Published on: March 23, 2020
The design, manufacture, distribution, and sale of components and accessories for motorcycles all make up part of the global motorcycle parts market. This market serves both OEMs and aftermarket consumers with products such as tires, frames, brakes, engines, electrical systems, and exhaust systems.
Motorcycles are popular vehicle choices due to their affordability and ease of use compared to many other vehicle options. This is particularly true in countries in APAC, where there is very high demand for two-wheelers. The popularity of motorcycles drives demand for motorcycle parts, both for maintenance and upgrade purposes.
Growth in this market is driven by factors such as the global expansion of motorcycle manufacturing and technological advancements in component design and manufacturing techniques. The increasing demand for performance-enhancing and aesthetically pleasing motorcycle parts and accessories will help drive growth over the coming years. There is also a growing demand for aftermarket accessories and retrofitting possibilities, catering to motorbike enthusiasts seeking customization options.
Key trends in the motorcycle parts market include the adoption of lightweight materials, advancements in electric propulsion systems, and the integration of smart connectivity features. Additionally, the rise of electrification has led to the development of hybrid motorcycles and electric propulsion systems with advanced rider assistance systems (ADAS) for improved safety.
Regulatory changes and safety requirements are impacting the market, as are consumer preferences for performance and aesthetics as well as technological developments in electric propulsion and smart connectivity features. The global expansion of motorcycle manufacturing and the aftermarket demand for customization and personalization also drive market growth.
Challenges facing the motorcycle parts market include regulatory changes impacting safety and emission standards, as well as the complexity of integrating advanced technologies like electric propulsion and smart connectivity features. Fluctuating accident rates and the need for sensors, actuators, and software solutions also pose challenges for component manufacturers and OEMs.
The motorcycle parts market presents opportunities for innovation, customization, and global expansion, driven by technological advancements and changing consumer preferences. Success in the market requires a focus on product development, quality, and scalability, along with adaptation to regulatory changes and industry trends.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the largest region in the global motorcycle parts industry. Some of the main countries contributing to the market growth in APAC include China, India, and Japan. There is high demand for two-wheelers in APAC, which is characterized by low-powered and affordable geared motorcycles, mopeds, and gearless scooters that are used for commuting daily in developing countries such as India and Bangladesh. Moreover, the demand for motorcycles is high due to their affordability and easy mode of transportation.
Technavio's motorcycle parts industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our motorcycle parts market reports include:
Technavio’s market research on this industry provides a detailed analysis of the market landscape, providing data on product types, regional markets, sales channels, and more.
Our motorcycle parts market segmentation covers topics such as:
In order to provide you with a comprehensive view of the motorcycle parts industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
Develop a deeper understanding of the motorcycle parts market with Technavio’s comprehensive market research reports. We provide the latest information on key industry dynamics, including global and regional market forecasts, internal and external pressure points, the vendor landscape, and more.
Our in-depth knowledge of the motorcycle parts market is built on decades of experience and a global network of industry experts. We know the importance of having a strong foundation on which to base important decisions, and with over 500 analysts located around the world, we deliver actionable insights for every segment of the market.
1.How do I identify key trends in the motorcycle parts market?
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
2.How do I decide which segments of the motorcycle parts market to focus on?
Every Technavio report includes detailed segmentation insights, breaking down the market in terms of product type, geography, sales channels, and more. And if you’re looking for something a little more specific, our Custom Research Solutions can tailor any report to meet your unique needs.
3.Who are the major players in the motorcycle parts market?
We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
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