LONDON, Jun 07, 2017 (BUSINESS WIRE) — The global motorcycle shift
rearset market is expected to grow at a CAGR of
more than 12% during the forecast period, according to
Technavio’s latest report.
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In this report, Technavio
covers the market outlook and growth prospects of the global motorcycle shift
rearset market for 2017-2021. The market is
segmented based on end-user, which include aftermarket and
Motorcycle rearsets are optional fitments in sports motorcycles
as they provide stability and comfort to the rider by
comfortably positioning the rider’s legs. The existing or new
sports motorcycle owners are using aftermarket medium to fit
rearset for their variants. The Americas and EMEA accounted for
more than 80% of the motorcycle shift rearset market. These
regions will continue to dominate the market during the
forecast period due to the high adoption of sports motorcycles.
Technavio the global motorcycle shift rearset market into the
Americas: largest motorcycle shift rearset
“Demographic plays an important role in the rising adoption
of sports motorcycles in North America. The sports motorcycle
market in this region is dominated by senior motorcycle riders.
The average age of a rider is 50 years, and about 40% of the
motorcyclists are aged between 51-65 years. There is also an
increase in the demand for stability and comfort in
motorcycles,” says Siddharth Jaiswal, a lead analyst at
Technavio for research on automotive
The Americas is dominating the heavyweight motorcycles market.
The region accounted for 65% of the luxury motorcycles segment.
There will be a high adoption of technologies, such as shift
rearsets, during the forecast period. The presence of top
vendors, such as Honda, Kawasaki, and Indian motorcycles, is
also helping the market in the adoption of motorcycles.
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Motorcycle shift rearset market in EMEA
France, Italy, Germany, Spain, and the UK are the major
contributors to the motorcycle shift rearset market in EMEA due
to the rising demand for sports motorcycles and the growing
popularity of racing events. Factors such as geographic
location, popular coastlines, historical legacy, vibrant
culture, and suitable racing infrastructure, make Spain a
popular destination for racing championships. The country hosts
several international racing championships such as MotoGP
“Germany is one of the premier racing and driving
destinations in the world. The country has hosted many
international racing championships like MotoGP, Moto Racing,
German Speedweek, and others. The racing events push the
adoption of rearsets in the region,” says Siddharth.
Motorcycle shift rearset market in APAC
Japan and China are the dominant motorcycle shift rearset
markets in APAC. Although APAC records the highest purchase of
motorcycles, the rearset has minimum penetration owing to the
high proportion of low-powered motorcycles. APAC is expected to
exhibit the highest growth among all regions during the
forecast period due to favorable socio-economic conditions.
China and India dominate the motorcycle market in APAC, but
these two countries have a high concentration of low-powered
motorcycles. Japan, Australia, and New Zealand are the
frontrunners in the adoption of rearset owing to the high
penetration of sports motorcycles. However, the sports
motorcycles segment is expected to grow significantly in India
and China, which will push the adoption of advanced
technologies in the region.
The top vendors in the global motorcycle shift rearset market
highlighted in the report are:
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