Two wheeler accessories are features and accessories selected by a motorcycle owner to enhance safety, performance, or comfort, and may include anything from mobile electronics to sidecars and trailers. An accessory may be added at the factory by the original equipment manufacturer or purchased and installed by the owner post-sale as aftermarket goods.
Market Analysis and Insights: Global Two Wheeler Accessories Market
Due to the COVID-19 pandemic, the global Two Wheeler Accessories market size is estimated to be worth US$ 10500 million in 2022 and is forecast to a readjusted size of US$ 13510 million by 2028 with a CAGR of 4.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Protective Gears accounting for % of the Two Wheeler Accessories global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While OEM segment is altered to an % CAGR throughout this forecast period.
Europe is famous for its rich colonial culture and historical locations, making the continent one of the leading tourist destinations in the world. Every year Europe witnesses a large number of tourists and this growing tourist population has triggered the need for two wheelers in the region to make travel and sightseeing more affordable and convenient. This has consequently led to a rise in the sales of two wheeler accessories.
Global Two Wheeler Accessories Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Two Wheeler Accessories Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Protective Gears
Fittings
Lights
Battery
Others
Segment by Application
OEM
Aftermarket
By Company
TVS Motor
AGV Sports Group
GIVISrl
Steelbird Hi-Tech
Flying
YF Protector
Yamaha Motor
Hero Motocorp
Harley-Davidson
Omax Auto
Studds Accessories
OM Steel Industries
OSRAM Licth
Foshan Xinmatuo Motorcycle Parts
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina