As per MRFR analysis, the Motorcycle Handle Grip Market Size was estimated at 621.8 (USD Billion) in 2023. The Motorcycle Handle Grip Market Industry is expected to grow from 666.0 (USD Billion) in 2023 to 1,292.2 (USD Billion) by 2032. The Motorcycle Handle Grip Market CAGR (growth rate) is expected to be around 7.1% during the forecast period (2024 - 2032).
Recent advancements in motorcycle technology have had a significant impact on the global market for motorcycle handle grips. The rise of electric vehicles and the increasing popularity of adventure and
have fostered demand for specialized handle grips that enhance comfort, control, and durability.
Key market drivers include the growing number of motorcycle enthusiasts worldwide, coupled with increased disposable income and a desire for personalized riding experiences. Furthermore, technological advancements in grip materials, such as the introduction of anti-vibration and heated grips, further drive market expansion.
Opportunities for market capture lie in the development of innovative handle grips that cater to specific riding styles and preferences. Customization, ergonomic design, and the integration of advanced features, such as smartphone connectivity and GPS navigation, present untapped growth potential. Additionally, the increasing popularity of motorcycle racing and the influence of professional riders on consumer choices create opportunities for premium and performance-oriented handle grips.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Motorcycle handle grip demand is driven by the rising acceptance that motorcycles are good for commuting, leisure and adventure travel. Motorcycles have several benefits over cars, including cost-effectiveness, petrol mileage and maneuverability, which make them an attractive option to riders in both developed and developing countries. As the number of ownerships grows, there will be a corresponding rise in demand for replacement as well as aftermarket handle grips.
Furthermore, the increasing popularity of electric motorcycles that have special handle grip designs is also contributing to market growth.
The Motorcycle Handle Grip Markets are experiencing significant technological advancements and innovation in terms of handle grip design and materials being used. Comfort, aesthetics, and safety continue to be areas where producers make attempts to improve their products. Manufacturers are using vibration-dampening materials coupled with ergonomic designs more frequently as they try to meet the demands of bikers who wish for luxurious rides on their bikes for long distances traveled. Also, manufacturers are increasingly turning to technologically advanced materials such as carbon fiber and lightweight alloys because they can offer durability as well as weight reduction suitable for professional riders' performance requirements and those of race enthusiasts.
The Motorcycle Handle Grip Market Industry is affected by rising demand for personalization and customization of motorcycles. Riders desire unique and fashionable handle grips that match their motorcycle's aesthetics or reflect their taste. In response to this trend, manufacturers have come up with a wide range of designs, colors as well as material options when it comes to handling grips. Customized riding style-specific handle grips are increasingly becoming popular so that riders can improve the overall appearance of their motorbikes.
Handlebar Type segments the Motorcycle Handle Grip Market into Straight Handlebars, Drag Handlebar, and Clip-on Handlebar. Among these, the Straight Handlebar segment is expected to hold the largest market share during the forecast period. Straight handlebars are commonly used on motorcycles like cruisers, standard motorcycles, and adventure motorcycles. They provide an upright riding position, which is comfortable for long rides and offers good control over the motorcycle. The Drag Handlebar segment is expected to witness significant growth during the forecast period.Drag handlebars are typically found on bobber and chopper motorcycles. They are characterized by their low, wide stance, which gives the motorcycle a distinctive look.
Drag handlebars are popular among riders who want to customize their motorcycles and stand out from the crowd. The Clip-on Handlebar segment is expected to hold a smaller market share compared to the other segments. Clip-on handlebars are primarily used on sportbikes and racing motorcycles. They are mounted directly onto the motorcycle's forks, which results in a lower and more aggressive riding position.Clip-on handlebars are designed to reduce wind resistance and improve aerodynamics, making them ideal for high-speed riding. Overall, the Motorcycle Handle Grip Market is expected to witness steady growth over the coming years, driven by the increasing popularity of motorcycles and the growing demand for customized and high-performance motorcycles.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Material segment of the Motorcycle Handle Grip Market is anticipated to contribute significantly to the overall market growth. Rubber dominates the segment due to its exceptional durability and resistance to wear and tear. Foam, known for its comfort and shock absorption properties, is projected to witness steady growth, catering to the increasing demand for enhanced riding comfort. Synthetic Leather, offering a blend of durability and aesthetics, is expected to gain traction, particularly in the premium motorcycle segment.Cork, with its natural antimicrobial and vibration-dampening properties, is anticipated to emerge as a niche segment, appealing to riders seeking eco-friendly and ergonomic solutions. The Motorcycle Handle Grip Market is estimated to reach a valuation of around USD 3.2 billion by 2024, driven by the growing popularity of motorcycling and the increasing demand for safety and comfort features.
The Motorcycle Handle Grip Market is segmented by Diameter into 22mm, 25mm, and 28mm. The 22mm segment is expected to hold the largest market share in 2023, owing to its wide usage in standard motorcycles. The 25mm segment is projected to witness the highest growth rate during the forecast period due to its increasing popularity in adventure and touring motorcycles. The 28mm segment is expected to account for a significant share of the market, driven by its demand for high-performance motorcycles.
The Motorcycle Handle Grip Market is segmented by grip pattern into diamond patterns, waffle patterns, and smooth patterns. Among these, the diamond pattern segment is expected to hold the largest market share in 2023, owing to its superior grip and comfort. The waffle pattern segment is expected to grow at the highest CAGR during the forecast period due to its increasing popularity among off-road riders. The smooth pattern segment is expected to account for a significant market share due to its versatility and wide range of applications. This growth is attributed to the increasing popularity of motorcycles, rising disposable income, and growing demand for safety and comfort features.
One of the elements under review in this market report is the style sector of the global motorcycle handle grip industry, which is full of three broad categories, namely Vintage, Sport and Cruiser. The vintage grips are made to match classic and retro-styled motorcycles thus giving them a nostalgic look. Sport grips give priority to ergonomics and smooth-gripping for riders looking for performance and control. On the other hand, cruiser grips are about comfort while sporting wide-diameter cushioned designs that make them suitable for long-distance traveling. In 2023, the vintage style segment accounted for a market share of approximately 24%, while the sport and cruiser segments accounted for 32% and 44%, respectively.
The demand and market share of vintage grips will remain constant with CAGR at 3.1% as opposed to sport (3.6%), and cruiser (4.1%) due to more customization of bikes on order bases focused on performance needs.
The Motorcycle Handle Grip Market is growing at a significant rate across various regions. North America has a substantial market share attributed to well-established motorcycle manufacturers as well as a large consumer base; the projected regional market size is estimated to be around USD 1.2 billion by 2023, increasing at a CAGR of 3.6 % over the forecast period. Europe represents another major market propelled by increased disposable income levels among the population, along with the surging popularity of bike tourism in this region.
APAC emerges as the fastest-growing region within the Motorcycle Handle Grip Market, expanding at a CAGR above four percent due to the rapid expansion of the middle-class population, increased urbanization rates coupled with greater adoption of motorbikes used as the main means of transportation resulting in shifting trend from cars to two wheels thereby boosting revenue generation during the forecast period of 2024 to 2032. South America and MEA also are emerging regions with growth potential in future years..
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Motorcycle Handle Grip Market industry are continuously innovating and developing new products to meet the evolving demands of customers. Leading Motorcycle Handle Grip Market players are investing heavily in research and development to enhance the performance and functionality of their products. The Motorcycle Handle Grip Market industry is highly competitive, with numerous established and emerging players competing for market share. The competitive landscape is characterized by strategic partnerships, mergers and acquisitions, and intense competition in terms of product innovation, pricing, and distribution channels.A prominent competitor in the Motorcycle Handle Grip Market is ProTaper, which offers a wide range of grips designed to provide riders with improved comfort, control, and vibration reduction. The company's products are known for their durability, ergonomics, and stylish designs.
ProTaper has a strong presence in the off-road and motocross segments and has established partnerships with leading motorcycle manufacturers and racing teams.Another key player in the Motorcycle Handle Grip Market is Renthal, which specializes in the production of high-performance grips for both on-road and off-road applications. The company's grips are designed to enhance rider comfort, reduce fatigue, and provide excellent vibration damping. Renthal grips are particularly popular among professional racers and enthusiasts who demand the highest levels of performance and reliability. The company has a strong focus on innovation and continuously develops new grip designs and materials to meet the evolving needs of riders.
The Motorcycle Handle Grip Market is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 3.46% during the forecast period 2024-2032. Increasing demand for motorcycles, particularly in emerging economies, is a key factor driving market growth. Additionally, rising disposable income levels and growing awareness of safety and comfort among riders are contributing to the demand for premium handle grips. Technological advancements, such as the integration of heated grips, smartphone connectivity, and vibration-dampening features, are further fueling market expansion. Key industry players are focusing on product innovation and strategic partnerships to gain a competitive edge. Recent developments include the launch of self-cleaning and antimicrobial handle grips designed to enhance hygiene and reduce the risk of infection.
| Report Attribute/Metric | Details |
| Market Size 2023 | 621.8 (USD Billion) |
| Market Size 2024 | 666.0 (USD Billion) |
| Market Size 2032 | 1,292.2 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 7.1% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Puig ,Polisport ,Domino ,ODI ,Vicma ,Renthal ,Rizoma ,Barracuda ,Ariete ,ASV ,Koso ,Touratech ,Acerbis ,Oxford ,ProTaper |
| Segments Covered | Handlebar Type, Material, Diameter, Grip Pattern, Style, Regional |
| Key Market Opportunities | Heated hand grips for comfort in cold climates Ergonomic designs for reduced fatigue Customizable styles for personalization Vibration-dampening grips for increased rider comfort Antislip materials for improved control |
| Key Market Dynamics | Increasing demand for customized grips Rising popularity of electric motorcycles Growing adoption of advanced materials Focus on comfort and safety. Expansion of aftermarket accessories |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Motorcycle Handle Grip Market was valued at USD 3.09 billion in 2023 and is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 3.46% during the forecast period (2023-2032).
Asia-Pacific is expected to dominate the Motorcycle Handle Grip Market, accounting for the largest market share during the forecast period. The growth in this region can be attributed to the increasing demand for motorcycles, particularly in countries like India and China.
The Motorcycle Handle Grip Market is primarily driven by factors such as the rising popularity of motorcycles, increasing disposable income, and growing awareness about safety and comfort. Additionally, technological advancements and the introduction of innovative handle grips are further contributing to the market growth.
Motorcycle Handle Grips are primarily used for providing a comfortable and secure grip for riders. They find applications in various types of motorcycles, including street bikes, sport bikes, cruisers, and touring motorcycles.
Key competitors in the Motorcycle Handle Grip Market include Renthal, ProTaper, ODI Grips, Acerbis, and Domino. These companies offer a wide range of handle grips tailored to different motorcycle types and rider preferences.
The COVID-19 pandemic had a moderate impact on the Motorcycle Handle Grip Market. The initial outbreak and subsequent lockdowns led to disruptions in the supply chain and a decline in motorcycle sales. However, as the pandemic eased, the market gradually recovered, driven by pent-up demand and increased interest in personal mobility.
Emerging trends in the Motorcycle Handle Grip Market include the adoption of ergonomic designs, the use of advanced materials, and the integration of technology. Manufacturers are focusing on developing handle grips that provide optimal comfort, reduce fatigue, and enhance safety for riders.
The Motorcycle Handle Grip Market faces challenges such as intense competition, fluctuating raw material prices, and changing consumer preferences. Additionally, safety regulations and standards can impact the design and production of handle grips, affecting the overall market dynamics.
The Motorcycle Handle Grip Market is expected to continue growing over the forecast period, driven by factors such as the increasing popularity of motorcycles, rising disposable income, and technological advancements. The market is projected to reach a valuation of USD 4.2 billion by 2032, exhibiting a CAGR of 3.46% during 2023-2032.
Key strategies adopted by players in the Motorcycle Handle Grip Market include product innovation, strategic partnerships, and geographic expansion. Companies are investing in research and development to introduce new and improved handle grips that meet evolving rider needs. Additionally, collaborations with motorcycle manufacturers and aftermarket suppliers help expand market reach and enhance brand visibility.
Head Research Having diverse understanding in both qualitative & quantitative research for life science, chemicals & materials. his multi-tasking skill always aided to obtain real time information for many critical projects. on the other hand, he has worked with many fortune 500 companies over the last few years and helped them to take strategic move.
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