Aftermarket Motorcycle Full Exhaust Systems Market to grow at a CAGR of 8.46% during 2024-2028
The Aftermarket Motorcycle Full Exhaust Systems Market is expected to grow at a CAGR of 8.46% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1.79 billion. In the aftermarket motorcycle full exhaust systems market, there has been a notable trend towards the adoption of titanium-based systems. The use of titanium, the lightest material in exhaust system manufacturing, offers several advantages. Not only does it provide a distinctive aesthetic appeal, but it also significantly reduces the weight of full systems. This weight reduction leads to enhanced performance through increased horsepower. The application of titanium and its alloys in motorcycle parts has witnessed substantial growth in recent years, contributing to improved vehicle performance and fuel efficiency.
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Technavio analysts predict that the Aluminum subsegment will lead the Material segment during 2024 and 2028 The aftermarket motorcycle full exhaust systems market is witnessing significant growth, with the aluminum segment exhibiting steady demand due to its cost-effective and durable properties. However, the expansion rate of aluminum is anticipated to trail behind that of titanium and carbon fiber segments. Consequently, the aluminum segment may experience a decline in market share over the forecast period. Aluminum, while not the lightest metal, offers durability that surpasses many others. Its affordability in comparison to titanium and carbon fiber makes it an attractive choice for price-conscious consumers seeking aftermarket full exhaust systems.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish need for enhanced performance, appearance, and sound in motorcycles
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The aftermarket motorcycle full exhaust systems market caters to the needs of riders seeking a safer expulsion of combustion byproducts while enhancing the overall riding experience. These systems, consisting of tailpipes, exhaust pipes, mufflers, mid pipes, and headers, are designed to optimize the bike's performance and provide a racing feel for both the driver and passenger. High displacement motorcycles and on-road motorcycles, particularly in the sports motorcycle segment, are popular choices for aftermarket exhaust systems. Carbon fiber components and lightweight materials are increasingly being used to reduce weight and improve power output. For racing enthusiasts, the aftermarket for motorcycle exhaust systems offers a multitude of benefits. These include improved sound, enhanced appearance, and increased performance. However, it is essential to ensure that these systems meet safety standards and do not compromise the driver's or passenger's safety. The engine's combustion process generates noise and heat, which are expelled through the exhaust system. Aftermarket exhaust systems can help manage these byproducts effectively while providing a more enjoyable riding experience. By optimizing the design of the exhaust system, riders can experience improved engine response, increased power output, and a more responsive throttle.
According to Technavio, the global aftermarket for motorcycle full exhaust systems is a segment of the larger automotive parts and equipment market, which encompasses businesses producing components and accessories for various automotive categories, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. The global automotive parts and equipment market's size is determined by the consolidated revenue generated by manufacturers of automotive components and equipment. Key growth drivers for this market include the rising demand for electronic components in automobiles, fueled by the increasing sales of electric vehicles, motorcycles, and passenger cars over the past decade.
The Aftermarket Motorcycle Full Exhaust Systems Market is experiencing significant growth, fueled by the need for enhanced performance, appearance, and sound in motorcycles. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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