Two Wheeler Accessories - Global Strategic Business Report

The global market for Two Wheeler Accessories was valued at USD 12.8 Billion in 2024 and is projected to reach USD 18.2 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Two Wheeler Accessories Market - Key Trends & Drivers Summarized

Why Are Two Wheeler Accessories Important for Riders?

Two wheeler accessories are essential for enhancing the safety, comfort, and functionality of motorcycles and scooters. These accessories range from protective gear like helmets, gloves, and jackets to practical additions such as luggage carriers, phone mounts, and GPS systems. They also include performance-enhancing components like exhaust systems, suspension kits, and lighting upgrades. For riders, accessories are crucial not only for personal safety and convenience but also for customizing their vehicles to meet specific needs and preferences. The increasing focus on road safety and the growing culture of biking as a lifestyle contribute to the rising importance of two wheeler accessories.

What Technological Innovations Are Shaping Two Wheeler Accessories?

Technological advancements have significantly impacted the development and functionality of two wheeler accessories. Innovations in materials science have led to the production of lighter, stronger, and more durable protective gear. Smart helmets equipped with Bluetooth connectivity, built-in cameras, and heads-up displays enhance rider safety and convenience. Advanced suspension systems and performance parts improve ride quality and handling. The integration of GPS and IoT technologies in navigation systems and anti-theft devices offers enhanced security and functionality. Furthermore, advancements in LED and laser lighting provide better visibility and aesthetics, contributing to safer night riding. These innovations are transforming two wheeler accessories into sophisticated and multifunctional components.

Why Is There an Increasing Demand Across Various Markets?

The demand for two wheeler accessories is increasing across various markets due to several factors. In developed markets, the emphasis on safety and performance drives the adoption of advanced protective gear and performance-enhancing accessories. The growing popularity of motorcycle touring and adventure riding boosts the demand for luggage systems, navigation aids, and comfort accessories. In emerging markets, the rising disposable incomes and the increasing use of motorcycles and scooters as primary transportation modes fuel the demand for practical and safety-oriented accessories. Additionally, the trend towards personalization and customization of vehicles enhances the demand for aesthetic and functional accessories. The increasing awareness of road safety and the implementation of stricter safety regulations also drive the market growth.

What Are the Key Growth Drivers in the Two Wheeler Accessories Market?

The growth in the two wheeler accessories market is driven by several factors. The increasing focus on rider safety and the implementation of stringent safety regulations are major drivers. The rising disposable incomes and the growing culture of biking as a lifestyle contribute to market expansion. Technological advancements that enhance the functionality, safety, and aesthetics of accessories also boost demand. The growing popularity of motorcycle touring and adventure riding drives the need for specialized accessories. Additionally, the trend towards customization and personalization of two wheelers encourages the adoption of various aesthetic and performance-enhancing accessories. The expansion of the two wheeler market, particularly in emerging economies, further propels the demand for accessories.

Report Scope

The report analyzes the Two Wheeler Accessories market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Product Type (Protective Gears, Fittings / Lights, Battery, Other Product Types); Two Wheeler Type (Standard Bikes, Mopeds / Scooters, Cruiser / Sports Bikes, Other Two Wheeler Types).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Protective Gears segment, which is expected to reach $10.5 Billion by 2030 with a CAGR of a 6.6%. The Fittings / Lights segment is also set to grow at 6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $3.4 Billion in 2024, and China, forecasted to grow at an impressive 9.7% CAGR to reach $4.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as GIVI Srl, Harley-Davidson, Inc., Hero MotoCorp Ltd., OM Steel Industries, Omax Autos Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Two Wheeler Accessories Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Two Wheeler Accessories Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Two Wheeler Accessories Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 46 major companies featured in this Two Wheeler Accessories market report include:

• GIVI Srl
• Harley-Davidson, Inc.
• Hero MotoCorp Ltd.
• OM Steel Industries
• Omax Autos Ltd.
• Orion Motors India
• Osram Licht AG
• Steelbird Hi-Tech India Ltd. (SBHT)
• Studds Accessories Ltd.
• TVS Motor Co., Ltd.
• Vega Auto Accessories Pvt., Ltd.
• Yamaha Motor Co., Ltd.
• YF Protector Co. Ltd.