Global Motorcycle Handle Grip Market Size to Exceed USD 1218.11 Billion By 2033: Market Insight Report

Global Motorcycle Handle Grip Market Size to Exceed USD 1218.11 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Motorcycle Handle Grip Market Size is Expected to Grow from USD 618.61 Billion in 2023 to USD 1218.11 Billion by 2033, Growing at a CAGR of 7.01% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Motorcycle Handle Grip Market Size, Share, and COVID-19 Impact Analysis, By Handlebar Type (Straight Handlebar, Drag Handlebar, Clip-on Handlebar), By Material (Rubber, Foam, Synthetic Leather, Cork), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis And Forecast 2023 - 2033

The worldwide motorcycle handle grip market refers to the industry involved in the production and distribution of handle grips for motorcycles. These grips are essential components that provide riders with comfort, control, and stability while riding. Riders want stylish, unique handle grips that suit the overall appearance of their motorcycle or express their style. Regarding handling grips, manufacturers have responded to this trend by creating a vast array of designs, colours, and materials. Riders want stylish, unique handle grips that suit the overall appearance of their motorcycle or express their style. The industry continues to grow as an outcome of the increasing popularity of electric motorcycles with distinctive handle-grip designs. Further, the need for customized handle grips that enhance comfort, control, and durability has increased due to the development of electric automobiles and the increasing popularity of adventure sports. However, market acquisition faces several obstacles, like lack of quality control and testing, price fluctuation for essential components, and high upfront costs.

The straight handlebar segment held the largest share of the global motorcycle handle grip market in 2023 and is anticipated to grow at a significant CAGR over the forecast period.

On the basis of the handler type, the global motorcycle handle grip market is segmented into straight handlebar, drag handlebar, and clip-on handlebar. Among these, the straight handlebar segment accounted for the largest share of the global motorcycle handle grip market in 2023 and is anticipated to grow at a significant CAGR over the forecast period. This is because they give a comfortable, prolonged riding position that allows you to have great control over the motorcycle. Further, the rising popularity of adventure bikes, standard bikes, and cruisers accelerates segment expansion.

The rubber segment accounted for the greatest share of the global motorcycle handle grip market in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.

On the basis of material, the global motorcycle handle grip market is categorized into rubber, foam, synthetic leather, and cork. Among these, the rubber segment accounted for the greatest share of the global motorcycle handle grip market in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. This segmental growth is attributed to the market expansion because of extreme durability and high resistance to wear and tear.

Asia Pacific is anticipated to hold the largest share of the global motorcycle handle grip market over the forecast period.

Asia Pacific is expected to hold the greatest share of the global motorcycle handle grip market over the forecast period. The market's expansion throughout the region is further accelerated due to the major export and import for premium automobiles and the rising popularity of customers who enjoy off-road rides to explore scenic tourism spots. Moreover, increasing disposable incomes have raised the need for automobiles, and high implementation of sophisticated technology solutions has driven the regional market expansion.

North America is projected to grow at the fastest CAGR growth of the global motorcycle handle grip market over the forecast period. The regional market for motorcycle handle grip is driven by high technological adoption and developed infrastructure in the automotive industry. Moreover, the strong presence of key market players and their collaboration with reputable IT companies for infotainment, which makes a drastic change and propels the market growth.

Company Profiling

Major vendors in the global motorcycle handle grip market are Puig, Polisport, Domino, ODI, Vicma, Renthal, Rizoma, Barracuda, Ariete, ASV, Koso, Touratech, Acerbis, Oxford, ProTaper, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global motorcycle handle grip market based on the below-mentioned segments: 

Global Motorcycle Handle Grip Market, By Handlebar Type

• Straight Handlebar
• Drag Handlebar
• Clip-on Handlebar

Global Motorcycle Handle Grip Market, By Material

• Rubber
• Foam
• Synthetic Leather
• Cork

Global Motorcycle Handle Grip Market, By Regional

•  North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa