Global Motorcycle Exhaust System Market expected to nearly double by 2033, driven by various factors
From GlobeNewswire: 2024-04-02 14:00:00
The Global Motorcycle Exhaust System Market is expected to almost double in size, growing from USD 2.65 billion in 2023 to USD 5.83 billion by 2033, at a CAGR of 8.20%. Key drivers of growth include increased demand for better sound, performance, and look, as well as the popularity of sports motorcycles. The OEMs segment is expected to dominate the market, with the single exhaust system segment holding the largest share. Asia-Pacific is projected to lead in market share, driven by the growing popularity of heavyweight motorcycles among high-net-worth individuals. In North America, older riders are driving growth in the sport and touring motorcycle market, leading to increased adoption of high-quality exhaust systems for improved performance and style. Major vendors in the market include Arrow Special Parts SpA, Vance and Hines, and Yoshimura R&D of America Inc. In terms of recent developments, akrapovi debuted a new slip-on line exhaust specially designed for Suzuki’s v-Strom 800DE. The Global Motorcycle Exhaust System Market is segmented by application, type, sales channel, vehicle type, and region, providing insights for stakeholders and investors.
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