Motorcycle Accessories Market Introduction and Overview
According to SPER Market Research, the Global Motorcycle Accessories Market is estimated to reach USD 15.83 billion by 2033 with a CAGR of 5.56%.
The report includes an in-depth analysis of the Global Motorcycle Accessories Market, including market size and trends, product mix, applications, and supplier analysis. The items or add-ons that motorcycle riders choose to improve performance, comfort, and safety are known as accessories. Accessories for motorcycles include coverings, protective clothing, crash guards, and other items that raise the motorcycle's perceived worth. Furthermore, the introduction of modern BS IV engines and strict laws governing the emission of harmful gases would boost sales of traditional bikes and immediately drive up demand for motorcycle accessories. High-tech additions that improve riding safety, convenience, and overall pleasure are becoming more and more popular among riders. The attractiveness of contemporary motorbike accessories is further enhanced by their integration with smartphone applications and communication functions.
- December 2021: TVS Motor Company and the multinational automotive conglomerate BMW Motorrad deepened their cooperation in December 2021 when they partnered in the electric car market. Within the following 24 months, the businesses want to release the first electric two-wheeler.
- April 2023: Metalverse, an internal manufacturing venture, was introduced by Bandidos Pitstop, a well-known motorcycle accessory shop and online supplier, in April 2023. Metalverse's Coimbatore factory, which produces a variety of accessories, has modern technology installed. There was a ceremony to mark the formal opening.
Market Opportunities and Challenges
A growing number of motorcycle riders are employing helmet displays and visors as accessories to help them stay focused. Smart helmets are growing in popularity as the market for motorbike accessories expands. Technological advancements have led to a global preference and demand for smart products, prompting makers of motorbike accessories to put smart accessories into the market. The industry has seen a rise in accessory demand due to a rise in tourists traveling across oceans and the excitement of millennials for bicycling around the globe. Global revenue share will increase as a result of growing consumer demand for convenient, affordable travel and the accessibility of online motorbike replacement parts.
Economic Conditions: Downturns in the economy can have an effect on consumer spending on accessories and other non-essential purchases by lowering disposable income. The market for some accessories may be impacted by changes to the regulatory environment regarding emissions, safety standards, or vehicle customizations. Fierce competition may lead to price wars between retailers and manufacturers, which would reduce profit margins. Availability of Products That Are Not Real: Sales of real accessories may suffer from the presence of counterfeit products in places where buyers are price conscious. The swift advancements in vehicle technology might render earlier accessories obsolete, therefore requiring customers to make financial commitments and regular updates.
Market Competitive Landscape
Many vendors are present in the worldwide motorcycle accessory industry, with the goal of providing clients with comprehensive consultancy and integration services. Businesses are also looking for specialist service providers that can give solutions that are specifically tailored to meet their goals. Key targets are Alpinestars USA Inc., Arial Helmet Europe BV, Bayerische Motoren Werke AG, Caberg S.p.a, Dainese S.p.a, FLY Racing, FOX HEAD Inc., Garmin Ltd, Harley Davidson Inc., Leatt Corp.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, Motorcycle Type, Distributional Channel, Market Type
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Alpinestars USA Inc., Arial Helmet Europe BV, Bayerische Motoren Werke AG, Caberg S.p.a, Dainese S.p.a, FLY Racing, FOX HEAD Inc., Garmin Ltd, Harley Davidson Inc., Leatt Corp. |
COVID-19 Impact on Global Motorcycle Accessories Market
The COVID-19 pandemic had a major effect on the motorcycle accessories market because lockdowns, a disturbance in the supply chain, and unpredictability in the economy reduced consumer purchasing. Accessories became less in demand as motorcycling-related activities decreased and mobility constraints increased. Problems with manufacturing and delivery made matters worse and hampered the expansion of the sector. The motorcycle accessories sector encountered difficulties during the pandemic, highlighting the industry's vulnerability to worldwide crises and disruptions.
Key Target Audience:
- Motorcycle Enthusiasts
- Motorcycle Owners
- Motorcycle Riders
- Motorcycle Clubs and Communities
- Motorcycle Dealerships and Repair Shops
- Gifts Buyers
Our in-depth analysis of the Motorcycle Accessories Market includes the following segments:
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By Product Type: |
Protective Gear
Frames and Fittings
Lighting
Headlights
Flashers
Bags and Luggage
Batteries
Others
|
|
By Motorcycle Type: |
Standard
Cruiser
Sports bikes
Touring
Dual-Purpose
Scooters
|
|
By Distributional Channel: |
Multi brand Retail
Organized Retail Outlets
Independent Outlets
Single Brand Retail
E-Retail
|
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By Market Type: |
Original Equipment Market (OEM)
Aftermarket
|
Key Topics Covered in the Report:
- Global Motorcycle Accessories Market Size (FY’2024-FY’2033)
- Overview of Global Motorcycle Accessories Market
- Segmentation of Global Motorcycle Accessories Market By Product Type (Protective Gear, Frames and Fittings, Lighting (Headlights, Flashers), Bags and Luggage, Batteries, Others.)
- Segmentation of Global Motorcycle Accessories Market By Motorcycle Type (Standard, Cruiser, Sports bikes, Touring, Dual-purpose, Scooters, Mopeds).
- Segmentation of Global Motorcycle Accessories Market By Distribution Channel (Multi brand Retail (Organized Retail Outlets, Independent Outlets), Single Brand Retail, E-Retail).
- Segmentation of Global Motorcycle Accessories Market By Market Type (Original Equipment Market, Aftermarket).
- Statistical Snap of Global Motorcycle Accessories Market
- Expansion Analysis of Global Motorcycle Accessories Market
- Problems and Obstacles in Global Motorcycle Accessories Market
- Competitive Landscape in the Global Motorcycle Accessories Market
- Impact of COVID-19 and Demonetization on Global Motorcycle Accessories Market
- Details on Current Investment in Global Motorcycle Accessories Market
- Competitive Analysis of Global Motorcycle Accessories Market
- Prominent Players in the Global Motorcycle Accessories Market
- SWOT Analysis of Global Motorcycle Accessories Market
- Global Motorcycle Accessories
- Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Motorcycle Accessories Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Motorcycle Accessories Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Motorcycle Accessories Market
7. Global Motorcycle Accessories Market, By Product Type (USD Million) 2020-2033
7.1. Global Motorcycle Accessories Market Size, Share and Forecast, By Product Type, 2020-2026
7.2. Global Motorcycle Accessories Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Protective Gear
7.4. Frames and Fittings
7.5. Lighting
7.5.1 Headlights
7.5.2 Flashers
7.6. Bags and Luggage
7.7. Batteries
7.8. Others
8. Global Motorcycle Accessories Market, By Motorcycle Type (USD Million)2020-2033
8.1. Global Motorcycle Accessories Market Size, Share and Forecast, By Motorcycle Type, 2020-2026
8.2. Global Motorcycle Accessories Market Size, Share and Forecast, By Motorcycle Type, 2027-2033
8.3. Standard
8.4. Cruiser
8.5. Sports bikes
8.6. Touring
8.7. Dual-Purpose
8.8. Scooters, Mopeds
9. Global Motorcycle Accessories Market, By Distributional Channel(USD Million)2020-2033
9.1. Global Motorcycle Accessories Market Size, Share and Forecast, By Distributional Channel, 2020-2026
9.2. Global Motorcycle Accessories Market Size, Share and Forecast, By Distributional Channel, 2027-2033
9.3. Multi brand Retail
9.3.1 Organized Retail Outlets
9.3.2 Independent Outlets
9.4. Single Brand Retail
9.5. E-Retail
10. Global Motorcycle Accessories Market, By Market Type (USD Million)2020-2033
10.1. Global Motorcycle Accessories Market Size, Share and Forecast, By Market Type, 2020-2026
10.2. Global Motorcycle Accessories Market Size, Share and Forecast, By Market Type, 2027-2033
10.3. Original Equipment Market (OEM)
10.4. Aftermarket
11. Global Motorcycle Accessories Market Forecast, 2020-2033 (USD Million)
11.1. Global Motorcycle Accessories Market Size and Market Share
12. Global Motorcycle Accessories Market, By Region, 2020-2033 (USD Million)
12.1. Global Motorcycle Accessories Market Size and Market Share By Region (2020-2026)
12.2. Global Motorcycle Accessories Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Qatar
12.5.4. South Africa
12.5.5. Egypt
12.5.6. Morocco
12.5.7. Nigeria
12.5.8. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Alpinestars USA Inc.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Arai Helmet Europe BV
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Bayerische Motoren Werke AG
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Caberg S.p,a
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Dainese S.p.a
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. FLY Racing
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. FOX HEAD Inc.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Garmin Ltd
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Harley Davidson Inc.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Leatt Corp
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
16. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
