Motorcycle Handlebar Control Switch Market

Motorcycle Handlebar Control Switch Market Outlook (2023 to 2033)

The global motorcycle handlebar control switch market is valued at US$ 5.58 billion in 2023 and is forecasted to climb to US$ 8 billion by 2033, rising at a CAGR of 3.6% from 2023 to 2033 (forecast period).

A motorbike handlebar is an essential portion of a bike that houses the mirror, the start button, the throttle, the front brake, the clutch handle, an indicator switch, and controls for the lights. Motorcycle handlebar control switches are those that are mounted on the motorcycle's handlebars. These switches are essential to the motorcycle since they perform crucial tasks such as turning on the headlights, honking, and flashing the turn signal while turning.

Among the various types of switches are signal switches, horn switches, brake-light switches, and headlight dip switches. Signals are sent to the motorcycle's numerous electrical components using these control switches. Control switch modules now support a wider variety of functions in addition to design improvements.

• Semtech Corporation is a supplier of analog and mixed-signal semiconductors. The automotive industry was the target market for the company's most recent FemtoSwitch load switches. These switches are perfect for preserving battery life in devices such as automotive smart keys because they have very low quiescent current and shutdown current.

The global market for motorcycle handlebar control switches is benefitting from ever-rising demand for bikes, which is leading to higher volume sales across all categories. Control switches on handlebars are needed for all types of motorcycles. Globally, sales of motorcycles are increasing as disposable income increases and the urban population grows, which is complementing the sales of control switches as well.

Businesses are making significant investments in the production of more efficient, custom control switch modules and designs; load, voltage, mountings; and approval temperature devices. All in all, rising motorcycle volume sales are directly driving the growth of the motorcycle handlebar control switch market on a global scale.

Fact.MR, a market research and competitive intelligence provider, expects that demand for motorcycle handlebar control switch products will increase consistently over the forecast period.

Report Attributes	Details
Motorcycle Handlebar Control Switch Market Size (2022)	US$ 5.39 Billion
Estimated Market Value (2023)	US$ 5.58 Billion
Projected Market Value (2033)	US$ 8 Billion
Global Market Growth Rate (2023 to 2033)	3.6% CAGR
Market Share of Mid-Segment Motorcycles (2023)	25.1%
Companies Profiled in Motorcycle Handlebar Control Switch Market	Plastic Omnium SA Magna International, Inc. Futaba Industrial co., ltd. Toyoda Gosei Co., ltd. Hyundai Mobis Co., ltd. Faurecia SA Toray Industries, Inc. Toyota Boshoku corporation Plastic Omnium Smp Deutschland GmbH

Which Driving Factors are Influencing the Demand for Motorcycle Handlebar Control Switches?

“Implementation of Electromechanical Systems to Drive Market Growth”

The increasing electrification of motorcycle systems and controls is one of the key drivers of the market for handlebar control switches. Manufacturers in the motorcycle handlebar control switch industry are incorporating several electromechanical systems into their most recent models.

Control switch manufacturers can put extra functionality into these modules due to increased electrification. By cramming more features into the handlebar control switch's small size, they can be used more effectively. The market for motorcycle handlebar control switches is anticipated to grow as more bike models become electric.

“Rising Standard of Living and Disposable Income Driving Sales of Motorbikes”

Rising consumer disposable income, industrialization, and urbanization, especially in developing countries are pushing the sales of motorcycles. Demand for vehicles is increasing as a result of the rapid development of infrastructure in developing nations. The production and sales of automobiles directly correlate with market growth for automotive switches.

Emerging economies are expanding rapidly and citizens in developing countries now have higher average disposable income, which has raised their standard of living. The need for motorcycle handlebar switches has increased as a result of the rapid increase in the sales of two-wheelers.

• The CSW automotive switch series was introduced by the switch and circuit breaker manufacturer Carling Technologies in September 2019. The device has a multi-position rotary, momentary pushbutton functionality, and a three-position lever that are well-suited for a variety of vehicles. Several automobile switches have been introduced to the market by Carling Technologies.

Which Factor is Anticipated to Limit Market Expansion to Some Extent?

“High Cost of Raw Material to Impede Market Progress”

Plastics, metal sheets, and plating materials are among the basic materials used to manufacture electrical switches. Typically, noble metals are employed as the plating material. As a result, the price of these metals changes in the market, which in turn affects how much the switches cost to create, limiting their market expansion.

What are the Challenges Faced by Manufacturing Companies?

“No Room for Product Differentiation Reduces Competitive Advantage for Manufacturers”

Switches as a product are quite similar to those made by other manufacturers because there is very little difference in functionality and quality. Hence, a manufacturer cannot be said to have a competitive advantage over its rivals. As a result, there are many options available to clients in the market. The absence of differentiation in manufacturer's products presents them with significant difficulty in increasing their market share.

Country-wise Insights

Why is China & India Huge Markets for Motorcycle Handlebar Control Switch Manufacturers?

“Huge Female Labor Force and Rising Disposable Income”

With significant demand for motorcycles in countries such as China and India, the Asia Pacific region is currently leading the global industry. Demand for motorcycles in these countries is mostly driven by increased female labor force participation and rising per-person disposable income. India and China will provide most of the revenue for market players over the next ten years.

Which Factors are Promoting Market Expansion in the United Kingdom & Germany?

“High Popularity of Premium Motorcycles”

Europe is a prominent market for premium motorcycles, which presents numerous opportunities for the market's steady expansion over the coming years. The market has seen a noticeable increase attributed to a large population of premium motorcycle owners and strict pollution regulations for motorcycles.

The market for motorcycle handlebar control switches is anticipated to expand significantly over the next few years as premium motorcycles-which house many control switches-become more and more popular in Germany and the United Kingdom.

Category-wise Insights

Why are Buttons So Widely Used on Motorcycle Handlebars?

“Buttons Offer Superior Durability and Easy Functionality”

Buttons are most widely used on handlebars since they offer superior durability and dependability, and this segment is set to account for a leading market share during the predicted period. Buttons are designed in a way that makes it possible to operate them without the need for any mechanical components such as springs, levers, or gears. Buttons are used to activate or deactivate a variety of features, including high beams, lights, and indicators. They come in a variety of sizes and forms.

Will We See Higher Usage of Handlebar Control Switched in High-end Bikes?

“Rising Popularity of Multiple Functional Switches in Premium Motorbikes”

Premium motorbike handlebars have various buttons that allow the riders to operate the headlights, heated grips, and windshield wipers, besides various other features. In high-end bikes, handlebar control switches are mostly used to manage the engine speed, headlamp beams (high-beam/low-beam), emergency danger lights, temperature, engine cut-off switches, and turn signal lights.

With high-end motorcycles coming with so many extra features and components, handlebar control switches play an important role in these variants, and this factor will keep the segment moving ahead at a decent pace over the coming years.

Competitive Landscape

Continental, HELLA, Honeywell International, UNO Minda, ZF Friedrichshafen, K&S Technologies, and Wutang- Honda Motors are key players in the motorcycle handlebar control switch market.

The report also details prominent market players, key partnerships, mergers, and acquisitions, as well as innovations and business practices in the market. Market fragmentation for motorcycle handlebar control switches is average. The market has matured to the point where several manufacturers compete by providing products such as electronic handlebar assemblies, key and rotary switches, motorcycle switches, and motorcycle handlebar accessory switches.

• For US$ 40 million, Stoneridge, Inc., a maker of automotive parts, sold its Pollak business to Standard Motor Products, Inc. in April 2019. A variety of engine management components, including automotive switches, sensors, and connectors, are being distributed by the company, which also plans to grow its commercial operations in Canton, Massachusetts, El Paso, Texas, Juarez, and Mexico.

Motorcycle Handlebar Control Switch Industry Segmentation

• By Type :

  • TRX Type
  • Button Type

• By Application :

  • Commuter Motorcycles
  • Mid-Segment Motorcycles
  • Premium Motorcycles

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific & China
  • Middle East & Africa