Global Motorcycle Airbag Market Report and Forecast 2024-2032

Global Motorcycle Airbag Market Outlook

The global motorcycle airbag market is expected to grow at a CAGR of 12.8% in the forecast period of 2024-2032.

Rising Demand for Silicone Coated Airbag Systems to Boost the Motorcycle Airbag Industry Growth

Based on coating, the silicone coated airbag systems are expected to witness an increased demand over the forecast period. The growth can be attributed to the fact that silicone coating allows rapid deployment of airbags and decreases air permissibility and, hence, it is increasingly preferred over neoprene coated and uncoated airbags. Moreover, it also shows high resistance against heat and pressure, thus, protecting the airbag from several damages. The sturdy and efficient nature of silicone coated airbag systems are aiding the growth of the segment.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Region-wise, the Asia Pacific is expected to provide enhanced growth opportunities for the market expansion over the forecast period owing to the rising sales of motorcycles, growing government initiatives towards improving vehicular safety, and escalating consumer disposable incomes in the region.

Motorcycle Airbag: Market Segmentation

Motorcycle airbag system can be referred to as a motorcycle safety system designed to protect the riders and save them from injuries in a collision. The system deploys an airbag that surrounds the rider, thus, significantly reducing the risk of spinal cord injury. The airbag inflates before the rider crashes and hits the ground and provides impact protection to the areas of the body vulnerable in a motorcycle crash, that is, back, neck, and chest. The system includes airbag vests and jackets for bike riders. Wireless and tethered airbag systems are available either in the form of vests or jackets or integrated within a jacket or race suit. Earlier, there were only tethered systems, but with the years of development and red tape, wireless airbag systems have also entered the market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on component, the market is divided into:

• Crash Sensor
• Airbag Module
• Airbag ECU
• Inflator
• Others

By fabric type, the industry can be segmented into:

• Nylon
• Polyester
• Others

By coating, the market is grouped into:

• Neoprene Coated
• Silicone Coated
• Non-Coated

On the basis of distribution channel, the industry can be categorised into:

• OEM
• Aftermarket

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Awareness Regarding Road Safety to Bolster the Growth of the Motorcycle Airbag Industry

The growing cases of road accidents are driving the demand for improved vehicular safety. The rising awareness regarding road safety and the favourable government initiatives are pushing the growth of the motorcycle airbag industry forward. The growth is expected to be higher in developing regions owing to the increasing awareness regarding road safety and the rising demand for premium motorcycles.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The growing focus of manufacturers to launch innovative and advanced safety systems is also aiding the growth of the industry. Over the forecast period, the growing utilisation of advanced sensor technology in airbag systems is expected to have a positive effect on the expansion of the global motorcycle airbag industry.

Key Industry Players in the Global Motorcycle Airbag Market

The report gives a detailed analysis of the following key players in the global motorcycle airbag market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Honda Motor Co., Ltd
• Helite Moto
• Mugen Denko Co., Ltd.
• Dainese S.p.A.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report