Global Two Wheeler Hand Hold Market to be dominated by Asia-pacific region till 2026
Rising safety concerns and
the flourishing automotive industry is expected to drive the demand for global
two-wheeler hand hold market for the forecast period.
According to TechSci Research report, “Two-Wheeler
Hand Hold Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026
Segmented By Vehicle Type (Scooter/Moped and
Motorcycle), By Demand Category (OEM vs Replacement) and By Region”, the global two-wheeler hand hold market is expected
to witness a growth of significant CAGR for the forecast period, 2022-2026. The
hand hold in the two-wheeler automobiles provides extra support to the rider
and the passenger and enables them to better grip the two-wheeler vehicle while
driving. Hand hold is added in the two-wheeler vehicles to enhance the rider
and passenger's comfort and convenience to provide a better experience for the
riders. Availability of hand hold products through online channels is expected
to contribute to the market growth significantly. The market players offer
facilities like easy pick-up and delivery options, online payment gateways to
attract more customers and expand the consumer base is expected to influence
the global two-wheeler hand hold market growth for the next five years.
Increase in the working woman population is fueling the demand for scooter as
it has higher space capacity and is comfortable to ride due to the presence of
wider seat. Implementation of strict policies and regulations to reduce the
occurrence of traffic congestion and emissions by the leading authorities are
influencing the customers to opt for small-sized, compact two-wheeler vehicles,
thereby accelerating the sales of two-wheeler automobiles. The growing income
of the middle-class families and the improving living standards of the people
enable them to afford two-wheelers equipped with safety features and equipment,
thereby influencing the demand of the global two-wheeler hand hold market. With
the onset of COVID-19, people have started avoiding traveling through public
transportation and started preferring to travel in privately owned vehicles.
Manufacturers of two-wheeler vehicles are making high-end investments in research
and development activities to attract more customers. The introduction of
motorcycles equipped with advanced features such as larger fuel tanks, bucket
seats, hand holds, unique horns, high mileage is expected to create lucrative
opportunities for the global two-wheeler market growth.
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Global
two-wheeler hand hold market is segmented into vehicle type, demand category,
regional distribution, and company. Based on vehicle type, the market is
divided into scooter/moped and motorcycle. The motorcycle segment is expected
to account for major market share for the forecast period, 2022-2026. The
growing demand for motorcycles due to the surging expenditure capacity and the
rise in the youth population is influencing the demand for the two-wheeler hand
hold market. No additional support present in the luxury motorbikes puts the
passenger at risk and therefore requires the hand hold in the two-wheeler
automobiles. A motorcycle offers higher mileage than a scooter and is preferred
to travel long distances. Adoption of advanced technologies by the motorcycle
market players is boosting the market growth, such as the invention of an
anti-lock braking system is increasing the sales of motorbikes. Based on the
demand category, the market is divided into OEM and replacement. The OEM
segment is expected to dominate the global two-wheeler hand hold market share
for the next five years. The products made available by the OEMs have quality
and offer warranties to attract more customers.
Dongguan
Hongyi Carbon Fiber Technological Co., Ltd., SZ Motorcycle Industries Ltd.,
Neco Technology Industry Co., Ltd., Appleton's Custom Bars, Inc., Fasst Company
are the leading players operating in global two-wheeler hand hold market. Manufacturers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several two-wheeler hand hold manufacturers are
coming up with their technologically advanced offerings.
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“The
growing awareness of the consumers towards the high pollution levels and the
effect of harmful emission pollutants into the environment is increasing the
demand for electric vehicles across the globe. The increasing adoption of
two-wheeler electric vehicles for commuting purposes and the rise in
initiatives taken by the leading authorities of developing countries to boost
the sales of electric vehicles are influencing the market growth. The development of the battery infrastructure
across the globe is encouraging the automotive manufacturers to launch
two-wheelers equipped with additional facilities, including the presence of
hand holds to attract more customers. With the growing sales of two-wheeler
automobiles and the increasing efforts of market players to launch two-wheelers
equipped with hand hold to boost the sales of consumers is expected to propel
the global two-wheeler hand hold market growth till 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Two-Wheeler
Hand Hold Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026
Segmented
By Vehicle Type (Scooter/Moped and Motorcycle), By Demand Category (OEM vs
Replacement) and By Region” has evaluated the future growth
potential of global two-wheeler hand hold market and provided statistics & information
on market size, shares, structure and future market growth. The report intends
to provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
of global two-wheeler hand hold market.
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