Two Wheeler Aftermarket Components Market: Introduction
With motorcycles and scooters emerging as favorable means of transport, the average miles driven per vehicle has also increased over time. With increase in average miles driven, the probability of parts getting wear and tear gets increased. This in turn fuel the demand for two wheeler aftermarket components. There are few performance parts used to add impressive performance characteristics to a two wheeler. These parts are mandatory, and not necessarily the ones used in super-modified bikes. Some of the performance parts increase fuel efficiency of vehicles, such as spark plugs, filters, engine oil, coolant and exhaust components.
Owing to increasing two wheeler sales and vehicle fleet, the demand for Two Wheeler Aftermarket Components is anticipated to witness substantial growth across the globe. This in turn is estimated to contribute to the growing market for Two Wheeler Aftermarket Components in the near future.
Two Wheeler Aftermarket Components Market: Dynamics
Various countries in Asia Pacific and Europe region, such as India, China, France and Italy, have in recent times witnessed heavy traffic congestion owing to the large number of automobiles and present on road. Augmented traffic congestion has also substantially increased the commute time, which is a prominent concern for the working class population. The governments of various countries in the region have adopted various solutions to handle this situation, such as limiting maximum driving speed. One effective solution to the problem of growing traffic congestion could be the adoption of small-size and compact two-wheelers. Thus the increasing sales of two wheelers in the global will in turn boost the growth of Two Wheeler Aftermarket Components Market.
As customers are becoming more quality and efficiency conscious, spending on maintenance of vehicles is increasing. Higher rate of vehicle ownership among younger age groups that prefer preventive maintenance over repairs, will positively impact the Two Wheeler Aftermarket Components market during the forecast period.
The increasing demand of electric two wheelers, owing to rising concern towards environment safety among the population as well as government initiative towards electro-mobility is among the key factors impacting the growth of Two Wheeler Aftermarket Components market negatively. Though the ratio of electric two wheelers and conventional two wheelers is quite smaller in present situation, it is expected to grow with remarkable rate in the near future. Upcoming government schemes, affordability, easy financing options, vehicle economic benefits, environment safety are some prominent factors adding to the growth of electric two wheelers all across the globe.
Two Wheeler Aftermarket Components Market: Regional Outlook
Surge in motorcycle exports, increased acceptance of the brand, focus on youth segment, and policy support in Asia Pacific is a primary reason for the strong growth outlook for the global motorcycle sales. China, India, Indonesia, Brazil, and Vietnam are the prominent countries for the global motorcycle market and subsequently the two wheeler aftermarket components. A substantial number of two-wheeler manufacturers in the world have enjoyed tenacious success, both in the domestic and international markets. Japanese, Indian, and Chinese manufacturers are among the most familiar brands across the globe and recognition for their products have fueled a significant increase in their respective market share, and subsequently leading to a significant growth of the global Two Wheeler Aftermarket Components market
Two Wheeler Aftermarket Components Market: Key Participants
Examples of some of the market participants identified across the value chain of the global Two Wheeler Aftermarket Components market include:
- Holley Performance Products
- Exide Technologies
- Advance Auto Parts
- Harley Davidson
- Bajaj Auto
- Gabriel India Limited
- ZF Friedrichshafen AG
- Showa Corporation
- KYB Corporation
- Tenneco, Inc.
- Hella KGaA Hueck & Co
The research report presents a comprehensive assessment of the Two Wheeler Aftermarket Component Market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Two Wheeler Aftermarket Component Market segments such as geographies, valve type, and vehicle type.
The report covers exhaustive analysis on:
- Two Wheeler Aftermarket Component Market Segments
- Two Wheeler Aftermarket Component Market Dynamics
- Two Wheeler Aftermarket Component Market Size
- Two Wheeler Aftermarket Component Supply & Demand
- Two Wheeler Aftermarket Component Current Trends/Issues/Challenges
- Two Wheeler Aftermarket Component Competition & Companies involved
- Two Wheeler Aftermarket Component Technology
- Two Wheeler Aftermarket Component Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Russia)
- South Asia (India, Indonesia, Thailand)
- East Asia (China, Japan, South Korea,)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The global Two Wheeler Aftermarket Component Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global Two Wheeler Aftermarket Component Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global Two Wheeler Aftermarket Component Market report also maps the qualitative impact of various market factors on market segments and geographies.
Two Wheeler Aftermarket Components Market: Segment
Two Wheeler Aftermarket Components Market can be segmented into various types such as by two wheeler type, by distribution channel and by component
On the basis of Two Wheeler Type, the global Two Wheeler Aftermarket Components market has been segmented as:
On the basis of Distribution Channel, the global Two Wheeler Aftermarket Components market has been segmented as:
- Authorized Dealers
- Independent Dealers
On the basis of component, the global Two Wheeler Aftermarket Components market has been segmented as:
- Fuel Injection System
- Brakes and Components
- Drivetrain and Components
- Ignition System
- Suspension System
- Engine and Exhaust Components
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.