Motorcycle Airbag Market Outlook
According to the report by Expert Market Research (EMR), the global motorcycle airbag market size is projected to grow at a CAGR of 21.8% between 2023 and 2028. Aided by the escalating demand for rider safety and the expanding applications of airbag systems in the motorcycle industry, the market is expected to grow significantly by 2028.
Motorcycle airbags are safety devices engineered to protect riders during collisions. They are typically installed in the rider’s jacket or on the motorcycle itself. Upon detecting a crash, these airbags inflate instantly, shielding the rider from severe injuries. The back, neck, and chest are the body parts most at risk in a motorbike crash, thus, the airbag protects them by inflating before the rider crashes and reaches the ground. Airbag systems that are both wireless and tethered can be purchased as vests, jackets, or as part of a race suit or jacket.
The rising consumer focus on motorcycle safety is a key driver of the global motorcycle airbag market growth. With increased awareness of the risks associated with motorcycle accidents, there has been a significant shift towards the adoption of safety measures, leading to a surge in demand for motorcycle airbag systems. Furthermore, the growing popularity of motorcycling as a sport and leisure activity has contributed to the demand for advanced safety equipment, with airbags playing a pivotal role.
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The expanding application of airbags in the motorcycle industry is another significant factor propelling the motorcycle airbag market expansion. Technological advancements have made it possible to incorporate airbag systems directly into motorcycles, creating a new wave of smart bikes equipped with built-in safety features. Moreover, airbags are now more compact and efficient than ever, making them an essential component in the manufacturing of high-end motorcycles.
Furthermore, the growing emphasis on legal safety regulations in the transport industry has led to an increased focus on motorcycle airbags as a crucial safety measure. With the implementation of stringent safety norms and the rise in traffic enforcement checks, motorcycle airbags have emerged as a critical component for regulatory compliance, thereby incraesing the motorcycle airbag market development. Aside from their safety function, motorcycle airbags are also becoming a valued feature, enhancing the overall riding experience and offering a selling point for manufacturers.
Motorcycle Airbag Market Segmentation
The market can be divided based on component, fabric type, coating, distribution channel, and region.
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Market Breakup by Component
- Crash Sensor
- Airbag Module
- Airbag
- Airbag ECU
- Inflator
- Others
Market Breakup by Fabric Type
- Nylon
- Polyester
- Others
Market Breakup by Coating
- Neoprene Coated
- Silicone Coated
- Non-Coated
Market Breakup by Distribution Channel
- OEM
- Aftermarket
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global motorcycle airbag companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Honda Motor Co., Ltd
- Helite Moto
- Mugen Denko Co., Ltd.
- Dainese S.p.A.
- Others
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