In 2023 the market for motorcycle parts and accessories is expected to be USD 3,326.60 million. With a compound yearly growth rate (CAGR) of 5.2% during the forecast period (2023–2032), the Global Motorcycle Parts and Accessories market is expected to rise from USD 3, 490.66 Million in 2024 to USD 5,497.14 million by 2032. Parts and accessories for motorbikes are systems and components are made as well as integrated to generate motorcycles with specified appearances, performance, and cost. It covers body components including engine and engine parts, suspension parts, battery and battery parts, tank, exhaust, brakes and dashboard. In accessories, have seat and seat coverings, storage, protective gear, handlebars, frames and appropriate, electrical and electronics, backrests, engine guard, windscreen, and others.
Market trends in motorbike parts and accessories
RAPID urbanization in line with urban traffic congestion
Growing urban traffic congestion and the quick speed of urbanization drive demand for motorcycle components and accessories. Motorcycles are becoming more and more popular as cities expand as their agility and efficiency help to highlight the problems of traffic congestion on crowded roadways. For commuters trying to quickly get to their destinations and negotiate traffic congestion, motorcycles provide a good answer. This urbanization-driven increase in motorcycle acceptance results in more demand for components improving performance, safety, comfort, and appearance. As urban riders try to maximize their riding experiences, accessories addressing storage, navigation, communication, and protection also take front stage. The desire for dependable, premium components that solve urban transportation issues drives the market for motorcycle parts and accessories, where adaptability and creativity are essential to satisfy changing needs of a metropolitan environment.
Motorbike Accessories and Parts Motorcycle Type Insights
Motorcycle Type defines the division of Motorcycle Parts and Accessories Market: Bagger, Cruiser, Touring, Others. With around 35.2% of the market revenue contributed, the Cruiser will be the main share in 2022. The cruise line specializes on motorbikes meant for leisurely riding and pleasant long-distance trips. Usually low in seat height, cruisers feature a laid-back riding stance with forward-set footpads and broad handlebars for simple handling. Appearance-wise, cruisers often feature a classic and retro-inspired look. They had chrome embellishments, swept-back feners, and big gasoline tanks. Cruisers are distinguished by their unique V-twin engines, which provide a deep, rumbling exhaust tone and enough of torque for low speed travel. For cruisers, the market for motorcycle parts and accessories serves those who want to improve the performance, comfort, and look of their machines. Products ranging from aftermarket exhaust systems to air filters to seats, saddlebags, windshields, and chrome accessories abound in this section. These additions increase the motorcycle’s performance and utility in addition to its general looks. The Cruiser section of the Motorcycle Parts & Accessories industry has seen notable expansion as cruisers become more and more popular with motorbike aficioners. To satisfy the needs of cruise riders, manufacturers and aftermarket vendors are always creating fresh ideas and new equipment. This lets riders make their bikes uniquely fit for their tastes.
Market for MOTORCYCLE PARTS AND ACCESSORIES MARKET, By Motorcycle Type, 2022 VS 2032 (USD Million)
Motorcycle Parts and Accessories Product Type Insights
Motorcycle Parts and Accessories Market segmentation based on Product Type is (Motorcycle Parts {Body Part, Engine & Engine Parts, Suspension Parts, Battery & battery Parts, Tank, Exhaust, Brakes & Brake Parts, Dashboard, Others}, Motorcycle Accessories {Seat & Seat Covers, Storage, Protective Gears, Handlebars, Frames & fitting, Electrical & Electronics, Backrests, Engine Guard, Windshield, Others}. In 2022, Motorcycle Parts controlled most of the market. The motorbike category consists of a unique collection of goods and services meant to satisfy the needs of motorcycle owners and aficioners. This section includes replacement parts, accessories, safety gear, maintenance equipment, and performance improvements for motorbikes among other objects. It covers original equipment manufacturer (OEM) items as well as aftermarket substitutes. By satisfying the growing worldwide need for customizing, maintaining, and improving bikes by riders, the sector of motorcycles becomes indispensable in the whole market.
Motorcycle Accessories and Parts End – Users Views
OEM and Aftermarket segments of the Motorcycle Parts and Accessories Market based on End- Users. In 2022 the Brick & Mortar Stores had the dominant stake. Brick & Mortar Stores is a physical retail company focused on offering motorbike accessories and components. These businesses let consumers directly investigate and purchase items because they run real locations. The Brick & Mortar Stores category is mostly driven by the inclination of certain consumers for a hands-on purchasing experience. Before making a purchase, many motorcyclists value the chance to personally check and test items.
Insights on Motorcycle Parts and Accessories Distribution Channel
Brick & Mortar Stores, E-commerce Marketplace, Direct-to- Consumer, Online Retailer is the segmentation of Motorcycle Parts and Accessories Market based on Distribution Channel. In 2022 the Brick & Mortar Stores owned most of it. Brick & Mortar Stores is a physical retail company focused on offering motorbike accessories and components. These businesses let consumers directly investigate and purchase items because they run real locations. The Brick & Mortar Stores category is mostly driven by the inclination of certain consumers for a hands-on purchasing experience. Before making a purchase, many motorcyclists value the chance to personally check and test items.
Sales Channel Insights of Motorcycle Parts and Accessories
OEM and Aftermarket constitute the segmentation of the Motorcycle Parts and Accessories Market based on Sales Channel. Manufacturers directly connected to motorcycle companies, in charge of manufacturing and distributing accessories and components, fall under the OEM sector. These producers specialize in painstakingly developed and constructed components that satisfy the criteria established by the original motorbike manufacturer. The OEM sector is very important as it ensures the availability of real, excellent components that fit bikes perfectly.
Parts and Accessories for Motorcycles Regional Notes
The report offers market analysis by region on North America, Europe, Asia-Pacific, Middle East and Africa, and South America. By 2022, the North America Motorcycle Parts and Accessories market will have accounted for around 61.2%. During the research period, it should show a notable CAGR expansion. Demand for electric bikes has grown noticeably in the North America motorcycle parts and accessory sector. There are many reasons influencing the acceptance of electric bikes in North America. Concerns about sustainability and a concentration on lowering carbon emissions have driven the customer to investigate greener means of transportation. Zero carbon emissions make electric bikes environmentally beneficial choices. Furthermore, the development in battery technology has expanded the range, which qualifies electric bikes for long distances. Additionally helping to explain the rising popularity of electric bikes is the attraction of slower operations and quick torque. Key companies as well as aftermarket vendors have reacted to the growing demand by broadening their line of electric motorbike components and accessories. This covers elements like high performance batteries, charging infrastructure, and specific riding gear for riders of customized electric motorcycles.