Motorcycle Accessories Market Report 2024 (Global Edition)

Global Motorcycle Accessories Market Report 2024 Market Size Split by Product Type Outlook: (Protective Gear, Frames and Fittings, Lighting, Headlights, Flashers, Bags & Luggage, Batteries, Others), b...

Motorcycle Accessories Market Report Description

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Motorcycle Accessories Market Insights Video

Competitive Landscape of the Motorcycle Accessories Market

The market for motorcycle accessories is very competitive and has both domestic and international competitors. In order to satisfy changing consumer demands, key corporations prioritize innovation and provide fashionable and technologically sophisticated products. Local producers serve budget-conscious consumers, while major brands like Dainese, Alpinestars, and Shoei control premium segments. E-commerce growth, product launches, and partnerships are typical tactics. Quality, affordability, and innovation are fueled by fierce rivalry, which shapes the market's dynamic growth environment.

In September 2023, A new exhaust system for the CB750 Hornet and XL750 Transalp was introduced by Slovenian exhaust systems manufacturer Akrapovi? d.d. (Source:https://www.akrapovic.com/en/news/35892/akrapovic-releases-exhausts-for-honda-xl750-transalp-and-cb750-hornet) In February 2023, Harley-Davidson introduced the H-D Collections, a line of high-end lifestyle clothing collections that are distinguished by the tradition and genuineness that are associated with the well-known motorcycle manufacturer. These collections were first made available on hdcollections.com. (Source:https://investor.harley-davidson.com/news/news-details/2023/HARLEY-DAVIDSON-LAUNCHES-H-D-COLLECTIONS-A-GROUPING-OF-LIFESTYLE-APPAREL-LINES-DEFINED-BY-HERITAGE-AND-CRAFTSMANSHIP/default.aspx) In February 2023, The power sports collection from 6D Helmets debuted with 40 options and new colours and graphics designed for both street and off-road markets. Among the helmet types in the collection were the ATR-2 off-road motorcycle helmet, the ATR-1 off-road helmet, the ATR-2Y youth off-road helmet, and the ATS-1R Street helmet with the Omni-Directional Suspension system (ODS), which improved safety characteristics. (Source:https://www.6dhelmets.com/blogs/news/6d-helmets-introduces-new-2023-collection?srsltid=AfmBOor6Li9UTibme3bbmFCLKvZo0A8Wtw4ZU-H90DYMU_t-L2109SC5)

Top Companies Market Share in Motorcycle Accessories Industry: (In no particular order of Rank)

• Alpinestars USA Inc.
• Arai Helmet Europe BV
• Dainese S.p.a.
• FLY Racing
• Bayerische Motoren Werke AG
• Caberg S.p.a.
• FOX HEAD Inc.
• Leatt Corp.
• SULLIVANS Inc.
• MT HELMETS
• Garmin Ltd.
• Harley Davidson Inc.
• Nolangroup S.p.a.
• PLANET KNOX Ltd.
• Sena Technologies Inc.
• SHOEI Co.
• Ltd.
• Schuberth GmbH
• SCOTT Sports SA
• Shot Race Gear USA
• Vista Outdoor Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Motorcycle Accessories Market

Which Region Dominates the Motorcycle Accessories Market in 2024?

According to Cognitive Market Research, North America currently dominates the Motorcycle Accessories market, and the region is expected to have significant growth during the projected period. The market for motorcycle accessories is anticipated to increase significantly in North America due to the region's strong motorcycling culture, growing disposable income, and growing emphasis on personalization. As commuting and recreational riders make investments in safety and customization, the region's need for premium protective gear, accessories that improve performance, and fashionable parts keeps growing. Furthermore, technological innovations like GPS systems and smart helmets are becoming more popular. The popularity of motorcycle touring and adventure sports further supports sales of accessories. North America's market is growing as a result of growing e-commerce platforms and growing demand for electric motorcycles.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The increasing use of motorbikes for both leisure and transportation in the Asia Pacific area is expected to propel significant growth in the market for motorcycle accessories. Demand for necessary accessories like helmets, gloves, and protective gear is rising as more people purchase motorcycles in countries like China, India, and Southeast Asia. Further factors driving market expansion include increasing urbanization, better infrastructure, and higher disposable incomes. Specialized accessories are in high demand due to the growing popularity of adventure and touring activities. Further bolstering the region's rising motorcycle accessory market are the growing e-commerce platforms and the trend toward electric motorcycles.

The current report Scope analyzes Motorcycle Accessories Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Motorcycle Accessories

According to Cognitive Market Research, the global Motorcycle Accessories market size was estimated at USD 8965.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3586.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Motorcycle Accessories market with a market size of USD 2829.51 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. The need for extras like performance upgrades, safety gear, and customized parts is fueled by the robust motorcycle culture in the US, which includes both commuter and recreational riders.
• The Canadian Motorcycle Accessories market had a market share of USD 430.34 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. In Canada, because of its cold winters, demand for accessories that appeal to seasonal riders is at its highest during the warmer months.
• The Mexico Motorcycle Accessories market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 326.34 million in 2024.

Europe Motorcycle Accessories

According to Cognitive Market Research, the global Motorcycle Accessories market size was estimated at USD 8965.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2689.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• The United Kingdom Motorcycle Accessories market had a market share of USD 451.86 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The use of motorcycles for commuting in crowded places like London is growing, which raises the need for useful extras like weatherproof apparel, GPS systems, and storage options.
• The France Motorcycle Accessories market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 247.45 million in 2024.
• According to Cognitive Market Research, the German Motorcycle Accessories market size was valued at USD 532.55 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. Germany, a centre for automotive engineering, has a market for high-tech motorbike accessories, including sophisticated helmets with built-in communication systems and parts that improve performance.
• The Italy Motorcycle Accessories market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 231.31 million in 2024.
• The Russian Motorcycle Accessories market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 416.90 million in 2024.
• The Spain Motorcycle Accessories market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 220.55 million in 2024
• The Luxembourg Motorcycle Accessories market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 83.38 million in 2024.
• The Portugal Motorcycle Accessories market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 56.48 million in 2024.
• The Greece Motorcycle Accessories market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 32.28 million in 2024.
• The Rest of Europe's Motorcycle Accessories market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 416.90 million in 2024.

Asia Pacific Motorcycle Accessories

According to Cognitive Market Research, the global Motorcycle Accessories market size was estimated at USD 8965.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2062.07 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Motorcycle Accessories market size was valued at USD 927.93 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Motorcycle Accessories have surged in China due to specialized accessories like battery charging stations and environmentally friendly parts becoming more and more in demand as electric motorcycles become more popular.
• The Japan Motorcycle Accessories market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 284.56 million in 2024.
• The India Motorcycle Accessories market had a market share of USD 247.45 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. In India, increasingly fashionable and functional accessories are becoming increasingly popular among urban commuters as earnings rise.
• The South Korean Motorcycle Accessories market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 206.21 million in 2024.
• The Australian Motorcycle Accessories market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 107.23 million in 2024.
• The South East Asia Motorcycle Accessories market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 142.28 million in 2024.
• The Rest of Asia Pacific Motorcycle Accessories market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 146.41 million in 2024.

South America Motorcycle Accessories

According to Cognitive Market Research, the global Motorcycle Accessories market size was estimated at USD 8965.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 448.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Motorcycle Accessories market size was valued at USD 191.86 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Motorcycle Accessories flourished in Brazil due to the demand for touring accessories, including luggage systems and off-road equipment fueled by Brazil's varied landscapes and expanding adventure tourism industry.
• Argentina's Motorcycle Accessories market had a market share of USD 75.31 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In Argentina, Due to the difficult economic environment, many buyers choose affordable, useful motorcycle accessories for daily usage and commuting.
• Colombia's Motorcycle Accessories market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 39.90 million in 2024.
• Peru's Motorcycle Accessories market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 36.76 million in 2024.
• Chile's Motorcycle Accessories market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 32.28 million in 2024.
• The Rest of Latin America's Motorcycle Accessories market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 72.17 million in 2024.

Middle East and Africa Motorcycle Accessories

According to Cognitive Market Research, the global Motorcycle Accessories market size was estimated at USD 8965.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 179.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031..

• The GCC Countries Motorcycle Accessories market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 76.74 million in 2024. Motorcycle Accessories sales flourish in GCC countries due to the region's need for high-end, bespoke accessories being driven by the increased interest in luxury motorcycles.
• The Egypt Motorcycle Accessories market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 18.83 million in 2024.
• The South African Motorcycle Accessories market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 28.33 million in 2024. Motorcycle Accessories sales flourished in South Africa due to the customers' desire to upgrade and customize motorcycles growing as the middle class expands, which is driving up demand for aftermarket accessories.
• The Turkey Motorcycle Accessories market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 15.42 million in 2024.
• The Nigeria Motorcycle Accessories market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 18.83 million in 2024.
• The Rest of the MEA Motorcycle Accessories market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 21.16 million in 2024.

Motorcycle Accessories Market Analysis

How are Segments Performing in the Global Motorcycle Accessories Market?

Motorcycle Accessories Market Product Type Segment Analysis

According to Cognitive Market Research, protective gear is likely to dominate the Motorcycle Accessories Market over the forecast period. Increased safety consciousness and strict laws requiring protective gear are driving the market for motorcycle accessories. Riders prioritize products such as riding suits, gloves, jackets, and helmets since they are crucial in lowering the danger of harm. New materials like carbon fibre and Kevlar increase comfort and durability, which increases acceptance. The rising popularity of adventure and tourist activities also fuels the need for specialist protection gear. Growing disposable incomes also incentivize motorcyclists to purchase premium safety gear, hence bolstering market expansion.

Lighting is the fastest-growing segment in the Motorcycle Accessories Market. The need for increased visibility, safety, and personalization is what is driving the market for lighting accessories for motorcycles. Enhancing rider visibility, particularly at night or in inclement weather, requires products like LED headlights, tail lights, turn signals, and auxiliary lighting systems. In order to customize their motorcycles, riders also look for lighting options that may be altered. Technological developments like smart lighting systems and energy-efficient LEDs also fuel the increasing demand. Lighting accessories remain a significant market sector as aesthetic preferences and safety concerns grow.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Motorcycle Accessories Industry. Request a Free Sample PDF!

Motorcycle Accessories Market Motorcycle Type Segment Analysis

According to Cognitive Market Research, the cruiser segment holds the largest share of the market. Because cruisers are becoming more and more popular for leisure and long-distance riding, there is a growing demand for motorcycle accessories in the cruiser motorcycle market. Because cruiser motorcycles are frequently linked to comfort, style, and personalization, there is a greater need for specialized accessories such as handlebars, exhaust systems, saddlebags, and seats. Comfort and style are important to riders, which increases sales of sturdy, high-quality equipment. The rise in motorcycle tourism and social riding activities is also fueling the demand for accessories that improve cruiser performance and flair.

In the Motorcycle Accessories Market, dual-purpose has been expanding at a rapid pace. The growing popularity of bikes made for both off-road and on-road use is driving up demand for motorcycle accessories in the dual-purpose motorbike market. Dual-purpose motorcycle riders place a high value on adaptable accessories that improve performance on various terrains. This includes lighting options, off-road tyres, handlebar grips, protection gear, and sturdy luggage systems. Dual-purpose motorcycles are becoming a popular option for adventure riding and touring, which increases demand for specialist equipment that provides comfort and durability in a variety of settings.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Motorcycle Accessories Distributional Channel Outlook: Segment Analysis

Motorcycle Accessories Market Distributional Channel Segment Analysis

According to Cognitive Market Research, the independent outlets segment is expected to dominate the market. Independent stores are crucial to the sale of motorcycle accessories because they serve regional markets and provide riders with individualized attention. Among these sources are independent retailers, aftermarket shops, and speciality motorcycle shops that offer a variety of accessories, ranging from performance parts to helmets. In addition to practical experience and the capacity to tailor items to specific demands, they frequently provide professional guidance. Independent stores are becoming a major distribution channel in the motorcycle accessories market due to the growth in demand for specialized and customized goods.

In the Motorcycle Accessories Market, multi-brand retail has been expanding at a rapid pace. In the motorcycle accessories market, the multi-brand retail distribution channel is essential because it allows a large range of products from several manufacturers to be found in one location. Large sports goods stores and vehicle chains are examples of retailers that offer convenience to customers by offering a wide range of performance components, tyres, jackets, and helmets. This channel serves both riders on a tight budget and fans looking for high-end equipment. These stores' multiple brand offerings help cater to a wide range of customer tastes and encourage competition, which in turn spurs innovation and price flexibility in the market for motorcycle accessories.

• Multi-brand Retail
• Organized Retail Outlet
• Independent Outlets
• Single Brand Retail
• Retail

Motorcycle Accessories Market Type Outlook: Segment Analysis

Motorcycle Accessories Market Market Type Segment Analysis

According to Cognitive Market Research, the original equipment market (OEM) segment holds the largest share of the market. The growing demand for dependable, high-quality components and accessories that meet manufacturer specifications is fueling the motorcycle accessory industry for Original Equipment Manufacturers (OEMs). OEM accessories, like lighting, exhaust systems, and custom-fit helmets, are frequently chosen by customers looking for goods that provide the best possible performance, longevity, and compatibility with their motorcycles. The need for OEM accessories is also being increased by motorcycle manufacturers working with accessory manufacturers to create bundled packages. The OEM market for motorcycle accessories is still expanding steadily as performance and safety continue to be the top considerations.

In the Motorcycle Accessories Market, the aftermarket has been expanding at a rapid pace. As riders seek to increase their motorcycles' performance, appearance, and personalization, the market for aftermarket equipment is expanding. Aftermarket accessories like handlebars, lighting, exhaust systems, and custom seats provide riders the freedom to customize their bikes to their tastes. The need for aftermarket equipment is fueled by the growing trend of motorbike customisation and the rise in do-it-yourself enthusiasts. Furthermore, aftermarket parts are frequently less expensive than OEM components, which contributes to their appeal to riders on a budget who nevertheless desire superior performance and elegance.

• Original Equipment Market (OEM)
• Aftermarket

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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