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Motorcycle Airbag Jacket Market: Current Analysis and Forecast (2024-2032)
Emphasis on By Product (Airbag Jacket, Airbag Vest); By Type (Polyester Fabric, Nylon Fabric, Others), By Application (Professional, Amateur), and Regions (North America (The US, Canada, Rest of North America), Europe (Germany, The UK, France, Italy, Spain, Rest of the Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World)
Global Motorcycle Airbag Jacket Market Size & Forecast
The Global Motorcycle Airbag Jacket market was valued at USD 255 million in 2023 and is expected to grow at a strong CAGR of around 17.44% during the forecast period (2024-2032) owing to rising demand for rider protection equipment across the globe.
Global Motorcycle Airbag Jacket Market Analysis
The global motorcycle airbag jackets market is expected to flourish with a larger number of motorcyclists raising their concerns for safety. Motorcyclists include advanced protective garments that will reduce the risk of serious injury during a crash with airbags. Unlike traditional protective gear, the airbag jacket adopts soft cushions at critical areas such as neck, chest, back, and torso with bags being deployed milliseconds after an impact is detected. This growth in the frequency of motorcycle accidents from around the world, especially in regions like Southeast Asia, Europe, and North America, makes demand for these types of safety innovations move further up. More and more, smart technologies such as sensors, accelerometers, and GPS are adding their feathers on the cap of airbag jackets. All these factors at the backdrop of enhancing consumer awareness about safety will add-up to the market's rising expansion. Moreover, with burgeoning demand for better rider protection, the global motorcycle airbag jackets market is expected to continue into its evolution and growth over the years.
The Global Motorcycle Airbag Jacket market was valued at USD 255 million in 2023 and is expected to grow at a strong CAGR of around 17.44% during the forecast period (2024-2032). The market for Airbag Jacket globally has grown steadily over the years. This is due to the raising assumption of almost all the advanced protective equipment required to strictly high-risk activities such as motorcycling and motorsports. Airbag jackets are designed to inflate on impact, protecting vital areas including chest, back, and neck, thus enhancing safety to the riders. Most riders prefer these jackets, as it is proven that with their use, injuries are less severe in accident cases. Thus, making them an important part of safety gear for professional and recreational riders alike. Road safety awareness and increased numbers of motorcycle-related accidents have been major driving forces behind this booming market.
Rider safety concerns are the driving force behind the soaring popularity of airbag jackets among motorcyclists. It has led the manufacturers to research continuously and develop smart technologies such as sensors, accelerometers, and real-time connectivity to make the airbag more responsive and reliable. In 2023, big names like Alpinestars and Dainese launched fresh models that have been designed keeping faster inflation times and lightweight features that enable the brands to penetrate a wider consumer market with their introduction. With the increasing users of motorcycles, and resulting extra people being interested in motorcycle sports, the demand for advanced safety gear such as airbag jackets will be increased and made the market even stronger.
Considering all the changes such as the government support and rising technological advancements are further anticipated to promote the demand for the Motorcycle Airbag Jacket during 2024-2032.
Global Motorcycle Airbag Jacket Market Trends
This section discusses the key market trends that are influencing the various segments of the Global Motorcycle Airbag Jacket Market as identified by our team of research experts.
Integration with Smart Technologies
Motorcycle airbag jackets and vests are now being integrated with smart technologies into what's considered the latest development in the market. Manufacturers are embedding more sensors and accelerometers and GPS systems into these airbag jackets and vests to make these products more functional and safer. These smart features can detect the sudden movement, like the fall or crash, and trigger the airbag system to deploy within milliseconds. Thus, immediately providing protection to the rider. Some of these airbag jackets have Bluetooth which can allow the jackets to be integrated with a smartphone or other devices for some real-time data tracking-the insights into rider behaviors and even alerts for performance or emergencies would increase safety for the rider.
Besides, smart airbag systems would book a place along with the vehicle systems, thus leaving the airbag jacket of an accident-prone cyclist without the need for any manual activation upon collision detection. This will ensure that the airbag jackets or vests are much safer but increasingly intelligent and responsive to where the market is heading. Considering all the shifts the integration of smart technologies in the jackets would be a crucial factor which would help ease the riding of motorcycles and help build a robust demand for the Motorcycle Airbag Jacket market during 2024-2032.
North America is Expected to Hold Major Market Share During Forecast Period
The North American motorcycle airbag-jacket market is booming because of the increased awareness about safety among motorcyclists and the regulatory support for protective gear. Besides, the increasing popularity of motorcycling in the U.S. and Canada has contributed to the increasing adoption of safety solutions. Airbag jackets have become a preferred choice, as these protect the motorcycle rider's torso, neck, and spine and other upper body parts in case of a high-impact slashes.
An increase in innovation in airbag technologies has led to the manufacture of lighter and more comfortable jackets, while injurious performances have been limited to very high efficacy levels. Additional engines for growth include increasing concern about rising accident incidences while riding motorcycles and the availability of high-end motorcycles, both of which drive the demand for a better class of safety equipment. Furthermore, government regulations concerning safety standards and crash testing combine to provide the backbone for such developments. Top manufacturers are working on better designs to jackets that include the newest materials and improved airbag systems to guarantee superior safety, comfort, and style.
Considering all the shifts the demand for Motorcycle Airbag Jacket would further grow during 2024-2032.
Global Motorcycle Airbag Jacket Industry Overview
The Global Motorcycle Airbag Jacket market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Alpinestars, Bering Moto, Dainese S.p.A, Helite Moto, Ixon SAS, KTM AG, MOTOAIRBAG, Mugen Denko Co. Ltd., Polaris Inc., and Spidi Sport Srl.
Global Motorcycle Airbag Jacket Market News
In 2024, Alpinestars launched TECH-AIR® MX airbag system across the globe. The jacket comes with compact chest protector and advanced protection for upper body.
Global Motorcycle Airbag Jacket Market Report Coverage
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
Customization Options:
The Global Motorcycle Airbag Jacket market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to connect with us to get a report that completely suits your requirements.
Table of Content
Research Methodology for the Global Motorcycle Airbag Jacket Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Global Motorcycle Airbag Jacket market were the three major steps undertaken to create and analyze the adoption of Global Motorcycle Airbag Jacket in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the Global Motorcycle Airbag Jacket market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Global Motorcycle Airbag Jacket market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Global Motorcycle Airbag Jacket market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as By Product, By Type, and By Application. Further regional/country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Global Motorcycle Airbag Jacket market. Further, we conducted factor analysis using dependent and independent variables such as By Product, By Type, and By Application in the Global Motorcycle Airbag Jacket market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Global Motorcycle Airbag Jacket market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Motorcycle Airbag Jacket market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors, including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the Global Motorcycle Airbag Jacket market across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the Global Motorcycle Airbag Jacket market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global Motorcycle Airbag Jacket market. Data was split into several segments and sub-segments after studying various parameters and trends By Product, By Type, and By Application in the Global Motorcycle Airbag Jacket market.
The main objective of the Global Motorcycle Airbag Jacket Market Study
The current & future market trends of the Global Motorcycle Airbag Jacket market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Global Motorcycle Airbag Jacket market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas By Product, By Type, and By Application.
- Define and analyze the regulatory framework for global Motorcycle Airbag Jacket industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Global Motorcycle Airbag Jacket market for the major regions.
- Major countries of regions studied in the report include North America (The US, Canada, and Rest of North America), Europe (The UK, France, Germany, Italy, Spain, Rest of Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World
- Company profiles of the Global Motorcycle Airbag Jacket market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the Global Motorcycle Airbag Jacket market?
The Global Motorcycle Airbag Jacket market was valued at USD 255 Million in 2023 and is expected to grow at a CAGR of 17.44% during the forecast period (2024-2032).
Q2: What is the driving factor for the growth of the Global Motorcycle Airbag Jacket market?
Increasing motorcycle accidents and safety concerns is one of the key driving factor for growth.
Q3: Which segment has the largest share of the Global Motorcycle Airbag Jacket market by Product?
Airbag Jackets segment has the largest share of the Global Motorcycle Airbag Jacket market by Product.
Q4: Which region will dominate the Global Motorcycle Airbag Jacket market?
North America is expected to dominate the market during the forecast period.
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