Motorcycle Aftermarket Industry by Vehicle Types Size, Share, 2032

The worldwide power sports aftermarket market was estimated to be worth USD 11.00 billion in 2023 and is expected to grow to USD 20.67 billion by the end of 2032, per a report released by Zion Market Research. Over the course of the forecast period, the market is anticipated to expand at a CAGR of 7.3%. The growth factors, barriers, and effects on demand of the worldwide power sports aftermarket market are examined in this study for the period of forecasting. Additionally, it will assist in navigating and investigating the emerging opportunities in the Power Sports Aftermarket sector.

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Introductio

Overview of Power Sports Aftermarket Industry
Market Overview

Abstract

The power sports aftermarket by vehicles encompasses parts, accessories, and services that enhance the performance and aesthetics of motorized vehicles used in recreational sports. This research article explores the key trends, market drivers, challenges, and growth opportunities within this segment. With an increasing demand for vehicle customization and enhanced performance, the market for aftermarket products across motorcycles, all-terrain vehicles (ATVs), snowmobiles, and other off-road vehicles continues to expand.

Overview of the Global Power Sports Aftermarket

The main purpose of aftermarket power sports spare parts is to provide as more affordable substitutes for OEM and OES parts. Customers have more options because these spare parts typically available in a wide range of quality and price points. Put differently, replacement parts utilized in auto repairs are referred to as aftermarket parts. The original equipment manufacturers do not produce them. Reputable suppliers like Brembo, Mann, MINDA, and Bosch provide excellent quality, great productivity, and lower prices for the best outcomes.

Growth Factors for the Global Power Sports Aftermarket

Growing amounts of money are being invested in the development of theme parks, terrains, and trails for better off-road infrastructure as a result of the popularity of outdoor leisure activities. One of the main factors propelling the worldwide power sports aftermarket has been the growing demand for all-terrain vehicles (ATVs) for recreational, sports, and leisure purposes.

Additionally contributing to the growth of the market is the increasing number of auto body shops that have been showing a desire to use these parts in auto repairs. The market’s growth rate has also been aided by the leading industry players, including Honda Powersports, collaborating with internet platforms and adopting online marketing methods more frequently. The global power sports aftermarket is seeing increased demand as a result of the automobile industry’s significant advancements.

The demand for motorcycles, dirt bikes, go-karts, off-road buggies, and ATVs has been met by the e-commerce sector as a result of the increased emphasis on the customer experience. Faster delivery and significant product discounts have been provided by a number of e-commerce behemoths, guaranteeing the worldwide power sports aftermarket’s quick growth in the years to come.

The market’s expansion may be hampered by the demand for OEM-made components and accessories. However, the relatively lower costs of the aftermarket components will guarantee that the demand for power sports aftermarket products worldwide remains high by 2026, as importers of motorcycle parts and spares have been providing excellent quality at competitive prices.

Segmenting the Global Power Sports Aftermarket

Vehicles, sales channels, and geographical areas can all be used to distinguish the worldwide power sports aftermarket. Side-by-side vehicles, all-terrain vehicles, heavyweight motorcycles, snowmobiles, and personal watercrafts are the different categories into which the worldwide power sports aftermarket has been divided. The section of side-by-side vehicles has been further subdivided into engine systems, driveline and transmission components, electronics, brake systems, and frame body parts.

Electronics, brake systems, frame and body components, engine systems, and driveline and transmission components are sub-segments of the all-terrain vehicle market. Electronics, brake systems, frame and body components, engine systems, and driveline and transmission components are the categories used to classify heavyweight bikes. Snowmobiles can be further divided into driveline and transmission components, electronics, engine systems, frame body sections, and brake systems. The components of personal watercrafts have been separated into driveline and transmission parts, electronics, brake systems, engine systems, and frame body sections. The global power sports aftermarket is divided into online and offline segments according on the sales channel.

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Report Scope: Power Sports Aftermarket Market

Regional Analysis of the Global Power Sports Aftermarket

Due to the increasing number of sporting events in the region, North America is expected to generate significant revenue in the years to come. Some of the factors propelling the growth of the global power sports aftermarket from this segment include the presence of many industry leaders, high disposable consumer incomes, the availability of appropriate infrastructure facilities, and the growing deployment of advanced technologies across the automobile industry.

Over the course of the projection years, Europe is also anticipated to experience considerable demand. The rising number of traffic accidents, which has been driving up demand for auto repairs, is responsible for the segment’s expansion. Additionally, growth has been aided by the growing number of approved aftermarket brands that provide dependable and safe parts.

The increasing demand for motorbikes and other vehicles made by top powersports brands like Honda Powersports is expected to fuel the growth of the power sports aftermarket in Asia Pacific over the course of the projected period. These businesses have been launching new car models, which has increased demand for components and spares in the worldwide power sports aftermarket.