Motorcycle Cruise Control Market Size, Share, Growth, and Industry Analysis, By Type (Top Kit and Bottom Kit), By Application (OEMs and Aftermarkets), and Regional Forecast To 2031

Updated On: 08 April 2024

Motorcycle Cruise Control Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global motorcycle cruise control market size was USD 239.9 million in 2022 & the market is expected to reach USD 759 million in 2031, exhibiting a CAGR of 13.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the motorcycle cruise control market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Motorcycle cruise control refers to a system that control speed of a motor vehicle. The system is design to reduce hand exhaustion, distress and pain during long ride. Motorcycles and other automobiles also have electronic cruise control that are efficient to operate the throttle by a servo. The systems can be either factory-installed by the motorcycle manufacturer, or installed as an aftermarket accessory.

The market for motorcycle cruise control is predicted to grow exponentially with an outstanding CAGR during the forecast period as more riders seek out the convenience and comfort of cruise control on their motorcycles. The market is mainly driven by the rising demand for entry-level premium motorcycle, growing necessity for speed controller, and predilection for fuel-efficient automobile. Besides, the market is segmented by type, by application, by geographical expansion of the market. In terms of type of product, top kits and bottom kits are most popular in the market. whereas, OEMs and aftermarkets are the prevalent application segment to create impressive demand for the product in the coming years.

COVID-19 Impact: Pandemic Decrease Demand for Motorcycles and Related Accessories

The COVID-19 pandemic has a negative impact on automotive industry and caused a significant decrease in demand for motorcycles and related accessories as many people faced financial hardships and travel restrictions, resulting in less motorcycle use. This decrease in demand affected the sales of motorcycle cruise control systems as well, as fewer people were purchasing motorcycles and seeking out additional features and accessories. However, the rising demand for sports and premium motorcycles are expected to contribute to enhance the demand for motorbike cruise control in the coming years which will aid the growth of the market.

Latest Trends

"Trend of Adaptive & Electronic Throttle Cruise Control Extend Market Space"

The motorcycle cruise control market has been expanding with an exception growth rate over the last few years with stirring various innovations and trends in the market. For instance, adaptive cruise control, electronic throttle control, and automatic stop/start are some of the leading trends to accelerate market growth. In addition to this, manufacturers are offering adaptive cruise control systems, which use sensors to automatically adjust the motorcycle's speed to maintain a safe distance from other vehicles on the road. As well, some cruise control systems can automatically shut off the engine when the motorcycle comes to a stop, and then start it up again when the rider is ready to move. Therefore, these trends and developments are credited to sprout out the demand for the tools as well as motorcycle cruise control market growth over the projection period.

Motorcycle Cruise Control Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be bifurcated into Top Kit and Bottom Kit.

•  By Application Analysis

Based on application, the market can be divided into OEMs and Aftermarkets.

Driving Factors

"Rising Demand for Entry-Level Premium Motorcycle & Safety Support the Market Growth"

One of the major factors to drive the growth of the market is the rising demand for entry-level premium motorcycle and the safety of the rider. In recent years, a hike in demand for motorbike has been seen. Along with this, a growing number of bike riders has been seeking the motorbike cruise control for their safety. As, cruise control systems can help riders maintain a consistent speed, reducing the risk of speed-related accidents. This feature is particularly important for long highway trips where riders may become fatigued. Such factors are accelerating the demand for the system and will contribute to the growth of the market.

"Growing Necessity for Speed Controller Boost the Demand for Cruise Control Device"

The growth of the market is also driven by the growing necessity for speed controller and increasing popularity of long-distance touring. With the popularity of long-distance touring on motorcycles, the demand for features that improve rider comfort and convenience is also augmenting. Consequently, the necessity of cruise control systems is becoming more of a must-have for many riders who travel long distances frequently and aiding the market growth during the forecast period.

Restraining Factors

"High Cost & Compatibility Can Restrict the Market Growth"

The growth of the market may impact due to expansive cruise control systems, especially if they are factory-installed rather than an aftermarket accessory. This cost can be a barrier for some riders who are not willing to invest in additional features for their motorcycles. Compatibility can be another aspect to hamper the market growth as not all motorcycles are compatible with cruise control systems, which can limit the potential market for these products.

Motorcycle Cruise Control Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"North America Leads the Market with Strong Demand for Cruise Control Systems"

In terms of market shares, North America has been a dominant region in the motorcycle industry for many years, and this has translated into strong demand for motorcycle cruise control systems in the region. The increasing popularity of long-distance touring and the availability of advanced technologies have contributed to the growth of the motorcycle cruise control market in North America. Also, the region is accounted for the highest motorcycle cruise control market shares globally.

Key Industry Players

"Leading Companies Focus on Product Innovation and Distribution Network to Retain their Market Position"

With regard to key players, major companies in the motorcycle cruise control market lead the market through a combination of product innovation, strong distribution networks, brand recognition, excellent customer service, and partnerships and collaborations. By leveraging these factors, they are able to maintain their position as market leaders and continue to grow their businesses. Moreover, some of the prominent companies such as Murphs'Kits, Rostra, Motorcycle Cruise Controls, Juliano's Hot Pod Parts are the leading companies to stimulate the market growth.

List of Market Players Profiled

• Murphs'Kits
• Rostra
• Motorcycle Cruise Controls
• Juliano's Hot Pod Parts

Report Coverage

This report defines the motorcycle cruise control market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.