Motorcycle Rider Accessories Market Size to Grow by USD 2.78 Bn, Increasing Number of Road Accidents to Boost Market Growth

Motorcycle Rider Accessories Market Size to Grow by USD 2.78 Bn, Increasing Number of Road Accidents to Boost Market Growth

NEW YORK, Nov. 1, 2022 /PRNewswire/ — The “Motorcycle Rider Accessories Market by Product (Helmets, Apparel, Gloves, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled Global Motorcycle Rider Accessories Market 2022-2026

Technavio has announced its latest market research report titled Global Motorcycle Rider Accessories Market 2022-2026

The potential growth difference for the motorcycle rider accessories market size between 2021 and 2026 is USD 2.78 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Key Market Dynamics

  • Market Driver: The increasing number of road accidents is driving the motorcycle rider accessories market growth. These accidents are attributed to low-grade road transport infrastructure and the rising number of motorcycles. Road accidents can result in several injury-related impairments in riders or disabilities. They can also lead to chronic health complications that can result in various forms of disabilities. Therefore, the rising awareness about the implications of road accidents is encouraging riders to adopt protective motorbike riding gear. Motorcyclists are adopting various add-on accessories, such as visors and helmet displays, to avoid distractions. This, in turn, will fuel the market growth during the forecast period.

  • Market Challenge: Fluctuations in raw material prices are challenging the motorcycle rider accessories market growth. Thermoplastic shells, advanced fiberglass shells, Kevlar and carbon composite shells, and various EPS materials are the commonly used raw materials in helmets. Protective suits are either made of textile or leather. However, the procurement of raw materials includes add-on costs for transportation and other necessary services. Manufacturers incur costs on the supply of raw materials to factories, the supply of intermediary goods to production sites, the transportation of end products to warehouses, and the delivery of finished goods to end-users. Such high spending by vendors may limit the market growth during the forecast period.

To learn about additional key drivers, trends, and challenges available with Technavio, Read our FREE Sample Report right now!

Market Segmentation

By product, the helmets segment will be a significant contributor to market growth during the forecast period. Helmets are worn by motorbike riders for daily commutes, trips, expeditions, and sporting activities. A wide range of helmets is available in the market for different purposes. These helmets comply with various regional standards, which is driving the growth of the segment.

Get lifetime access to our Technavio Insights! Subscribe to our Basic Plan billed annually at USD 5000

By geography, APAC will be the leading region with 37% of the market’s growth during the forecast period. China and Japan are the key countries for the motorcycle rider accessories market in APAC.

Find additional insights into the contribution of all the segments and regional opportunities in the report. Buy Now for detailed segment information

Some Companies Mentioned

Want your report customized? Speak to an analyst and personalize your report according to your needs

Related Reports

Motorcycle Transmission Control Unit Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The increasing demand for fuel-efficient motorcycles is driving the market growth. Electronic Fuel Injection (EFI) limits the amount of fuel to the engine. The EFI system is nearly 30% more fuel-efficient than the earlier carburetor.

Motorcycle Advanced Driver Assistance System Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The increasing number of road accidents is driving market growth. Road accidents often result in several injury-related impairments in riders. For instance, a sudden blow to the spinal cord may result in traumatic spinal injuries due to a slipped disk.

Motorcycle Rider Accessories Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of over 5.58%

Market growth 2022-2026

USD 2.78 billion

Market structure

Fragmented

YoY growth (%)

4.75

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alpinestars USA Inc., Arai Helmet Europe BV, Bayerische Motoren Werke AG, Caberg Spa, Dainese Spa, FLY Racing, FOX HEAD Inc., Garmin Ltd., Harley Davidson Inc., Leatt Corp., MT HELMETS, Nolangroup Spa, PLANET KNOX Ltd., Schuberth GmbH, SCOTT Sports SA, Sena Technologies Inc., SHOEI Co. Ltd., SULLIVANS Inc., Vista Outdoor Inc., and Shot Race Gear USA

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Consumer Discretionary Market Reports

Key Topics Covered

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Motorcycle Rider Accessories Market 2022-2026

Global Motorcycle Rider Accessories Market 2022-2026

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/motorcycle-rider-accessories-market-size-to-grow-by-usd-2-78-bn-increasing-number-of-road-accidents-to-boost-market-growth—technavio-301662526.html

SOURCE Technavio

3 Pickup Trucks With Surprisingly Low Maintenance Costs Previous post 3 Pickup Trucks With Surprisingly Low Maintenance Costs
2022 Subaru WRX vs. Civic Si, Elantra N, Golf GTI, GR86 Next post 2022 Subaru WRX vs. Civic Si, Elantra N, Golf GTI, GR86