Product Code: ETC367464 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India motorcycle tachometers market import shipments exhibited a strong growth trend with a notable CAGR from 2020-2024. However, there was a significant decline in growth rate between 2023-2024, indicating a temporary slowdown. Overall, the market expansion has shown signs of stabilization towards the end of the period.
The India Motorcycle Tachometers Market was valued at USD 0.2 billion in 2025 and is expected to reach USD 0.3 billion by 2031, registering a CAGR of 7%. This growth can be attributed to the increasing preference for motorcycles over cars owing to their superior fuel efficiency combined with low maintenance costs coupled with increased awareness regarding benefits associated with usage of tachometers for monitoring engine performance among consumers have been driving the motorcycle tachometer market in India over the past few years.
The motorcycle tachometers market in India is witnessing steady growth, driven by several factors. One of the key drivers is the increasing demand for motorcycles in the country due to their cost-effectiveness and convenience, especially for daily commuting. As more people opt for motorcycles, the need for efficient and accurate tachometers to measure engine RPM (Revolutions Per Minute) becomes essential for performance monitoring and maintenance. Additionally, the growing popularity of sports and premium motorcycles further boosts the demand for high-quality tachometers that provide precise RPM readings during high-speed rides and track performances. Furthermore, the adoption of digital tachometers with additional features like gear shift indicators and fuel efficiency displays enhances the overall riding experience, encouraging more consumers to invest in these devices. The motorcycle aftermarket segment also contributes to the market growth, as riders often seek aftermarket tachometers to upgrade and customize their motorcycles with advanced instrumentation.
The motorcycle tachometers market in India has seen growth due to the increasing popularity of motorcycling and the desire among riders to monitor their engine`s RPM (revolutions per minute). However, the market faces certain challenges. One of the primary challenges is the presence of lower-priced motorcycles that may not come equipped with tachometers as standard features. As cost-conscious consumers opt for more budget-friendly bikes, the demand for aftermarket tachometers may be limited. Additionally, the availability of cheap and sometimes unreliable aftermarket tachometers may raise concerns about accuracy and reliability among potential buyers. Motorcycle manufacturers and tachometer suppliers need to address these challenges by offering affordable, reliable, and accurate tachometer solutions that cater to the diverse motorcycle segment in India.
The India motorcycle tachometers market faced challenges during the COVID-19 pandemic. The lockdowns and restrictions on mobility resulted in reduced motorcycle sales and production. As a result, the demand for motorcycle accessories, including tachometers, also witnessed a decline. Motorcycle manufacturers and aftermarket suppliers faced operational disruptions, impacting the supply of tachometers to the market. However, as economic activities resumed and consumer confidence improved, the motorcycle market started recovering, leading to a gradual resurgence in the demand for tachometers. The market is expected to stabilize as the vaccination efforts and containment measures bring about a return to normalcy, driving the need for motorcycles and associated accessories.
The India motorcycle tachometers market has witnessed steady growth due to the increasing popularity of motorcycles and the need for precise RPM (revolutions per minute) measurement. Key players in this market include well-established automotive electronics manufacturers such as Bosch, Visteon Corporation, and Delphi Technologies. These companies offer a wide range of tachometers with advanced features like digital displays, shift lights, and customizable settings. Local players like Pricol and U-Fo offer cost-effective tachometer solutions catering to the budget-conscious consumers. As the demand for motorcycles and two-wheelers continues to rise in India, the competition among these key players is expected to intensify, leading to further technological advancements and product innovations in the motorcycle tachometers market.