Motorcycle Handle Grip Market Size, Share, Growth, And Industry Analysis, By Type (Ordinary Handle Grip and Senior Handle Grip), By Application (Commuting Motorcycle, Race Motorcycle and Other), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Motorcycle Handle Grip Market Report Overview

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global motorcycle handle grip market size was USD 612.8 million in 2022 and market is projected to touch USD 1161.90 million by 2031 at CAGR 7.4% during the forecast period.

A straightforward yet crucial component of the motorcycle is the handle grip. The market for motorcycle handle grips has been expanding quickly as a result of rising motorbike demand worldwide and increased public awareness of safety features. In order to grasp on firmly while travelling at high speeds or in slick weather, motorcycle handlebar grips are often made of plastic or rubber materials that have excellent friction qualities.

A number of factors are causing the motorcycle handle grip industry to expand. The need for aftermarket components, such as handle grips, has increased as motorbikes become more and more popular as a method of transportation and entertainment. Additionally, improvements in ergonomics, comfort, and vibration damping brought about by advances in grip technology have drawn riders seeking out more enjoyable riding experiences. The need for handle grips that are personalized and represent personal tastes has also increased as a result of the customization trend in the motorcycle industry. The market for motorcycle grips has expanded as a result of all these causes.

COVID-19 Impact: Reduction in Consumer Spending’s had a Negative Impact on the Demand for Luxuries

The handle grip industry has suffered as a result of the Covid-19 epidemic. First off, the pandemic-related slowdown in the world economy had reduced consumer spending, which had a negative impact on the demand for luxuries such as aftermarket accessories. During this time, many riders had placed a more priority on purchasing necessities than motorcycle grips. Additionally, delays and product shortages caused by lockdowns and restrictions had an impact on supply chains and manufacturing processes, reducing the supply of handle grips on the market. Overall, the pandemic's uncertain and difficult business environment has had a negative impact on the motorbike handle grip market.

Latest Trends

"Introduction of Smart Grips Allow Riders to Make Necessary Changes for a Safer and More Effective Ride"

The introduction of smart grips, which include sensors and communication capabilities, is the newest trend in motorcycle handle grips. These intelligent grips may collect information on a variety of topics, including riding style, performance, and environmental factors, and they can give the rider immediate feedback. Riders can then assess their riding patterns and make necessary changes for a safer and more effective ride. Additionally, as riders priorities environmentally responsible decisions more and more, eco-friendly and sustainable materials are growing in popularity.

Motorcycle Handle Grip Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into ordinary handle grip and senior handle grip.

• By Application Analysis

Based on application, the market can be divided into commuting motorcycle, race motorcycle and other.

Driving Factors

"Rising Motorcycle Ownership and Riding Population is Providing the Producer with a Sizable Customer Base"

The rising number of motorcycle owners and motorcycle riders is one of the key market-driving factors for handle grips for bikes. The need for motorcycle handle grips increases as more people adopt motorcycles as a source of transportation or for leisure activities. The demand for replacement grips, customization choices, and enhanced grips that improve comfort and performance has increased as the number of riders has increased. Motorcycle riders' growing market offers grip producers a sizable customer base.

"Growing Emphasis on Comfort and Ergonomics is Supporting the Grips Market Growth"

Riders are increasingly looking for handle grips that offer improved comfort during lengthy rides since comfort and ergonomics are vital to the riding experience. There is a considerable need for motorcycle grips with better vibration dampening, less hand strain, and a better grip. Manufacturers are addressing this desire by creating novel grip designs, utilizing materials that provide superior cushioning and grip, and adding ergonomic features. Riders priorities their riding experience and look for goods that improve it, which supports the motorcycle handle grip market growth.

Restraining Factors

"Availability of Inexpensive, Generic Handle Grips is Limiting the Growth of the Industry "

The availability of inexpensive, generic handle grips is one issue limiting the growth of the motorcycle handle grip industry. These generic grips are a common option for consumers who are concerned about costs since they are frequently less expensive and easily accessible. Given the competition from less expensive competitors, producing premium or specialized handle grips might be difficult. Furthermore, the availability of fake or imitation goods on the market might have an effect on the sales and market share of producers of real handle grips, further limiting market expansion.

Motorcycle Handle Grip Market Regional Insights

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"Strong Motorcycle Culture and High Rates of Ownerships are Piloting the Regional Market Expansion"

First of all, there are many people in the area, including many motorbike riders. Manufacturers of handle grips can reach a sizable market base owing to the strong motorcycle culture and high rates of motorcycle ownership in countries such as India, China, and Southeast Asian nations. The dominance of the Asia Pacific area in the motorcycle handle grip market share is also attributed to the existence of several well-known motorcycle manufacturers and the expanding aftermarket sector in nations including Japan, India, and China. These elements, along with the region's favorable demographics and market dynamics, make it a crucial market for suppliers and producers of motorcycle grips, establishing Asia Pacific as the leading region in the sector.

Key Industry Players

"Key Players Focus on Diversifying their Product Lines to Cater to the Evolving Tastes of Consumers"

The market for motorcycle handlebars is being dominated by players using a variety of tactics. In order to introduce novel grip designs that offer improved comfort, durability, and performance, they are concentrating on research and development. Manufacturers are diversifying their product lines to provide a variety of grip choices to suit the tastes of different riders. To raise awareness and develop a solid brand image, businesses are also spending on marketing and branding initiatives. To ensure a larger market reach and improved distribution networks, businesses are also forming strategic alliances with motorcycle manufacturers and distributors.

List of Market Players Profiled

• Harley-Davidson (U.S.)
• Hero MotoCorp (India)
• Grab on Grips (U.S.)
• KTM (Austria)
• UNO Minda (India)

Report Coverage

This report covers the motorcycle handle grip market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.