Two-Wheeler Aftermarket Components Market- Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Market Overview
The Two-Wheeler Aftermarket Components market is projected to grow from USD 29,305 million in 2024 to USD 49,603.43 million by 2032, reflecting a compound annual growth rate (CAGR) of 6.8%.

The market is primarily driven by increasing consumer demand for vehicle customization, enhanced performance, and extended vehicle life. Rising disposable incomes and the growing popularity of two-wheelers in emerging economies are further boosting the demand for aftermarket parts. Technological advancements, such as smart components and electric vehicle parts, are also influencing market growth. The rise of e-commerce platforms is enhancing accessibility to aftermarket components, stimulating demand even further. Moreover, the growing emphasis on sustainability has led to an increased demand for eco-friendly and energy-efficient products. The expansion of online repair and maintenance services is contributing to the market’s growth as well. As global two-wheeler sales continue to rise, the demand for aftermarket components is set to increase, with consumers seeking performance upgrades and replacement parts to maintain their vehicles. This trend, coupled with technological innovations, is expected to shape the market’s future.

Market Drivers
Expanding Two-Wheeler Ownership in Emerging Markets
The rising adoption of two-wheelers in emerging markets is playing a crucial role in the growing demand for aftermarket components. Reports from government transportation agencies highlight the surge in two-wheeler ownership in countries like India, China, and Southeast Asia, driven by factors such as cost-effectiveness, convenience, and fuel efficiency. These regions have witnessed a significant increase in two-wheeler sales, directly correlating with a higher demand for replacement parts such as tires, brake pads, and filters. According to a survey by a leading automotive association, economic development in these regions has led to a greater reliance on two-wheelers for daily commuting and leisure, further increasing the need for aftermarket components.

Market Challenges Analysis
Supply Chain and Distribution Challenges
The Two-Wheeler Aftermarket Components market faces significant challenges related to supply chain and distribution. The global nature of the market means manufacturers must navigate complexities in sourcing raw materials, managing production timelines, and maintaining inventory levels. Disruptions in the supply chain, such as geopolitical tensions, natural disasters, or transportation delays, can result in shortages and increased costs for both suppliers and consumers. Additionally, the growing demand for specialized components, such as electric vehicle parts, has strained supply chains that may not always be prepared to handle these emerging needs. These challenges can impact product availability, pricing stability, and overall customer satisfaction, posing significant barriers to market growth. While the rise of digital technologies in supply chain management presents opportunities, companies must invest in advanced systems for inventory tracking and logistics management, which can be costly and require significant staff training.

Segmentation

By Two-Wheeler Type

Standard Motorcycle

Cruiser Motorcycle

Sports Motorcycle

Standard Scooter

Maxi Scooter

Mopeds

By Product Type

Components

Fuel Injector

Fuel Filter

Air Filter

Brake Pads

Brake Shoes

Brake Caliper

Accelerator & Brake Cable

Electric Starter Motor

Clutch Plate

Chain & Sprocket

Battery

Headlight Bulb

Turn Indicator Bulb

Spark Plugs

Ignition Coil

Shock Absorber

Seat

Exhaust Muffler

Mirror

Tires

Consumables

Washing Shampoo

Cleaning Polish

Coolant

Engine Oil

By Sales Channel

Authorized Dealers

Independent Dealers

Online

By Geography

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Southeast Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Key Player Analysis

ZF Friedrichshafen AG

Yamaha Motor Company Ltd.

TVS Motor Company

KYB Corporation

Hero Motocorp Ltd.

BMW Group

Hella KGaA Hueck & Co

Showa Corporation

BITUBO S.r.l.

Bajaj Auto