The forecast for the import of parts and accessories of bicycles and motorcycles to India from 2024 to 2028 shows a steady growth trend in value, increasing from 806.74 million USD in 2024 to 920.0 million USD in 2028. The year-on-year growth ranges from 3.6% in 2025 to around 3.1% in 2028. Given these trends, the compound annual growth rate (CAGR) for this period is approximately 3.3%. Comparatively, in 2023, the value stood at 780 million USD, marking consistent growth in the sector.

Future trends to watch for include:

Impact of technological advancements on production costs and import demand.
Changing consumer preferences towards eco-friendly transportation, influencing the import market.
Possible legislative changes impacting import tariffs and trade agreements.
Effects of potential disruptions in global supply chains due to geopolitical events.