Market Overview:
The global motorcycle cover market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for motorcycles, electric bikes, and bicycles across the globe. In addition, the growing awareness about safety among riders is also propelling the growth of this market. The global motorcycle cover market can be segmented on the basis of type into indoor, outdoors, and other covers. The outdoor segment is expected to dominate the global motorcycle cover market during the forecast period owing to its high durability and weather resistance properties. On the basis of application,the global motorcycle covermarket can be divided into motorcycles, electric bikes, bicycles,, and other applications such as scooters and ATVs.
Product Definition:
A motorcycle cover is a textile or vinyl fabric that is stretched over the frame of a motorcycle to protect it from rain, snow, sun and dust.
Indoor:
Indoor is the new trend in motorcycle cover market which is growing at a tremendous pace. The main factor that's fueling this growth of indoor motorcycle cover industry is increasing demand for safe and secure storage of bike during bad weather conditions. Also, consumers are looking for convenient storage facility without any risk or damage to their bike.
Outdoors:
Outdoors is a type of cover that is used for protecting a motorcycle from the elements. It can be made of different materials like plastic, vinyl, and leather. The main function of an outdoors product is to provide the bike with some protection against sun, rain or snow and to shield it from road debris.
Application Insights:
The bicycle application segment accounted for the largest share of 46.9% in 2017 and is expected to witness significant growth over the forecast period. The growing demand for electric bicycles as a mode of transportation is anticipated to have a positive impact on market growth over the coming years.
Electric bikes are gaining popularity due to their low maintenance cost, ease of parking and storage, easy handling while riding, affordable price tags and high performance capabilities as compared to regular bikes. These factors are likely to increase product demand among consumers seeking an alternative mode of transport other than motorcycles or bicycles. In addition, increasing government initiatives towards promoting e-bikes including extension of insurance coverage and subsidies for purchasing e bike batteries are projected to further drive industry expansion over the coming years.
The automobile application segment was valued at USD 636 million in 2017 owing to increased production capacities by major manufacturers such as Honda Motor Co., Ltd., Suzuki Motor Corp., Kawasaki Heavy Industrial Co., Ltd.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing sales of motorcycles and scooters, rising disposable income, improved road infrastructure, and expansion of manufacturing facilities in economies including China, India, Thailand & Indonesia. In addition to this major manufacturers are also expanding their presence by opening retail stores where customers can choose from a wide range of products according to their requirements. For instance; Honda Motor Co., Ltd opened a new retail store called ‘Honda City’ in Japan on 15th April 2018 which offers various accessories such as covers along with other products for customization of motorcycle/scooter. Similarly; Suzuki Motor Corporation launched an online store named ‘Suzuki Accessory Store Online’ on 1st May 2018 where customers could purchase different types of covers along with other accessories for customization purposes.
Growth Factors:
- Increasing demand for motorcycles from the developing countries
- Rising disposable income of the people in these countries
- Increasing popularity of motorcycle touring and racing events
- Technological advancements in motorcycle covers that offer better protection against extreme weather conditions and UV radiation
- Growing awareness about the importance of using a motorcycle cover to protect the vehicle from scratches, dents, and other damages
Scope Of The Report
Report Attributes
Report Details
Report Title
Motorcycle Cover Market Research Report
By Type
Indoor, Outdoors, Other
By Application
Motorcycle, Electric Bike, Bicycle, Other
By Companies
Piaggio, Oxford Products, XYZCTEM, Kawasaki Motors, Nelson Rigg, Formosa Covers, Velmia, Louis, Capit
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Motorcycle Cover Market Report Segments:
The global Motorcycle Cover market is segmented on the basis of:
Types
Indoor, Outdoors, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Motorcycle, Electric Bike, Bicycle, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Piaggio
- Oxford Products
- XYZCTEM
- Kawasaki Motors
- Nelson Rigg
- Formosa Covers
- Velmia
- Louis
- Capit
Highlights of The Motorcycle Cover Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Indoor
- Outdoors
- Other
- By Application:
- Motorcycle
- Electric Bike
- Bicycle
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Motorcycle Cover Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Motorcycle cover is a type of insurance policy that provides protection for your motorcycle if it is stolen or damaged.
Some of the major companies in the motorcycle cover market are Piaggio, Oxford Products, XYZCTEM, Kawasaki Motors, Nelson Rigg, Formosa Covers, Velmia, Louis, Capit.
The motorcycle cover market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motorcycle Cover Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Motorcycle Cover Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motorcycle Cover Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Motorcycle Cover Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Motorcycle Cover Market Size & Forecast, 2018-2028
4.5.1 Motorcycle Cover Market Size and Y-o-Y Growth
4.5.2 Motorcycle Cover Market Absolute $ Opportunity
Chapter 5 Global Motorcycle Cover Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Motorcycle Cover Market Size Forecast by Type
5.2.1 Indoor
5.2.2 Outdoors
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Motorcycle Cover Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Motorcycle Cover Market Size Forecast by Applications
6.2.1 Motorcycle
6.2.2 Electric Bike
6.2.3 Bicycle
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motorcycle Cover Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Motorcycle Cover Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Motorcycle Cover Analysis and Forecast
9.1 Introduction
9.2 North America Motorcycle Cover Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Motorcycle Cover Market Size Forecast by Type
9.6.1 Indoor
9.6.2 Outdoors
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Motorcycle Cover Market Size Forecast by Applications
9.10.1 Motorcycle
9.10.2 Electric Bike
9.10.3 Bicycle
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Motorcycle Cover Analysis and Forecast
10.1 Introduction
10.2 Europe Motorcycle Cover Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Motorcycle Cover Market Size Forecast by Type
10.6.1 Indoor
10.6.2 Outdoors
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Motorcycle Cover Market Size Forecast by Applications
10.10.1 Motorcycle
10.10.2 Electric Bike
10.10.3 Bicycle
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Motorcycle Cover Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Motorcycle Cover Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Motorcycle Cover Market Size Forecast by Type
11.6.1 Indoor
11.6.2 Outdoors
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Motorcycle Cover Market Size Forecast by Applications
11.10.1 Motorcycle
11.10.2 Electric Bike
11.10.3 Bicycle
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Motorcycle Cover Analysis and Forecast
12.1 Introduction
12.2 Latin America Motorcycle Cover Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Motorcycle Cover Market Size Forecast by Type
12.6.1 Indoor
12.6.2 Outdoors
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Motorcycle Cover Market Size Forecast by Applications
12.10.1 Motorcycle
12.10.2 Electric Bike
12.10.3 Bicycle
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Motorcycle Cover Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Motorcycle Cover Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Motorcycle Cover Market Size Forecast by Type
13.6.1 Indoor
13.6.2 Outdoors
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Motorcycle Cover Market Size Forecast by Applications
13.10.1 Motorcycle
13.10.2 Electric Bike
13.10.3 Bicycle
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Motorcycle Cover Market: Competitive Dashboard
14.2 Global Motorcycle Cover Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Piaggio
14.3.2 Oxford Products
14.3.3 XYZCTEM
14.3.4 Kawasaki Motors
14.3.5 Nelson Rigg
14.3.6 Formosa Covers
14.3.7 Velmia
14.3.8 Louis
14.3.9 Capit
