The Motorcycle Rider Accessories Market is expected to grow at a CAGR of 4.5% to reach USD 2179.6 million by 2028. The global motorcycle rider accessories market is witnessing significant growth due to the increasing consumer preference for advanced, technology-driven products. Smart helmets, in particular, are gaining traction as a result of the integration of innovative features such as noise control, ambient audio capability, audio multitasking, and built-in speakers and microphones. Despite their premium pricing, the demand for these helmets is on the rise due to the convenience and enhanced safety they offer. Moreover, manufacturers are incorporating wireless technology to make these helmets compatible with existing smart devices, further increasing their appeal.
APAC dominates the regional market because of The Motorcycle Rider Accessories Market encompasses a wide range of products designed to enhance the functionality, safety, and aesthetics of motorcycles. Key product categories include protective gear, communication systems, navigation devices, and customization accessories. Market growth is driven by increasing motorcycle sales, rising disposable income, and a growing preference for convenience and safety features. Companies are focusing on innovation and product differentiation to cater to diverse customer needs and preferences.
There are various factors that drive the Motorcycle Rider Accessories Market market which are as following: The global motorcycle rider community confronts a significant challenge with the escalating number of road accidents, a consequence of substandard road infrastructure and the burgeoning motorcycle population. These incidents frequently result in debilitating injuries for riders, such as traumatic spinal injuries from a herniated disk following a sudden impact on the spinal cord. The World Health Organization reports that annually, approximately 1.35 million fatalities and 20-50 million non-fatal injuries are attributed to road accidents worldwide. Ensuring rider safety is paramount, necessitating the development and implementation of advanced motorcycle accessories, such as protective gear and enhanced safety systems.
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Motorcycle Rider Accessories Market Segmentation
The market witnesses several challenges, which are as follows In the Motorcycle Rider Accessories Market, various accessories such as helmets, suits, knee guards, elbow guards, and boots are manufactured using diverse raw materials to cater to their specific functions. For instance, helmets are produced from materials like thermoplastic shells, advanced fiberglass shells, Kevlar, carbon composite shells, and expanded polystyrene foam (EPS) for enhanced protection and durability. Protective suits, on the other hand, are primarily made from either textile or leather, with technological advancements leading to the increasing demand for synthetic leather riding suits, which offer durability, adequate padding, and safety features.
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Some of the key companies that have been profiled in the report include:
The global motorcycle manufacturers market encompasses businesses involved in the production of motorcycles, scooters, trikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. Key growth drivers for the motorcycle manufacturers market include the burgeoning demand for two-wheelers in the Asia-Pacific region (APAC), which accounts for over 60% of global sales. Notably, India, China, Indonesia, and Thailand collectively accounted for over 75% of APAC's sales in 2020. India, in particular, represents a significant market opportunity for motorcycle manufacturers. - The Motorcycle Rider Accessories Market is experiencing significant growth, fueled by the Increasing number of road accidents. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Motorcycle Rider Accessories market is thriving, with an increasing demand for lightweight and high-quality products that enhance the riding experience. Premium accessories made from advanced materials are popular among motorcycle enthusiasts, who value product design and functionality. Riding communities play a significant role in driving sales, as recreational activities and touring become more popular. Reflectors, real-time traffic information, and weather updates are essential safety features for motorcycle riders. Motorcycle tourism is also a growing market, with convenience and comfort playing key roles in the purchase of care products, maintenance items, merchandise, apparel, and electronic accessories. Performance parts and protective gear are essential for enhancing the motorcycle's capabilities and ensuring rider safety. Brands like Honda and SW-Motech offer a range of premium accessories, including connectivity features such as smartphone applications, GPS navigation, and electronic accessories. These features provide riders with valuable information and enhance their overall riding experience. Whether it's for safety, performance, or simply adding personal style, the Motorcycle Rider Accessories market caters to a wide range of needs and preferences.
Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/
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