The US motorcycle parts market, excluding saddles, experienced a fluctuating trend from 2013 to 2023, reaching a value of $6.2712 billion in 2023. The market saw a significant dip in 2020, followed by a strong recovery in subsequent years. The growth from 2022 to 2023 was 0.87%, while the compound annual growth rate (CAGR) from 2018 to 2023 was 0.89%. Forecasts suggest a moderate growth trend with a CAGR of 0.71% from 2024 to 2028.
Future trends to watch for:
- Technological advancements in motorcycle part manufacturing.
- Increased demand for eco-friendly components.
- Continued recovery and stabilization post-pandemic impacts.
- Emerging markets and the growth of electric motorcycles potentially driving parts demand.