United Kingdom Salvaged Motorcycle Market Size, Share, and COVID-19 Impact Analysis, By Type (Motorcycle Parts, Electrical & Electronics, Bags & Carrier Frames, Handle Accessories, Frames & Fittings, Motorcycles, Exhaust Systems, and Others), and United Kingdom Salvaged Motorcycle Market Insights, Industry Trend, Forecasts to 2033.

United Kingdom Salvaged Motorcycle Market Insights Forecasts to 2033 

• The United Kingdom Salvaged Motorcycle Market Size Was Estimated at USD 33.64 Million in 2023.
• The Market Size is Growing at a CAGR of 4.57% from 2023 to 2033
• The United Kingdom Salvaged Motorcycle Market Size is Expected to Reach USD 52.58 Million By 2033

The United Kingdom Salvaged Motorcycle Market Size is Expected to reach USD 52.58 Million By 2033, Growing at a CAGR of 4.57% from 2023 to 2033.

Market Overview

The market for salvaged motorcycles in the UK is centered on motorbikes that have been destroyed and declared a complete loss by insurance providers. These motorcycles, which fall into the categories of repairable, parts-only, and non-repairable, are frequently offered for sale at salvage auctions or by insurance companies. The market's expansion is mostly driven by factors including increased demand for expensive motorcycle spare parts, growing awareness of the benefits of using recycled car parts, and growing support for environmentally friendly activities. In addition, salvaged motorcycles are frequently purchased for a variety of spare parts, some of which are less expensive than original parts available elsewhere. Additionally, the automotive industry in the region is attracting low-cost salvaged motorcycles due to customer preferences, environmental awareness, and diverse offerings, including luxury, cruiser, adventure, and off-road vehicles. Furthermore, the market's expansion is greatly impacted by the rising price of new motorbike parts. Also, salvage market participants offer quick fixes, sustainable products, and reasonably priced alternatives.

Report Coverage

This research report categorizes the market for the United Kingdom salvaged motorcycle market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom salvaged motorcycle 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 United Kingdom salvaged motorcycle market. 

Driving Factors

The market for salvaged motorcycles in the UK is fueled by cost reductions, which makes them a desirable choice for people on a tight budget, especially during recessions. Additionally, the market for salvaged motorcycles is being driven by the expanding trend of motorcycle modification and repair. The restoration and refurbishment of damaged motorbikes to create one-of-a-kind bikes is gaining popularity among enthusiasts, mechanics, and hobbyists. By displaying restored motorcycles, social media sites, and motorcycle communities also stimulate this desire. Furthermore, salvaged motorcycles are becoming more popular as an environmentally beneficial substitute for new ones due to the increased focus on sustainability and waste reduction.

Restraining Factors

The United Kingdom salvaged motorcycle market faces challenges due to salvaged motorcycles might be affordable at first, but because of major structural damage or costly parts, repairs can be costly and could potentially exceed the bike's post-restoration value. Additionally, buying a salvaged motorbike might be difficult because of legal and insurance concerns, roadworthiness limitations, and possible insurability difficulties that may require further repairs or inspections.

Market Segmentation

The United Kingdom salvaged motorcycle market share is classified into type.

• The motorcycle parts segment accounted for the largest market share of 80.16% in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the United Kingdom salvaged motorcycle market is divided into motorcycle parts, electrical & electronics, bags & carrier frames, handle accessories, frames & fittings, motorcycles, exhaust systems, and others. Among these, the motorcycle parts segment accounted for the largest market share of 80.16% in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is expanding due to original spare parts being far more expensive than used and recovered parts.  As a result, the market for salvaged motorcycle parts is expanding in several areas, such as exhausts, electrical and electronic components, batteries, handle accessories, frames, fittings, carrier frames, and security systems.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom salvaged motorcycle 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 the overall competition within the market.

List of Key Companies

• Copart Inc.
• Motomine
• Colchester Breakers Ltd.
• ASM Auto Recycling Ltd.
• Southern Bike Spares
• WB MOTORCYCLE BREAKERS
• Pirate Island Motorcycle Parts
• Pro Motorcycle Salvage
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In October 2024, Copart's first auction was held in the St. Helens Operation Center. In September 2024, as part of its expansion strategy for the UK, it launched a new operating center at St Helens.

Market Segment

This study forecasts revenue at the United Kingdom, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom salvaged motorcycle market based on the below-mentioned segments

United Kingdom Salvaged Motorcycle Market, By Type

• Motorcycle Parts
• Electrical & Electronics
• Bags & Carrier Frames
• Handle Accessories
• Frames & Fittings
• Motorcycles
• Exhaust Systems
• Others