PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515446
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515446
Motorcycle Shift Rearset Market size was valued at USD 320.90 Million in 2023, expanding at a CAGR of 7.20% from 2024 to 2032.
A shift rearset for motorcycles is a part of the foot control system that moves the shift lever and footpegs to a higher and more rearward position. Performance and ergonomic modifications like this one are frequently made, especially for sport and race motorcycles. High-quality materials, such as billet aluminum, which combines strength and lightweight qualities, are commonly used to make rearsets.
Motorcycle Shift Rearset Market- Market Dynamics
Expansion of Popularity of Recreational Riding and Motorsports to Propel Market Growth
One of the main factors driving the motorcycle shift rearset industry is the rising popularity of motorsports and recreational riding. The increasing global obsession with competitive motorcycle racing, which has received a lot of attention and publicity from high-profile events like the World Superbike Championship and MotoGP, is the driving force behind this spike in interest. In addition to drawing sizable crowds, these races encourage many enthusiasts to improve their bikes with high-performance components like shift rearsets in an attempt to replicate professional racers. For both professional and leisure riders, these elements improve control, ergonomics, and the entire riding experience.
Motorcycle Shift Rearset Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.20% over the forecast period (2024-2032)
Based on type segmentation, the cyclic motorcycle shift rearset category was predicted to show maximum market share in the year 2023
Based on application segmentation, the aftermarket category was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Motorcycle Shift Rearset Market is segmented on the basis of Type, Application, and Region.
The market is divided into two categories based on type: Cyclic Motorcycle Shift Rearset and Noncyclic Motorcycle Shift Rearset. The cyclic motorcycle shift rearset category dominates the market. Cyclic rearsets are growing in popularity as a result of improvements in design and technology because of their improved efficiency and dependability when shifting gears. Because of the combined influence of OEM and aftermarket channels, this category is expected to take a sizable portion of the market. The market for motorcycle accessories is growing overall, and the growth trajectory for cyclic motorcycle shift rearsets is in line with this trend. This growth is being supported by growing customer demand for performance enhancement and personalization.
The market is divided into two categories based on application: Aftermarket and OEMs. The aftermarket category dominates the market and is likely to maintain its dominance during the forecast period driven by several factors, such as the growing trend of motorcycle customization and the growing number of riders who want their bikes to have better looks and performance. Furthermore, because of their cost and variety of possibilities, aftermarket rearsets are frequently chosen by riders who want to customize their motorcycles to fit their unique tastes and riding styles.
Motorcycle Shift Rearset Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Over the course of the forecast period, North America is anticipated to hold the greatest share of the global market for motorcycle shift rearset fueled by a growing market demand for motorbike performance upgrades and personalization. The aftermarket and OEM segments both contribute significantly to this market, with the United States being a major player. Technological developments and the growing appeal of motorcycling as a leisure activity are key factors driving market expansion.
In addition, the motorcycle shift rearset market is anticipated to expand at the fastest rate in the world during the projected period in Asia Pacific. Growing motorcycle sales in this area are fueling the industry, particularly in nations like China, India, and Japan where motorcycles are a common form of transportation. In these areas, professional riders and motorcycle enthusiasts are demanding more specialized and high-performance gear, including shift rearsets. The rising appeal of motorsports and the expanding availability of cutting-edge aftermarket goods are two further factors driving this desire.
The existence of multiple players, such as ZF, Vortex Racing, Woodcraft Technologies, SATO RACING, and others, operating on a regional and international scale, suggests that the motorcycle shift rearset industry is extremely fragmented. Because this market is restricted to the sports motorbike category, there is fierce competition among the current participants. In addition, the producers of adjustable rearsets for motorcycles are making large investments in the creation of cutting-edge weight designs, and it is anticipated that this trend will continue during the projected period.
GLOBAL MOTORCYCLE SHIFT REARSET MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
ZF
Vortex Racing
Woodcraft Technologies
SATO RACING
R&G
Gilles Tooling
Rizoma
ITR Motor Sport
Motionlogics
Others