Global Two-wheeler Ignition Switch Market 2024-2028

The two-wheeler ignition switch market is forecasted to grow by USD 292.99 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the two-wheeler ignition switch market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the integration of ignition switches with other features in two-wheelers, increasing electronic content in two-wheelers, and rising two-wheeler sales worldwide.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.45%
CAGR	6.78%
Incremental Value	$292.99mn

Technavio's two-wheeler ignition switch market is segmented as below:

By Type

Key-enabled
Keyless

By Application

Fuel two-wheeler
Electric two-wheeler

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the development of keyless ignition systems in two-wheelers as one of the prime reasons driving the two-wheeler ignition switch market growth during the next few years. Also, the development of biometric-based ignition systems and the shift to asian manufacturing bases by premium motorcycle makers will lead to sizable demand in the market.

The report on the two-wheeler ignition switch market covers the following areas:

Two-wheeler ignition switch market sizing
Two-wheeler ignition switch market forecast
Two-wheeler ignition switch market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading two-wheeler ignition switch market vendors that include Guangzhou Haijiguang Commercial and Trading Co. Ltd., Honeywell International Inc., JPM Group, JS Enterprises, Kunal International, Minda Corp. Ltd., Minda Industries Ltd., Prakant Electronics Pvt. Ltd., Rado Products India, Sandhar Technologies Ltd, Shubham Industries, Sonu Auto Electronics, Swiss Auto Pvt. Ltd., and Ultra Tech Components India Pvt. Ltd. Also, the two-wheeler ignition switch market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR73845

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global two-wheeler ignition switch market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global two-wheeler ignition switch market 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Key-enabled - Market size and forecast 2023-2028
Exhibit 34: Chart on Key-enabled - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Key-enabled - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Key-enabled - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Key-enabled - Year-over-year growth 2023-2028 (%)
6.4 Keyless - Market size and forecast 2023-2028
Exhibit 38: Chart on Keyless - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Keyless - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Keyless - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Keyless - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 44: Chart on Application - Market share 2023-2028 (%)
Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application
7.3 Fuel two-wheeler - Market size and forecast 2023-2028
Exhibit 48: Chart on Fuel two-wheeler - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Fuel two-wheeler - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Fuel two-wheeler - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Fuel two-wheeler - Year-over-year growth 2023-2028 (%)
7.4 Electric two-wheeler - Market size and forecast 2023-2028
Exhibit 52: Chart on Electric two-wheeler - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Electric two-wheeler - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Electric two-wheeler - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Electric two-wheeler - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Application
Exhibit 56: Market opportunity by Application ($ million)
Exhibit 57: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 India - Market size and forecast 2023-2028
Exhibit 87: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on India - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 91: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Guangzhou Haijiguang Commercial and Trading Co. Ltd.
Exhibit 111: Guangzhou Haijiguang Commercial and Trading Co. Ltd. - Overview
Exhibit 112: Guangzhou Haijiguang Commercial and Trading Co. Ltd. - Product / Service
Exhibit 113: Guangzhou Haijiguang Commercial and Trading Co. Ltd. - Key offerings
12.4 Honeywell International Inc.
Exhibit 114: Honeywell International Inc. - Overview
Exhibit 115: Honeywell International Inc. - Business segments
Exhibit 116: Honeywell International Inc. - Key news
Exhibit 117: Honeywell International Inc. - Key offerings
Exhibit 118: Honeywell International Inc. - Segment focus
12.5 JPM Group
Exhibit 119: JPM Group - Overview
Exhibit 120: JPM Group - Product / Service
Exhibit 121: JPM Group - Key offerings
12.6 JS Enterprises
Exhibit 122: JS Enterprises - Overview
Exhibit 123: JS Enterprises - Product / Service
Exhibit 124: JS Enterprises - Key offerings
12.7 Kunal International
Exhibit 125: Kunal International - Overview
Exhibit 126: Kunal International - Product / Service
Exhibit 127: Kunal International - Key offerings
12.8 Minda Corp. Ltd.
Exhibit 128: Minda Corp. Ltd. - Overview
Exhibit 129: Minda Corp. Ltd. - Product / Service
Exhibit 130: Minda Corp. Ltd. - Key news
Exhibit 131: Minda Corp. Ltd. - Key offerings
12.9 Minda Industries Ltd.
Exhibit 132: Minda Industries Ltd. - Overview
Exhibit 133: Minda Industries Ltd. - Product / Service
Exhibit 134: Minda Industries Ltd. - Key offerings
12.10 Prakant Electronics Pvt. Ltd.
Exhibit 135: Prakant Electronics Pvt. Ltd. - Overview
Exhibit 136: Prakant Electronics Pvt. Ltd. - Product / Service
Exhibit 137: Prakant Electronics Pvt. Ltd. - Key offerings
12.11 Rado Products India
Exhibit 138: Rado Products India - Overview
Exhibit 139: Rado Products India - Product / Service
Exhibit 140: Rado Products India - Key offerings
12.12 Sandhar Technologies Ltd
Exhibit 141: Sandhar Technologies Ltd - Overview
Exhibit 142: Sandhar Technologies Ltd - Product / Service
Exhibit 143: Sandhar Technologies Ltd - Key offerings
12.13 Shubham Industries
Exhibit 144: Shubham Industries - Overview
Exhibit 145: Shubham Industries - Product / Service
Exhibit 146: Shubham Industries - Key offerings
12.14 Sonu Auto Electronics
Exhibit 147: Sonu Auto Electronics - Overview
Exhibit 148: Sonu Auto Electronics - Product / Service
Exhibit 149: Sonu Auto Electronics - Key offerings
12.15 Swiss Auto Pvt. Ltd.
Exhibit 150: Swiss Auto Pvt. Ltd. - Overview
Exhibit 151: Swiss Auto Pvt. Ltd. - Product / Service
Exhibit 152: Swiss Auto Pvt. Ltd. - Key offerings
12.16 Ultra Tech Components India Pvt. Ltd
Exhibit 153: Ultra Tech Components India Pvt. Ltd - Overview
Exhibit 154: Ultra Tech Components India Pvt. Ltd - Product / Service
Exhibit 155: Ultra Tech Components India Pvt. Ltd - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 156: Inclusions checklist
Exhibit 157: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 158: Currency conversion rates for US$
13.4 Research methodology
Exhibit 159: Research methodology
Exhibit 160: Validation techniques employed for market sizing
Exhibit 161: Information sources
13.5 List of abbreviations
Exhibit 162: List of abbreviations