Global Motorcycle Airbag Jacket Market 2017-2021
About Motorcycle Airbag Jacket
The airbag technology has been existing since world war II. It has evolved as an efficient trend to save human lives. The airbag acts as a soft pillow that provides a cushion against the crash shocks (highly accelerated sudden movements). Airbags are gas-inflated cushions. The design of the airbag material and air pressure in the airbag are very critical for operation. When an occupant is subjected to crash loads, it is necessary that the process of bag inflation happens within milliseconds.
Technavio’s analysts forecast the global motorcycle airbag jacket market to grow at a CAGR of 30.48% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle airbag jacket market for 2017-2021. To calculate the market size, the report considers the penetration of performance motorcycle sales and ridership numbers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motorcycle Airbag Jacket Market 2017-2021
Technavio recognizes the following companies as the key players in the global motorcycle airbag jacket market: Alpinestars, Bering, Dainese, HELITE, and MOTOAIR
Other Prominent Vendors in the market are: DPI Safety and SPIDI Sport.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Full-body airbag protection jacket design. The safety airbag technology uses sensors to detect a crash and inflate in milliseconds, protecting the vital bones and organs of the upper body with a layer of cushioning. The concepts for safety have been taken to a very higher level with the introduction of personal safety airbag cocoon. The concept was introduced by i Gel protective systems (Germany based project). It had 20 individual nitrogen-activated airbags to protect the head, torso, and lower body. It was inspired by the hedgehog nature to roll into a protective sphere.”
According to the report, one of the major drivers for this market is Increasing demand for performance motorcycles. The emerging economies of the world are facing intense challenges when dealing with two-wheeler driver safety. The motorcycle fleet is growing at a higher rate than the four-wheeled vehicles. The affordability and high connectivity, are factors which are increasing the popularity of motorcycles across the globe. The growing demands for performance and high-performance motorcycles are fueled by the increasing number of motorsport enthusiasts and disposable incomes. Factors, such as ill-prepared streets and roads and increasing numbers of young riders whizzing in every direction, are leading to high chances of collisions, especially in countries such as India, Indonesia, and Vietnam.
Further, the report states that one of the major factors hindering the growth of this market is Customer awareness about the product is low. There are two types of motorcycle airbag jackets available in the market: a wired airbag jacket and a wireless airbag jacket. Presently, the market for motorcycle airbag jacket is highly concentrated with a few major suppliers. Among these, only a couple of vendors provide wireless airbag jackets in the market. The airbag jacket price ranges from around $500 and goes up to $1,500 for the wireless unit. For customers in the market, the cost of an airbag jacket poses concerns due to the generally high cost of any motorcycle and insurance (typically an entry segment sports bike costs about $5,000, and insurance ranges from $500-$750). As most of the global motorcycle owners fall in the entry-level and mid-range motorcycles, they do not find it worth to spend such an amount of money on airbag jackets. Hence, suppliers need to reduce the cost of such equipment to achieve high-volume sales.
Alpinestars, Bering, Dainese, HELITE, MOTOAIR, DPI Safety and SPIDI Sport.
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