About Motorcycle Accessories
Some of the major products of motorcycle accessories are protective gear, frames, and fitting, lighting, arm sleeves, gloves, among others. Demand for motorcycle accessories has increased, due to the increasing number of motorcycle accessories in the Asia Pacific region. For instance, according to an article published by the Government of India, The total production of Two Wheelers was more than 4271327 in the year 2001-02. However, in the year 2012-13, it increased to 15721180. Hence, rising number two wheels will affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The motorcycle accessories market is highly fragmented with the presence of local and regional players operating in the market. Some of the major players operating in the market are Alpinestars S.p.A (Italy), Bajaj Auto Limited (India), Akropovic (Slovenia), Honda Motor Company, Ltd. (Japan), Suzuki Motor Corporation (Japan), among others. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Motorcycle Accessories market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alpinestars S.p.A (Italy), Bajaj Auto Limited (India), Akropovic (Slovenia), Honda Motor Company, Ltd. (Japan), Suzuki Motor Corporation (Japan), Hero Motocorp Limited (India), Ducati Motor Holding S.P.A (Italy) and KTM AG (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Loncin Motorcycle (China), Sena Technologies, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motorcycle Accessories market by Type (Protective Gear, Frames and Fitting, Lighting {Headlight, Flasher}, Arm Sleeves, Gloves, Bags & Luggage, Bike Jackets, Batteries and Others) and Region.
On the basis of geography, the market of Motorcycle Accessories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Multi Brand Retail {Organized Retail Outlet, Independent Outlets} will boost the Motorcycle Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Motorcycle Type, the sub-segment i.e. Standard will boost the Motorcycle Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Number of Customer from Online Channel
Market Growth Drivers:
Rising Trends in Motorcycle Racing as well as High Population Growth and Increasing Usage of Motorcycle Accessories in Various Application
Challenges:
High Cost Associated with the Raw Materials as well as Changing Technology
Restraints:
Change in Trends as well as Dynamics with Government Norms
Opportunities:
High Disposable Personal Income in Regions, such as Europe and North America and Growing Demand from Emerging Market
Market Leaders and their expansionary development strategies
In November 2021, MotorCycle Holdings Lime, Australia’s leading motorcycle dealership and accessories group, will expand its operations into New Zealand through the proposed acquisition of Forbes and Davies.
In March 2023, Suzuki Motorcycle has introduced a new range of apparel and merchandise including riding gears, key chains, t-shirts and more. Available at all premium Suzuki Motorcycle dealerships across the country, the new 2023 collection, as per Suzuki, takes inspiration from the Suzuki Hayabusa and the “lifestyle of a motorcycle enthusiast”.
Key Target Audience
Manufacturers of Motorcycle Accessories, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.