As of 2023, the per capita value of the motorcycle parts market in the US excluding saddles was approximately $18.80. From 2024 onwards, forecasted figures indicate a consistent upward trajectory, starting at $18.92 and increasing incrementally to $19.36 by 2028.
The year-on-year growth rate reflects a stable increase of around 0.6% to 0.7% each year, emphasizing a steady but modest growth pattern. Analyzing the compound annual growth rate (CAGR) from 2024 to 2028 suggests an average yearly increase of about 0.7%.
Future trends to watch for in this market include:
- Technological innovations in motorcycle components might drive higher value growth.
- Sustainability and eco-friendly parts may gain prominence.
- A potential rise in adoption of motorcycles for urban mobility solutions could expand the market size.