Global Motorcycle Parts Market Research Report 2024(Status and Outlook)
The global Motorcycle Parts market size was valued at US$ 67.23 billion in 2024 and is projected to reach US$ 89.56 billion by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
The United States Motorcycle Parts market size was valued at US$ 8.45 billion in 2024 and is projected to reach US$ 10.87 billion by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.
Motorcycle Parts encompass all components and accessories used in the construction, maintenance, and customization of motorcycles, including engines, transmissions, brakes, suspension systems, and body parts.
The global Motorcycle Parts market is experiencing moderate growth, driven by increasing motorcycle sales in developing countries, the growing popularity of recreational motorcycling in developed markets, and the rise of electric motorcycles. In 2023, total sales volume reached 750 million units, with engine components accounting for 30% of market value. The electric motorcycle parts segment is the fastest-growing at 15% annually, albeit from a smaller base. Key trends include a 20% increase in demand for lightweight, high-performance materials like carbon fiber and titanium in 2023, particularly in the sports and racing segments. OEM parts dominate with a 65% market share, but the aftermarket segment is growing at 5.5% annually, driven by customization trends and the aging of the global motorcycle fleet. Asia Pacific leads with a 60% market share, fueled by high motorcycle ownership rates in countries like India and Indonesia, while Europe is the fastest-growing region at 5.5% CAGR, driven by the premium and electric motorcycle segments. The industry is focusing on developing advanced electronic components for improved safety and performance, with a 35% increase in R&D investments for ABS systems, traction control, and ride-by-wire technologies. There's also a significant trend towards the adoption of IoT and connected technologies in motorcycles, with a 50% year-over-year increase in the integration of telematics and smartphone connectivity features in new models.
Report Overview
A motorcycle, often called a bike, motorbike, or cycle, is a two- or three-wheeled motor vehicle.
This report provides a deep insight into the global Motorcycle Parts market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Motorcycle Parts Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Motorcycle Parts market in any manner.
Global Motorcycle Parts Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Bosch (Germany)
Continental (Germany)
Bridgestone (Japan)
Toyota Boshoku (Japan)
Alps Electric (Japan)
NTN (Japan)
Hitachi Chemical (Japan)
NHK Spring (Japan)
Yokohama Rubber (Japan)
ADVICS (Japan)
OSRAM Licht (Germany)
Brembo (Italy)
Camel Group (China)
Tata AutoComp Systems (India)
Market Segmentation (by Type)
Body, Fairing & Fender Parts
Drive & Transmission Parts
Audio & Speaker Parts
Others
Market Segmentation (by Application)
Street Motorcycle
Off-Road Motorcycle
Dual Purpose Motorcycle
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Motorcycle Parts Market
Overview of the regional outlook of the Motorcycle Parts Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
