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Motorcycle Accessories Market to Reach $21.05 Billion by 2034

06-13-2024 01:20 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Motorcycle Accessory Market

Motorcycle Accessory Market

The motorcycle accessories market is set to experience significant growth, with a projected increase from $8.81 billion in 2024 to $21.05 billion by 2034. This expansion is driven by a rising number of motorcycle enthusiasts who seek to personalize and enhance the performance of their bikes. Technological advancements play a crucial role, with innovations such as smart helmets, advanced communication systems, and GPS navigation becoming increasingly popular. These high-tech accessories not only offer convenience but also integrate safety features, appealing to modern riders.

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One of the prominent trends fueling market growth is the rise of motorcycle tourism and events. Enthusiasts are looking to equip their motorcycles for long-distance travel and to showcase them at various events. This trend has led to an increased demand for accessories that enhance comfort and customization, reflecting individual riding styles.

Injectable treatments, such as Botox and dermal fillers, dominate the market, accounting for over 63% of revenue in 2022. These procedures are favored for their quick results and minimal downtime, making them an attractive option for many consumers. Additionally, skin rejuvenation treatments are experiencing significant growth due to their effectiveness in restoring a youthful appearance. The increasing demand for these procedures highlights a growing preference for non-invasive methods over traditional surgical options.

However, the market faces challenges such as economic fluctuations, which can impact consumer spending on discretionary items like motorcycle accessories. Manufacturers also grapple with issues like fluctuating raw material prices and compliance with safety standards, which can be costly and complex.

Top Key players profiled in this report are TVS Motor Company; Yamaha Motor Company Ltd.; Hero Motocorp Ltd.; Vega Helmet United States; KIDO; Akrapovic; Caberg S.p.a.; Dainese S.p.A.

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Regionally, North America leads the market, driven by a large community of motorcycle enthusiasts and a culture that celebrates riding. However, the Asia-Pacific region, particularly countries like China, India, and Thailand, is expected to register the fastest growth. The increasing awareness and acceptance of aesthetic treatments in these regions contribute to the global market's robust growth prospects.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the Motorcycle Accessory Market for 2019 to 2023 and forecast market statistics for 2024 to 2034.

The study divulges essential insights into the market based on Handle Accessories, Frames & Fittings, Electrical & Electronics, Protective Gear, Bags & Carriage Frames, and Seat Covers & Security Systems, across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

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About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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