Motorcycle Parts and Accessories Market Research Report Information by Motorcycle Type, By Product Type, Motorcycle Accessories {Seat & Seat Covers, Storage, Protective Gears, Handlebars, Frames & fitting, Electrical & Electronics, Backrests, Engine Guard

Motorcycle Parts and Accessories Market Research Report Information by Motorcycle Type, By Product Type, Motorcycle Accessories {Seat & Seat Covers, Storage, Protective Gears, Handlebars, Frames & fitting, Electrical & Electronics, Backrests, Engine Guard, Windshield, Others), By Distribution Channel (Brick & Mortar Stores, E-commerce Marketplace, Direct-to-Consumer, Online Retailer), By End-Users (OEM, Aftermarket) and By Region –Forecast Till 2032

Market Synopsis

In 2022, the market for motorcycle parts and accessories was estimated to be worth USD 3,326.60 million. The industry for motorcycle parts and accessories is expected to develop at a compound annual growth rate (CAGR) of 5.2% over the course of the forecast period, from USD 3,490.66 million in 2023 to USD 5,497.14 million by 2032. Motorcycle systems and parts, or parts and accessories, are created, manufactured, and integrated to create motorcycles that meet specific requirements for cost, performance, and appearance. Body components include the engine and all of its parts, the suspension, the battery and all of its parts, the tank, the exhaust, the brakes and all of their parts, and the dashboard. Included in the category of accessories are the engine guard, windshield, handlebars, frames & fittings, electrical & electronics, storage, engine guard, and other items.

The rapid increase in urbanization and traffic congestion in cities drives up demand for motorcycle components and accessories. Due to their efficiency and flexibility in negotiating congested roads, motorbikes are becoming an increasingly popular form of transportation as cities grow and the issues of traffic congestion worsen. Motorcyclists can get around traffic bottlenecks and quickly get at their destinations by using motorcycles as a means of transportation. The increased popularity of motorcycles due to urbanization has increased demand for parts that improve comfort, safety, performance, and looks. Accessories that address storage, communication, navigation, and safety are becoming more and more popular as city commuters look to maximize their commuter experiences. The market for motorcycle parts and accessories is driven by the need for dependable, high-quality parts that address issues with urban mobility. Innovation and adaptation are essential to satisfying the demands of a changing urban context.

Insights on market segments

The segmentation of the motorcycle parts and accessories market is based on the kind of motorcycle and comprises bagger, cruiser, touring, and others.

Motorbike Parts {Body Part, Engine & Engine Parts, Suspension Parts, Battery & Battery Parts, Tank, Exhaust, Brakes & Brake Parts, Dashboard, Others}, Motorcycle Accessories {Seat & Seat Covers, Storage, Protective Gears, Handlebars, Frames & fitting, Electrical & Electronics, Backrests, Engine Guard, Windshield, Others} are the market segments based on the product type.

OEM and Aftermarket are included in the market segmentation based on End-Users.

The Motorcycle Parts and Accessories Market is divided into four distribution channels: brick and mortar stores, online retailers, direct-to-consumer, and e-commerce marketplaces.

The market is divided into OEM and Aftermarket segments based on the sales channel.

Localized Perspectives

In 2022, the market for motorcycle parts and accessories in North America accounted for around 61.2%. Over the course of the study period, a notable compound annual growth rate is anticipated. The demand for electric motorcycles has significantly increased in the North American market for motorcycle parts and accessories. This change may be the result of several factors pushing electric motorbike adoption in North America. Consumers are looking at greener transportation options as a result of sustainability concerns and a focus on cutting carbon emissions. Carbon emissions from electric motorcycles are zero, making them environmentally beneficial. Furthermore, the range of electric motorcycles has expanded due to advancements in battery technology, making them suitable for extended excursions. Electric motorcycles are becoming more and more popular due to their quick torque and quieter operation. In response to the growing demand, major manufacturers and aftermarket providers have increased the range of parts and accessories they offer for electric motorcycles. This includes parts like high performance batteries, charging infrastructure, and riding gear specifically designed for owners of customized electric motorcycles.

The demand for electric motorcycles has significantly increased in the European motorcycle parts and accessories industry. Stricter pollution regulations, technological advancements in electric car technology, and increased environmental consciousness are among the factors that are blamed for this. As European nations prioritize sustainability and the reduction of carbon emissions, people are favoring electric motorcycles as an economical and eco-friendly form of transportation. As a result, there is a growing market for electric motorcycle parts and accessories, such as components for charging solutions, performance enhancement, and specialty batteries. Additionally, the area has seen a rise in the demand for custom motorbikes. Additionally, the popularity of customized motorcycles has grown in the area.

Principal Players

Key players in the industry include Indian Motorcycle International, LLC, Steelbird, YF Protector Co. Ltd., AltRider LLC., Cobra USA Inc., Kawasaki Heavy Industries, Ltd., Harley Davidson, Vega Auto Accessories Ltd., Studds Accessories Ltd., RevZilla, Triumph Motorcycles, and Yamaha Motor Company Ltd.