Motorcycle Parts and Accessories Market Research Report by Motorcycle Type, By Product Type , Motorcycle Accessories { Seat & Seat Covers, Storage, Protective Gears, Handlebars, Frames & fitting, Electrical & Electronics, Backrests, Engine Guard, Windshield, Others), By Distribution Channel (Brick & Mortar Stores, E-commerce Marketplace, Direct-to-Consumer, Online Retailer), By End-Users (OEM, Aftermarket) and By Region –Market Forecast Till 2032

Motorcycle Parts and Accessories Market Overview

Motorcycle Parts and Accessories Market Size was valued at USD 3,326.60 million in 2022. The Global Motorcycle Parts and Accessories market industry is projected to grow from USD 3,490.66 Million in 2023 to USD 5,497.14 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.2% during the forecast period (2023 - 2032).  Motorcycle parts and accessories are components and systems for a motorcycle that are designed manufactured as well assembled to produce motorcycles with desired aesthetics, performance, and cost. It includes body parts such as engine and engine parts, suspension parts, battery & battery parts, tank, exhaust, brakes & brake parts, and dashboard. In accessories, include seat and seat covers, storage, protective gears, handlebars, frames & fitting, electrical & electronics, backrests, engine guard, windshield, and others.

FIGURE 1: MOTORCYCLE PARTS AND ACCESSORIES MARKET SIZE 2019-2032 (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Motorcycle Parts and Accessories Market Trends

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  RAPID URBANIZATION COUPLED WITH THE URBAN TRAFFIC CONGESTION

  
  

The swift pace of urbanization, combined with escalating urban traffic congestion, fuels the demand for motorcycle parts and accessories. As cities grow, the challenges of traffic congestion become more pronounced, making motorcycles an increasingly popular mode of transportation due to their maneuverability and efficiency in navigating congested roads. Motorcycles offer an effective solution for commuters to navigate through traffic jams and reach their destinations swiftly. This urbanization-driven surge in motorcycle adoption translates to heightened demand for parts that enhance performance, safety, comfort, and aesthetics. Accessories catering to storage, navigation, communication, and protection also gain prominence as urban riders seek to optimize their commuting experiences. The need for reliable and high-quality parts that address urban mobility challenges propels the motorcycle parts and accessories market, where innovation and adaptation play pivotal roles in meeting the demands of an evolving urban landscape.

Motorcycle Parts and Accessories Market Platform Segment Insights:

Motorcycle Parts and Accessories Motorcycle Type Insights

Based on Motorcycle Type, the Motorcycle Parts and Accessories Market segmentation includes Bagger, Cruiser, Touring, Others. The Cruiser will be the majority share in 2022, contributing around 35.2% to the market revenue. The cruise segment focuses on motorcycles designed for comfortable long-distance rides and a relaxed riding experience. Cruisers typically have a low seat height, a laid-back riding position with forward-set footpads, and wide handlebars for easy maneuverability. In terms of appearance, cruisers often have a classic and retro-inspired design. They feature elements like large fuel tanks, swept-back fenders, and chrome accents. One of the defining features of cruisers is their distinctive V-twin engines, which provide ample torque for cruising at low speeds and produce a deep, rumbling exhaust note. The Motorcycle Parts & Accessories market for cruisers caters to riders who want to enhance the performance, comfort, and style of their motorcycles. This segment offers a wide range of products, including aftermarket exhaust systems, air filters, seats, saddlebags, windshields, and chrome accessories. These accessories not only improve the overall aesthetics of the motorcycle but also enhance its performance and functionality. Due to the growing popularity of cruisers among motorcycle enthusiasts, the Cruiser segment in the Motorcycle Parts & Accessories market has experienced significant growth. Manufacturers and aftermarket suppliers are continuously innovating and introducing new products to meet the demands of cruiser riders. This allows riders to personalize and customize their motorcycles according to their preferences.

FIGURE 2: MOTORCYCLE PARTS AND ACCESSORIES MARKET, BY Motorcycle Type, 2022 VS 2032 (USD MILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Motorcycle Parts and Accessories Product Type Insights

Based on the Product Type, the Motorcycle Parts and Accessories Market segmentation is (Motorcycle Parts {Body Part, Engine & Engine Parts, Suspension Parts, Battery & battery Parts, Tank, Exhaust, Brakes & Brake Parts, Dashboard, Others}, Motorcycle Accessories {Seat & Seat Covers, Storage, Protective Gears, Handlebars, Frames & fitting, Electrical & Electronics, Backrests, Engine Guard, Windshield, Others). Motorcycle Parts dominated the market in 2022. The motorcycle segment pertains to a distinct group of products and services designed to meet the requirements of motorcycle owners and enthusiasts. This segment encompasses a diverse array of items, including replacement parts, accessories, safety gear, maintenance tools, and performance enhancements for motorcycles. It encompasses both original equipment manufacturer (OEM) products and aftermarket alternatives. The motorcycle segment plays a vital role in the overall market by catering to the increasing global demand for customizing, maintaining, and enhancing motorcycles by riders.

Motorcycle Parts and Accessories End-Users Insights

Based on End-Users, the Motorcycle Parts and Accessories Market segmentation includes OEM, Aftermarket. The Brick & Mortar Stores held the majority share in 2022. Brick & Mortar Stores encompasses physical retail establishments that specialize in selling motorcycle parts and accessories. These stores operate from physical locations, allowing customers to personally explore and buy products. The primary driving force behind the Brick & Mortar Stores segment is the preference of certain customers for a hands-on shopping experience. Many motorcycle enthusiasts appreciate the opportunity to physically inspect and test products before making a purchase.

Motorcycle Parts and Accessories Distribution Channel Insights

Based on Distribution Channel, the Motorcycle Parts and Accessories Market segmentation includes Brick & Mortar Stores, E-commerce Marketplace, Direct-to-Consumer, Online Retailer. The Brick & Mortar Stores held the majority share in 2022. Brick & Mortar Stores encompasses physical retail establishments that specialize in selling motorcycle parts and accessories. These stores operate from physical locations, allowing customers to personally explore and buy products. The primary driving force behind the Brick & Mortar Stores segment is the preference of certain customers for a hands-on shopping experience. Many motorcycle enthusiasts appreciate the opportunity to physically inspect and test products before making a purchase.

Motorcycle Parts and Accessories Sales Channel Insights

Based on Sales Channel, the Motorcycle Parts and Accessories Market segmentation includes OEM and Aftermarket. The OEM segment encompasses manufacturers directly associated with motorcycle brands, responsible for producing and supplying parts and accessories. These manufacturers specialize in creating components that are meticulously designed and engineered to meet the precise specifications set by the original motorcycle manufacturer. The OEM segment plays a pivotal role by guaranteeing the accessibility of authentic, top-notch parts that seamlessly integrate with motorcycles.

Motorcycle Parts and Accessories Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The North America Motorcycle Parts and Accessories market accounted for ~61.2% in 2022. It is expected to exhibit a significant CAGR growth during the study period. The North America motorcycle parts and accessories market has experienced a significant growth in demand for electric motorcycles. This shift can be due to various factors driving the adoption of electric motorcycles in North America. Concerns about sustainability as well as a focus on reducing carbon emissions have led the consumer to explore cleaner transportation alternatives. Electric motorcycles offer eco-friendly options with zero carbon emissions. Moreover, the advancement in battery technology has increased the range, making electric motorcycles viable for long rides. The appeal of quieter operations and instant torque also contributes to the growing popularity of electric motorcycles. Key players as well as aftermarket suppliers have responded to the increasing demand by expanding their portfolio of electric motorcycle parts and accessories. This includes components such as charging infrastructure, high performance batteries, as well as specialized riding gear for customized electric motorcycle users.

Europe motorcycle parts and accessories market has experienced a major growth in demand for electric motorcycles. This is attributed to a combination of factors including strict emissions norms, innovation in electric vehicle technology, and heightened environmental awareness. As European countries focus on sustainability as well as reducing carbon emissions, consumers are shifting their preference to electric motorcycles as an environmentally friendly as well as efficient mode of transportation. This has led to a rise in demand for electric motorcycle parts and accessories, which include special batteries, performance improvement, and charging solutions components. Moreover, the region has witnessed an increasing popularity of made-to-order motorcycles. Moreover, the region has witnessed an increasing popularity of customized motorcycles.

FIGURE 3: MOTORCYCLE PARTS AND ACCESSORIES MARKET SIZE BY REGION 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, South Korea, and Brazil.

Motorcycle Parts and Accessories Key Market Players & Competitive Insights

The Motorcycle Parts & Accessories market has witnessed significant growth over the forecast period due to rapid Urbanization Coupled with the Urban Traffic Congestion. There are several domestic, regional, and global players operating in the Motorcycle Parts & Accessories market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the Motorcycle Parts & Accessories market who have contributed to the market growth. These include Yamaha Motor Company Ltd, Suzuki Motor Usa, LLC, RevZilla, Triumph Motorcycles, Kawasaki Heavy Industries, Ltd, Harley Davidson, Vega Auto Accessories Ltd, Studds Accessories Ltd, Motorsport Aftermarket Group, Indian Motorcycle International, LLC, Steelbird, YF Protector Co. Ltd, AltRider LLC., Cobra USA Inc., and Rizoma S.r.l.

Among these, Yamaha Motor Company Ltd, Suzuki Motor Usa, LLC, Kawasaki Heavy Industries, Ltd, Harley Davidson . are among the top players in Motorcycle Parts & Accessories market. These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.

Key Companies in the Motorcycle Parts and Accessories market include.

• Yamaha Motor Company Ltd


• Suzuki Motor USA, LLC


• RevZilla


• Triumph Motorcycles


• Kawasaki Heavy Industries, Ltd.


• Harley Davidson


• Vega Auto Accessories Ltd


• Studds Accessories Ltd


• Motorsport Aftermarket Group


• Indian Motorcycle International, LLC


• Steelbird


• YF Protector Co. Ltd


• AltRider LLC.


• Cobra USA Inc.


• Rizoma S.r.l

Motorcycle Parts and Accessories Industry Developments

• In October 2022, The Premium Outlet is meant to provide an engaging consumer experience as part of the 'The Call of the Blue' Campaign. Yamaha's whole line of two-wheelers, clothes, and accessories will be available at the Blue Square location.

Motorcycle Parts and Accessories Market Segmentation

Motorcycle Parts and Accessories Motorcycle Type Outlook

• Bagger


• Cruiser


• Touring


• Others

Motorcycle Parts and Accessories Product Type Outlook

• Motorcycle Parts
  
  
  
  • Body Part
  
  
  • Engine & Engine Parts
  
  
  • Suspension Parts
  
  
  • Battery & battery Parts
  
  
  • Tank
  
  
  • Exhaust
  
  
  • Brakes & Brake Parts
  
  
  • Dashboard
  
  
  • Others
  
  
  
  


• Motorcycle Accessories
  
  
  
  • Seat & Seat Covers
  
  
  • Storage
  
  
  • Protective Gears
  
  
  • Handlebars
  
  
  • Frames & fitting
  
  
  • Electrical & Electronics
  
  
  • Backrests
  
  
  • Engine Guard
  
  
  • Windshield
  
  
  • Others
  
  
  
  

Motorcycle Parts and Accessories Distribution Channel Outlook

• Brick & Mortar Stores


• E-commerce Marketplace


• Direct-to-Consumer


• Online Retailer

Motorcycle Parts and Accessories End-Users Outlook

• OEM


• Aftermarket

Motorcycle Parts and Accessories Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • Denmark
  
  
  • UK
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Indonesia
  
  
  • Australia
  
  
  • Vietnam
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • Saudi Arabia
  
  
  • Qatar
  
  
  • UAE
  
  
  • Rest of Middle East & Africa
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America