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Motorcycle Seat Market to Reach $76 Billion, Globally, by 2032 at 6.9% CAGR: Allied Market Research
- https://www.alliedmarketresearch.com/request-sample/10447
Rise in demand for two-wheeler due to traffic congestion, and increase in investment by manufacturers in motorcycle industry for superior performance & comfort drive the growth of the global motorcycle seat market. However, volatility in the prices of raw material and downshift in the sales & production of automobiles restricts the market growth. Moreover, incorporation of cutting-edge technology in motorcycles along with emerging markets across Asia-Pacific and LAMEA offers untapped growth potential in the motorcycle seat market.
Based on seat type, the split seat segment held the highest market share in 2022, accounting more than half of the global motorcycle seat market revenue, and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 7.6% from 2023 to 2032, owing to the increase in demand for two-wheeler due to traffic congestion.
- https://www.alliedmarketresearch.com/purchase-enquiry/10447
Based on material type, the leather seat segment held the highest market share in 2022, accounting for nearly one third of the global motorcycle seat market, however vinyl segment is estimated to lead the market segment during the forecast period. The strength and durability are a major factor that propels the growth of leather seats. However, vinyl seat segment is projected to manifest the highest CAGR of 8.0% from 2023 to 2032. The vinyl seat market is expected to rise owing to its resistive ability to wear and tear and the vinyl seat can withstand various elements, making it suitable for motorcycle riding in any condition such as rain, and sunlight.
Based on motorcycle type, the standard motorcycle segment accounted for the largest share in 2022, contributing to nearly two-fifths of the global motorcycle seat market revenue. The primary factors that drive standard motorcycle seat segment growth are its ergonomic design and rise in demand for these motorcycles. However, the sports motorcycle segment is expected to portray the largest CAGR of 8.5% from 2023 to 2032. Increase in popularity of sports motorcycle events such as Moto GP and availability of the road-based version motorcycle is expected to boost the growth of the segment.
Based on sales channel, the OEM segment accounted for the largest share in 2022, contributing to more than four-fifths of the global motorcycle seat market revenue, owing to the ability of the OEM to produce seats which fits the manufacturers requirement. However, aftermarket sales channel is expected to portray the largest CAGR of 8.9% from 2023 to 2032. The customization option from the aftermarket sales channel is expected to augment the segmental growth in the motorcycle seat market.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than one third of the global motorcycle seat market revenue, and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 8.1% from 2023 to 2032, owing to increase in demand for two-wheeler due to traffic congestion and the emergence of the two-wheeler market in the region.
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- https://www.alliedmarketresearch.com/motorcycle-seat-market/purchase-options
The report provides a detailed analysis of these key players in the global motorcycle seat market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant position in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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