Motorcycle Airbag Vests Market size is set to expand at over 26.4% CAGR during the forecast period i.e., between 2025-2037.
A key factor driving the growth of motorcycle airbag vests market is the increasing awareness and safety among people. Rising awareness related to safety equipments to be installed on bikes along with protective gears is driving the growth of motorcycle airbag vests market. Moreover, rising demand for the premium segment of motorcycles in most of the countries on year on year basis is intensifying the competition among different key players for which many companies with OEM’s (Original Equipments Manufacturers) are collaborating with airbag vest manufacturers, which is a significant factor fueling the motorcycle airbag vests market growth.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
26.4% |
Regional Scope |
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The motorcycle airbag vests market for component type is segmented into crash sensors, airbag modules, airbag ECU and inflator. The airbag vests segment will continue to account for the leading share in the market on the back of reducing chances of injury to the motorcyclist in case of accidents as vests are designed for all round protection and superior comfort.
Our in-depth analysis of the global market includes the following segments
By Product Type |
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By Fabric Type |
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By Coating Type |
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By Channel Type |
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By Components |
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By End Users |
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On the basis of regional analysis, the segmentation of motorcycle airbag vest market includes five major regions, named as, North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America industry is poised to hold largest revenue share by 2037, due to growth in automobile industry along with presence of leading automobile manufacturers, rising demand for premium class motorcycles and high investments done by OEMs. The motorcycle airbag vests market in Asia Pacific is anticipated to grow at a higher rate on the account of the living standard of the people and countries in this region has high potential for the high-performance motorcycles.
On April 15, 2020, Helite launched its new airbag show jacket “Airjump.” The jacket will appeal to the riders who look for elegance along with absolute protection. The jacket is a 100% female model available in their online stores.
Author Credits: Saima Khursheed
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