Motorcycle Headlight Bracket Market Analysis by Size, Growth and Forecast (2024–2032) | UnivDatos
According to the UnivDatos Market Insights analysis, growing demand for automobiles will drive the growth scenario of Motorcycle Headlight Bracket and as per their “Motorcycle Headlight Bracket Market” report, the global market was valued at USD 122 million in 2023, growing at a CAGR of 7.44% during the forecast period from 2024 - 2032 to reach USD million by 2032. Global Motorcycle Headlight Bracket market has witnessed a notable growth during 2022 & 2023. Motorcycle headlight bracket is a component used to mount headlight on the vehicle. These brackets are made of different types of metal and sturdy plastic composition and help keep the headlight in the uniform position irrespective of the shocks being absorbed by the vehicles and high air drag. These brackets are customizable and many of the customers often opt for different shapes and sized brackets different from the ones provided by the OEMs.
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Rising Sales of Motorcycles:
Motorcycle sales across the globe has witnessed a rapid growth in the recent years. Some of the key factors that have attributed to the higher sales of motorcycles are growing middle class population, rising disposable income, etc. As motorcycle is the main mode of transportation for a large number of families in the developing region as Asia Pacific, South America, Africa, etc., the respective region have contributed to the larger share in the demand for the same. Additionally, the rise of fuel-efficient and low-emission vehicles the demand for such motorcycles have also been promulgated in the recent years. According to the Motorcycle Sales Data, the total sales of motorcycles in the first half of 2024 was around 32.7 million which was around 5.1% higher than that of the year 2023.
Additionally, the some of the key regions which are witnessing a rapid growth for motorcycle sales are South Asia, China, Southeast Asia, etc. These regions are in the bracket of middle income due to which the motorcycle has been one of the instrumental modes of transportation in urban to rural infrastructure. Considering these shift there is a rising demand for motorcycle components of which headlight bracket is one of the notable.
Furthermore, there is a rising trend of motorcycle modification across the globe due to which the aftermarket sales of the motorcycle headlight bracket is further increased. Considering the changes the demand for global motorcycle headlight bracket is anticipated to exhibit a high CAGR during 2024-2032.
Shift Towards Electric Motorcycles:
The global demand for electric motorcycles has notably increased. Some of the key factors as lower running cost, easy handling, light-weight, clean transportation, environment sustainability have attracted a large set of buyers towards it. As the demand for the electric motorcycles has increased the demand for headlight bracket both from the OEM and aftermarket’ end has significantly increased.
Additionally, many of the governments across the globe have aligned their efforts towards higher adoption of electric vehicles further leading to change in policy measures, providing subsidies and help build a robust electric vehicle ecosystem.
As electric vehicle provide regeneration of energy through braking people often get a higher range in city conditions as compared to the conventional motorcycles further leading to promote its demand. Considering the factors the demand for electric motorcycles is further anticipated to increase and subsequently promulgate the market growth of Global Motorcycle Headlight Bracket in the coming years.
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Conclusion:
The Global Motorcycle Headlight Bracket market is experiencing a transformative phase driven by technological advancements, sustainable vehicle production and operations, digitalization, market dynamics, and implementation of government policies. Stakeholders across the industry are embracing these trends to enhance operational efficiency, etc.
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