Global Motorcycle Parts Market Size, Share, Growth Report 2032

Market Research Store has published a report on the global motorcycle parts market, estimating its value at USD 3.61 Billion in 2024, with projections indicating it will reach USD 5.37 Billion by the end of 2032. The market is expected to expand at a compound annual growth rate (CAGR) of around 5.07% over the forecast period. The report examines the factors driving market growth, the obstacles that could hinder this expansion, and the opportunities that may emerge in the motorcycle parts industry. Additionally, it offers a detailed analysis of how these elements will affect demand dynamics and market performance throughout the forecast period.

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Motorcycle Parts Market: Overview

The growth of the motorcycle parts market is fueled by rising global demand across various industries and applications. The report highlights lucrative opportunities, analyzing cost structures, key segments, emerging trends, regional dynamics, and advancements by leading players to provide comprehensive market insights. The motorcycle parts market report offers a detailed industry analysis from 2024 to 2032, combining quantitative and qualitative insights. It examines key factors such as pricing, market penetration, GDP impact, industry dynamics, major players, consumer behavior, and socio-economic conditions. Structured into multiple sections, the report provides a comprehensive perspective on the market from all angles.

Key sections of the motorcycle parts market report include market segments, outlook, competitive landscape, and company profiles. Market Segments offer in-depth details based on Product Type, Sales Channel, Vehicle Type, and other relevant classifications to support strategic marketing initiatives. Market Outlook thoroughly analyzes market trends, growth drivers, restraints, opportunities, challenges, Porter’s Five Forces framework, macroeconomic factors, value chain analysis, and pricing trends shaping the market now and in the future. The Competitive Landscape and Company Profiles section highlights major players, their strategies, and market positioning to guide investment and business decisions. The report also identifies innovation trends, new business opportunities, and investment prospects for the forecast period.

Key Highlights:

• As per the analysis shared by our research analyst, the global motorcycle parts market is estimated to grow annually at a CAGR of around 5.07% over the forecast period (2025-2032).
• In terms of revenue, the global motorcycle parts market size was valued at around USD 3.61 Billion in 2024 and is projected to reach USD 5.37 Billion by 2032.
• The market is projected to grow at a significant rate due to increasing motorcycle sales, a growing trend of vehicle customization, and the rising demand for efficient and affordable personal transportation, especially in rapidly urbanizing emerging economies.
• Based on the Product Type, the Engine Parts segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• On the basis of Sales Channel, the OEM segment is anticipated to command the largest market share.
• In terms of Vehicle Type, the Standard segment is projected to lead the global market.
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period.

Motorcycle Parts Market: Report Scope

This report thoroughly analyzes the motorcycle parts market, exploring its historical trends, current state, and future projections. The market estimates presented result from a robust research methodology, incorporating primary research, secondary sources, and expert opinions. These estimates are influenced by the prevailing market dynamics as well as key economic, social, and political factors. Furthermore, the report considers the impact of regulations, government expenditures, and advancements in research and development on the market. Both positive and negative shifts are evaluated to ensure a comprehensive and accurate market outlook.

Motorcycle Parts Market: Dynamics

Key Growth Drivers:

The motorcycle parts market is experiencing robust growth, primarily driven by the increasing global demand for two-wheelers as a cost-effective and efficient mode of transportation, especially in emerging economies. A significant portion of this growth comes from the aftermarket segment, fueled by a rising trend in motorcycle customization and a strong "do-it-yourself" (DIY) culture among enthusiasts who seek to personalize their bikes for enhanced aesthetics and performance. The aging motorcycle fleet in developed regions also creates a consistent demand for replacement parts due to wear and tear. Furthermore, technological advancements in motorcycle manufacturing, such as the integration of advanced braking systems, electronic fuel injection, and enhanced suspension systems, drive demand for modern, high-tech components.

Restraints:

Despite the strong growth drivers, the motorcycle parts market faces several significant restraints. A key challenge is the prevalence of counterfeit and substandard products, which not only undermine the brand reputation of genuine manufacturers but also pose a significant safety risk to riders. The market is also highly susceptible to supply chain disruptions, which can be caused by global events, geopolitical tensions, or logistical issues, leading to stock shortages and delayed deliveries. Additionally, the increasing shift towards electric motorcycles, while offering opportunities, can also act as a restraint on the traditional internal combustion engine (ICE) parts market, as EV components are fundamentally different and require a new manufacturing and distribution ecosystem.

Opportunities:

The motorcycle parts market is presented with significant opportunities, largely centered on the global shift toward sustainability and digital innovation. The growing adoption of electric motorcycles creates a new and expanding market for specialized parts, including batteries, charging systems, and electric motor components. The rise of e-commerce platforms is a major opportunity, as they provide a convenient and accessible channel for consumers to purchase parts from a wide range of suppliers, compare prices, and access a greater variety of products. Furthermore, the increasing focus on rider safety is creating a demand for advanced protective gear and accessories, such as smart helmets with integrated AR displays and airbags, presenting a high-value growth area for market participants.

Challenges:

The market is confronted with several challenges that require strategic solutions. A key challenge is the intense competition from a fragmented marketplace, which includes original equipment manufacturers (OEMs), aftermarket producers, and a multitude of small-scale vendors. This intense rivalry often leads to price wars and can erode profit margins. The complexity of product standardization and the need for manufacturers to ensure their parts are compatible with a wide range of motorcycle models is a significant hurdle. Finally, navigating the complex and evolving regulatory landscape, particularly with regard to environmental and safety standards for both ICE and electric vehicles, is a persistent challenge for market participants who need to ensure compliance to operate in different regions.

Motorcycle Parts Market: Segmentation Insights

The global motorcycle parts market is segmented based on Product Type, Sales Channel, Vehicle Type, and Region. All the segments of the motorcycle parts market have been analyzed based on present & future trends and the market is estimated from 2024 to 2032.

Based on Product Type, the global motorcycle parts market is divided into Engine Parts, Frame and Fittings, Electrical and Electronics, Wheels and Tires, Transmission Parts, Others.

On the basis of Sales Channel, the global motorcycle parts market is bifurcated into OEM, Aftermarket.

In terms of Vehicle Type, the global motorcycle parts market is categorized into Standard, Sports, Touring, Cruiser, Adventure, Off-Road, and Others.

Motorcycle Parts Market: Regional Insights

The global motorcycle parts market is overwhelmingly dominated by the Asia-Pacific (APAC) region, which held a commanding revenue share of approximately 65% in 2023. This unparalleled dominance is driven by the region's massive two-wheeler ownership base, particularly in countries like India, China, Indonesia, and Vietnam, where motorcycles are a primary mode of transportation.

High volumes of vehicle usage, frequent maintenance needs, and a robust ecosystem of local and international parts manufacturers create sustained demand for both OEM and aftermarket components. While North America and Europe are significant markets for high-performance and luxury motorcycle parts, their volumes are dwarfed by APAC's scale. The region's cost-competitive manufacturing, dense distribution networks, and strong cultural reliance on motorcycles solidify its position as the dominant consumer and producer of motorcycle parts globally.

Motorcycle Parts Market: Competitive Landscape

The motorcycle parts market report offers a thorough analysis of both established and emerging players within the market. It includes a detailed list of key companies, categorized based on the types of products they offer and other relevant factors. The report also highlights the market entry year for each player, providing further context for the research analysis.

The "Global Motorcycle Parts Market" study offers valuable insights, focusing on the global market landscape, with an emphasis on major industry players such as;

• Honda Motor Co. Ltd.
• Yamaha Motor Co. Ltd.
• Harley-Davidson Inc.
• Suzuki Motor Corporation
• Kawasaki Heavy Industries Ltd.
• BMW Motorrad
• Ducati Motor Holding S.p.A.
• Triumph Motorcycles Ltd.
• KTM AG
• Bajaj Auto Ltd.
• Hero MotoCorp Ltd.
• Royal Enfield (A Unit of Eicher Motors Limited)
• TVS Motor Company
• Piaggio & C. SpA
• Mahindra Two Wheelers Limited
• Polaris Industries Inc.
• Aprilia (Piaggio Group)
• MV Agusta Motor S.p.A.
• Benelli Q.J.
• Husqvarna Motorcycles GmbH

The Global Motorcycle Parts Market is Segmented as Follows:

By Product Type

• Engine Parts
• Frame and Fittings
• Electrical and Electronics
• Wheels and Tires
• Transmission Parts
• Others

By Sales Channel

• OEM
• Aftermarket

By Vehicle Type

• Standard
• Sports
• Touring
• Cruiser
• Adventure
• Off-Road
• and Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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