Two-Wheeler Transmission System Market Forecasts to 2028 - Global Analysis By Type (250CC, 150CC, 125CC), Application (Motorcycle, Scooter), and By Geography

According to Stratistics MRC, the Global Two-Wheeler Transmission System Market is expected to growing at a CAGR of 5.3% during the forecast period. A two-wheeler transmission system is a set of components that can be used in motorbikes to optimize torque and engine speed. It typically a motorcycle, consists of a clutch, gearbox, and chain or belt drive. The function of the transmission is to change the speed and torque of the engine output so that it can be delivered to the rear wheel(s) at an appropriate speed and torque. It also includes a friction clutch system, which changes between two or more gears to increase power efficiency.

Market Dynamics:

Driver:

Growing demand for light weight transmission systems

The prologue of government rules for carbon emission, safety, and lightweight vehicles is forcing OEMs to use components that will assist in an overall weight reduction of the vehicle. There is constant pressure on OEMs to reduce emission levels of the automobiles. Globally, consumers in developed countries, are more inclined towards purchasing modern fuel-efficient, eco-friendly two-wheelers with reduced emission levels and enhanced performance. The permissible NOx emissions from a diesel vehicle has dipped ten times through six legislations (Euro 1 to Euro 6), And new emission norms are under development that will be known as Euro 7 likely to be introduced by 2025.

Restraint:

High cost of adoption and frequent maintenance of advanced transmission systems

The newest transmission systems, such as CVT and DCT have a higher cost of installation as compared to conservative transmission systems. These systems are yet to gain acceptance in the high-volume market of small vehicles, which constitute a major share of the global two-wheelers market. The high cost of transmission systems is one of the major constraints for the manufacturers to enter the Asia-Pacific market. This is mainly due to the preference of consumers for cost-effectiveness rather than performance. Higher costs of these systems have limited the market in countries, where initial cost of the vehicle is a priority over comfort or efficiency.

Opportunity:

Growing focus on rider safety

Motorcycle manufacturers are making efforts to develop motorbikes that can provide a thrilling experience to riders and are safe to drive. Due to the high number of road accidents that occurred to motorcycle drivers, the government has released strict vehicle safety regulations worldwide. Automobile manufacturers have to comply with the safety regulations and focus on enhancing the rider's safety while driving the motorcycle. The autonomous transmission motorcycle is easy to drive and will stop faster due to the presence of automatic downshift in case of need. They are accurate and eliminate the rider's effort to shift the gears, which gives the opportunity to the rider to focus on the road while driving the two-wheeler transmission system. The automatic transmission motorcycle comes with a built-in computer that can automatically shift the gear and clutch based on the riding conditions and therefore offers a smoother riding experience to the riders.

Threat:

Reduction in costs for light weight and efficient transmissions

The dilemma faced by the automotive industry is between technological innovation and cost reduction. Vehicle weight is inversely proportional to the fuel economy of the vehicle. Many OEMs are currently focusing on the overall weight reduction of their vehicle models in order to achieve the targets set in the coming years. Huge fluctuations in raw materials prices could make the market less competitive. Weight reducing alloys and lightweight materials are expensive but are useful in manufacturing efficient and lightweight transmissions. Lightweight transmission systems proportionately reduce the weight of the automobile which ensure that the vehicle complies with the stringent emission and fuel efficiency norms. However, these weights reducing alloys and lightweight materials are expensive in nature which further increases the cost of manufacturing of lightweight and efficient transmission systems. Along with this, high price fluctuation can also accounts for quality deviation that can adversely affect the two-wheeler transmission system market all over the world. The challenge therefore is to come up with such transmissions that are efficient and economical at the same time.

The scooter segment is expected to be the largest during the forecast period

The scooter segment is estimated to have a lucrative growth, due to rising demand for low-cost two-wheelers in developing countries, such as India, China, and Bangladesh and favourable government policies promoting electric vehicles. Scooter is the most widely used type of two-wheeler. It has a single front or rear wheel and handlebars to provide balance for steering, like motorcycles but unlike bicycles. Scooters are typically designed to be ridden with one hand on the handlebar and another holding onto the seat behind it while sitting in a low position.

The 125CC segment is expected to have the highest CAGR during the forecast period

The 125CC segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its benefits such as high torque at low speed and better fuel efficiency. 125CC is a cog ratio that is generally used in two-wheeler transmission systems. 125cc two-wheelers are considered best for short commutes, city driving, and casual riding. And, they are also comparatively low-cost as compared to their higher CC counterparts. It should be noted that, while 125cc two-wheelers offer good fuel economy and are relatively less expensive, they lack the power and speed of higher CC two-wheelers.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to emerging economies such as India and China, rise in the adoption of semi-automatic motorcycles, increasing penetration of two-wheeler vehicles in countries such as India, China, and Japan, better economic conditions, and increasing urbanization. Moreover, the government initiatives towards the promotion of eco-friendly transportation systems are further anticipated to bolster growth in the Asia Pacific region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the stringent government regulations regarding vehicle safety and emission standards. The refuse can be attributed to change in consumer preferences fuelled by changing demographics across Europe coupled use of alternative modes of public transportation resulting in declining demand for two-wheeler vehicles.

Key players in the market

Some of the key players profiled in the Two-Wheeler Transmission System Market include Biperformance, F.C.C., Ricardo, Hyper Racing, Honda, EXEDY, Hinson Clutch Components, Schaeffler, Yoyodyne, Sigma Performance, and Surflex.

Key Developments:

In 2010, Honda introduced the world's first dual clutch transmission (DCT)*1 in a motorcycle, and has continued to evolve the DCT ever since. The introduction of the DCT in the NC700 series and the CTX700, expanding the circle of users. A dual clutch transmission is a transmission in which clutch and shift operations are automated, while maintaining the structure of manual transmission with its advantages such as direct-feel acceleration.

Types Covered:

• 250CC
• 150CC
• 125CC

Applications Covered:

• Motorcycle
• Scooter

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances