Although two wheeler fenders are not essential for the basic functioning of a vehicle, they continue to be an important aftermarket safety accessory. The two wheeler fenders market is growing at a healthy pace with leading market players introducing innovative designs and materials to manufacture two wheeler fenders.
However, rising costs of raw materials used to manufacture two wheeler fenders is making a negative impact on the salient strategies of market players in the two wheeler fenders market. Nevertheless, leading stakeholders in the two wheeler fenders market are investing in emerging markets, such as India and China, to leverage lower labor costs to maintain competitive prices of two wheeler fenders.
Increasing growth of the automotive aftermarket industry is expected to make a significant impact on the development of the two wheeler fenders market in the upcoming years. Aftermarket is likely to remain the leading sales channel for two wheeler fenders, as fenders are a popular aftermarket accessory that a majority of automotive service centers are making available for consumers.
Two wheeler fenders manufacturers are targeting market players in the automotive aftermarket to enhance their sales profitably. Furthermore, ever-growing automotive industry coupled with rising sales of two wheeler vehicles in China and India is generating numerous lucrative opportunities for stakeholders in the two wheeler fenders market.
Two wheeler fenders are small tyre covering frames attached to the main chassis or to the suspension of a two wheeler. Their purpose is to prevent the spattering of dirt and grime picked up by the tyres during motion as well as to protect the tyres from external damage.
Two wheeler fenders manufactured in the current scenario serve an aesthetic purpose with eye pleasing designs and finishing in addition to their primary function as tyre protectors. Additionally, manufacturers tend to use lightweight materials that are sturdy to produce two wheeler fenders in order to reduce the overall weight of two wheelers.
Two wheeler fenders are highly customizable in nature, prompting the end users to replace them occasionally, opening up ample market opportunities in the aftermarket segment. With burgeoning two wheeler sales witnessed in the Asia Pacific region, the market for two wheeler fenders is expected to grow on a steady note in the coming years.
The market for two wheeler fenders thrives on the demand for two wheelers. The popularity of two wheelers has been especially high in markets where the middle class working population is in abundance. Hence, two wheelers can be found in large numbers in the Asia Pacific region, Latin America and in some parts of the European region.
Advantages, such as low cost, affordability, practicality and low maintenance, among others are associated with two wheelers and make them the most popular mode of transport among the low to middle class wage earners. Retailers are currently leveraging on growing e-commerce platforms to reach out to customers, which can help in improving the growth of the two wheeler fenders market.
One of key challenges associated with the two wheeler fender market is the availability of sub-standard and counterfeit products. Since two wheeler fenders can be easily manufactured with less capital investment, low quality products labelled with low selling prices are gaining foothold in the market, which is diminishing the market share of genuine products.
Additionally, the fragmented supply chain in both urban and rural localities can affect the sales of the market from the perspective of the aftermarket segment, thereby denting the growth of the market during the forecast period.
The popularity and demand of two wheelers across various economies is varies vastly in the present market scenario. Asia Pacific leads both, the production and sales of two wheelers, due to affordability and presence of large sections of the middle class population.
It can be said that more than 90% of the demand for two wheelers comes from Asia Pacific alone, singling out India, China and ASEAN economies to be the most fruitful for the sales of two wheelers, leading to a higher demand for two wheeler fenders.
The market in North America and Europe for two wheelers is miniscule when it comes to two wheelers for daily use, though large engine capacity motorcycles are gaining popularity in the North American region and the sales of non-geared scooters in the European region has increased since a couple of years.
This slight increase in sales numbers is expected to impact the two wheeler fenders market in the coming years. A few prominent manufacturers of two wheelers from India have successfully ventured into the Latin America region, due to the improving market conditions and presence of growing middle class diaspora, which is biding well for the two wheeler fender market.
Examples of some of the market participants involved in the manufacturing of two wheeler fenders are:
Majority of the players associated with the manufacture of two wheeler fenders belong to the unorganized market with many small scale manufacturers from the Chinese and Indian economies contributing a lion’s share.
The research report presents a comprehensive assessment of the 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 market segments such as geographies, application, and industry.
The 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 report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The two wheeler fenders market can be segmented as follows:
By two wheeler type, the market can be segmented as:
By material type, the market can be segmented as:
By type, the market can be segmented as:
By sales channel, the market can be segmented as:
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Two Wheeler Fenders Market
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