Motorcyclist Accessories Market Size to Increase USD 2.78 Billion, Increasing Traffic Accidents to Boost Market Growth

NEW YORK, November 1, 2022 /PRNewswire/ — The “Motorcycle Accessories Market by product (helmets, apparel, gloves and others) and geography (APAC, North America, Europe, South Americaand Middle East and Africa) – The “Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled Global Motorcycle Rider Accessories Market 2022-2026

The difference in potential growth for the size of the Motorcycle Accessories market between 2021 and 2026 is $2.78 billion. To get the exact annual growth variance and annual growth rate, Request a FREE Sample PDF Report

Key market dynamics

  • Market engine: The increasing number of road accidents is driving the growth of the motorcycle accessories market. These accidents are attributed to the poor quality of road transport infrastructure and the increasing number of motorcycles. Motor vehicle crashes can lead to several impairments related to driver injuries or disabilities. They can also lead to chronic health complications that can lead to various forms of disabilities. Therefore, the growing awareness of the implications of road accidents is encouraging motorcyclists to adopt protective gear for motorcycles. Motorcyclists adopt various additional accessories, such as visors and helmet screens, to avoid distractions. This, in turn, will fuel the growth of the market over the forecast period.

  • Market challenge: Fluctuations in commodity prices are testing the growth of the motorcycle accessories market. Thermoplastic shells, advanced fiberglass shells, Kevlar and carbon composite shells, and various EPS materials are the common raw materials used in helmets. Protective suits are either made of textile or leather. However, the purchase of raw materials includes additional costs for transportation and other necessary services. Manufacturers incur costs on supplying raw materials to factories, supplying intermediate goods to production sites, transporting finished goods to warehouses, and delivering finished goods to end users. Such high expenditure by vendors may limit the growth of the market over the forecast period.

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Market segmentation

By product, the helmets will be a significant contributor to the growth of the market over the forecast period. Helmets are worn by motorcyclists for commuting, traveling, expeditions and sporting activities. A wide range of helmets are available in the market for different purposes. These helmets conform to various regional standards, which is driving the growth of the segment.

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By geography, APAC will be the leading region with 37% of the market growth during the forecast period. China and Japan are the key countries for the motorcycle accessories market in APAC.

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Some companies mentioned

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Scope of the Motorcycle Accessories Market

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of over 5.58%

Market Growth 2022-2026

$2.78 billion

Market structure

Fragmented

Annual growth (%)

4.75

Regional analysis

APAC, North America, Europe, South America, Middle East and Africa

Successful market contribution

Asia-Pacific at 37%

Main consumer countries

United States, China, Japan, Germany and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Alpinestars USA Inc., Arai Helmet Europe BV, Bayerische Motoren Werke AG, Caberg Spa, Dainese Spa, FLY Racing, FOX HEAD Inc., Garmin Ltd., Harley Davidson Inc., Leatt Corp., MT HELMETS, Nolangroup Spa, PLANET KNOX Ltd., Schuberth GmbH, SCOTT Sports SA, Sena Technologies Inc., SHOEI Co. Ltd., SULLIVANS Inc., Vista Outdoor Inc. and Shot Race Gear USA

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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Main topics covered

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

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Global Motorcycle Accessories Market 2022-2026

Global Motorcycle Accessories Market 2022-2026

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