The demand in the global racing motor bike seat unit market is anticipated to expand at a CAGR of around 4% to 5% during the forecast period 2022-2032. Growing customer spending on comfort for bike riding and surging trend of recreational bike racing activities is creating lucrative opportunities for growth in the racing motor bike seat unit market.
| Report Attribute | Details |
| Racing Motor Bike Seat Unit Market Projected Growth Rate (2022-2032) | 4% to 5% CAGR |
Racing bikes are motorbikes that have optimized acceleration, high speed, and enhanced braking systems and are capable of performing on rough roads in comparison to other normal bikes. These bikes have high-performance engines and brakes along with sophisticated suspension systems. As the name suggests, racing motor bike seat units are high-performance, extra comfortable seats deployed in the racing bikes for better cushion and riding experience.
Due to the deepening trend of long riding and racing activities across the automotive industry, a significant rise in sales of racing and sports bikes is being registered worldwide, resulting in bolstering the demand for associated components.
For instance, according to the Insurance Institute for Highway Safety, around 431,773 sports bikes and 540,414 super sports bikes were reported to be sold across the U.S. in the year 2021. As racing motor bike seat units are extensively used in aforementioned bikes for better comfort, accelerating sales of racing bikes is anticipated to augment the demand in the global market.
In addition to this, rising emphasis on introducing new racing bike seats with innovative features such as easy adjustability, temperature control, and others is expected to favor the growth in the racing motor bike seat units market.
Increasing shift in consumer preference towards cars for traveling, due to growing concerns regarding safety and rising motorcycle accidents due to overspeeding is dampening the sales of racing bikes, which is in turn, hindering the demand for racing motor bike seat units.
Also, growing emphasis on declining the weight of the bikes due to the implementation of stringent emission norms is discouraging the bike manufacturers to adopt racing motor bike seat units, due to their heavyweight. This is further restraining the growth in the global market.
Future Market Insights states that North America is forecast to exhibit robust growth in the global racing motor bike seat units market between 2022 and 2032.
There is a swift rise number of bike racing events and biking fests across North America such as Daytona Bike Week, Sturgis Motorcycle Rally, Motorcycle Grand Prix (MotoGP), Bama Bike Fest, and many others.
Furthermore, due to the increasing recreational activities related to sports bikes and growing trends of adopting superbikes among the millennials, there is robust growth in sales of racing bikes across the countries such as the U.S. and Canada. This is projected to drive the demand for racing motor bike seat units in the North America market.
As per FMI, Western Europe is anticipated to emerge as a highly remunerative market for racing motor bike seat units during the forecast period 2022-2032.
Leading bike manufacturers are increasingly emphasizing on introducing novel sports and racing bikes with innovative features to capitalize on the trend of growing bike racing activities. For instance, in 2021, BMW, a German multinational corporate manufacturer of motorcycles and luxury vehicles announced introducing two new sports bikes, BMW R 1250 GS and BMW R 1250 GS Adventure, with advanced features such as heated seats, dynamic brake assistance, electronically-adjustable suspension, and others.
This rise in new sportbike launches with novel high-performance seats is projected to bolster the sales of racing motor bike seat units in the Western Europe market.
Some of the leading players in the racing motor bike seat unit market are LePera Enterprises, Raceseats, Saddlemen, ROLAND SANDS DESIGN, INC., Corbin-Pacific Inc, Mustang Seats, XPC Racing, Triple K Upholstery, Renazco Racing Dual Sport Seats, and others.
Attributed to increasing novel high performance products launches and collaboration, acquisitions, and merger between key industry players, the market for racing motor bike seat unit is highly competitive.
| Report Attribute | Details |
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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FMI projects the demand in the global racing motor bike seat unit market to expand at a value CAGR of 4% to 5% between 2022 and 2032.
The North America is expected to account for significant share in the global racing motor bike seat unit market over the assessment period.
LePera Enterprises, Raceseats, Saddlemen, ROLAND SANDS DESIGN, INC., Corbin-Pacific Inc, Mustang Seats, XPC Racing, Triple K Upholstery, Renazco Racing Dual Sport Seats, and others are some prominent players in the global racing motor bike seat unit market.
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Racing Motor Bike Seat Unit Market
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