Motorcycle Airbag Market - Global Industry Analysis

Motorcycle Airbag Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Automotive Report Format : PDF Report Code: ZMR-6933 Status : Upcoming

Description

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.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.

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, and Toyoda Gosei Corporation.

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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