Skip to main content

Two Wheeler Accessories Aftermarket Future Trends, Industry Size and Forecast to 2031

 As per Future Market Insights analysis, the two wheeler accessories aftermarket is projected to be valued at US$ 17.1 Bn in 2021, expanding at a CAGR of 8.6% over the forecast period of 2021-2031.

Rising traffic issues on roads due to congestion caused by four-wheelers or heavy vehicles is expected to remain a key factor driving the growth of the two wheeler accessories aftermarket throughout the forecast period.

The ongoing crisis caused by COVID-19 pandemic has caused severe impact on the global economy. It has resulted in complete shutdown of the supply chain networks and manufacturing activities. This has subsequently affected the two wheeler accessories aftermarket causing a significant fall in the market growth.

However, two wheeler accessories aftermarket is expected to recover sharply as the economic activity resumes post the containment of pandemic.

Two wheeler accessories are increasingly adopted across the world. Demand is expected to remain high especially in North American and European countries. It has been observed that there is Increase in motorcycle touring since past few years, which has boosted the use of motorcycles for recreational and leisure purposes. This in turn, will lead to high demand for two wheeler accessories.

Key Takeaways of Two Wheeler Accessories Aftermarket Study

  1. On the basis of sales channel, independent outlets segment is estimated to account for a significant share in the global two wheeler accessories aftermarket as the number of independent repair shops are increasing globally.
  2. Based on two wheeler type, standard motorcycle segment is expected to maintain its dominance over the forecast period.
  3. According to the analysis, China will continue registering high growth at 9.6% CAGR, accounting for maximum sales in East Asia two wheeler aftermarket.
  4. South Asia & Pacific is anticipated to ride on high demand in India, which will account for nearly half of sales in two wheeler accessories aftermarket through 2031.
  5. Sales in Japan two wheeler accessories aftermarket will total US$ 1.3 Bn by 2031.

 “Two wheeler accessories play a crucial role in improving the overall ride experience along with providing high safety quotient to the rider. Geographical expansion and product launches are some of the primary strategies adopted by prominent players to sustain in the global two wheeler accessories aftermarket,” says a Future Market Insights analyst.

Two wheeler accessories aftermarket is expected to be an opportunistic market in the forecast period owing to increase in sales of accessories through online platforms and convenience offered by online distribution channels. Manufacturers are focusing on research & development for advanced products with higher durability and improved life cycle to gain competitive edge. These factors are expected to positively influence demand for two wheeler accessories during the forecast period, subsequently pushing sales in two wheeler accessories aftermarket.

Key Market Segments Covered

By Product Type:

  • Handle Accessories
    • Handlebars
    • Grips
  • Electrical & Electronics
    • Lightings
    • Horns
  • Frames & Fittings
    • Crash Protection
    • Windshield
    • Foot Pegs
  • Protective Gear
    • Helmets
    • Professional Body Wear
  • Bags & Carriage Frames
  • Exhaust Accessories
  • Seat Covers
  • Security Systems

By Two Wheeler Type:

  • Standard Motorcycle
  • Cruiser Motorcycle
  • Sports Motorcycle
  • Standard Scooter
  • Maxi Scooter
  • Mopeds

By Sales Channel:

  • Online
  • Authorized Outlets
  • Independent Outlets

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Competitive Landscape

The two wheeler accessories aftermarket is moderately fragmented, in which the leading players account for nearly half of the market share. The penetration of small regional players makes this market more competitive.

Some of the key players in the market are TVS Motor Company , Yamaha Motor Company Ltd, Hero Motocorp Ltd, Harley- Davidson Inc, Vega Auto Accessories Pvt. Ltd, Studds Accessories Ltd, Om Steel Industries, Osram Licht AG, AGV Sports Group, GIVI Srl, Steelbird Hi- Tech India Pvt. Ltd, YF Protector Co. Ltd, Foshan Xinmatuo Motorcycle Parts Industrial Company, Akrapovic d.d, Aplinestars USA Inc, AltRider LLC, Barracudamoto S.r.l, Cobra USA Inc., EMGO International Ltd.,  Jiangmen Pengchang Helmets Ltd.,  Motorsport Aftermarket Group, RIVCO Products Inc., Rizoma S.r.l, Scorpion Sports Inc. among others. These players have higher shares in the global market, and have longstanding relationships with a number of distributors, giving them an upper hand among their peers.

For More Info@ https://www.futuremarketinsights.com/reports/two-wheeler-accessories-aftermarket

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geographi
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov
Post a Comment
Read more