PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1803213
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1803213
The U.S. motorcycle and bike parts market, valued at USD 6.8 billion in 2024, is poised for robust growth, projected to reach USD 9.3 billion by 2032, at a steady CAGR of 4.1% during 2025-2032. This growth is strongly driven by the surging adoption of electric bicycles (e-bikes), fueled by environmental awareness, government subsidies, and the broader demand for sustainable mobility solutions.
Enhanced infrastructure, such as the expansion of EV charging stations, is facilitating the rise of electric motorcycles and e-bikes. Additionally, the integration of advanced technologies like AI-assisted riding systems, adaptive cruise control, and sophisticated electric powertrains is attracting a new generation of riders. The strong American affinity for motorcycle ownership-underpinned by legacy brands like Harley-Davidson, Yamaha, and Honda-is further boosting demand for parts and accessories.
Elevated fuel prices are pushing consumers toward more fuel-efficient alternatives, including electric models. Furthermore, rising urbanization, customization trends, and the growing popularity of two-wheel leisure and adventure travel are significantly propelling the aftermarket demand for performance upgrades and safety enhancements.
Key Insights
The accessories & safety gear segment leads the market with a 45% share, driven by essential purchases such as helmets, gloves, and jackets that combine safety with style.
Performance & customization parts are the fastest-growing category, as riders increasingly seek personalized enhancements like aftermarket wheels, performance exhausts, and ECU tuners.
The aftermarket channel, particularly specialty stores, holds a 50% share due to their wide offerings, authentic products, and personalized services, appealing to both casual riders and DIY enthusiasts.
Online retailers represent the fastest-growing sales channel, offering convenient access to a wide array of parts across various price ranges and product types.
In terms of powertrain, internal combustion engines dominate with an 85% share, owing to widespread availability, affordability, and established fueling infrastructure.
Electric powertrains, though currently niche, are gaining momentum and represent the fastest-growing category, supported by innovations and investments from key players like Yamaha and Harley-Davidson's LiveWire division.
The mid-range price segment accounts for 55% of market revenue, driven by motorcycles priced between USD 5,000 and USD 10,000-ideal for both daily commutes and weekend adventures.
Regionally, the West leads with a 35% share, fueled by its favorable weather, rich riding culture, and government incentives for electric vehicle adoption.
The South is the fastest-growing region, benefiting from urban expansion, growing motorcycle culture, and increasing participation in motorbike events.
Electric bicycle growth is a standout trend, with companies like Zero Motorcycles securing over USD 100 million in funding to expand production and dealership networks.
Bike-sharing programs in cities like New York, Chicago, and Los Angeles are accelerating e-bike usage-e-bikes comprise a third of Citi Bike's NYC fleet but account for over 60% of trips.
Advancements in autonomous and electric technologies, exemplified by Yamaha's USD 45-million Innovation Center in Georgia, are reshaping the market landscape and expanding component demand.
The market is fragmented, featuring renowned OEMs and aftermarket suppliers like Polaris Industries, S&S Cycle, Brembo, and Edelbrock, all competing across product quality, innovation, and customization offerings.
A vibrant DIY and customization culture, supported by a vast network of garages and media influence from shows like American Chopper, is spurring demand for diverse aftermarket solutions.
Urban congestion and post-pandemic travel preferences are pushing more commuters toward two-wheelers, reshaping them from style symbols into practical and preferred transportation modes.
Lifestyle segments vary: sports motorcycles attract youth and women riders, while cruisers remain favorites among older demographics seeking adventure and comfort.