Global Two Wheeler Handlebars Market, By Type (Motorcycles, Standard, Cruiser, Sports, Off-Road, Scooters, Standard, Maxi, Enclosed), Material Type (Steel, Aluminum, Alloy), Distribution Channel (Online, Offline) – Industry Trends and Forecast to 2029
Two Wheeler Handlebars Market Analysis and Size
Nowadays, manufacturers and major market players are focusing on corrosion-resistant and lightweight handlebars to improve the steering stability and performance of the two-wheeler vehicle. The manufacturers of two wheeler vehicle are integrating handlebars on their vehicle which deliver riding comfort to the rider. Furthermore, the growing disposable income of the population and the increase in the demand of the motorcycles and scooters has considerably in rural areas are some major factors for the growth of the two wheeler handlebars market during the forecast period of 2022-2029.
Data Bridge Market Research analyses that the two wheeler handlebars market was valued at USD 463.60 million in 2021 and is expected to reach USD 690.18 million by 2029, registering a CAGR of 5.10 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Motorcycles, Standard, Cruiser, Sports, Off-Road, Scooters, Standard, Maxi, Enclosed), Material Type (Steel, Aluminum, Alloy), Distribution Channel (Online, Offline)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Kohli Bullet Accessories (India), Renthal (U.K.), FLANDERS Inc. (U.S.), J&P Cycles (U.S.), Accell Group (Netherlands), Burleigh Bars (Australia), Lyon Lee Autotop Industry (Shanghai) Co., Ltd. (China), Saler Wang Foshan Xinmatuo Motorcycle Parts Industrial Co., Ltd. (China), Dorel Industries (Canada), Accell Group (Netherlands), Shimano Inc. (Japan), SRAM LLC (U.S.), Hero Cycles Ltd (India), Campagnolo S.R.L. (Italy), Merida Bikes (Taiwan), Specialized Bicycle Components (U.S.), Rohloff AG (Germany), Giant Bicycles (Taiwan)., Currie Technologies (U.S.), OMAX Corporation (U.S.), Trek Bicycle Corporation (U.S.), Marin Bikes (U.S.), Atlas Cycles (Haryana) Ltd (India)
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Market Opportunities
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Market Definition
Handlebars in two wheeler are a type of rod and a part of steering mechanism which allows the driver in steering a two wheeler. Handlebars are also available in different designs, shapes and sizes. The manufacturers are adding handlebars on their vehicle to deliver comfortable and ease riding to the rider. Many components are integrated on handlebars, including clutch, break, light switch modules, and mirrors.
Global Two Wheeler Handlebars Market Dynamics
Drivers
- Growing tourism sector
The growth of tourism in the developing region further influences the growth of the two wheeler handlebars market. The rise in number of congestion and tourists further escalate the demand for the two wheeler vehicle such as scooter and bike which positively affect the market growth rate.
- Rising demand of green transportation
The rise in value for green transportation in the market is expected to increase the demand of bicycle and eventually increase the growth of two wheeler handlebars market globally. According to WHO report, air pollution is also the reason of death it contributed approx. 3.7 Mn under the age of 60 in the year 2012.
Also, the passenger trucks and vehicles are the main reasons of the air pollution because it produces substantial amount of carbon monoxide, nitrogen monoxide and other pollutants. So due to the rising demand of green transportation such as bicycle is expected to drive the growth of the two wheeler handlebars market.
- Expansion and growth of automotive industry
The increase in the global economic create huge scope for the growth of the transportation and automotive industry. There is an increased focus of the major market players on the application of advanced technologies which has widen the demand of the two wheeler vehicle and also boost the demand of two wheeler handlebars market
- Consumer inclination toward electric bike
The increase in the consumer inclination towards electric or e-bikes boost the growth of the market. These bikes are extensively adopted because are smaller in size, offer higher speed with less effort, and provide health benefits. The surge in requirement of these electric bike for many purposes such as adventure, daily transport, and among others drives the two wheeler handlebars market further.
Furthermore, increasing disposable income of the population in rural area is the major factor which is accelerating the growth of the market, also the less availability of well-established public transport system in rural areas, fulfilling the requirement for mobility in rural areas, increased demand for motorcycles, and increased tax rates and selling price of four wheelers are some major factors which are expected to drive the growth rate of the two wheeler handlebars market.
Opportunities
- Strategic collaboration and partnerships
The manufacturers of handlebars are concentrating on increasing the sales by improving the safety and performance of these batteries. They are also focussing on partnerships and collaborations to increase their facilities, which are expected to create lucrative opportunities for the market growth rate.
- Rise in the spending money of middle-class population in two wheeler
The rise in the spending power and money of the middle-class population in developing countries cross the globe is anticipated to provide plenty of opportunities for the progressive growth of the two wheeler handlebars market in the forecast period.
Moreover, surging technological advancement in the production of handlebars will increase new market opportunities for growth of the two wheeler handlebars market.
Restraints/ Challenges
- High cost associated with two wheeler
The lack of availability of two wheeler manufacturers which, in turn, increases the cost of scooters and motorcycles which acts as a major factor among others factors and acting as a restriction, and will further challenge the growth of the two wheeler handlebars market in the forecast period.
This two wheeler handlebars market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the two wheeler handlebars market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Two Wheeler Handlebars Market
The automotive sector showed sharp declines in the production and sales of two wheeler handlebars due to the outbreak of COVID-19 pandemic. Governments have imposed lockdowns globally to curb the widespread pandemic and several manufacturers had to suspend operations temporarily. The manufacturing of two wheeler vehicles decreases, decreasing the production rate of two wheeler handle bars during this pandemic. So, during this pandemic the two wheeler handlebars market is expected to negatively affect which is directly related to the vehicles products. The ongoing COVID-19 pandemic can be a limitation for many businesses together with the automotive business.
However, high demand is predicted to occur within the coming years, which is predicted to recover the business output performance, growth consumption and the expansion of the two-wheeler handlebars market .
Global Two Wheeler Handlebars Market Scope
The two wheeler handlebars market is segmented on the basis of type, material type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Motorcycles
- Standard
- Cruiser
- Sports
- Off-Road
- Scooters
- Standard
- Maxi
- Enclosed
Material Type
- Steel
- Aluminum
- Alloy
Distribution Channel
- Online
- Offline
Two Wheeler Handlebars Market Regional Analysis/Insights
The two wheeler handlebars market is analysed and market size insights and trends are provided by country, type, material type and distribution channel as referenced above.
The countries covered in the two wheeler handlebars market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific dominates the two wheeler handlebars market due to the increase in the spending power of the middle-class population and increased sale of two wheelers in this region.
Europe is anticipated to be the fastest developing regions during the forecast period of 2022-2029 due to the stringent emission norms for vehicles and growing population of two wheeler users in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Two Wheeler Handlebars Market Share Analysis
The two wheeler handlebars market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to two wheeler handlebars market.
Some of the major players operating in the two wheeler handlebars market are:
- Kohli Bullet Accessories (India)
- Renthal (U.K.)
- FLANDERS Inc.(U.S.)
- J&P Cycles (U.S.)
- Accell Group (Netherlands)
- Burleigh Bars (Australia)
- Lyon Lee Autotop Industry (Shanghai) Co., Ltd. (China)
- Saler Wang Foshan Xinmatuo Motorcycle Parts Industrial Co., Ltd. (China)
- Dorel Industries (Canada)
- Accell Group (Netherlands)
- Shimano Inc. (Japan)
- SRAM LLC (U.S.)
- Hero Cycles Ltd (India)
- Campagnolo S.R.L. (Italy)
- Merida Bikes (Taiwan)
- Specialized Bicycle Components (U.S.)
- Rohloff AG (Germany)
- Giant Bicycles (Taiwan)
- Currie Technologies (U.S.)
- OMAX Corporation (U.S.)
- Trek Bicycle Corporation (U.S.)
- Marin Bikes (U.S.)
- Atlas Cycles (Haryana) Ltd (India)
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