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The motorcycle accessories market size is forecast to increase by USD 3.14 billion, at a CAGR of 5.1% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market trends shaping its various sectors. Aftermarket parts remain a significant driving force, as riders seek to customize their bikes for enhanced performance and aesthetics. Security systems, including alarms and immobilizers, gain popularity due to increasing concerns for bike safety. Motorcycle tires, whether street or off-road, undergo continuous advancements to cater to diverse riding styles and terrains. Chain cleaning solutions and protective gear, such as riding jackets and pants, ensure optimal bike maintenance and rider safety. Riding groups and motorcycle clubs foster a sense of community among enthusiasts, while full exhaust systems and audio systems add to the overall riding experience.
Turn signals and replacement parts ensure bike functionality, while tank bags and tail bags cater to riders' storage needs. Performance tuning, exhaust systems, and motorcycle racing continue to push the boundaries of motorcycle capabilities. Navigation systems, bluetooth intercoms, and charging systems enhance the convenience and safety aspects of riding. Brake lines, disc brakes, lithium-ion batteries, and adjustable suspensions are essential components undergoing continuous innovation to improve bike performance and rider experience. Custom parts, electrical systems, and track days cater to the more adventurous riders, while crash bars, engine guards, and sissy bars offer added protection. The market's continuous dynamism reflects the evolving needs and preferences of riders across various sectors, ensuring a diverse and innovative landscape.
The motorcycle accessories industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The aftermarket segment is estimated to witness significant growth during the forecast period.
The aftermarket market in the US is witnessing significant growth, fueled by consumers' increasing demand for enhanced functionality and personalization. Notable accessories driving this trend include luggage racks, alarm systems, cast wheels, handlebar risers, slip-on mufflers, navigation systems, performance tuning, and performance exhausts. Motorcycle racing and off-road riding enthusiasts seek brake lines, protective gear, charging systems, spoked wheels, motorcycle covers, tail bags, and adventure riding equipment. Motorcycle repair shops offer adjustable suspensions, riding jackets, disc brakes, lithium-ion batteries, custom parts, electrical systems, track days, air filters, chain lube, and parts replacement services. Motorcycle clubs and riding groups foster a community for motorcycle enthusiasts, promoting the sale of aftermarket motorcycle tires, off-road tires, chain cleaning tools, motorcycle speakers, motorcycle repair tools, and full exhaust systems.
The market's evolution also includes the integration of advanced technologies, such as audio systems, tank bags, turn signals, and bluetooth intercoms, enhancing the overall riding experience.
The Aftermarket segment was valued at USD 7.83 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The North American the market is witnessing significant growth, with new players entering the scene. In May 2023, SpeedKore, known for its custom carbon-fiber muscle cars, announced its expansion into the market. This move introduces a new line of custom parts designed for American V-twin touring and bagger motorcycles. These accessories are engineered for superior performance, style, and durability, hand-crafted in the US by skilled artisans using aerospace-grade, prepreg carbon-fiber laminate. Each part is CAD-designed for perfect fitment and utilizes original equipment (OE) mounting locations, ensuring easy installation without modifications or drilling. Notable accessories include luggage racks, alarm systems, cast wheels, handlebar risers, slip-on mufflers, street tires, navigation systems, performance tuning, performance exhaust, motorcycle racing, off-road riding, brake lines, protective gear, charging systems, spoked wheels, motorcycle covers, tail bags, adventure riding, motorcycle speakers, motorcycle repair, adjustable suspensions, riding jackets, disc brakes, lithium-ion batteries, custom parts, electrical systems, track days, air filters, chain lube, street riding, bluetooth intercoms, riding pants, crash bars, sissy bars, engine guards, engine tuning, shock absorbers, brake pads, motorcycle clubs, aftermarket parts, security systems, motorcycle tires, off-road tires, chain cleaning, riding groups, full exhaust systems, audio systems, tank bags, turn signals, and parts replacement.
SpeedKore's commitment to quality and innovation is evident in their accessories, which cater to various riding styles and preferences. The market's evolution includes advancements in technology, materials, and customization, with a focus on enhancing safety, comfort, and performance for motorcycle enthusiasts.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The motorcycle accessories market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the motorcycle accessories market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, motorcycle accessories market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alpinestars USA Inc. - This company specializes in providing a diverse range of motorcycle accessories.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Motorcycle Accessories Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
204 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
Market growth 2024-2028 |
USD 3140.3 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.7 |
Key countries |
US, Canada, Italy, China, Japan, France, Germany, Brazil, Indonesia, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Product
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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