Fact.MR analyzes the Motorcycle Accessories market in a new publication titled Motorcycle Accessories Market Global Industry Analysis 2013–2017 and Forecast 2018–2026”.

This study provides data for 2018 along with the forecast for the period 2018–2026. The main objective of the report is to identify the dynamics in the market and provide recent updates and insights affecting various segments of the global Motorcycle Accessories market. Evolving culture of the motorcycle industry, along with the interest of riders in framing their unique identity, has led to the modification trend, wherein aftermarket-produced motorcycle accessories are increasingly sought-after. Modifications in motorcycles range from moderate to extreme, with typical modifications involving frames & fittings, electrical & electronics, and handle accessories. Expansion and innovation-driven efforts of major players in the Motorcycle Accessories market are likely to create lucrative avenues for market growth

The motorcycle accessories market will record an above-average 4.6% volume CAGR during the forecast period, 2018 to 2026, according to a recently published Fact.MR report.

Proliferation of aftermarket products is considered to be a boon for the growth of the motorcycle accessories market, despite its consequential complexities for manufacturers, suppliers, and owners alike.Varied approaches of OEMs with regard to the installation of aftermarket motorcycle accessories have been discouraging the growth of the latter. However, key established players such as BMW Motorad and Harley Davidson have designed their motorcycles to uphold the culture of custom products by collaborating with aftermarket motorcycle accessories manufacturers.

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Sensing the dynamically changing trends in the motorcycle accessories market, leading stakeholders to continuously focus on developments in sought-after products, such as crash protection, lighting, and horns. The study projects revenues from crash protection to be over 1.5 times of lightings. High demand for crash protection motorcycle accessories rides the coattails of government and manufacturers’ efforts to curtail the incidence of on-road collisions, wherein motorcyclists are at a relatively greater risk.

Every 8 in 10 motorcycle accessories are sold to conventional motorcycle owners. With cost being the primary concern among consumers worldwide, particularly in developing nations, purchases of cruiser and sports motorcycle accessories are confined to affluent consumers. Conventional motorcycle owners are therefore the target consumer base for manufacturers of motorcycle accessories as well as motorcycles alike.

Sales of motorcycle accessories for conventional motorcycles will exceed 400,000 thousand units in 2018.

This number will remain substantially higher than sales for a cruiser, sports, and off-road motorcycles combined.

Female Riders to Aid Transformation in Motorcycle Industry, Thereby Augmenting Demand for Motorcycle Accessories

Female riders are aiding transformation of the motorcycle industry, and women ridership is on the rise despite decline in the traditional motorcycle brands. In the U.S. alone motorcycle registrations closed in on 8.4 million in 2017, and many of the registrations belonged to women, according to Motorcycle Industry Council. The rise in female riders have paved lucrative avenues for stakeholders in the motorcycle accessories market, in terms of design and innovation.

India is envisioned to outgrow China in the motorcycle accessories market, with a 1% difference in CAGR through 2026. Growth in India is underpinned primarily by availability of facilitated vehicle finance options and foray of fuel-efficient motorcycles. Gradual decline in motorcycle sales in China against the backdrop of curbs on petrol-based motorcycles, has led the country to witness a shift from its pervasive dominance to second place, following India. However, the difference between revenue shares of Motorcycle accessories in India and China will remain insignificant, according to the study.

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Global Motorcycle accessories market segmentation and forecast

The global Motorcycle accessories market is segmented on the basis of product type, motorcycle type, sales channel, and region.

On the basis of product type, the global motorcycle accessories market is segmented into

Handle Accessories
Frames & Fittings
Electrical & Electronics
Protective Gears
Bags & Carriage Frames
Seat Covers and Security Systems.

Based on Motorcycle type, the market is segmented into

Conventional
Cruiser
Sports
Sports
Off-road.

On the basis of sales channels, the market is segmented on the basis of Specialized Outlets, Independent Outlets, and Online.

Significant regions covered in the report include

North America Motorcycle accessories Market
Latin America Motorcycle accessories Sales
Europe Motorcycle accessories Industry
China Motorcycle accessories Market
Japan Motorcycle accessories Production
Germany Motorcycle accessories Supply Assessment

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Key Market Players 

Yamaha Motor Company Ltd.
Hero Motocorp Ltd.
Harley-Davidson, Inc.
VEGA AUTO ACCESSORIES PVT. LTD.
Omax Auto Ltd
Studds Accessories Ltd.
OM Steel Industries
OSRAM Licth AG
AGV sports group
GIVISrl
Steelbird Hi-Tech India Pvt. Ltd.
Flying co., LTD.
YF Protector Co. Ltd.
Foshan Xinmatuo Motorcycle Parts Industrial Company

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