Overview of the global self-balancing motorcycle market
Technavio’s market research analysts estimate that the self-balancing motorcycle market will grow at a CAGR of about 199% by 2021. The rising number of on-road accidents and collisions is one of the major challenges faced by the growing automobile industry. Owing to the lack of protective wears and gears, two-wheeler riders are highly susceptible to accidents. It has been observed that two-wheelers account for more than 22% of the road accident deaths each year and with the growing utilization of motorcycles, this number will increase in the coming years. This will induce OEMs to integrate motorcycles with ride-assisted technologies and advanced safety systems to curb motorcycle accidents. The integration of self-balancing feature in motorcycles not only prevents riders from falling during crashes but also prevents them from incurring roll-over injuries. With the growing need for the introduction of safer motorcycles, these benefits will significantly aid in the growth of the self-balancing motorcycle market.
Influenced by the demand from customers and the introduction of stringent safety regulations, OEMs in the motorcycle industry are increasingly focusing on incorporating advanced driver assistance systems (ADAS) technologies in their motorcycles. One of the key vendors, Honda Motors has already introduced self-assisting technology to increase the safety, comfort, and convenience of the rider in one of their premium motorcycles. The technology supports self-balancing capabilities and enables the motorcycle to stand upright even in extremely low speed. The development of this self-stabilizing motorcycle with ‘ride assist technology’ by Honda Motors will increase the preference of customers towards self-balancing motorcycles, fueling market growth.
Competitive landscape and key vendors
The self-balancing motorcycle market is highly concentrated with the presence of established global and regional vendors. The regional vendors are struggling to compete with the international vendors especially in terms of features such as quality, safety, and price. The advent of advanced motorcycle safety systems encourages vendors in this self-balancing scooter market to design and develop products equipped with ride assisting technologies.
The leading vendors in the market are
- BMW Motorrad
- Honda Motor Company
The other prominent vendors in the market are Thrustcycle, Ducati, Kawasaki Motor, and Bimota.
Segmentation by technology and analysis of the self-balancing motorcycle market
- With gyroscope
- Without gyroscope
The automotive industry currently uses gyroscopes that employ micro-machined silicon-based mass-spring structures that are subject to flex loading according to the motion of the vehicle. The development of self-balancing motorcycle prototypes from players, such as 'Gyroscale' by Thrustcyle and BMW Motorrad's Vision NEXT 100, will drive the growth of the gyroscope equipped self-balancing motorcycle market segment during the forecast period.
Growth drivers, challenges, and upcoming trends: BMW’s self-balancing electrical motorcycle
Owing to technological advancements, leading motorcycle manufacturers are focusing on designing and developing innovative systems. BMW Motorrad has already showcases the concept self-balancing electric motorcycle ‘Vision next 100’. The motorcycle is equipped with camera-based sensor technology and has self-balancing wheels that keep the motorcycle upright when not in motion. Moreover, the company has also developed the motorcycle with minimum joints which aids in reducing the overall weight. Furthermore, the motorcycle also comes with a bespoke suit integrated with sensors to monitor the rider's pulse and body temperature.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the self-balancing motorcycle market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global self-balancing motorcycle market?
- What are the key market trends impacting the growth of the global self-balancing motorcycle market?
- What are the challenges to market growth?
- Who are the key vendors in the global self-balancing motorcycle market?
- What are the market opportunities and threats faced by the vendors in the global self-balancing motorcycle market?
- What are the key outcomes of the five forces analysis of the global self-balancing motorcycle market?
Technavio also offers customization on reports based on specific client requirement.
A self-balancing system is a rider assistance technology that enables the motorcycle to balance itself at slow speeds. This upcoming report on the global self-balancing motorcycle market offers insights into the major trends and forthcoming drivers influencing the growth of the automotive industry. Our reports for the automotive industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like automotive electronics.
By considering the market forecast and size and the surging demand for various segments of the automotive electronics sector, the market research professionals at Technavio present an all-inclusive picture of the self-balancing motorcycle market for the time period of 2017 to 2021. Furthermore, our research practices help clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.
This forthcoming market research report on the self-balancing motorcycle market also covers vendors like Honda and BMW. According to our market research experts, the ability of self-balancing motorcycles to reduce the probability of falling over while the motorcycle is static is expected to impact the global market significantly during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the self-balancing motorcycle market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research report on the self-balancing motorcycle market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the automotive electronics sector currently experiences. This upcoming report on the self-balancing motorcycle market presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the automotive industry. Technavio also provides deep-dive market assessments into the sectors such as automotive services, auto accessories, and automotive manufacturing.
Our market research methodology for the global self-balancing motorcycle market
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.