Two-wheeler aftermarket components & consumables market will grow substantially between 2025 and 2035 because of rising demand for personalization of the vehicle, tuning for performance, and maintenance. The market size will be USD 33,781 million in 2025 and USD 69,234 million in 2035 at a compound annual growth rate (CAGR) of 7.4% during 2025 to 2035.
Some key drivers are there for the market. Their biggest driver is the two-wheeler population in the emerging world that is growing very rapidly and generates a demand for two-wheeler spare parts and consumables. Customization of motorbikes also continues to soar, especially in urban areas where motorcyclists want custom styling and performance enhancement.
The Two-Wheeler Aftermarket Components & Consumables Market is experiencing significant growth as motorcycle enthusiasts and daily commuters seek to enhance the performance, aesthetics, and longevity of their vehicles. This market encompasses a wide range of products, including engine components, suspension systems, lighting, and consumables, catering to the diverse needs of riders worldwide.
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Key Takeaways
The market is witnessing a shift towards customization and personalization, with riders increasingly opting for aftermarket components to tailor their motorcycles to individual preferences. Additionally, the rise in motorcycle ownership and the growing trend of DIY maintenance are contributing to the expansion of the aftermarket sector. The market is also being influenced by advancements in technology, leading to the development of high-performance and durable components.
Key Drivers
Several factors are driving the growth of the Two-Wheeler Aftermarket Components & Consumables Market. The increasing number of motorcycle sales, particularly in emerging economies, is expanding the customer base for aftermarket products. Additionally, the rising disposable income and changing lifestyles are encouraging consumers to invest in motorcycle upgrades and accessories. Moreover, the availability of online platforms and e-commerce channels is making it easier for consumers to access a wide range of aftermarket products.
Growth Opportunity
The market presents significant growth opportunities, especially in regions with a high density of motorcycle users. The growing popularity of electric motorcycles is also opening new avenues for aftermarket components tailored to electric vehicles. Furthermore, the increasing adoption of digital platforms for purchasing aftermarket products is expected to drive market growth, providing consumers with greater convenience and access to a broader product range.
Key Applications
Aftermarket components and consumables are utilized in various applications, including performance enhancement, aesthetic customization, and routine maintenance. Riders seek to improve engine performance, handling, and comfort through upgraded components. Additionally, aesthetic modifications, such as custom lighting and body kits, are popular among enthusiasts looking to personalize their motorcycles. Routine maintenance products, including oils, filters, and brake pads, are essential for ensuring the longevity and safety of the vehicle.
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Key Players
Leading companies in the Two-Wheeler Aftermarket Components & Consumables Market include:
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ZF Friedrichshafen AG
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Bajaj Auto
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Gabriel India Limited
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Showa Corporation
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KYB Corporation
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TVS Motor Company
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Foshan Xinmatuo Motorcycle Parts Industrial Company
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Hero Motocorp Ltd.
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Yamaha Motor Company Ltd.
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Hella KGaA Hueck & Co.
Key Segmentation
The market is segmented based on various factors:
By Two-Wheeler Type:
- Standard Motorcycles
- Cruiser Motorcycles
- Sports Motorcycles
- Others
By Product Type:
- Components
- Consumables
By Sales Channel:
- Authorized Dealers
- Independent Dealers
- Online
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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