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Global Motorsport Transmission Market 2018-2022 | Increased Telecast and Viewership for Off-road Racing Events to Boost Demand | Technavio

November 20, 2018

LONDON--(BUSINESS WIRE)--Nov 20, 2018-- analysts forecast the global motorsport transmission market to grow at a CAGR of over 3% during the forecast period, according to their latest market research report.

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Technavio has released a new market research report on the global motorsport transmission market for the period 2018-2022. (Graphic: Business Wire)

Increasing electric car racing is one of the major trends being witnessed in the . The increasing necessity for emission control has compelled many auto manufacturers to shift their focus toward electric vehicles. As a result, electric cars have penetrated motorsport events. In 2014, the Formula E Championship was started, and it has gained a major fan base due to high-tech nature and superfast speeds of Formula E cars. The electric cars race against each other for 50 minutes, and every team must have two electric cars.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global motorsport transmission market is the increased telecast and viewership for off-road racing events:

Global motorsport transmission market: Increased telecast and viewership for off-road racing events

Off-road racing cars use a manual synchromesh transmission with a hydraulic torque converter. Until 2012, such off-road races were not aired for a substantial period of time on TV, but this scenario has improved in terms of increased broadcasting of such events.

According to a senior analyst at Technavio for research on automotive components, “The television ratings for telecasting these events are improving every year, and sponsors are getting better value for money and TV networks are willing to devote more than 100 hours of broadcasting time to the world’s best short course off-road competition. The increase in viewership and the telecast for off-road motorcycle events is expected to have a major impact in raising the awareness for the events, which will drive the global motorsport transmission market.”

Global motorsport transmission market: Segmentation analysis

The global motorsport transmission market research report provides market segmentation by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

EMEA led the market in 2017 with a market share of over 46%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share over the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181120005544/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE OFF-ROAD TRUCKS & SUVS GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/20/2018 11:21 AM/DISC: 11/20/2018 11:20 AM

http://www.businesswire.com/news/home/20181120005544/en

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