Motorcycle accessories are add-ons or products that are selected by a rider to enhance comfort, safety, and performance. With rapid development of globalization and strengthening of the automotive sector in the international market, the motorcycle industry is expanding rapidly. The world's major motorcycle manufacturers have extended their value chain to the world, forming a global motorcycle industry value chain. Due to the nature of the motorcycle industry, localities often develop the local market in the mode of industrial clusters, focusing on the core competitive parts of the motorcycle industry value chain based on local comparative advantages. In order to ensure better performance, safety, and security, along with increasing aesthetic appeal, motorcycle accessories play an important role for riders.
As the demand for motorcycle is increasing globally, the motorcycle accessories market is projected to grow steadily during the forecast period
Initiatives by various government to reduce pollution and stringent regulations regarding emission of toxic gases are factors projected to enhance the sales of electric motorcycles, which, in turn, is anticipated to drive the motorcycle accessories market during the forecast period
Motorcycle designers are making their products unique in an increasingly competitive market by introducing innovative exteriors and interiors. New technologies with flexibility and scalability allow designers to create more products with unique styles, novel styles, and unique driving experiences. These new technologies are used by designers to increase the appeal of motorcycles and consumer demand for heavy motorcycles. For instance, BMW is committed to developing the motorcycle lighting technology. Such innovations by manufacturers of motorcycles is anticipated to drive the motorcycle accessories market during the forecast period.
Sales of motorcycle accessories is expected to rise in the aftermarket, as some motorcycle enthusiasts seek personal customization. For instance, LEDs have been used in motorcycle lighting and now there are new applications for backlight switches and tires.
Rise in consumer long-distance travel is projected to increase the use of travel motorcycle safety accessories globally
The global motorcycle accessories market can be segmented based on motorcycle type, accessory, distribution channel, and region
Based on motorcycle type, the global motorcycle accessories market can be classified into sport bikes, touring bikes/dual sports, cruisers, scooters, standard, and off-road
Based on accessory, the global motorcycle accessories market can be divided into lighting (headlights and flashers), frames & fittings, batteries, protective gear (helmets, knee & elbow guards, gloves, jackets, boots, etc.), and others
In terms of distribution channel, the global motorcycle accessories market can be bifurcated into OEM and aftermarket
Based on region, the global market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America)
Key players operating in the global motorcycle accessories market include KTM Company, Honda Motor Company Limited, Alpinestars S.p.A, Hero Motocorp Limited, Bajaj Auto Limited, BMW, Ducati Motor Holding S.P.A, Suzuki, Akropovic, Sena Technologies, Loncin Motorcycle, Chongqing Lifan Industry (Group) Company Limited, Dainese, and Schuberth