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The aftermarket motorcycle full exhaust systems market size is forecast to increase by USD 1.79 billion, at a CAGR of 8.46% between 2023 and 2028. The accelerated growth of the market is due to various factors, including the need for enhanced performance, appearance, and sound in motorcycles, the growth in supersport motorcycles and the growth in the touring motorcycle sector.
The report offers extensive research analysis on the Aftermarket Motorcycle Full Exhaust Systems Market, with a categorization based on Material, including aluminum, titanium, carbon fiber, and stainless steel. It further segments the market by Application, encompassing general displacement motorcycle and high displacement motorcycle. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the aftermarket motorcycle full exhaust systems market growth is the need for enhanced performance, appearance, and sound in motorcycles. There is an increasing aftermarket exhaust systems as a replacement for stock exhaust systems in the sports motorcycle segment. In addition, the increase in the number of racing enthusiasts is triggering a demand for components that provide a racing feel to on-road motorcycles. Thus, there is a growing demand for aftermarket exhaust systems.
Moreover, customers who want only aesthetic and sound enhancements usually opt for aftermarket slip-on fitments due to cost constraints. In addition, most super sport motorcycle owners prefer full exhaust systems for their motorcycles. Furthermore, the development of carbon fiber and titanium-based full exhaust systems provides a significant aesthetic appeal to motorcycles in addition to weight reduction. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the aftermarket motorcycle full exhaust systems market growth is the development of lightweight plug-and-play slip-on exhaust system. Aftermarket exhaust systems have mainly two prime barriers, namely cost and installation. In addition, the development of slip-ons with the help of varied materials, such as aluminum, stainless steel, carbon fiber, and titanium, allows customers to choose among slip-ons based on their budget, which reduces the cost barrier to an extent.
Moreover, the second barrier pushes suppliers to develop systems that are easier to install. This is considered a positive trend for the aftermarket. In addition, Akrapovic d.d. is a prominent player in titanium-based slip-ons that offer the benefits of weight reduction and high performance. Hence, such factors are driving the market growth during the forecast period.
High costs associated with aftermarket full system fitment are one of the key challenges hindering the aftermarket motorcycle full exhaust systems market growth. High cost is a significant barrier to the adoption of aftermarket full exhaust systems among outreach customers, especially for those in APAC, since they are price-sensitive. Therefore, full exhaust system suppliers find it challenging to maintain growth in the market.
Moreover, the demand for aftermarket motorcycle full exhaust systems in APAC is expected to witness an uptick during the forecast period owing to strong sales of premium sports motorcycles. In addition, this makes it difficult for suppliers to push their products if they keep the pricing in the current range. As a result, this will affect the future sustainability of the aftermarket as mature markets, such as Europe, are witnessing a slow adoption of these systems due to economic pressure. Hence, such factors are hindering the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Aftermarket Motorcycle Full Exhaust Systems Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Akrapovic d.d: The company offers aftermarket motorcycle full exhaust systems such as BMW F 700 GS 2017.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The aluminum segment is estimated to witness significant growth during the forecast period. The demand for aluminum-based full exhaust systems segment is expected to increase steadily due to the benefits of the low cost and durability of the material. In addition, Aluminum is not a heavy metal and is not the lightest, but it is still durable compared to other metals.
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The aluminum segment was the largest segment and was valued at USD 1.34 billion in 2018. Moreover, this makes it an ideal fitment for most bikes and riders. It is also less expensive than titanium and carbon fiber. In addition, this enables price-sensitive customers to purchase aftermarket full exhaust systems at a lower price. Furthermore, aluminum is mostly used in the sleeve and endcap parts of a slip-on, whereas stainless steel is used for the internal parts. In addition, in terms of weight, aluminum allows OEMs to reduce the weight by about 50% compared to steel, making it an ideal material for high-performance vehicles. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Demography plays a major role in the growing adoption of supersport motorcycles in North America compared to other regions. In addition, older motorcycle riders dominate the supersport motorcycle market in the region. Moreover, the average age of riders is 50 years, and about 40% of motorcyclists in the region fall in the age group of 51-65 years. In addition, this demographic drives the adoption of sport and touring motorcycles in the region. Therefore, as the full exhaust system is a crucial component for improving the performance, sound, and style of motorcycles, its demand is increasing in the region. Hence, such factors are driving the market growth in North America during the forecast period.
The aftermarket motorcycle full exhaust systems market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Aftermarket Motorcycle Full Exhaust Systems Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.46% |
Market Growth 2024-2028 |
USD 1.79 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.28 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key countries |
US, China, France, Italy, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akrapovic d.d., Arrow Special Parts S p A, Barkers Performance, BELGROVE Sp. Z o.o., British Customs LLC, Brocks Performance, FMF Racing Inc., Freedom Performance Exhaust, Graves Motorsports, Hardcore Cycles Inc., Khrome Werks, M4 Products LLC, RC Components Inc., S and S Cycle Inc., Speed products UK Ltd., SuperTrapp Industries Inc., Two Brothers Racing Inc., Vance and Hines, VECCHI SRL, and Yoshimura R and D of America Inc. |
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. |
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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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