Press release
Global Motorcycle Accessories Market Accelerates Toward New Heights
Motorcycle Accessories Market
The global motorcycle accessories market is experiencing steady growth, bolstered by rising motorcycle sales and increasing consumer focus on both performance and aesthetics. With a steadily improving global economic outlook over the past decade, consumer purchasing power has surged, resulting in a notable uptick in demand across various industries-including the automotive sector. Within this sector, motorcycles have consistently demonstrated impressive sales performance, especially in high-growth markets. This uptrend has had a direct, positive impact on related industries such as motorcycle components and accessories.
Motorcycle accessories not only enhance the visual appeal of bikes but also play a critical role in improving performance, safety, and rider security. The global motorcycle accessories market is projected to register a CAGR exceeding 5% by 2020, with moderate variations anticipated through 2026, based on region and product penetration.
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Key Highlights from the Report
• The global motorcycle accessories market is projected to exceed a CAGR of 5% through 2020, with long-term growth sustained by emerging market trends.
• Product performance and safety features are key drivers of consumer interest in motorcycle accessories.
• Asia Pacific is expected to dominate the market due to rising disposable income and high motorcycle sales volumes.
• OEM expansion and technological advancements are fostering product innovation.
• Consumer shift toward aftermarket accessories presents a key challenge for OEM sales.
Market Segmentation
The motorcycle accessories market is segmented by product type, motorcycle type, distribution channel, market type, and geography.
➤ By Product Type:
• Protective Gear
• Frames and Fittings
• Lighting (Headlights, Flashers)
• Bags & Luggage
• Batteries
• Others
➤ By Motorcycle Type:
• Standard
• Cruiser
• Sport Bikes
• Touring
• Dual-purpose
• Scooters & Mopeds
➤ By Distribution Channel:
• Multi-brand Retail
• Organized Retail Outlet
• Independent Outlets
• Single Brand Retail
• E-Retail
➤ By Market Type:
• Original Equipment Market (OEM)
• Aftermarket
➤ By Geography:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa
• Asia Pacific excluding Japan
• Japan
Market Drivers
One of the key growth drivers of the motorcycle accessories market is the consistent rise in motorcycle sales globally. The introduction of new motorcycle variants by leading manufacturers has stimulated demand for corresponding accessories. Furthermore, European and American motorcycle brands expanding into emerging economies have contributed significantly to global accessory sales. Technological advancements have also played a pivotal role by increasing product functionality and enhancing consumer adoption.
Rising consumer interest-particularly among younger demographics-has accelerated sales, supported by the development of cost-effective combustion engines. The growing trend of motorcycling as a lifestyle and leisure activity is also promoting accessory demand across both developed and developing markets.
Market Restraints
Despite favorable growth trends, the market does face some restraints. Chief among these is the increasing consumer inclination toward aftermarket accessories, which often offer more cost-effective alternatives to OEM products. This trend can negatively impact sales from original equipment manufacturers. Additionally, price sensitivity in certain regions and inconsistent product availability across channels may hinder growth.
Market Opportunities
The future of the motorcycle accessories market looks promising with expanding product lines, customization trends, and rising investments in technology. As consumers seek a personalized riding experience, demand for advanced lighting systems, protective gear, and storage solutions is likely to surge. Emerging markets, in particular, offer substantial growth opportunities due to the expanding base of motorcycle users and increasing affordability.
OEMs and aftermarket brands focusing on innovation, value-added features, and sustainable materials are expected to gain a competitive edge. E-retail platforms also present a lucrative opportunity for market penetration, particularly in urban centers with digitally connected consumers.
Regional Insights
Asia Pacific is poised to lead the global motorcycle accessories market, driven by the region's massive motorcycle population and increasing consumer expenditure. Countries like India, China, and Indonesia are at the forefront, supported by favorable economic conditions and a strong presence of local and international manufacturers.
North America and Europe also represent significant markets, with established rider communities and growing interest in performance-enhancing accessories. Meanwhile, Latin America and the Middle East & Africa are expected to show moderate growth due to lower levels of consumer spending and infrastructural limitations.
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Reasons to Buy the Report
1. ✔ In-depth segmentation analysis by product, motorcycle type, and region.
2. ✔ Insights into current trends and future growth opportunities.
3. ✔ Evaluation of OEM versus aftermarket dynamics.
4. ✔ Detailed regional breakdown and forecast metrics.
5. ✔ Profiles of leading market players with strategic insights.
Company Insights
Several major companies operate in the global motorcycle accessories market, contributing to innovation and expansion. Notable players include:
• Akrapovič
• Bajaj Auto Limited
• Suzuki
• Honda Motor Company, Ltd.
• KTM Company
• Loncin Motorcycle
• Ducati Motor Holding S.p.A
• Hero MotoCorp Ltd.
• Chongqing Lifan Industry (Group) Co., Ltd.
These companies are actively investing in R&D, strategic collaborations, and regional expansions to maintain market competitiveness and respond to shifting consumer demands.
Recent Developments
• Honda Motor Company introduced a new range of modular accessories for touring bikes, enhancing rider comfort and customization.
• KTM expanded its retail footprint in Southeast Asia, targeting growing demand for off-road motorcycle accessories.
The motorcycle accessories market is charting a strong growth path fueled by rising motorcycle ownership, expanding product lines, and a cultural shift toward lifestyle-oriented motorcycling. As technology and consumer expectations evolve, the market is expected to deliver robust performance, particularly in Asia Pacific and other emerging regions.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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