Two Wheeler Accessories Aftermarket Competitor Analysis, Winning Strategies and Growth Drivers 2031
As per Future Market Insights analysis, the two wheeler accessories aftermarket is projected to be valued at US$ 17.1 Bn in 2021, expanding at a CAGR of 8.6% over the forecast period of 2021-2031. Competitive Landscape The two wheeler accessories aftermarket is moderately fragmented, in which the leading players account for nearly half of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are TVS Motor Company , Yamaha Motor Company Ltd, Hero Motocorp Ltd, Harley- Davidson Inc, Vega Auto Accessories Pvt. Ltd, Studds Accessories Ltd, Om Steel Industries, Osram Licht AG, AGV Sports Group, GIVI Srl, Steelbird Hi- Tech India Pvt. Ltd, YF Protector Co. Ltd, Foshan Xinmatuo Motorcycle Parts Industrial Company, Akrapovic d.d, Aplinestars USA Inc, AltRider LLC, Barracudamoto S.r.l, Cobra USA Inc., EMGO International Ltd., Jiangmen Pengchang Helmets Ltd., Motorsport Aftermarket Group, RIVCO Products Inc., Rizoma S.r.l, Scorpion Sports Inc. among others. These players have higher shares in the global market, and have longstanding relationships with a number of distributors, giving them an upper hand among their peers.