Improved economic outlook across the globe resulted into substantial increase in purchasing power of consumers over the past few years. Consequently, several industry verticals reported an increase in overall demand for respective products, and automotive industry is no different. However, different trends in sales reported across sub-segments within the automotive sector, but motorcycle sales has always remained impressive, particularly in high potential markets. Growth in global motorcycle market ascertained the growth of allied industries such as motorcycle component and accessories.
Motorcycle Accessories Market: Key Players
Some of the Key players operating into the global motorcycle accessories market are
- Bajaj Auto Limited
- Honda Motor Company Limited
- KTM Company
- Loncin Motorcycle
- Ducati Motor Holding S.p.A
- Hero Motocorp Limited
- Chongqing Lifan Industry (Group) Company Limited
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
Motorcycle Accessories Market: Drivers and Restraints
Worldwide sales of motorcycle in the developed as well as developing countries is projected to augment the demand for motorcycle accessories over the forecast period. With more manufactures focusing on technology and product development, the demand for motorcycle accessories is expected to showcase a promising future throughout the forecast period.
Consumers preference for aftermarket can hinder the sales for OEM (Original Equipment Market), as is one of the big challenge for the growth of the motorcycle accessories market.
Motorcycle Accessories Market: Segmentation
On the basis of product type
- Protective Gear
- Frames and Fittings
- Bags & Luggage
On the basis of motorcycle type
- Sport bikes
- Scooters, mopeds
On the basis of distributional channel
- Multi brand Retail
- Organized Retail Outlet
- Independent Outlets
- Single Brand Retail
On the basis of market type
- Original Equipment Market (OEM)
On the basis of geography
- North America
- Latin America
- West Europe
- Eastern Europe
- Middle East & Africa
- Asia Pacific excluding Japan
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