The market for motorcycle engine management systems is primarily driven by the rising demand for high-performance, fuel-efficient motorcycles. Additionally, the industry is being impacted by rising awareness of traffic safety, quick technological development, a growing tendency toward car customization, and government programs to support clean air. In the upcoming years, the market is anticipated to rise as a result of several factors, including an increase in demand for electric motorbikes, rising disposable incomes, and the implementation of stricter emission rules.
Motorcycle engine management system manufacturers must adapt to changing consumer and governmental demands. Motorcycles are made more reliable, efficient, and safe thanks to the engine management system. Monitoring engine performance aids in maximizing fuel efficiency and lowering emissions. The need for technology that enhances motorcycle performance and safety while decreasing costs is rising as the demand for motorcycles increases globally. Furthermore, because these systems contribute to increased traffic safety and pollution reduction, government programs in several nations are supporting their implementation. The focus on creating modern safety technologies like ABS (anti-lock braking systems), traction control, airbags, electronic stability control, etc. that may be integrated into a motorbike engine management system has increased due to the rise in accidents involving two-wheelers. Additionally, the growing popularity of motorcycle customizing fuels the demand for efficient engine monitoring systems.
A complex electronic control system called a motorbike engine management system keeps track of and manages an engine's performance. To ensure the engine operates at peak efficiency, it controls several factors including fuel injection, air-fuel ratio, ignition timing, and exhaust gas recirculation. Motorcycle engine management systems are made to increase motorcycles' overall effectiveness and safety. The popularity of bikes with electronic controls has increased recently, which has increased demand for such systems.
The market for motorcycle engine management systems is anticipated to increase at a CAGR of 6.2% between 2021 and 2031, reaching a value of USD 5.24 billion by that year. The rise in two-wheeler mishaps, the rising demand for motorcycles internationally, and the preference for modern motorcycle technologies are all factors contributing to the growth of this market.
High proprietary costs related to the creation and upkeep of vehicle engine systems constrain the market for motorcycle engine management systems. Furthermore, the expansion of this market is being constrained by ened government requirements regarding safety aspects. These strict restrictions and regulations have caused many OEMs to divert their focus away from manufacturing cars that meet these standards, which has led to a decrease in investment in the development of high-tech bikes with more potent engines. In particular, the rising intensity brought on by technical breakthroughs like digitalization may present challenges for market participants for motorcycle engine management systems. Additionally, the lack of customization based on customer needs leads to the generic availability of parts across a variety of motorcycles without any unique features or designs, which reduces the opportunity for product diversification among rivals. The market for motorcycle engine management systems may be significantly constrained by the aforementioned factors. Nevertheless, the development of e-mobility and electric two-wheelers may present market players with attractive chances. Additionally, over the course of the forthcoming years, dealers can anticipate benefiting from the malfunction of components caused by wear and tear.
COVID-19 Impact and Market Status
The COVID-19 pandemic has had a detrimental effect on the market for motorcycle engine management systems globally. Due to transportation limitations and social distance constraints, there was a reduction in the desire for motorbikes, which affected sales. The production of motorcycle parts like engine management systems has indeed slowed down as a result of industrial activity disruptions. But manufacturers are anticipated to gain momentum and work toward recovery over the predicted period as countries progressively recover from the pandemic and fuel prices rise globally. Government attempts to promote the use of electric vehicles are also anticipated to be advantageous for the market for motorbike engine management systems. Additionally, developments like the growing emphasis on Advanced Driver Assistance Systems (ADAS) are fueling innovations that are anticipated to boost demand for engine management systems. As a result, there will probably be plenty of prospects for growth between 2021 and 2031.
The 251 to 500 cc Type emerged as the Most Booming Segment
The Motorcycle Engine Management System Market is divided into four types based on engine displacement: Less than 250 ccs, 251 to 500 cc, 501 to 1000 cc, and greater than 1000 cc. The 251 to 500 cc sector is anticipated to be the largest throughout the forecast period among these segments. Due to rising demand for mid-sized motorcycles with sophisticated engine management systems, it is anticipated to hold a share of 27.1% in 2023 and maintain its hegemony throughout the forecast timeframe.
The Most Prominent Application is the OEM Sector
According to the application, OEMs held a significant market share of 71.2% in 2021 and will maintain this position of dominance for the duration of the forecast. This is due to an increase in the demand from automakers for better engine control systems in their vehicles and the uptake of electric vehicles.
The Most Promising Industry Sector is the Motorcycling
The motorcycle engine management system market is divided into two categories based on industry: automotive and motorcycling. Due to rising consumer demand for technologically advanced motorcycles, the motorcycle segment currently accounts for the majority of the market. The rising demand for motorbikes with customizable features like engine management systems is another factor boosting this market segment.
The Asia Pacific Region to render Ample Financing Opportunities
Geographically, the motorcycle engine management system market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa (MEA). Due to rising disposable income and increased demand for high-tech vehicles, the Asia Pacific region, which had the biggest share (32.2%) in 2023, is anticipated to maintain its lead throughout the forthcoming years.
The leading companies in the market for motorcycle engine management systems are Continental AG (Germany), NXP Semiconductors (Netherlands), Denso Corporation (Japan), Delphi Automotive PLC (UK), Magneti Marelli SpA (Italy), Hitachi Automotive Systems Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Yamaha Motor Co., Ltd. (Japan), and Infineon Technologies AG (Germany). Due to their extensive product portfolios and solid financial standing, these players have a significant position in the global motorcycle engine management system market. To offer effective solutions for motorbikes, players are also concentrating on product innovation and technology developments. As a result, the market for motorcycle engine management systems is anticipated to rise.
Recent Developments in the Motorcycle Engine Management System Market
• By dynamically enhancing traction control and anti-lock braking systems, Continental AG's BOSCH MSC Motorcycle Stability Control (MSC) technology increases rider safety and was introduced in January 2021. The market for motorcycle engine management systems is anticipated to grow greatly as a result of this technology over the following ten years.
• Yamaha introduced the Genesys X electric scooter in January 2021. It has a sophisticated powertrain control unit that is intended to maximize performance. The new engine management system contains features like variable speed control and regenerative braking that may adjust to the rider's preferences.
Motorcycle Engine Management System Market Scope
|Historic Data||2020- 2021|
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 5.24 billion|
|Growth Rate||CAGR of 6.2 % during 2022-2031|
|Segment Covered||by Type, By Application, by Industry, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Continental AG (Germany), NXP Semiconductors (Netherlands), Denso Corporation (Japan), Delphi Automotive PLC (UK), Magneti Marelli SpA (Italy), Hitachi Automotive Systems Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Yamaha Motor Co., Ltd. (Japan), and Infineon Technologies AG (Germany).|
Key Segments of the Global Motorcycle Engine Management System Market
By Type Overview, 2021-2031 (USD Billion)
- Less Than 250 cc
- 251 to 500 cc
- 501 to 1000 cc
- Larger Than 1000 cc
By Application Overview, 2021-2031 (USD Billion)
By Industry Overview, 2021-2031 (USD Billion)
By Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
Rest of South America
Middle East and Africa