ACCESS Newswire
26 Feb 2021, 19:19 GMT+10
Manufacturers focus in developing the updated features for the motorcycle gears and helmets to offer high expansion for the industry.
ROCKVILLE, MD / ACCESSWIRE / February 26, 2021 / Fact.MR's Motorcycle Accessories market report forecasts a positive outlook through 2021. Leisure activities like bike racing and stunts among Indian youth to create a hype for the product. Increased improvement in product features like helmets integrated with Bluetooth capability increased the popularity among the consumers.
China being the epicentre for the motorcycle accessories market, the stringent rules from the government because of increased pollution to hamper the growth. Low cost, energy efficiency, and no license registration are some of the factors that are impacting positively on the market.
Helmets and the batteries are on the top among the accessories, being the most popular among the youth due to the safety and aesthetic they provide. Protective gears to be the most popular component through 2021 and beyond.
'Rising demand for premium motorcycles is compelling prominent motorcycle accessories manufacturers to introduce state-of-the art and high-quality accessories, complete with advanced automation, thereby uplifting expansion prospects for the market in the long run,' says a Fact.MR analyst.
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Key Takeaways
Motorcycle Accessories Market- Prominent Drivers
Motorcycle Accessories Market- Key Restraint
Discover more about the Motorcycle Accessories Market with 155 figures and 170 number of pages, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/1057/motorcycle-accessories-market
Competitive Landscape
Some prominent key players profiled by Fact.MR includes TVS Motor Company, Yamaha Motor Company Ltd., Hero Motocorp Ltd., Harley-Davidson Inc., Vega Auto Accessories Pvt. Ltd., Omax Auto Ltd., OM Steel Industries, AGV Sports Group and Steelbird Hi-Tech India Pvt. Ltd among others.
New innovations and product offerings from the key players are generating the revenue for the motorcycle accessories. For instance, in October 2020, Hero MotoCorp launched a new variant of its 125-cc bike Glamour with new features like USB charger attached to the handlebar.
Additionally, new mergers between key players are paving their way for a sustainable growth. Like, in February 2021, Hero MotoCorp set up a new vertical dedicated to drive its new business of Harley-Davidson products and accessories distribution in India.
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More Valuable Insights on Motorcycle accessories market
Fact.MR, in its new offering, presents a comprehensive analysis of the global motorcycle accessories market. The study divulges essential insights on the motorcycle accessories market on the basis of the product type (handle accessories, handle bars and grips), electrical and electronics (lighting and horns), frames and fitting (crash protection, windshield, foot pegs), protective gears, helmets, professional body wears, bags & carriage frames, exhaust systems, seat covers, security systems), two wheeler type (conventional, cruiser, sports and off-road), distribution channel (specialized outlets, independent outlets, online), and across six major regions.
Key Questions Covered in the Report
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Explore Fact.MR's Coverage on the Automotive Domain
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About Fact.MR
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