The Reports and Insights, a leading market research company, has recently releases report titled “Two-Wheeler Aftermarket Components Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Two-Wheeler Aftermarket Components Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Two-Wheeler Aftermarket Components market?

The two-wheeler aftermarket components market size reached US$ 25.6 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 40.06 billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.

What are Two-Wheeler Aftermarket Components?

Aftermarket components for two-wheelers are parts and accessories that are not produced by the original equipment manufacturer (OEM) but are designed to be compatible with a variety of two-wheeler models. These components, including items like tires, brakes, exhaust systems, lights, and body parts, are often selected by vehicle owners to customize or enhance their two-wheelers, improve performance, or replace worn-out parts. They provide a range of choices in terms of quality, price, and features, meeting the varied needs and preferences of two-wheeler enthusiasts.

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What are the growth prospects and trends in the Two-Wheeler Aftermarket Components industry?

The two-wheeler aftermarket components market growth is driven by various factors and trends. The market for aftermarket components in the two-wheeler industry is vibrant, fueled by the desire for customization, performance enhancement, and part replacement in motorcycles and scooters. This market offers a wide array of products including tires, brakes, exhaust systems, lights, and body parts, meeting the diverse demands of two-wheeler enthusiasts. Factors such as the growing popularity of motorcycling for leisure, increasing disposable incomes, and the availability of various aftermarket options are driving market growth. Furthermore, the emergence of online retail platforms has increased consumer access to these components, further stimulating market expansion. Hence, all these factors contribute to two-wheeler aftermarket components market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Two-Wheeler Type

  • Standard Motorcycle
  • Cruiser Motorcycle
  • Sports Motorcycle
  • Standard Scooter
  • Maxi Scooter
  • Mopeds

By Product Type

  • Components
  • Consumables

By Sales Channel

  • Authorized Dealers
  • Independent Dealers
  • Online

By Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East
  • Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

·       ZF Friedrichshafen AG

·       Bajaj Auto

·       Gabriel India Limited

·       Showa Corporation

·       KYB Corporation

·       TVS Motor Company

·       Foshan Xinmatuo Motorcycle Parts Industrial Company

·       Hero Motocorp Ltd.

·       Yamaha Motor Company Ltd.

·       Hella KGaA Hueck & Co

·       OSRAM Licht AG

·       BMW Group

·       BITUBO S.r.l.

 

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