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Global Motorcycle Gear market will reach 2940 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2018/10/09

In motorcycling, riders wear specialized clothing, safety gear, and miscellaneous equipment. Typically, motorcycle riding gear serves more than one purpose, including crash and weather protection, increased visibility, style or identification, stowing cargo, and accommodating communications devices.

Motorcycle has proven to be a very popular transportation motor vehicle among the middle class consumers especially in the developing regions such as Asia Pacific. In 2017, the motorcycle market increased by 4%, ending the downward trend since 2012. Thanks to the development of motorcycle industry, in 2017, the global motorcycle gear market is about 2.87 billion USD, with actual sales of 87.82 million units.

In the last several years, India motorcycle market enjoyed the fastest growth rate, becoming the largest market in 2015. On the same time, India motorcycle gear especially for Helmet market enjoyed a fast growing in the past several years. Today, China, India and Southeast Asia have been the largest 3 suppliers of motorcycle gear; represent more than 73% market in 2017.

As the motorcycle market focus transferring to the developing regions like India and Southeast Asia, the market share of entrance door products is larger and larger. The average price of motorcycle gear is in decreasing trend from 34.7 USD/Unit in 2013 to 32.6 USD/Unit in 2017.

The global Motorcycle Gear market is valued at 2870 million US$ in 2017 and will reach 2940 million US$ by the end of 2025, growing at a CAGR of 0.3% during 2018-2025.

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