Global Motorcycle Oxygen Sensor Market 2017-2021

Overview of the global motorcycle oxygen sensor market

Technavio’s market research report predicts that the global motorcycle oxygen sensor market will grow at a CAGR of above 14% during the forecast period.   The introduction of stringent emission norms for two-wheelers is one of the primary drivers for market growth. The increasing levels of emissions from vehicles have induced the developing countries such as India and China to take strict measures to regulate standards for two-wheeler emissions. This will induce manufacturers to equip their fuel injection systems with enhanced oxygen sensors in different models of the motorcycles. For instance, India is set to implement BS VI by 2020 and the Indian government has already made plans to introduce new emission standards for both two-wheelers and three-wheelers in the country. The exhaust treatment equipment will have the major improvements due to the introduction of these emission standards. Though these regulations will fuel market growth, the advancement to fuel injection systems and the upgradation of other emission control equipment will also increase the price of two-wheelers.

One of the latest trends that will gain traction in the global motorcycle oxygen sensor market is the improvement of performance in lower displacement bikes. Premium motorcycle manufacturers are providing features such as fuel-injection systems on their lower displacement bikes to enhance performance figures and raise the market penetration of two-wheelers in regions such as APAC. Moreover, fuel injection is also becoming the standard fitment in motorcycles. This will increase the market penetration of premium motorcycle brands with customized products and will develop a new two-wheeler sub-segment for premium high-performance entry-level two-wheelers.

Competitive analysis and key vendors