Motorcycle Rider Accessories Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The motorcycle rider accessories market share is expected to increase to USD 2.78 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.58%.

This motorcycle rider accessories market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers motorcycle rider accessories market segmentation by product (helmets, apparel, gloves, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The motorcycle rider accessories market report also offers information on several market vendors, including Alpinestars USA Inc., Arai Helmet Europe BV, Bayerische Motoren Werke AG, Caberg Spa, Dainese Spa, FLY Racing, FOX HEAD Inc., Garmin Ltd., Harley Davidson Inc., Leatt Corp., MT HELMETS, Nolangroup Spa, PLANET KNOX Ltd., Schuberth GmbH, SCOTT Sports SA, Sena Technologies Inc., SHOEI Co. Ltd., SULLIVANS Inc., Vista Outdoor Inc., and Shot Race Gear USA among others.

What will the Motorcycle Rider Accessories Market Size be During the Forecast Period?

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Motorcycle Rider Accessories Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing number of road accidents is notably driving the motorcycle rider accessories market growth, although factors such as fluctuations in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the motorcycle rider accessories industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Motorcycle Rider Accessories Market Driver

• The increasing number of road accidents is one of the factors driving the motorcycle rider accessories market growth.
• The increasing number of road accidents is attributable to low-grade road transport infrastructure and the rising number of motorcycles plying on roads. Road accidents often result in several injury-related impairments in riders, which could result in disabilities.
• Road accidents often result in several chronic health complications that can lead to various forms of disabilities. Therefore, the growing awareness among people about the implications of road accidents is making them more conscious and encouraging them to adopt various protective motorbike riding gears.
• Motorcyclists are increasingly adopting various add-on accessories, such as visors and helmet displays, to avoid distractions. This, in turn, will drive market growth during the forecast period.

Key Motorcycle Rider Accessories Market Trend

• The growing popularity of smart helmets is one of the key motorcycle rider accessories market trends fueling the market growth.
• The factors such as advances in smart technology and increasing consumer awareness about the same are driving the demand and preference for smart products globally, which has compelled the manufacturers in the global motorcycle rider accessories market to innovate and introduce smart helmets.
• Although smart helmets are priced slightly higher than regular helmets, the type of features and convenience offered by them are driving their demand.
• The smart helmets consist of several aesthetic features for comfortable wear and easy portability.
• The introduction of smart helmets, coupled with the growing preference for connected devices, is expected to drive the growth of the global motorcycle rider accessories market during the forecast period.

Key Motorcycle Rider Accessories Market Challenge

• Fluctuations in raw material prices is one of the key factors challenging the motorcycle rider accessories market growth.
• The commonly used raw materials in helmets include thermoplastic shells, advanced fiberglass shells, Kevlar and carbon composite shells, and a wide variety of EPS materials, while protective suits are either made of textile or leather.
• The procurement of raw materials includes add-on costs for transportation and other necessary services, supplier constraints, and the inability to maintain favorable supplier arrangements for the adequate and timely delivery of raw materials. 
• Manufacturers incur costs on the supply of raw materials to factories, the supply of intermediary goods to production sites, the transportation of end products to warehouses, and the delivery of finished goods to end-users. Such huge spending by vendors may hamper the market growth during the forecast period.

This motorcycle rider accessories 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.

Parent Market Analysis

Technavio categorizes the global motorcycle rider accessories 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 motorcycle rider accessories market during the forecast period.

Who are the Major Motorcycle Rider Accessories Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Alpinestars USA Inc.
• Arai Helmet Europe BV
• Bayerische Motoren Werke AG
• Caberg Spa
• Dainese Spa
• FLY Racing
• FOX HEAD Inc.
• Garmin Ltd.
• Harley Davidson Inc.
• Leatt Corp.
• MT HELMETS
• Nolangroup Spa
• PLANET KNOX Ltd.
• Schuberth GmbH
• SCOTT Sports SA
• Sena Technologies Inc.
• SHOEI Co. Ltd.
• SULLIVANS Inc.
• Vista Outdoor Inc.
• Shot Race Gear USA

This statistical study of the motorcycle rider accessories market encompasses successful business strategies deployed by the key vendors. The motorcycle rider accessories market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Alpinestars.com - The company offers motorcycle rider accessories such as suits, jackets, pants, gloves, and boots.
• Araihelmet.eu - The company offers motorcycle rider accessories such as helmets and visors.
• Bmwgroup.com - The company offers motorcycle rider accessories such as helmets, suits, jackets, and boots.

To make the most of the opportunities and recover from 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 motorcycle rider accessories 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.

Motorcycle Rider Accessories Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the motorcycle rider accessories 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.

Which are the Key Regions for Motorcycle Rider Accessories Market?

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37% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the motorcycle rider accessories market in APAC. Market growth in this region will be slower than the growth of the market in South America and Europe.

The entry of global OEMs into emerging markets like India, China, and Indonesia will facilitate the motorcycle rider accessories market growth in APAC 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 Impact and Recovery Analysis

In 2020, the COVID-19 pandemic outbreak negatively affected the prominent producers and consumers of motorcycles. However, a large vaccination drive and various government initiatives resulted in the lifting of restrictions on industrial operations and the resumption of manufacturing companies that produced motorcycle rider accessories with strict adherence to safety guidelines to bring business activities back to normalcy. Thus, this is likely to increase the demand in the regional motorcycle rider accessories market during the forecast period.

What are the Revenue-generating Product Segments in the Motorcycle Rider Accessories Market?

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The motorcycle rider accessories market share growth by the helmets segment will be significant during the forecast period. Helmets are the most important product in the global motorcycle rider accessories market and are worn by all types of motorbike riders, including for daily commutes, trips, expeditions, and sporting activities. A comprehensive range of helmets is available in the market, suited for different purposes. These helmets are compliant with varying regional standards, which is driving the growth of the helmets segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the motorcycle rider accessories market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Motorcycle Rider Accessories Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive motorcycle rider accessories market growth during the next five years
• Precise estimation of the motorcycle rider accessories market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the motorcycle rider accessories industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of motorcycle rider accessories market vendors

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