Racing Motor Bike Seat Market Overview
The Racing Motor Bike Seat market size is projected to be worth USD 8,000 million by 2030, registering a CAGR of 5% during the forecast period (2022–2030). The motorbike seat is important, especially since it directly affects your inseam. You'll be able to plant both of your feet firmly on the ground, which is frequently required, if your inseam and seat height are compatible. It is the distance between the lowest point of the saddle of your motorcycle and the ground. The measurement, which is often made in millimeters or inches, is made with the bike completely upright rather than on its supports. The motorcycling activity of the racing bikes is referred to as "motorcycle racing" or "moto racing." On open courses, circuits, and the racing track, notable types include motorcycle street racing and off-road hustling.
COVID-19 Impact on the Racing Motor Bike Seat Market:
The instantaneous spread of COVID-19 has caused considerable disturbance to a wide range of industries across the globe. Some of the major Market end-users who were enormously hit by the pandemic include the Private, Commercial Fleets.
Since the breakout of COVID-19 in Hubei, China in late 2019, there have been three worldwide infection waves of the epidemic: 1) the first wave peaked between early spring and summer in 2020 when countries started to implement lockdown strategies; 2) the second wave witnessed the rebounding of infection during October to the end of 2020 as some countries relaxed social distance policies; 3) the third wave began in early 2021 along with the start of vaccination campaigns since some countries loosed lockdowns and travel restrictions. Governments of countries with concentrated automobile industries have stepped forward to develop mechanisms to promote restructuring and innovation of social systems to combat economic stagnation as a result of the coronavirus disaster. The market is projected to achieve its desired growth rate if such activities are relaxed.
Due to declining sales, LePera Enterprises, for example, lay off staff in October 2020. However, due to its earlier expansion into China, its overall revenue increased. In 2021, the company performed well and COVID-19 had little impact. Due to Chinese lockdowns, its sales fell again in early 2022. This The market was less harmed during the pandemic due to a significant push from governments around the world to phase out vehicles.
Market Dynamics
Drivers
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Creating Growth Opportunities in the Racing Motor Bike Seat
Due to the deepening trend of long riding and racing activities across the automotive industry, a significant rise in sales of racing and sports bikes is being registered worldwide, resulting in bolstering the demand for associated components.
Restraints
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Growing emphasis on declining the weight of the bikes due to the implementation of stringent emission norms
Increasing emphasis on declining the weight of the bikes due to the implementation of stringent emission norms is discouraging the bike manufacturers to adopt racing motor bike seat market units, due to their heavyweight. This is further restraining the growth in the global market.
Opportunity
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Increase in demand for racing bikes coupled with growing number of racing bike events.
Increase in demand for racing bikes coupled with growing number of racing bike events will eventually supports the demand for racing motor bike seat unit market. Moreover, these seats have high demand in aftermarket sales as these bikes are used for off-road application (more tear-off) that will likely drive the demand for aftermarket for racing motor bike seat market unit. However, high cost of these bike would restraint the demand of Racing Motor Bike Seat Unit Market.
Challenges
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Impeding the Growth in the Global Racing Motor Bike Seat Unit Market
Increasing shift in consumer preference towards cars for traveling, due to growing concerns regarding safety and rising motorcycle accidents due to over speeding is dampening the sales of racing bikes, which is in turn, hindering the demand for racing motor bike seat market units.
Racing Motor Bike Seat Market Segmentation
By Product Type
- Vinyl
- Leathers
- Artificial Leather
By Seat Height
By Bike Type
- Lightweight Racing Bike
- Middle Weight Racing Bike
- Super Bike
By Sales Channel
Racing Motor Bike Seat Market Regional Analysis
North America is forecast to exhibit robust growth in the global racing motor bike seat market between 2022 and 2032. There is a swift rise number of bike racing events and biking fests across North America such as Daytona Bike Week, Sturgis Motorcycle Rally, Motorcycle Grand Prix (MotoGP), Bama Bike Fest, and many others. Furthermore, due to the increasing recreational activities related to sports bikes and growing trends of adopting superbikes among the millennials, there is robust growth in sales of racing bikes across the countries such as the U.S. and Canada. This is projected to drive the demand for racing motor bike seat market in the North America. Leading bike manufacturers are increasingly emphasizing on introducing novel sports and racing bikes with innovative features to capitalize on the trend of growing bike racing activities. For instance, in 2021, BMW, a German multinational corporate manufacturer of motorcycles market and luxury vehicles announced introducing two new sports bikes, BMW R 1250 GS and BMW R 1250 GS Adventure, with advanced features such as heated seats, dynamic brake assistance, electronically adjustable suspension, and others. This rise in new sport bike launches with novel high-performance seats is projected to bolster the sales of racing motor bike seat market in the Western Europe market.
Racing Motor Bike Seat Market Competitive Landscape
The global Racing Motor Bike Seat market is expected to showcase healthy growth throughout the forecast period. The global market represents strong numbers in terms of consumption and is expected to grow year on year. The global Racing Motor Bike Seat market is highly fragmented, with a majority presence of tier-1 players.
Some of the key players operating in the global Racing Motor Bike Seat market are
- LePera Enterprises,
- Raceseats,
- Saddlemen,
- ROLAND SANDS DESIGN, INC.,
- Corbin-Pacific Inc,
- Mustang Seats,
- XPC Racing,
- Triple K Upholstery,
- Renazco Racing Dual Sport Seats,
Some of the key developments include:
- June 2022: Trinity Highway Products LLC, a global supplier of commercial highway products, will change its name to Valtir LLC. The rebranding signals one of the final steps in Trinity Highway Products’ transition to a standalone company following its acquisition by Monomoy Capital Partners in 2021.
- March 2022: Corbin develop a seat for the latest generation of Honda’s mini-moto.
- In January 2022, Monomoy Acquired Artesian Spas and Marquis to Form a Leading Pool and Spa Wellness Platform. Artesian and Marquis manufacture portable hot tubs, swim spas and related accessories for the residential market in North America and Europe. The combination of the two businesses creates a multi-branded hot tub and swim manufacturer with a broad product portfolio and expansive dealer network.
Racing Motor Bike Seat Market Report Overview:
The Racing Motor Bike Seat market is segmented by propulsion type, vehicle type, charging type and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Racing Motor Bike Seat market emerging and fast-growing segments, regions, and countries.
Objectives of the Study
- To get a comprehensive overview of the global Racing Motor Bike Seat market
- To get wide-ranging information about the key factors driving the market and market opportunities
- To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments
- To gain insights about the key country/region in which the market is growing
Intended Audience
| Report Attribute/Metric |
Details |
| Market Size |
2030: USD 8,000 Million |
| CAGR |
5% CAGR (2022-2030) |
| Base Year |
2021 |
| Forecast Period |
2022-2030 |
| Historical Data |
2020 |
| Forecast Units |
Value (USD Million) & Volume (Million Tons) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Product Type, Seat Height, Bike Type, Sales Channel |
| Geographies Covered |
North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa |
| Key Vendors |
LePera Enterprises, Raceseats, Saddlemen, ROLAND SANDS DESIGN, INC., Corbin-Pacific Inc, Mustang Seats, XPC Racing, Triple K Upholstery, Renazco Racing Dual Sport Seats, and others. |
| Key Market Opportunities |
• Increase in demand for racing bikes coupled with growing number of racing bike events. |
| Key Market Drivers |
• Creating Growth Opportunities in the Racing Motor Bike Seat |
Racing Motor Bike Seat Market Highlights:
Frequently Asked Questions (FAQ) :
The global Racing Motor Bike Seat market would register a growth of 5%.
The Automotive industry will play a prominent role in taking the market forward.
High cost of • Racing Motor Bike Seat is shifting the end-users towards the alternatives.
North America would enjoy the upper hand in the Racing Motor Bike Seat market.
US and Canada as the largest consumer, would set the trend.
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