Motorcycle Handlebar Control Switches Market Size, Share, Growth, and Industry Analysis, By Type (TRX Type and Button Type), By Application (Commuter Motorcycles, Mid-segment Motorcycles and Premium Motorcycles), Regional Forecast to 2028

Updated On: 11 September 2023

REPORT OVERVIEW

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The global motorcycle handlebar control switches market size was in USD 576.9 million 2022. As per our research, the motorcycle handlebar control switches market is expected to reach USD 731.2 million by 2028, exhibiting a CAGR of 4.0% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Motorcycle handlebar control switches, often known as "handlebar controls" or "switchgear," are devices mounted on the handlebars of motorbikes that enable the rider to perform a variety of operations without removing their hands from the grips or their eyes from the road. For the rider to stay in control and stay safe, these switches are crucial. The rider can modify settings, turn on lights, signal turns, and carry out other crucial tasks without having to reach for separate controls on the bike's body because to their simple accessibility and straightforward operation.

In order to convey the rider's intention to turn or change lanes, handlebar control switches typically incorporate buttons or switches to activate the motorcycle's turn signals. On the motorcycle, there are switches for the headlights (high and low beams), taillights, brake lights and occasionally even auxiliary or fog lights. For emergencies, a horn button is typically present to warn other drivers. The rider can start the engine without using a key by pressing the engine start/stop button, which is frequently found on the handlebar controls. Electronic systems with different riding modes, traction control settings, and other programmable features are common in contemporary motorcycles. These modes and settings are navigated and chosen using handlebar controls.

COVID-19 Impact: Supply Chain Disruptions to Hinder Market Growth

Lockdowns, travel restrictions, and the closing of production facilities caused supply chain disruptions in many different industries. Handlebar control switches, among other motorcycle parts, may have experienced delays as a result of this. Lockdowns and social isolation tactics may have had an impact on the ability of businesses making motorcycle parts to produce their products. Production of these parts can be delayed as a result of reduced staffing or temporary shutdown. As people looked for alternatives to public transportation, there was an upsurge in the demand for motorcycles and other forms of personal mobility in some areas. Increased demand for motorcycle parts, such as handlebar control switches, may have resulted from this.

LATEST TRENDS

"Integration of Electronics to Enhance Market Growth"

More electrical devices were being combined with motorcycle handlebar control switches. This includes options for handling bar-mounted controls to modify riding modes, traction control, and even navigation settings. Manufacturers concentrated on creating user-friendly handlebar controls that offered a smooth experience. This includes intuitive switch placement, tactile feedback, and ergonomic designs for ease of operation while riding. Manufacturers of motorcycles began adding LED indicators and lights into handlebar control controls as LED technology developed. Safety is increased by the energy-efficiency and improved visibility of LED lights.

SEGMENTATION

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• By Type

Based on type market is classified as TRX Type and Button Type.

• By Application

Based on application market is classified as commuter motorcycles, mid-segment motorcycles and premium motorcycles.

DRIVING FACTORS

"Technological Advancements to Augment Market Growth"

More functionality has been incorporated into handlebar control switches as a result of technological advancements in electronics, sensors, and networking. This increases the need for advanced control switches by enabling features like traction control, navigation, and riding mode adjustment. Rider comfort and safety are ongoing priorities for motorcycle manufacturers. By providing features like heated grips, emergency shutdown switches, and hazard lights, handlebar control switches play a crucial role in this. Riders who value safety are more inclined to look for motorcycles with sophisticated control features. Motorcycles that offer a comfortable and convenient ride are becoming more and more in demand. The user experience is improved by well-designed handlebar control switches that are simple to reach and use, which may have an impact on purchasing decisions.

"Customization Trends to Propel Market Growth"

Customised designs and aesthetics are more popular now than ever before because to the motorbike industry's customising trend. Some riders look for distinctive handlebar control switches that go with their motorcycles' overall modification concept. The development of LED indicators and lights built into handlebar control switches has been influenced by the introduction of LED lighting technology in bikes. Longer lifespans, energy efficiency, and increased visibility are all benefits of LED lighting. The popularity of electric motorcycles has created new chances for handlebar innovation.

RESTRAINING FACTORS

"Technological Complexity to Impede Market Expansion"

Manufacturing prices may rise if handlebar control switches incorporate cutting-edge features and technology. If manufacturing motorcycles with these cutting-edge controls’ costs too much, some manufacturers would be discouraged from using them extensively. While technical development is a motivating force, it might be difficult to integrate various tasks into handlebar control switches. It might be challenging to create user-friendly user interfaces that don't overload riders with too many options. The compatibility of new handlebar control switches with current motorcycle models must be taken into account by motorcycle manufacturers. The cost-effectiveness and viability of retrofitting new technologies into older models are not always guaranteed.

REGIONAL INSIGHTS

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"Asia-Pacific to Dominate the Market Due to Large Number of Manufacturers"

The Asia-Pacific area has long been a major centre for motorcycle manufacture and innovation. These nations are home to some of the biggest motorcycle manufacturers in the world and have a sizable motorcycle handlebar control switches market. The need for handlebar control switches is high due to the sheer number of motorcycles manufactured in this area. This demand is influenced by urbanisation, economic growth, and the rising use of motorcycles for transportation. As a result, there is a big motorcycle handlebar control switches market share in this area for premium and cutting-edge handlebar control switches.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Continental (Germany)
• HELLA (Germany)
• Honeywell International (U.S.)
• UNO Minda (India)
• ZF Friedrichshafen (U.S.)
• K&S Technologies (U.S.)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.