LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global motorcycle rider accessories market to post a CAGR of more than 5% from 2018-2022, according to their latest market research report.
The growing development of HUD in motorcycle helmets is a key trend that is expected to impact the growth of the global motorcycle rider accessories market. The global motorcycle industry is witnessing the development of advanced technologies, most of which fall under the motorcycle advanced driver assistance systems (ADAS). For instance, NUVIZ is a fully integrated helmet technology that displays multiple information that can be customized as per need. The complete device is compatible with Android and iOS devices. This trend is likely to promote market growth during the forecast period.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio researchers identify the high number of on-road collisions involving motorcyclists as one of the key factors contributing to the growth of the global motorcycle rider accessories market:
Global motorcycle rider accessories market: High number of on-road collisions involving motorcyclists
Reducing the number of on-road collisions is one of the most important challenges for global automakers and government organizations. Off all the on-road collisions, motorcyclists are the most vulnerable. Such concerning statistics on global road safety have fueled the demand for rider accessories such as helmets. Governments across the world have mandated the use of helmets for motorcyclists and pillion riders.
According to a senior analyst at Technavio for automotive research, “The availability of rider accessories can reduce the instances of injury. Motorcycle rider accessories such as protective jackets, vests, gloves, and boots are experiencing high demand from motorcyclists. Motorcyclists are increasingly becoming aware of the uses and benefits of protective gear and accessories which is driving the growth of the market.”
Global motorcycle rider accessories market: Segmentation and analysis
This market research report segments the global motorcycle rider accessories market by product type (helmets, jackets/vests, gloves and others), and key regions (the Americas, APAC, and EMEA).
The helmet segment accounted for the largest share of the market in 2017, owing to helmets being the conventional safety gear mandated by government regulations. The market share of this segment is expected to witness a further increase of more than 2% during the forecast period.
In 2017, APAC dominated the market with a market share of close to 80% and the region is expected to witness a significant increase of more than 3% over the forecast period. APAC was followed by the Americas and EMEA respectively. These two regions are expected to see a decline in their market shares by 2022.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
