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Global Two Wheeler Accessories Market Report 2020-2027: Amid the COVID-19 Crisis, the Market is Projected to Reach a Revised $13.2 Billion

Research and Markets
·4-min read

Dublin, Oct. 21, 2020 (GLOBE NEWSWIRE) -- The "Two Wheeler Accessories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Two Wheeler Accessories Market to Reach US$13.2 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Two Wheeler Accessories estimated at US$9.5 Billion in the year 2020, is projected to reach a revised size of US$13.2 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027.

Protective Gears, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$7.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fittings/Lights segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 20% share of the global Two Wheeler Accessories market.

The U. S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 7.6% CAGR for the Period of 2020-2027

The Two Wheeler Accessories market in the U. S. is estimated at US$2.7 Billion in the year 2020. The country currently accounts for a 28.94% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.3 Billion in the year 2027 trailing a CAGR of 7.6% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach US$2.3 Billion by the year 2027.

Battery Segment Corners a 17.9% Share in 2020

In the global Battery segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • GIVI Srl

  • Harley-Davidson, Inc.

  • Hero MotoCorp Ltd.

  • OM Steel Industries

  • Omax Autos Ltd.

  • Orion Motors India

  • Osram Licht AG

  • Steelbird Hi-Tech India Ltd. (SBHT)

  • Studds Accessories Ltd.

  • TVS Motor Co., Ltd.

  • Vega Auto Accessories Pvt., Ltd.

  • Yamaha Motor Co., Ltd.

  • YF Protector Co. Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession

  • Global Competitor Market Shares

  • Two Wheeler Accessories Competitor Market Share Scenario Worldwide (in %): 2020E

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2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures

  • US Two Wheeler Accessories Market Share (in %) by Company: 2020 & 2027

  • Market Analytics

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures

  • European Two Wheeler Accessories Market: Competitor Market Share Scenario (in %) for 2020 & 2027

  • Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

  • Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/8k61c5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900