytona, Calsonic Kansei, Suprajit Engineering Limited,
Sunrise Automotive Instruments, Galaxy Indicators, etc.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of leading manufacturers across the region.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in
two-wheeler instrument cluster market in Asia-Pacific.
TechSci Research calculated Asia-Pacific
two wheeler instrument cluster market size using a bottom-up approach,
where data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Component
& Material Providers
- Automotive
Instrument Cluster Manufacturers and Suppliers
- OEM manufacturers,
suppliers, distributors and other stakeholders
- Government
bodies such as regulating authorities and policy makers
- Organizations,
forums and alliances related to two-wheeler instrument cluster market
- Market
research and consulting firms
The study is
useful in providing answers to several critical questions that are important
for industry stakeholders such as two-wheeler instrument cluster manufacturers,
suppliers, distributors and other stakeholders. The report would enable the
stakeholders in strategizing investments and capitalizing on emerging market
opportunities.
Report Scope:
In this report, Asia-Pacific
two-wheeler instrument cluster market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- Market, by Vehicle Type:
- Motorcycles
- Scooters/Mopeds
- Electric Two-Wheelers
- Market, by Instrument
Cluster Type:
- Market, by Display Screen:
- Market, by Display Color:
- Market, by Country:
- India
- China
- Japan
- Taiwan
- Indonesia
- Vietnam
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies present
in Asia-Pacific two-wheeler instrument cluster market.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
- Detailed analysis and profiling
of additional market players (up to five).
In case you
don’t find what you are looking for, please get in touch with our custom
research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com