The two wheeler accessories aftermarket share is predicted to be valued at US$ 19,987.20 million in 2023 and US$ 45,608.96 million by 2033. Over the projection period, sales in the two wheeler accessories aftermarket are expected to increase at a CAGR of 8.60%.
The Two Wheeler Accessories Aftermarket is experiencing rapid growth driven by the increasing popularity of motorcycles and scooters globally. Two-wheeler enthusiasts and riders seek aftermarket accessories to personalize and enhance the performance, comfort, and aesthetics of their vehicles. Accessories such as helmets, riding gear, aftermarket exhaust systems, handlebar grips, LED lighting, luggage racks, and protective covers are in high demand, offering riders the opportunity to customize their two-wheelers according to their preferences and riding style.
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Moreover, the aftermarket provides a wide range of options for riders to improve the functionality and appearance of their motorcycles or scooters, catering to diverse needs and preferences. Independent retailers, online platforms, and specialty stores play a crucial role in supplying aftermarket accessories to meet the growing demand from two-wheeler enthusiasts. As the market continues to evolve, driven by changing consumer preferences and advancements in accessory design and technology, the Two Wheeler Accessories Aftermarket is expected to expand further, presenting opportunities for manufacturers, retailers, and distributors to innovate and meet the needs of two-wheeler riders worldwide.
Key Takeaways from the Two Wheeler Accessories Aftermarket
- The two wheeler accessories aftermarket is led by the India, projecting an 9.70% CAGR until 2033.
- Germany is at the forefront, anticipating 8.30% CAGR growth by 2033.
- United States is poised for an 8.00% CAGR by 2033.
- The protective gear segment is set to dominate with a market share 30.0% through 2023.
- FMI predicts the standard motorcycle segment to hold a market share of 30.5% in 2023.
“The two wheeler accessories aftermarket is a dynamic sector, offering riders a diverse range of customizations, from safety gear to aesthetic enhancements, catering to their unique needs and preferences.”
Key Companies Profiled
- TVS Motor Company
- Yamaha Motor Company Ltd.
- Hero Motocorp Ltd.
- Harley Davidson
- Vega Auto Accessories Ltd.
- Studds Accessories Ltd.
- OM Steel Industries
- Osram Licht AG
- AGV Sports Group
- Steelbird Hi- Tech India Pvt. Ltd.
- YF Protector Co. Ltd
- Alpinestars USA Inc.
- AltRider LLC.
- Cobra USA Inc.
- Motorsport Aftermarket Group
- Rizoma S.r.l
- Scorpion Sports Inc.
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Key Segments Covered in The Two Wheeler Accessories Aftermarket Report
Two Wheeler Accessories Aftermarket by Product:
- Handle Accessories
- Handlebars
- Grips
- Electrical & Electronics
- Lightings
- Horns
- Frames & Fittings
- Crash Protection
- Windshield
- Foot Pegs
- Protective Gear
- Helmets
- Professional Body Wear
- Bags & Carriage Frames
- Exhaust Accessories
- Seat Covers
- Security Systems
By Sales Channel:
- Online
- Authorized Outlets
- Independent Outlets
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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