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The two-wheeler ignition switch market size is forecast to increase by USD 292.99 million at a CAGR of 6.78% between 2023 and 2028. The market is experiencing significant growth due to the integration of ignition switches with other features in two-wheelers, such as immobilizers and security systems. This trend enhances the overall safety and security of the vehicle. Another major trend is the development of keyless ignition systems in two-wheelers, which offers convenience and ease of use to riders. However, recalls due to faulty ignition switches have added to manufacturing costs, posing a challenge to market growth. Manufacturers must prioritize the quality and reliability of ignition switches to mitigate the risk of recalls and maintain consumer trust.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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