Motorcycle airbag market to reach $1.07 Billion by 2035

According to a new report published by Allied Market Research, titled, "Motorcycle Airbag Market," The motorcycle airbag market is expected to be valued at $0.46 billion in 2025, and is estimated to reach $1.07 billion by 2035, growing at a CAGR of 9.3% from 2026 to 2035.

Asia-Pacific region is expected to dominate the market in terms of revenue, followed by Europe, North America, and LAMEA. The increasing vehicle production and increasing demand for luxury two wheelers with advanced safety application in Asia-Pacific region is driving the growth of motorcycle airbag market in the region.

There are prominent key factors that drive the growth of the motorcycle airbag market, such as increase in number of road accidents, increased demand for advanced safety system, and development of self-contained airbag jackets. The market economy is also responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are developing economies. Thus, the manufacturing sector witnesses prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the automotive industry which in turn is expected fuel the market. Also, in some undeveloped countries, there is an increase in the vehicle sales, which is expected to boost the market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞- https://www.alliedmarketresearch.com/request-sample/8872

Motorcycle airbag market is segmented basis of components, coating, sales channel, fabric type, and region. Based on components, it is divided into airbag, crash sensor, airbag ECU, and others. Based on coating, it is segmented into neoprene coated, silicone coated, and non-coated. By sales channel, the market is divided into OEM, and aftermarket. By fabric type, the market is divided into nylon, polyester, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

COVID-19 Impact Analysis

The COVID-19 impact on the motorcycle airbag market is unpredictable, and is expected to remain in force for a few years.
The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials for vehicle components.
As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production and sales suffered severely, which, in turn, negatively impacted the market for motorcycle airbag market.
To prevent the spread of the COVID-19 virus, governments across the globe implemented strict lockdowns and made social distancing mandatory. Consequently, several organizations began work from home programs as precautionary measure. This led to a sudden decline in global demand for traveling, which has affected the motorcycle airbag market
However, vaccination drive enabled lowering of barriers to economic activity, as well as domestic and international travel. As the restrictions lifted, travel recovered quickly leading to increase in vehicle commutation which expected to boost the motorcycle airbag market

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭! https://www.alliedmarketresearch.com/motorcycle-airbag-market/purchase-options

KEY FINDINGS OF THE STUDY

By components, the crash sensor segment is expected to register a significant growth during the forecast period.
By coating, the neoprene coated segment is projected to lead the global motorcycle airbag market
By sales channel, the aftermarket segment is projected to lead the global market
By fabric type, the nylon segment is projected to lead the global motorcycle airbag market
Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The key players that operate in this motorcycle airbag market are Airvest, Alpinestars, Bering Moto, CLOVER IT S.r.l., Dainese S.p.A., DPI Safety, Furygan, GIMOTO SRL, Helite, Honda Motor Co., Ltd, Klim, MOTOAIR, Mugen Denko Co., Ltd., Point Two Air Vests USA LLC, RST Moto, Spidi, and Tucano Urbano S.r.l. a Socio Unico.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.