What is Motorcycle Accessories Market?
Some of the major products of motorcycle accessories are protective gear, frames, and fitting, lighting, arm sleeves, gloves, among others. Demand for motorcycle accessories has increased, due to the increasing number of motorcycle accessories in the Asia Pacific region. For instance, according to an article published by the Government of India, The total production of Two Wheelers was more than 4271327 in the year 2001-02. However, in the year 2012-13, it increased to 15721180. Hence, rising number two wheels will affect the growth of the market in the future.
The market study is being classified by Type (Protective Gear, Frames and Fitting, Lighting {Headlight, Flasher}, Arm Sleeves, Gloves, Bags & Luggage, Bike Jackets, Batteries and Others) and major geographies with country level break-up.
Alpinestars S.p.A (Italy), Bajaj Auto Limited (India), Akropovic (Slovenia), Honda Motor Company, Ltd. (Japan), Suzuki Motor Corporation (Japan), Hero Motocorp Limited (India), Ducati Motor Holding S.P.A (Italy), KTM AG (Austria), Loncin Motorcycle (China) and Sena Technologies, Inc. (United States) are some of the key players profiled in the study.
The motorcycle accessories market is highly fragmented with the presence of local and regional players operating in the market. Some of the major players operating in the market are Alpinestars S.p.A (Italy), Bajaj Auto Limited (India), Akropovic (Slovenia), Honda Motor Company, Ltd. (Japan), Suzuki Motor Corporation (Japan), among others. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Motorcycle Accessories market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Motorcycle Accessories market by Type, Application and Region.
On the basis of geography, the market of Motorcycle Accessories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Trends in Motorcycle Racing as well as High Population Growth
- Increasing Usage of Motorcycle Accessories in Various Application
Market Trend
- Rising Number of Customer from Online Channel
Restraints
- Change in Trends as well as Dynamics with Government Norms
Opportunities
- High Disposable Personal Income in Regions, such as Europe and North America
- Growing Demand from Emerging Market
Challenges
- High Cost Associated with the Raw Materials as well as Changing Technology
Key Target Audience
Manufacturers of Motorcycle Accessories, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others