January 22, 2021

postpandemic



a bicycle is jumping in the air


© Provided by The Financial Express


Bicycles are catching on in India, so much so that now we have more premium brands present and retailing here than ever before. The pandemic acted as a catalyst in pushing the pedals for the segment in the country and as we’ve been told, the mass-premium and premium bike segment has grown more than the mass category. To know more about what the future holds for two-wheeled mobility without engines in India, we got in touch with Sachin Chopra, Co-Founder & CEO, AlphaVector India Pvt Ltd, on the occasion of the company launching KTM Bikes in the country.

Sachin Chopra begins by telling us about what scale of design research goes into the premium bikes. With only a seat six inches long and five inches wide, a bike must be able to adjust to the rider in terms of frame design and geometry, and these are the areas AlphaVector has been focussing on for its products. The company has been present in the Indian market for five years now, retailing mass-premium bikes. Currently, the bicycle industry in India is dominated by the mass-premium bikes at 65 percent, the mass segment takes 30 percent and the premium bike segment takes 5 percent.

AlphaVector offers an omnichannel retail model which includes an online marketplace and dealerships as well for handling after-sales assembly and maintenance. The company offers what it calls 91Cares programme under which it sends a prefessional to the customer’s home for customisation, assembly, and maintenance.

About the growth of the bicycle market, Chopra explains that the overall market stood at $3 billion, including bicycles and spares, in 2019 before the COVID-19 pandemic broke out. The market has now swollen to $4 billion (bicycles and spares), of this $500 million make up the mass bicycles, $2.4 billion are mass-premium, and $100 million are premium bikes (Rs 30,000 and above).

You may also like: Triumph Motorcycles introduces its first e-bike as UK prepares for surge in bicycle use amid COVID

Moving on to how strong the trend on cycling will continue in India, Chopra explains that it takes about six months for a habit to change. We are now in the ninth month of the pandemic and a lot of people have already adopted a healthier lifestyle with the addition of a bicycle to their daily regime. Habits like these are not something people will easily retract from and the bicycle trend will continue in the post-pandemic era as well, especially since bikes are now not just being used for workout or leisure but also for commutes.

Hybrid bikes are catching on more since people are using their bicycles for mobility as well, combining fitness and commutes. Keeping this in mind, AplhaVector recently also launched an electric bicycle under the brand name Meraki, which Chopra says has been very popular with buyers in India and has been attracting attention from international markets as well.

Also read: Trek FX4 Sport Review: Cycling to work isn’t such a

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The number of premium bike brands is on the rise in India and now, KTM Bikes are here. We got in touch with the CEO, AlphaVector to know more about the Austrian premium bikes and the future of cycling in India.

ktm bikes price in india, ktm bicyclesktm bikes price in india, ktm bicycles

Bicycles are catching on in India, so much so that now we have more premium brands present and retailing here than ever before. The pandemic acted as a catalyst in pushing the pedals for the segment in the country and as we’ve been told, the mass-premium and premium bike segment has grown more than the mass category. To know more about what the future holds for two-wheeled mobility without engines in India, we got in touch with Sachin Chopra, Co-Founder & CEO, AlphaVector India Pvt Ltd, on the occasion of the company launching KTM Bikes in the country.

Sachin Chopra begins by telling us about what scale of design research goes into the premium bikes. With only a seat six inches long and five inches wide, a bike must be able to adjust to the rider in terms of frame design and geometry, and these are the areas AlphaVector has been focussing on for its products. The company has been present in the Indian market for five years now, retailing mass-premium bikes. Currently, the bicycle industry in India is dominated by the mass-premium bikes at 65 percent, the mass segment takes 30 percent and the premium bike segment takes 5 percent.

AlphaVector offers an omnichannel retail model which includes an online marketplace and dealerships as well for handling after-sales assembly and maintenance. The company offers what it calls 91Cares programme under which it sends a prefessional to the customer’s home for customisation, assembly, and maintenance.

About the growth of the bicycle market, Chopra explains that the overall market stood at $3 billion, including bicycles and spares, in 2019 before the COVID-19 pandemic broke out. The market has now swollen to $4 billion (bicycles and spares), of this $500 million make up the mass bicycles, $2.4 billion are mass-premium, and $100 million are premium bikes (Rs 30,000 and above).

You may also like: Triumph Motorcycles introduces its first e-bike as UK prepares for surge in bicycle use amid COVID

Moving on to how strong the trend on cycling will continue in India, Chopra explains that it takes about six months for a habit to change. We are now in the ninth month of the pandemic and a lot of people have already adopted a healthier lifestyle with the addition of a bicycle to their daily regime. Habits like these are not something people will easily retract from and the bicycle trend will continue in the post-pandemic era as well, especially since bikes are now not just being used for workout or leisure but also for commutes.

Hybrid bikes are catching on more since people are using their bicycles for mobility as well, combining fitness and commutes. Keeping this in mind, AplhaVector recently also launched an electric bicycle under the brand

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The automotive steering gearbox market is expected to grow by USD 2.06 billion during 2020-2024, progressing at a CAGR of over 2%. The report throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The pandemic has negatively impacted the market demand which has compelled several automobile manufacturers to reduce their production volumes. However, the growing demand for high torque and performance in trucks will provide new opportunities for vendors during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201112005493/en/

Technavio has announced its latest market research report titled Global Automotive Steering Gearbox Market 2020-2024 (Graphic: Business Wire)

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Automotive Steering Gearbox Market: Growing Demand for High Torque and Performance in Trucks

The growing demand for higher torque and performance figures in trucks has compelled automobile manufacturers to adopt steering gears such as RCS assist gears. These gears are TRW Automotive, a subsidiary of ZF Friedrichshafen. They are capable of providing class 8 trucks with better performance, higher torque, and increase reliability at low operating temperatures. They are also easy to install and enhance the lifespan of steering systems. The rising demand for higher torque is expected to result in further improvements in steering gears over the forecast period. All these factors are expected to positively influence the growth of the global automotive steering gearbox market during the forecast period.

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As per Technavio, the increasing adoption of electric power steering will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Automotive Steering Gearbox Market: Increasing Adoption of Electric Power Steering

The rising consumer demand for comfort, convenience, and fuel efficiency has resulted in several technological advancements in the automobile industry. For example, automobile manufacturers are adopting electric power steering and steer-by-wire systems. Such technological advancements have created a need for the development of more advanced automotive steering system components such as steering columns and steering gearboxes, among others. Moreover, electric power steering systems are more fuel-efficient compared to conventional steering systems. This has further increased the penetration of electronic power steering systems in modern automobiles. This trend is expected to foster the growth of the global automotive steering gearbox market during the forecast period.

“Stringent regulations to control emissions and the development of magnetic torque overlay will further increase the growth of the automotive steering gearbox market during the forecast period,” says a senior analyst at Technavio.

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Automotive Steering Gearbox Market: Segmentation Analysis

This market research report segments

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Technavio estimates the global automotive power window motor market to register an incremental growth of USD 518.04 million with a CAGR of over 2% during 2020-2024. The COVID-19 pandemic resulted in a significant reduction in the production of automotive components by OEMs. However, post the crisis, the demand for passenger cars is expected to increase and intensify the competition in the automotive industry. This will encourage automotive OEMs to focus on the development of several differentiated products, such as automotive power window motors, thereby influencing the market growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201111005500/en/

Technavio has announced its latest market research report titled Global Automotive Power Window Motor Market 2020-2024 (Graphic: Business Wire)

For in-depth analysis on the latest developments impacting the business of market players, Download Latest Free Sample Report

The market is fragmented, and the degree of fragmentation is anticipated to increase during the forecast period. Aisin Seiki Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Continental AG, DENSO Corp., Grupo Antolin-Irausa SA, Inteva Products LLC, Johnson Electric Holdings Ltd., Mitsuba Corp., Robert Bosch GmbH, and Valeo SA are among some of the major players in the market. Technavio advises vendors to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The growing adoption of the power window system will be instrumental in driving the growth of the market during the forecast period. However, the high chances of power window motor malfunctioning might challenge the growth of vendors.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. The report also offers a detailed analysis of new product launches in direct & indirect COVID-19 related markets, significant developments in vendor operations, and government regulations. Download a Free Sample Report with COVID-19 Impact Analysis

Automotive Power Window Motor Market 2020-2024: Segmentation Analysis

Automotive Power Window Motor Market is segmented as below:

  • Application

    • Passenger Cars

    • Commercial Vehicles

  • Geography

    • APAC

    • North America

    • Europe

    • South America

    • MEA

Based on the application, the market witnessed increased demand for automotive power window motors from the passenger cars segment. This is because most of the modern cars now come equipped with power window systems as a standard and essential feature. This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood powders market size.

During the forecast period, about 59% of the market’s overall growth is expected to originate from APAC. Automakers operating in the region are introducing advanced safety and convenience features such as telematics in mid-level and entry-level vehicles to attract customers. This is one of the key

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BEIJING (Reuters) – As COVID-19 threw a wrench into the cogs of car retailing, a senior Nissan board member challenged the chief operating officer to explain what the automaker was doing to adapt to a new era where customers may be reluctant to roam showrooms.

FILE PHOTO: Nissan’s electric vehicle (EV) Leaf is displayed at the Nissan’s booth at the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 27, 2020. REUTERS/Tingshu Wang/File Photo

The operating chief, Ashwani Gupta, told the board meeting in late July that Nissan was racing to create a “complete, end-to-end digital journey”, according to three people familiar with the discussions.

He said this would allow consumers to research cars online, have models delivered to their homes for test drives and make purchase plans without ever having to visit a dealership, if they chose not to do so, the sources told Reuters.

The meeting offers an insight into how the pandemic is pressuring automakers in all major markets to revamp their strategies to handle more vehicle sales online, veering away from the traditional showroom approach.

The change is being driven by a shift in consumer behaviour.

The number of cars sold via Nissan’s websites in China, Europe and North America combined accounted for 11% of the company’s overall sales in those markets in the first half of this year, according to the sources, who declined to be named because they are not authorized to speak to reporters.

That compared with 4-5% in the same period last year, although digital volumes were not as closely monitored then, said one of the three people, a senior Nissan executive.

“I would say these new buying behaviours, which have come up during the COVID era, are going to stick and become permanent,” the executive added. “The pandemic is changing the way we work, the way we communicate. The same is also true with buying cars.”

Some of the details and data are expected to be shared during a news conference on Nov. 12 when Nissan announces results for its fiscal second quarter ended Sept 30. Japan’s second-largest carmaker has warned of a record 470-billion-yen ($4.5 billion)loss this fiscal year ending March 2021.

A Nissan spokesman in Yokohama said there was strong demand for online shopping, which had become “irreversible with COVID-19” and the firm was addressing this in partnership with dealers.

“Nissan’s ‘Shop at Home’ experience puts customers in control at every step of the journey: to choose to shop both online and at physical dealerships,” he added.

The company’s drive is initially focused on North America and China, its biggest markets where digital sales are more advanced than elsewhere, according to the sources.

In the United States, online customers can search for a specific car from the inventories of all Nissan stores in a given area, not just one store’s stock.

In China, consumers can’t do the same, but they are open to buying cars online; in the first nine months of this year, 17% of

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