Motorcycle Airbag Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

Motorcycle Airbag Market

Motorcycle Airbag Market By Components (airbag, airbag module, crash sensor, inflator, and airbag ECU), By Fabric type (nylon and polyester), By Coating type (silicon-coated, neoprene-coated, and non-coated), By Channel (original equipment manufacturer (OEM) and aftermarket) And By Region: - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2024-2032

Category: Automotive Report Format : PDF Report Code: ZMR-6933 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 Growth Rate (in %) Base Year
USD 392.5 Million USD 940.8 Million CAGR at 10.20% 2023

Description

According to the report published by Zion Market Research, the global Motorcycle Airbag Market size was valued at USD 392.5 Million in 2023 and is predicted to reach USD 940.8 Million by the end of 2032. The market is expected to grow with a CAGR of 10.20% during the forecast period. The report analyzes the global Motorcycle Airbag Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Motorcycle Airbag Market industry.

Global Motorcycle Airbag Market: Overview

The global motorcycle airbag market is expected to expand at a CAGR of 19.4% during the forecast period. Motorcycles are regarded among the most susceptible modes of transportation when compared to other vehicles such as passenger cars, lorries, and buses. These machines are frequently used with high-performance motors, resulting in an unsteady weight-to-torque ratio. Because of these reasons, motorcycles are the most underpowered vehicles on the road, posing a greater risk to riders. Because bike riders do not have the protection of an enclosed vehicle in the event of a collision or accident, their risks of being injured or even killed are significantly increased.

Global Motorcycle Airbag Market: Growth Factors

The global motorcycle airbag market is bolstering at an exponential rate. Major factors that are driving the market growth include growing public awareness of safety and increased demand for the implementation of safety systems in automobiles. The number of motorcycle accidents is increasing in developed as well as developing economies. According to NHTSA, around 80% of reported motorcycle accidents end in injury or death. Also as per Motorcycle Safety Foundation, motorcycles are involved in 90 percent of traffic accidents, compared to only 33 percent of automotive accidents. Thus, to avoid accidents and minimize the mortality as well as injury rate, the government has issued safety measures in most countries.

Also, manufacturers of motorcycles are heavily investing in the installation of airbags to the vehicles. All such factors are contributing to the growth of the global motorcycle airbag market. In addition to this, airbag systems that can deploy in an instant are even more important for riders pushing outrageously strong motorcycles to their limits—at extraordinarily high speeds on race tracks. This in turn is further fueling the growth of the market. Further, the development of new products and patent filings for the same by the major players is boosting the motorcycle airbag market.

Moreover, huge investments in the development of innovative airbags systems for motorcycles may have tremendous opportunities for the growth of the global motorcycle airbag market during the forecast period. However, less demand for motorcycle airbags in low and middle-income countries may impede the growth of the global motorcycle airbag market.

In November 2021, to improve rider safety, the Piaggio Group has teamed up with Autoliv, a producer of automotive safety systems, to create an airbag for powered two-wheelers such as motorcycles and scooters.

The COVID-19 pandemic severely hit the global motorcycle airbag market. Factors such as the reduced sale of motorcycles owing to budget constraints, cut on R&D spending by many motorcycle airbag manufacturers, disruption in the global supply chain, and unavailability of raw materials from Asian countries hampered the market growth during the pandemic.

Global Motorcycle Airbag Market: Segmentation

The global motorcycle airbag market is categorized into components, fabric type, coating type, channel, and region. Based on components, the market is bifurcated into airbag, airbag module, crash sensor, inflator, and airbag ECU. The fabric type segment of the market is split into nylon and polyester. By coating type, the market is segmented as silicon-coated, neoprene-coated, and non-coated. By channel, the global market is categorized into original equipment manufacturer (OEM) and aftermarket.

Motorcycle Airbag Market : Report Scope

Report Attributes Report Details
Report Name Motorcycle Airbag Market Research Report
Market Size in 2023 USD 392.5 Million
Market Forecast in 2032 USD 940.8 Million
Growth Rate CAGR of 10.20%
Number of Pages 196
Key Companies Covered Honda Motor Co., Ltd., ZF Friedrichshafen AG, DENSO Corporation, Joyson Safety Systems, Autoliv, Continental AG, Robert Bosch GmbH, and Toyoda Gosei Corporation
Segments Covered By Components, By Fabric type, By Coating type, By Channel and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Motorcycle Airbag Market: Regional Analysis

Europe is expected to remain the leading region for the global motorcycle airbag market followed by North America. This is primarily due to well awareness regarding safety systems. Besides customers in Europe and North America have high spending and purchasing power that equally supports the sale of motorcycle airbags in these regions. The Asia Pacific is expected to offer better growth opportunities for the expansion of the market over the forecast period. Countries such as India and China have the highest number of motorcycles. Also, major players in the industry are increasing their investments in safety systems which will support the market growth to a greater extent.

Global Motorcycle Airbag Market: Competitive Players

Major market players operating in the global motorcycle airbag market include:

  • Honda Motor Co., Ltd.
  • ZF Friedrichshafen AG
  • DENSO Corporation
  • Joyson Safety Systems
  • Autoliv
  • Continental AG
  • Robert Bosch GmbH
  • Toyoda Gosei Corporation.

The Global Motorcycle Airbag Market is segmented as follows:

By Components 

  • airbag 
  • airbag module
  • crash sensor 
  • inflator 
  • airbag ECU 

By Fabric type 

  • nylon 
  • polyester 

By Coating type 

By Channel 

  • original equipment manufacturer (OEM)
  • aftermarket 

Global Motorcycle Airbag Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global motorcycle airbag market is bolstering at an exponential rate. Major factors that are driving the market growth include growing public awareness of safety and increased demand for the implementation of safety systems in automobiles. Further, the development of new products and patent filings for the same by the major players is boosting the motorcycle airbag market. Moreover, huge investments in the development of innovative airbags systems for motorcycles may have tremendous opportunities for the growth of the global motorcycle airbags market during the forecast period.

Major market players operating in the global motorcycle airbag market include Honda Motor Co., Ltd., ZF Friedrichshafen AG, DENSO Corporation, Joyson Safety Systems, Autoliv, Continental AG, Robert Bosch GmbH, and Toyoda Gosei Corporation.

Europe is expected to remain the largest market for motorcycle airbags followed by North America. This is primarily due to well awareness regarding safety systems. Besides customers in Europe and North America have high spending and purchasing power that equally supports the sale of motorcycle airbags in these regions.

 

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