The global two-wheeler aftermarket components and consumables market is expected to witness substantial growth, with a projected valuation of US$ 29.3 billion in 2023 and an anticipated reach of US$ 58 billion by 2033, demonstrating a solid Compound Annual Growth Rate (CAGR) of 7% from 2023 to 2033.
Several factors are contributing to the growth of the two-wheeler aftermarket components and consumables market. One of the primary drivers is the increasing sales of two-wheelers worldwide, accompanied by a growing focus on research and development initiatives aimed at developing new and innovative products. Additionally, the significant surge in two-wheeler sales across emerging economies is bolstering market demand, as the preference for two-wheelers as a mode of transportation continues to rise.
Request Sample Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-11733
With the rising sales of two-wheelers, there is a corresponding increase in the need for aftermarket components and aftersales services. This trend is expected to further propel the growth of the two-wheeler components and consumables market, as consumers seek quality replacement parts and accessories to maintain and enhance the performance of their vehicles. Overall, the market outlook for two-wheeler aftermarket components and consumables appears promising, driven by robust sales trends and a growing focus on product innovation and customer satisfaction within the industry.
Competitive Landscape
The market for two wheeler aftermarket components & consumables is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.
Key Companies Profiled
|
Recent Developments in Two Wheeler Aftermarket Components & Consumables Market
- On May 5, 2023, TVS Racing announced its collaboration with KidZania, a renowned edutainment theme park, to introduce a unique racing experience catered toward young enthusiasts riders, a first-of-its-kind initiative.
- The first TVS Experience Centre in Singapore was inaugurated by TVS Motor Company in November 2022, showcasing its state-of-the-art facilities.
- In November 2022, Yamaha Motor Co., Ltd. announced its adoption of plant-derived cellulose nanofiber (CNF) reinforced resin for marine products. This collaboration with Nippon Paper Industries Co., Ltd. marks the world’s first practical use of this material, aimed at reducing CO2 emissions and environmental impact.
Direct Purchase of this Report: https://www.futuremarketinsights.com/checkout/11733
Key Segments Profiled in the Two-wheeler Aftermarket Components & Consumables Market
By Two-Wheeler Type:
- Standard Motorcycle
- Cruiser Motorcycle
- Sports Motorcycle
- Standard Scooter
- Maxi Scooter
- Mopeds
By Product Type:
- Components
- Fuel Injector
- Fuel Filter
- Air Filter
- Brake Pads
- Brake Shoes
- Brake Caliper
- Accelerator & Brake Cable
- Electric Starter Motor
- Clutch Plate
- Chain & Sprocket
- Battery
- Headlight Bulb
- Turn Indicator Bulb
- Spark Plugs
- Ignition Coil
- Shock Absorber
- Seat
- Exhaust Muffler
- Mirror
- Tires
- Consumables
- Washing Shampoo
- Cleaning Polish
- Coolant
- Engine Oil
By Sales Channel:
- Authorized Dealers
- Independent Dealers
- Online
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and 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.
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube