APAC Two-Wheeler Aftermarket Industry Set for 8.4% CAGR Growth, Surpassing US$ 24.7 Billion by 2032

The Asia-Pacific (APAC) two-wheeler aftermarket components & consumables market is poised for robust expansion. According to the research by Persistence Market Research, the market size is estimated to hit US$ 14.1 billion in 2025 and is forecast to reach approximately US$ 24.7 billion by 2032, representing a compound annual growth rate (CAGR) of 8.4 % during the 2025-2032 period. This growth is underpinned by the region's dense two-wheeler population, rising ownership levels, and an increasingly mature aftermarket ecosystem.

Drivers behind this expansion include increasing adoption of electric two-wheelers, heightened demand for maintenance consumables (such as oils, filters, brake pads), and a growing culture of vehicle personalization and upgrades. In terms of segmentation, consumables such as lubricants, filters and brake pads are expected to gain traction, while in terms of geography, key markets such as India, China, Indonesia, Vietnam and Thailand are emerging as leading growth hubs. Among these, India stands out due to its vast two-wheeler fleet, robust repair-shop networks and strong aftermarket replacement culture, making it the leading region within APAC by share and growth momentum.

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Key Highlights from the Report

The APAC two-wheeler aftermarket components & consumables market is expected to grow from US$ 14.1 billion in 2025 to around US$ 24.7 billion by 2032.
A CAGR of approximately 8.4 % is forecast for the period 2025-2032, reflecting strong replacement and upgrade demand.
The rise of electric two-wheelers in APAC is shifting aftermarket demand toward new consumables and components tailored for EV powertrains and batteries.
Vehicle personalization and ride-style upgrades (accessories, performance parts) are becoming more mainstream in major APAC markets, enhancing aftermarket size.
Independent service workshops and unorganised aftermarket channels in APAC are expanding rapidly, supporting aftermarket parts volume growth.
Countries such as India, China, Indonesia and Vietnam are emerging as the fastest-growing regional markets within APAC, driven by high two-wheeler penetration, urbanisation and rising disposable income.

APAC Two-wheeler Aftermarket Components & Consumables Market Segmentation

By Product Type

• Engine Parts
o Braking Systems
o Suspension Systems
o Transmission Parts
o Electrical Components
o Exhaust Systems
o Lighting Systems
• Consumables
o Lubricants
o Filters
o Spark Plugs
o Batteries

By Two-wheeler Type

• Standard
• Sports
• Touring
• Cruiser
• Scooter
• Moped

By Sales Channel

• Sales Channel
• Authorized Dealers
• Independent Dealers
• Online Platforms

By Country

• China
• Japan
• South Korea
• India
• Southeast Asia
• ANZ
• Rest of APAC

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Regional Insights

Within APAC, several regional trends stand out. India is the focal growth market: driven by a large and ageing two-wheeler fleet, increasing middle-class incomes and widespread workshop networks, aftermarket demand is highly dynamic. In China, although two-wheeler penetration has matured in certain categories, the shift toward electric two-wheelers and urban mobility solutions is creating new aftermarket opportunities tied to battery systems, smart diagnostics and parts replacement.

Elsewhere in Southeast Asia - notably Indonesia, Vietnam, Thailand and the Philippines - growth is propelled by rapid urbanisation, congested traffic making two-wheelers a preferred mode, and rising interest in ride-sharing and delivery bikes. These countries also benefit from increasing consumer willingness to spend on upgrades and maintenance. In sum, the regional mix underscores that while India retains the largest absolute size, growth rates in the broader SEA region may exceed the regional average, contributing meaningfully to the APAC total.

Market Drivers

The APAC two-wheeler aftermarket components & consumables market is driven by multiple converging trends. Firstly, rising two-wheeler ownership across emerging APAC economies is foundational. As more consumers purchase motorcycles and scooters for commuting, delivery, ride-hailing or leisure, the total installed base grows. Over time, that aging fleet creates recurring replacement demand for consumables, tires, batteries and other components. Secondly, the adoption of electric two-wheelers is reshaping be­- fore-separate growth vectors. EV two-wheelers require unique consumables (e.g., specialised lubricants, battery cooling systems) and stimulate aftermarket innovation. Thirdly, the demand for vehicle personalization and upgrades is stronger than ever. Riders increasingly seek to modify their machines with performance upgrades, aesthetic accessories and branded consumables - this trend is especially prevalent in urban centres where two-wheeler culture thrives.

These drivers combine to deliver robust underlying momentum. The structural growth of the two-wheeler fleet ensures volume, while newer trends (EV, customisation) enhance value per vehicle. Service-network expansion and online distribution channels further amplify aftermarket access. In addition, rising disposable incomes and consumer awareness about maintenance and safety contribute to the willingness to spend on high-quality aftermarket parts. The net effect is a healthy growth trajectory for the APAC aftermarket segment toward the 2032 horizon.

Market Restraints

Despite the strong opportunity, there are several restraints that market participants must contend with. One major challenge is the high presence of unorganised aftermarket players and counterfeit parts, particularly in many APAC markets. This fragmentation erodes margin, affects quality perception and complicates brand differentiation. Many consumers continue to purchase from informal channels or accept lower-cost parts, which limits growth of premium segments. Secondly, cost pressure and raw-material volatility pose threats. Aftermarket part manufacturers rely on stable supply chains of steel, rubber, plastics and electronics. Price fluctuations or disruptions (for example, due to trade tariffs or logistics issues) can compress margins and delay innovation or new product roll-outs.

Moreover, the shift toward electric two-wheelers, while offering opportunity, also introduces technology-transition risk. Aftermarket suppliers traditionally oriented toward internal‐combustion engine (ICE) two-wheelers must adapt their product lines to support e-2Ws (battery systems, power electronics, thermal management). If they fail to evolve, they risk obsolescence or being displaced by new entrants. Additional regulatory pressures (e.g., emission standards, safety mandates) may raise compliance costs. Taken together, these restraints caution that while the outlook is positive, execution and adaptation will be critical for aftermarket component vendors in APAC.

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Market Opportunities

From an opportunity vantage point, the APAC two-wheeler aftermarket components & consumables market presents several compelling avenues for growth. First, the burgeoning electric two-wheeler fleet creates a frontier aftermarket segment. Suppliers that develop consumables, diagnostic tools, battery‐cooling parts or retrofit kits for EVs could capture early-mover advantage. As e-2W ownership rises in India, Southeast Asia and China, aftermarket demand for EV-specific parts will accelerate. Second, the digitalisation of distribution and service channels offers a strong opportunity. Online marketplaces, mobile apps, and platform-based service bookings are gaining traction. Suppliers that integrate e-commerce, part-identification tools, subscription-based consumables (e.g., filters, oils) or full repair-kits for workshops can increase outreach and customer loyalty.

Third, the growth of premiumisation and customisation culture among riders opens a large niche. Accessories, performance upgrades, branded consumables, custom body kits, lighting systems and connected device integrations are all gaining appeal. For aftermarket players, leaning into lifestyle branding, rider community engagement and digital marketing can unlock higher margins. Furthermore, the rising emphasis on sustainability and quality assurance presents a chance for trusted aftermarket brands to differentiate themselves - for example by promoting premium lubricants, certified parts and eco-friendly materials. In sum, while the foundation is maintenance and replacement demand, the growth hotspots lie in EV transition, digital distribution and premium customisation.

Company Insights

Key players operating in the APAC two-wheeler aftermarket components and consumables space (and globally) include:

• Hero MotoCorp Ltd.
• Yamaha Motor Co., Ltd.
• Honda Motor Co., Ltd.
• Bajaj Auto Ltd.
• Suzuki Motor Corporation
• TVS Motor Company Ltd.
• Ducati Motor Holding S.p.A.
• BMW Motorrad
• KTM AG
• Harley-Davidson, Inc.
• Continental AG
• ZF Friedrichshafen AG
• DENSO Corporation
• Robert Bosch GmbH
• Aisin Seiki Co., Ltd.

Recent developments:

Many traditional aftermarket component firms in APAC are launching dedicated e-commerce platforms or strategic partnerships with online marketplaces to reach end-users directly, thereby reducing intermediary cost and increasing talk of subscription models for consumables.

The rise of electric two-wheelers in India and Southeast Asia has prompted select component suppliers to start EV-specific product lines, for example battery cooling modules, integrated motor control parts and lubricants suited for e-2W powertrains, indicating a shift in product roadmap focus.

Frequently Asked Questions

➤ What are the main factors influencing the APAC two-wheeler aftermarket components & consumables market 2025-2032?
➤ Which companies are the major sources in this industry?
➤ What are the market's opportunities, risks, and general structure?
➤ Which of the top APAC two-wheeler aftermarket components & consumables market companies compare in terms of sales, revenue, and prices?
➤ How are market types and applications and deals, revenue, and value explored?

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Future Opportunities and Growth Prospects

Looking ahead, the APAC two-wheeler aftermarket components & consumables market remains ripe with prospects. With the forecasted growth from US$ 14.1 billion in 2025 to around US$ 24.7 billion by 2032, there is significant room for companies to carve niches, particularly around electric mobility, digital servicing, custom upgrades and premium consumables. Suppliers who invest in robust service-networks, digital sales channels, higher-quality and certified parts, and EV ready systems will likely outpace competitors.

Moreover, as two-wheeler fleets age across the region, replacement cycles will tighten, creating predictable recurring revenue streams. Parallel to that, the diversification of two-wheeler usage - deliveries, ride-hailing fleets, commuting - leads to higher utilisation, faster wear and stronger aftermarket consumption. Overall, the convergence of strong vehicle base growth, evolving mobility trends and increased consumer willingness to spend on maintenance and upgrades sets a compelling growth trajectory for the APAC aftermarket. Stakeholders who align their strategies today stand to benefit significantly in the coming decade.

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