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The motorcycle exhaust system market size is estimated to grow at a CAGR of 3.32% between 2022 and 2027. The market size is forecast to increase by USD 612.61 million. The growth of the market depends on several factors including the growing demand for better sound, appearance, and performance, the easy installation process of slip-on exhaust systems and Increasing adoption of sports motorcycles and the increasing adoption of sports motorcycles.
This motorcycle exhaust system market report extensively covers market segmentation by application (OEMs and aftermarket), type (single exhaust system and dual exhaust system) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 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.
Growing demand for better sound, appearance, and performance is a major factor notably driving market growth. The preference for aftermarket exhaust systems among sports motorcycle owners is on the rise as a replacement for stock exhausts. The increasing number of racing enthusiasts in the market has created a demand for components that can enhance the performance of on-road motorcycles, leading to a higher demand for aftermarket exhaust systems.
These aftermarket systems offer several advantages over stock exhausts, including improved aesthetic appeal, better sound quality, and enhanced performance. These benefits make aftermarket fitment a popular choice among sports motorcycle owners. For those primarily interested in aesthetic appeal and sound improvement, aftermarket slip-on fitment is preferred due to cost considerations. As a result, a majority of sports motorcycle owners are opting for aftermarket exhaust systems. The installation of aftermarket exhaust systems significantly enhances the performance of motorcycles, providing a notable increase of about 15% in horsepower. Moreover, the system produces a sound that particularly appeals to racing enthusiasts. The introduction of carbon fibre-based and titanium-based aftermarket full-system exhausts further adds to the aesthetic appeal of motorcycles while reducing their overall weight. Given these factors, the demand for exhaust systems is expected to grow, driving the overall growth of the global motorcycle exhaust system market during the forecast period.
The growing popularity of titanium-based exhaust systems is an emerging trend shaping market growth. The adoption of titanium-based exhaust systems is on the rise due to their favourable characteristics. Titanium stands out as the lightest material used in manufacturing exhaust systems, offering a unique and appealing look to motorcycles. As a result, these exhaust systems are considered high-performance options.
However, the incorporation of titanium results in a significant reduction in the weight of the exhaust systems, leading to improved overall motorcycle performance. Consequently, there is a notable increase in demand for titanium-based exhaust systems among premium sport motorcycle riders who seek to enhance both the aesthetic appeal and performance of their motorcycles. The preference for premium motorcycles has been growing among baby boomers, who possess high purchasing power. This trend creates a favourable market environment for premium accessories, including aftermarket exhaust systems. Recognizing the increasing demand, prominent vendors are continuously introducing titanium-based exhaust systems designed for various motorcycle original equipment manufacturers (OEMs). Akrapovic, a well-known vendor, offers a range of titanium-based exhaust systems that cater to major motorcycle variants of sport OEMs. Considering these factors, the surging demand for titanium-based exhaust systems is expected to drive the growth of the market in focus during the forecast period.
Regulations on noise emissions from motorcycles are a significant challenge hindering market growth. Noise emission caused by motorcycle exhaust systems is a notable concern in the industry. The increasing number of racing enthusiasts worldwide is a key driver for the growing demand for super sports motorcycles. These riders often opt for aftermarket components like full system exhausts or slip-on exhausts to enhance performance and achieve a more appealing sound.
However, the popularity of these aftermarket exhaust systems has caught the attention of local and state regulations aimed at controlling excessive motorcycle noise. These regulations encompass equipment requirements, testing procedures, and sound limits to ensure sound emissions are within acceptable levels. Many aftermarket motorcycle exhaust systems are designed and marketed to comply with off-highway sound standards, which significantly impacts the global motorcycle exhaust market. Despite this, a considerable number of riders still prefer off-highway exhaust systems for street motorcycles, leading to unnecessary noise emissions. The existence of such regulations on motorcycle noise limits poses a challenge for the market and is likely to hinder its 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 Motorcycle Exhaust System 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 motorcycle exhaust systems such as Slip on Line, Racing line, and Evolution line.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 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 OEMs segment will account for a major share of the market's growth during the forecast period. In 2022, the OEMs (Original Equipment Manufacturers) segment held the largest share of the global motorcycle exhaust system market, and it is projected to maintain its dominance during the forecast period. The OEMs segment plays a critical role in driving the overall market, as the increasing adoption of motorcycles for daily commuting and long-distance travel is fueling the demand for exhaust systems worldwide.
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The OEMs segment was valued at USD 2,629.24 million in 2017 and continued to grow until 2021. The exhaust system plays a crucial role in ensuring the safety of motorcycles by directing hot gases from the engine after combustion and converting harmful emissions through the catalytic converter, contributing to environmental protection. As a standard fitment on all internal combustion engine (ICE)-based motorcycles, its adoption is directly linked to the sales of new motorcycles worldwide. While low-cost motorcycles typically opt for stainless steel exhaust systems, there is less emphasis on performance among these users. The OEMs segment, although witnessing fewer developments compared to the aftermarket, will maintain its dominant position due to the continuous demand for new motorcycles. Moreover, sport motorcycle OEMs are expected to offer performance exhaust systems from the factory or as optional fitments in response to strong demand from racing enthusiast customers. These factors will drive the growth of the OEM segment in the global motorcycle exhaust system market during the forecast period.
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APAC is estimated to contribute 84% 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. APAC held the largest share of the global motorcycle exhaust system market in 2022 and is expected to maintain this leading position throughout the forecast period. The region is anticipated to witness rapid growth in the motorcycle exhaust system market. Among the APAC countries, India stands out as a significant contributor, representing the largest market for motorcycle exhaust systems. The increasing adoption of heavyweight motorcycles, driven by the high-net-worth individual (HNWI) population, is a key factor contributing to the revenue growth in this market. Prominent OEMs are actively promoting their products and conducting roadshows and campaigns, particularly in major emerging economies like China. APAC serves as a crucial offshore location for automotive manufacturing, attracting investments due to government incentives, cost-effectiveness, and the availability of raw materials. Over the last decade, the region has seen substantial investments in automotive manufacturing and research and development facilities, especially in countries like China, South Korea, India, Vietnam, and Thailand. The presence of global OEMs in emerging markets such as India, China, and Indonesia is further driving the market's expansion. This growth is supported by stable demand in mature markets, attractive domestic consumption, low labour costs, increased mining activities, and infrastructure investments across the APAC region.
The outbreak of COVID-19 in 2020, negatively impacted the market. Countries like China and India were particularly affected during this time, leading to a decline in the demand for motorcycles and related components, including exhaust systems. However, with the implementation of large-scale COVID-19 vaccination drives in the region in 2021, the pandemic was gradually brought under control. As a result, by the end of 2022, there was a notable increase in the demand for motorcycles as personal transportation gained prominence in the aftermath of the COVID-19 crisis. This rebound in motorcycle demand further contributed to the growth of the motorcycle exhaust market in APAC. Additionally, emerging markets like Bangladesh have shown an increasing demand for motorcycles, which is driving the need for motorcycle exhaust systems in the country. In India, the demand for premium motorcycles is also on the rise, driven by factors such as rising disposable income and evolving lifestyles. These favourable conditions are expected to fuel the growth of the regional motorcycle exhaust market during the forecast period.
The motorcycle exhaust system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Motorcycle Exhaust System Market Scope |
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Report Coverage |
Details |
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Page number |
154 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.32% |
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Market growth 2023-2027 |
USD 612.61 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.02 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 84% |
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Key countries |
US, India, China, Indonesia, and Vietnam |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Akrapovic d.d., Arrow Special Parts S p A, Bassani Manufacturing, Bos Exhaust GmbH, British Customs LLC, Car Sound Exhaust System Inc., Cobra Engineering Inc., FMF Racing Inc., Graves Motorsports, Llexeter Ltd., M4 Products LLC, MIVV SpA, REMUS Innovation GmbH, SAKURA KOGYO Co. Ltd., Sankei Giken Kogyo Co. Ltd., Toro Exhausts, Two Brothers Racing Inc., Vance and Hines, Voodoo Industries, and Yoshimura R and 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, 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. |
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 Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 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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