The Japanese aftermarket for two-wheeler accessories is predicted to expand by around $1.3 billion between 2022 and 2032, a 7% CAGR during the forecast period! As you can see Thailand leads this growth with Vietnam coming in second place while Indonesia accounts for most of its volume output–nearly 50%.
NEWARK, Del., Oct. 10, 2022 /PRNewswire/ — During the forecast period 2022-2032, the two wheeler accessories aftermarket is expected to grow at a value of 8.6% CAGR, according to Future Market Insights. By the year 2032, the global market for two wheeler accessories is expected to rise up to a market valuation of US$ 41.07 Bn. FMI Logo It’s difficult to imagine life without motorbikes these days, and nearly every household owns at least one. The increased interest in motorcycles and motorbikes has surely created a safe haven for the car sector while also benefiting the two wheeler accessories aftermarket. Since simply owning a bike isn’t enough; they require flawless administration, including the removal of faulty parts, interest in bike frills has developed.
The semi-urban population’s preference for automobiles and technology has altered as their purchasing power has expanded. As a result, there are now more two-wheelers than ever in rural and semi-urban regions of both developed and developing countries. In the next few years, the global market for two-wheeler accessories is predicted to grow steadily. During the projection period, this will have a direct beneficial influence on the worldwide two-wheeler accessories aftermarket.
The availability of two-wheeler accessories on different e-commerce platforms, […]