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The aftermarket for motorcycle full exhaust systems market is projected to grow by 113.98 thousand units with a CAGR of 8.1% during the forecast period 2021 to 2026.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by material (aluminum, titanium, carbon fiber, and stainless steel) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including Akrapovic d.d., Arrow Special Parts S.p.A., Barkers Performance, Bassani Xhaust, BELGROVE Sp. Z o.o., British Customs LLC, Brocks Performance, FMF Racing, Freedom Performance Exhaust, Graves Motorsports, Khrome Werks, M4 Products LLC, RC Components Inc., S&S Cycle, Inc., Speed Products UK Ltd., SuperTrapp Industries Inc., Two Brothers Racing Inc., Vance & Hines, VECCHI SRL, and Yoshimura R&D of America Inc. among others.
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Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The need for enhanced performance, appearance, and sound in motorcycles is notably driving the market growth, although factors such as high cost associated with aftermarket full system fitments may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the aftermarket for motorcycle full exhaust systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Aftermarket for Motorcycle Full Exhaust Systems Market Driver
The need for enhanced performance, appearance, and sound in motorcycles is one of the key drivers fueling the market growth. In the sports motorcycle segment, buyers are increasingly implementing aftermarket exhaust systems as a replacement for stock exhaust systems. The rise in the number of racing enthusiasts is triggering a demand for components that provide a racing feel to on-road motorcycles. Hence, there is a growing demand for aftermarket exhaust systems. These systems provide an aesthetic appeal, better sound, and higher performance over stock exhaust systems, making aftermarket full exhaust fitments an ideal choice for sports motorcycle owners. However, customers who want only aesthetic and sound enhancements usually opt for aftermarket slip-on fitments due to the cost constraints. Such factors will drive market growth during the forecast period.
Key Aftermarket for Motorcycle Full Exhaust Systems Market Trend
The growing popularity of titanium-based exhaust systems for weight reduction is one of the key market trends propelling the market growth. Titanium-based full exhaust systems are in significant demand from premium sports motorcycle riders who are looking to improve the aesthetic appeal and performance of their vehicles. Additionally, the growing preference for premium motorcycles from the Baby Boomer population leads to the increased adoption of premium accessories, such as aftermarket full exhaust systems, as they have a high purchasing power and are ready to spend on luxury products. Hence, prominent vendors are increasingly launching titanium-based full exhaust systems for different motorcycles. Thus, the launch of new titanium-based exhaust systems will drive the market in focus during the forecast period.
Key Aftermarket for Motorcycle Full Exhaust Systems Market Challenge
The high cost associated with aftermarket full system fitment is one of the factors limiting the market growth. High cost is the main barrier to the adoption of aftermarket full exhaust systems among outreach customers, particularly those living in APAC as they are price-sensitive. Hence, full exhaust system suppliers find it challenging to maintain growth in the market. Additionally, the need for air and fuel intake tuning to ensure the efficient operation of full exhaust systems increases their cost. Moreover, an aftermarket fuel injector controller is added to resolve the fuel intake problem. The combination of these two components, along with a full exhaust system, gives the maximum horsepower boost to the motorcycle. Hence, suppliers will find it difficult to reduce the price of these components while maintaining their quality at the same time.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global aftermarket for motorcycle full exhaust systems market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying growth strategies such as price, quality, technology, brand identity, and distribution to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the aftermarket for motorcycle full exhaust systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for aftermarket for motorcycle full exhaust systems in North America. Market growth in this region will be slower than the growth of the market in APAC.
The rise in the number of older motorcyclists will facilitate the market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
Manufacturers of motorcycle full exhaust systems in North America were negatively impacted, owing to the COVID-19 pandemic in 2020. However, adopting a digital strategy will positively impact the sales of new motorcycles, which, in turn, will drive the demand for aftermarket for motorcycle full exhaust systems in the region in the coming years.
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The market share growth in the aluminum segment will be significant during the forecast period. The demand for aluminum-based full exhaust systems in the aftermarket from price-sensitive customers is expected to increase steadily. Besides, the high-volume consumption of aluminum full exhaust systems will allow the aluminum segment to maintain the dominant position in the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
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Aftermarket for Motorcycle Full Exhaust Systems Market Scope |
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Report Coverage |
Details |
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Page number |
133 |
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Base year |
2021 |
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forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.1% |
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Market growth 2022-2026 |
113.98 th units |
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Market structure |
Fragmented |
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YoY growth (%) |
6.9 |
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Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 42% |
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Key consumer countries |
US, China, France, Italy, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Akrapovic d.d., Arrow Special Parts S.p.A., Barkers Performance, Bassani Xhaust, BELGROVE Sp. Z o.o., British Customs LLC, Brocks Performance, FMF Racing, Freedom Performance Exhaust, Graves Motorsports, Khrome Werks, M4 Products LLC, RC Components Inc., S&S Cycle, Inc., Speed products UK Ltd., SuperTrapp Industries Inc., Two Brothers Racing Inc., Vance & Hines, VECCHI SRL, and Yoshimura R&D of America Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Material
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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