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(I-AutoNewsWire.com, September 06, 2017 ) According to Publisher, the Global Motorcycle Start-stop System Market is accounted for $1.81 million in 2016 and is expected to reach $4.59 million by 2023 growing at a CAGR of 14.2% during the forecast period. Increasing sales of commuter motorcycle and strict government regulations for motorcycles are some of the factors fueling the market growth.
During 2016, the commuter motorcycles segment contributed the major revenue for motorcycle start-stop system market. However, the premium commuter motorcycles is expected to command the market during the forecast period owing to the altering market dynamics and enhancements in the motorcycle market and recuperating economic conditions in the emerging nations.
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India will be the key market and currently it is the only country in the world to have a start-stop system equipped motorcycle. Market growth in this region is attributed to factors such as the more usage of two-wheelers for their daily travel and increasing traffic jamming in Indian cities.
Some of the key players in Motorcycle Start-stop System market include Bosch, TE Connectivity, SKF, Shindengen, Honda, Yamaha Motor and Hero MotoCorp.
Motorcycle Types Covered:
-Premium Commuter Motorcycles
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- Rest of Europe
- New Zealand
- Rest of APAC
-Rest of the World
- Middle East
- South Africa
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