Global Two Wheeler Footrest Market, By Material Type (Rubber, Iron, Aluminium, Steel and Others), Vehicle Type (Scooter and Motorcycle), Sales Channel (Original Equipment Manufacturer (OEM) and Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Two Wheeler Footrest Market
Data Bridge Market Research analyses that the two wheeler footrest market would exhibit a CAGR of 5.8% for the forecast period. Rising demand for passenger two-wheeler vehicles especially in the emerging economies, shifting tastes and preferences of individuals leading to increasing levels of customization in vehicles and increased focus of the manufacturers on the technological advancements are the major factors attributable to the growth of two wheeler footrest market. This signifies that, the global rail brace market value, which was USD 19342.20 million in 2020, would stand tall by USD 30366.25 million by the year 2028.
From the name itself, it is clear that the two wheeler footrests are the non-moving piece of metal, rubber or any other material that is screwed to the two wheeler vehicle to provide a resting sport to the pillion. The major aim of two wheeler footrests is to provide comfort, safety and convenience to the rider. The footrests are one of the mandatory accessories in a two wheeler vehicle.
Growth in the demand for effective and convenient safety accessories in two wheelers has resulted in growth in the market value. Growth in the overall production of two wheelers coupled with increasing purchasing power parity will also create lucrative growth opportunities for the market. Increased sale of second-hand/pre-owned two wheeler vehicles will also foster the market growth. Increased focus of the manufacturers on lightweight and durable materials will further carve the way for the growth of market.
However, stringent regulations pertaining to the vehicular emissions will pose a major challenge to the market growth rate. Also, fluctuations in the prices of raw materials will hamper the market growth rate. Stiff competition from public transportation will further restrict the scope of growth for the market.
This two wheeler footrest market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on two wheeler footrest market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Two Wheeler Footrest Market Scope and Market Size
The global two wheeler footrest market is segmented on the basis of material type, vehicle type and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of material type, the two wheeler footrest market has been segmented into rubber, iron, aluminium, steel and others.
- On the basis of vehicle type, the two wheeler footrest market is segmented into scooter and motorcycle. Scooter segment is sub-segmented into standard scooter, maxi, enclosed scooter, three-wheeled scooter and electric scooter. Motorcycle segment is sub-segmented into standard motorcycle, cruiser, sports, mopeds and electric motorcycle.
- On the basis of sales channel, the two wheeler footrest market is segmented into original equipment manufacturer (OEM) and aftermarket. Aftermarket segment is sub-segmented into online mode of distribution and offline mode of distribution.
Two Wheeler Footrest Market Country Level Analysis
The two wheeler footrest market is analysed and market size insights and trends are provided by country, material type, vehicle type and distribution channel as referenced above.
The countries covered in the two wheeler footrest market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the two wheeler footrest market and will continue to flourish its trend of dominance during the forecast period owing to the growing production of two wheeler vehicles especially in the developing economies like India and China. Asia-Pacific region is set to witness unprecedented growth during the forecast period. This is because of the easy and abundant availability of raw materials in this region.
The country section of the two wheeler footrest market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Two Wheeler Footrest Market Share Analysis
The two wheeler footrest market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to two wheeler footrest market.
The major players covered in the two wheeler footrest market report are Rajdeep Traders, Dakshita Injecto Plast., HINDUSTAN RUBBER INDUSTRIES, SW-MOTECH GmbH & Co. KG, Shree Laxmi Enterprises., Jikasu Engineering Corp., VVK Enterprises, PATHAK SALES (INDIA), Platinum Industries, Goyal Auto Products Private Ltd., Vaibhav Rubber Industries., Athletic Trends Industries among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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