The global market for two-wheeler crash guards is anticipated to reach US$ 326.9 Million in 2022 and continue to grow at a CAGR of 4.1% from 2022 to 2032, according to research by Future Market Insights. By the end of 2022, the top 3 countries are predicted to hold 28.6% of the market due to increased awareness of safe driving.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 326.9 Million |
| Market Size 2032 | US$ 488.7 Million |
| Value CAGR (2022 to 2032) | 4.1% |
| Collective Value Share: Top 3 Countries (2022E) | 28.6% |
The global Two Wheeler Crash Guard market forms around 2 to 4% of the global Two-wheeler accessories market worth US$ 7.4 Billion in 2021.
According to the FMI analysis, the Two Wheeler Crash Guard market reached over US$ 310.8 Million in 2021. The global Two Wheeler Crash Guard market is anticipated to register a CAGR of 4.1% from 2022 to 2032.
A type of accessory called a two-wheeler crash guard is used to shield the two-wheeler’s parts and other sections from impact when it is stopped or moving slowly. Due to an increase in overall traffic fatalities and increased public awareness of road safety, it is projected that demand for two-wheeler crash guards will increase across all regions. Because more end users are choosing personal commuter vehicles over public transportation, the market for two-wheeler crash protectors is expected to expand. According to a recent projection by FMI analysis, the market for two-wheeler crash guards is expected to develop between 2022 and 2032, with a potential growth opportunity of US$ 161.7 million.
As a result of urbanization and population increase, governments at the regional and federal levels are encouraging public and private investment in the development of road infrastructure in order to support economic growth in rural areas. Due to activities involving road traffic as well as the expanding e-commerce industry, the two-wheeler crash guard market is anticipated to expand.
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The global Two Wheeler Crash Guard market has registered a CAGR of 3.5% during the historic period with a market value of US$ 310.8 Million in 2021.
In the future decade, there is expected to be an increase in demand for two-wheeler crash guards due to rising concerns about the safety of two-wheeler riders on the roads. Over the past five years, two-wheeler manufacture has gained speed around the world. Over the following ten years, it is anticipated that this trend of increasing two-wheeler output would continue. The need for two-wheeler crash guards is anticipated to increase because of the positive prognosis for global two-wheeled production.
The market for two-wheeler crash guards is expected to benefit from the rising trend toward greater two-wheeler customization. Due to the two-wheeler crash guard's long lifespan and high cost, the aftermarket for these products dominates the global market. Road safety is important for all vehicle users, but two-wheelers account for a disproportionately large portion of fatalities on the roads.
Due to a surge in motorcycle, moped, and scooter riders in metropolitan centers, two-wheeled traffic is rapidly growing. The covid epidemic has affected the travel and tourism sector, increasing demand for domestic travel in a number of countries. Tourists are riding motorcycles more frequently as a result of rising levels of traffic congestion and road trip tourism. It is anticipated that domestic adventure tourism will drive the market for motorcycle rentals in a number of tourist destinations. Increased road trip tourism is anticipated to further increase two-wheeler crash guard market sales.
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The region's road infrastructure is continually changing as a result of increased funding for highway construction. Due to the growth of metropolitan areas and the increasing need for personal transportation, numerous public and private investments are being undertaken. The number of vehicles on the road has increased as a result of rising disposable income and improving economic conditions in nations like India, Thailand, and Indonesia. In addition, the popularity of renting motorcycles is growing as urban traffic congestion levels rise. The need for two-wheeler crash guards is being driven by an increase in traffic fatalities and accidents across many regions. South Asia Pacific is estimated to hold around 28% of the global two-wheeler crash guards market share in 2021.
Due to rising consumer demand for comfortable travel, India is seeing an increase in demand for multimodal transportation systems. The government is focusing on improving road transportation performance by increasing investment in road infrastructure and maintenance activities. Two-wheeler crash guards help riders perform better, offer comfort, and boost safety, all of which are projected to lead to a growth in demand for motorcycle accessories like two-wheeler crash guards.
The major competitors in the market for two-wheeled crash guards are concentrating on Research and Development initiatives by enhancing rider comfort and vehicle design dynamics. The major players are also implementing joint venture and collaboration strategies to expand their visibility and assets.
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| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.1% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume (Units), and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Two Wheeler Type, By Product Type, By Materials Type, By Sales Channel, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, South Africa, Northern Africa |
| Key Companies Profiled | Altrider; Zana International Pvt Ltd.; Aadit Industries; Quality Metal Industries; Ag Star Automobiles; Hogworkz; Lincoln Industries; Kuryakyn - Motorsport Aftermarket Group; Cobra USA. Inc.; Lemans Corporation; Outback Motortek; Speedx; Givi Spa; Nova Auto Industries |
| Customization & Pricing | Available upon Request |
In 2021, the value of the global Two Wheeler Crash Guard market reached over US$ 310.8 Million.
During the forecast period, the global Two Wheeler Crash Guard market is estimated to expand at a CAGR of 4.1% from 2022 to 2032.
The global Two Wheeler Crash Guard market is projected to reach US$ 488.7 Million by the end of 2032.
Improved awareness about safe riding and increasing traffic congestion across several regions to boost the market for Two wheeler crash guards.
The key players operating in the Two Wheeler Crash Guard market are Altrider, Zana International Pvt Ltd., Aadit Industries., Hogworkz, and Lincoln Industries.
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Two Wheeler Crash Guard Market
