Global Motorcycle Exhaust System Market Size, Share, and COVID-19 Impact Analysis, By Application (OEMs, Aftermarket), By Type (Single Exhaust System, Dual Exhaust System), By Sales Channel (Online, Offline), By Vehicle Type (Cruiser, Sport, Touring, Standard, Dirt Bike, Scooter), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
Industry: Automotive & TransportationGlobal Motorcycle Exhaust System Market Insights Forecasts to 2033
- The Global Motorcycle Exhaust System Market Size was Valued at USD 2.65 Billion in 2023
- The Market Size is Growing at a CAGR of 8.20% from 2023 to 2033
- The Worldwide Motorcycle Exhaust System Market Size is Expected to Reach USD 5.83 Billion by 2033
- North America is expected to Grow the fastest during the forecast period
Get more details on this report -
The Global Motorcycle Exhaust System Market Size is Anticipated to Exceed USD 5.83 Billion by 2033, Growing at a CAGR of 8.20% from 2023 to 2033.
Market Overview
The motorcycle exhaust system is a major component that improves the bike's performance, sound, and overall riding experience. From the design of the exhaust pipes to the muffler and tailpipe, every component plays an essential role in defining the sound and improving engine performance. The market's growth depends on different factors, including the increased desire for improved sound, look, and performance, the ease of installation of slip-on exhaust systems, and the increasing acceptance of sports motorcycles. When modifying or upgrading a motorcycle's exhaust system, riders should be aware of the legal rules regulating noise levels and emissions in their location. The major role of the exhaust system is to eliminate combustion byproducts from the engine's operation, guaranteeing the safe expulsion of exhaust gasses away from the rider and passenger while also muffling noise to produce a more enjoyable riding experience. The major role of the exhaust system is to eliminate combustion byproducts from the engine's operation, guaranteeing the safe expulsion of exhaust gasses away from the rider and passenger while also muffling noise to produce a more enjoyable riding experience. One of the primary factors driving the motorcycle exhaust system market growth in the next years is the increasing adoption of titanium-based exhaust systems.
Report Coverage
This research report categorizes the market for the global motorcycle exhaust system market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global motorcycle exhaust system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global motorcycle exhaust system market.
Global Motorcycle Exhaust System Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 2.65 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 8.20% |
2033 Value Projection: | USD 5.83 Billion |
Historical Data for: | 2019 - 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Application, By Type, By Sales Channel, By Vehicle Type, By Region |
Companies covered:: | Arrow Special Parts SpA, Two Brothers Racing Inc., Vance and Hines, Bassani Manufacturing, Llexeter Ltd., M4 Products LLC, MIVV SpA, FMF Racing Inc., Graves Motorsports, SAKURA KOGYO Co. Ltd., Voodoo Industries, Yoshimura R and D of America Inc., Car Sound Exhaust System Inc., Cobra Engineering Inc., Sankei Giken Kogyo Co. Ltd., and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
Get more details on this report -
Driving Factors
The growing number of racing enthusiasts in the market has created a desire for components that can improve the performance of on-road bikes, resulting in increased demand for market exhaust systems. Rising demand for better sound, appearance, and performance is a major factor particularly driving growth of the global motorcycle exhaust market. These aftermarket systems offer various advantages over stock exhausts, including increased appearance, sound quality, and performance. Increasing adoption of the titanium-based exhaust system their favorable characteristics. The development and improvement of the automotive exhaust system is anticipated to increase demand for advanced exhaust systems for automobiles. Concerns about the effects of pollution on people's health and environment are likely to rise, increasing demand for automobiles installed with modern, low-emission exhaust systems. Technological advancements & Stringent emission norms by governments to control air pollution. Growing popularity of adventure sports and tourism. Hence, these factors are significant growth of the global motorcycle exhaust system market during the forecast period.
Restraining Factors
Government subsidies and tax exemption policies are expected to boost the global adoption of electric vehicles, restricting the growth of the motorcycle exhaust systems market in the next few years. People's awareness of the negative effects of automobile emissions on the environment has led to an increase in the demand for electric vehicles. Hence, these factors may hamper the market growth of the global motorcycle exhaust system market during the forecast period.
Market Segmentation
The global motorcycle exhaust system market share is classified into application, type, sales channel, and vehicle type.
- The OEMs segment is expected to hold the largest share of the global motorcycle exhaust system market during the forecast period.
Based on the application, the global motorcycle exhaust system market is divided into OEMs and aftermarket. Among these, the OEMs segment is expected to hold the largest share of the global motorcycle exhaust system market during the forecast period. The segmental growth can be attributed to increasing the acceptance of OEMs of motorcycles for daily travel and long-distance travel boosting the demand for motorcycle exhaust systems market during the forecast period.
- The single exhaust system segment is expected to hold the largest share of the global motorcycle exhaust system market during the forecast period.
Based on the type, the global motorcycle exhaust system market is divided into single exhaust system and dual exhaust system. Among these, the single exhaust system segment is expected to hold the largest share of the global motorcycle exhaust system market during the forecast period. The growth can be attributable to a single exhaust system allowing for a more efficient flow of gasses outside the vehicle than multi-exhaust systems. A single exhaust system consists of connected tubes or pipes that transport exhaust gases away from the engine, reducing valve number and increasing power delivery to wheels.
- The online segment is expected to hold the largest share of the global motorcycle exhaust system market during the forecast period.
Based on the sales channel, the global motorcycle exhaust system market is divided into online and offline. Among these, the online is expected to hold the largest share of the global motorcycle exhaust system market during the forecast period. The segmental growth can be attributed to customers offering to acquire automobile exhaust systems remotely will find convenience, an extensive range of options, and ease of comparison using an online sales channel.
- The cruiser segment is expected to hold the largest share of the global motorcycle exhaust system market during the forecast period.
Based on the vehicle type, the global motorcycle exhaust system market is divided into cruiser, sport, touring, standard, dirt bike, and scooter. Among these, the cruiser is expected to hold the largest share of the global motorcycle exhaust system market during the forecast period. The segmental growth can be attributed to riders craving comfort and style who will appreciate the unique design and easy riding position. The increasing global demand for cruiser automobiles, driven by variables such as lifestyle preferences, touring capabilities, and customization possibilities, directly drives the demand for exhaust systems specialized to this market.
Regional Segment Analysis of the Global Motorcycle Exhaust System Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- Latin America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia-Pacific is anticipated to hold the largest share of the global motorcycle exhaust system market over the predicted timeframe.
Get more details on this report -
Asia-Pacific is anticipated to hold the largest share of the global motorcycle exhaust system market over the predicted timeframe. The region is anticipated to maintain this leading position throughout the forecast period. The rising popularity of heavyweight motorcycles, fueled by the high-net-worth individual (HNWI) population, is a significant driver of revenue growth in this market. Prominent OEMs are actively advertising their goods through roadshows and campaigns, especially in key rising economies such as China. Asia-Pacific attracts significant automotive manufacturing investments due to government incentives, cost-effectiveness, and raw material availability, resulting in substantial investments in research and development facilities over the past decade.
North America is expected to grow at the fastest pace in the global motorcycle exhaust system market during the forecast period. The regional growth can be attributed to the region's demographic profile, with older motorcycle riders dominating the supersport motorcycle market, promoting the adoption of sport and touring motorcycles that demand high-quality exhaust systems for enhanced performance, sound, and style.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global motorcycle exhaust system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and swot analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of overall competition within the market.
List of Key Companies
- Arrow Special Parts SpA
- Two Brothers Racing Inc.
- Vance and Hines
- Bassani Manufacturing
- Llexeter Ltd.
- M4 Products LLC
- MIVV SpA
- FMF Racing Inc.
- Graves Motorsports
- SAKURA KOGYO Co. Ltd.
- Voodoo Industries
- Yoshimura R and D of America Inc.
- Car Sound Exhaust System Inc.
- Cobra Engineering Inc.
- Sankei Giken Kogyo Co. Ltd.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2023, with a dynamic design that was specially created for Suzuki’s new adventure bike, the Suzuki v-Strom 800DE, Akrapovic debuted its new slip-on line (titanium) exhaust.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global motorcycle exhaust system market based on the below-mentioned segments:
Global Motorcycle Exhaust System Market, By Application
- OEMs
- Aftermarket
Global Motorcycle Exhaust System Market, By Type
- Single Exhaust System
- Dual Exhaust System
Global Motorcycle Exhaust System Market, By Sales Channel
- Online
- Offline
Global Motorcycle Exhaust System Market, By Vehicle Type
- Cruiser
- Sport
- Touring
- Standard
- Dirt Bike
- Scooter
Global Motorcycle Exhaust System Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
-
1. What is the market size of the global motorcycle exhaust system market?The global motorcycle exhaust system market is expected to grow from USD 2.65 Billion in 2023 to USD 5.83 Billion by 2033, at a CAGR of 8.20% during the forecast period 2023-2033.
-
2. Who are the key market players of the global motorcycle exhaust system market?Some of the key market players of the market are Arrow Special Parts SpA, Two Brothers Racing Inc., Vance and Hines, Bassani Manufacturing, Llexeter Ltd.M4 Products LLC, MIVV SpA, FMF Racing Inc., Graves Motorsports, SAKURA KOGYO Co. Ltd., Voodoo Industries, Yoshimura R and D of America Inc., Car Sound Exhaust System Inc., Cobra Engineering Inc., Sankei Giken Kogyo Co. Ltd., Others.
-
3. Which region is dominating the global motorcycle exhaust system market?Asia-Pacific is dominating the global motorcycle exhaust system market with the highest market share.
Need help to buy this report?