Riding the Revenue Wave: Motorcycle Filter Market to Reach $5.9...

Riding the Revenue Wave: Motorcycle Filter Market to Reach $5.9 Billion by 2033

Posted 2024-05-08 19:57:34

Over the next 10 years, the global Motorcycle Filter Market is expected to grow at a compound annual growth rate of 5.3%. By the end of 2033, it is expected to be valued US$ 5.9 billion. According to this survey by market research and competitive intelligence company Fact.MR, Asian nations like China and India are expected to lead global market growth over the next ten years.

The rising employment rates in South American and Asian economies have increased the disposable income of the local population, which has increased motorbike sales. Two-wheelers are a favorite mode of transportation in developing nations due to their low costs and simplicity of usage, which also presents prospects for motorcycle filter suppliers.

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Key Segments of Motorcycle Filter Industry Research Report:

Growing focus on sustainability and the growing availability of electric vehicles are projected to be key challenges that motorcycle filter companies will need to tackle if they want to stay relevant in the future. The increasing fuel prices are pushing consumers towards electric vehicles, which is hurting the sales of motorcycle filters and if companies do not take adequate steps to mitigate risks in the future they might find themselves in a very difficult situation by the end of 2033.

Key Takeaways from Market Study:

The global motorcycle filter market stands at US$ 3.5 billion in 2023.
Demand for motorcycle filters is projected to rise at a CAGR of 5.3% from 2023 to 2033.
The global market is anticipated to reach US$ 5.9 billion by 2033.
Increasing urbanization, growing world population, rising disposable income of the middle-class population, and growing sales of motorcycles are prime market drivers.
Rising popularity of electric vehicles is estimated to be a major threat to motorcycle filter companies in the future.
Asia Pacific accounts for more than 70% share of the global market in 2023.
More than 60% of motorcycle filter sales are anticipated to be from independent aftermarket (IAM) channels by the end of 2033.

“Motorcycle filter manufacturers need to focus on boosting their sales revenue from developed economies to maximize their profitability in the global competitive landscape,” says a Fact.MR analyst

Winning Strategy:

Motorcycle filter producers should focus on product innovation to stay relevant in the global marketplace. Companies should opt for different organic and inorganic marketing strategies that can help them improve their sales potential across the world.

Key Companies Profiled:

NAPA Filters, SIMOTA, Mann+Hummel, Pipercross Performance Filters, K & N Engineering Inc., BMC Srl, Uni Filter Inc., Roki Co. Ltd., DNA Filters, Solat International Trading Co. Ltd., MAHLE GmbH

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Market Competition:

Leading motorcycle filter producers are prioritizing the introduction of fresh offerings to enhance their sales prospects and strengthen their position in the worldwide market.

Uni Filter, an Australian provider of filters for both automobiles and motorcycles, unveiled their latest air filters in January 2023. The recently introduced O2Rush air filter represents a single-stage performance filter engineered to deliver superior filtration and airflow.
In April 2023, FRAM, a well-known American brand specializing in automotive replacement parts, revealed the introduction of their new synthetic oil filter. This innovative FRAM Synthetic oil filter was exclusively accessible at Walmart retail outlets across the United States.

What Opportunities Await Motorcycle Filter Companies in European Countries?

European countries boast some of the most stunning landscapes and scenic touring routes globally, making them a magnet for motorcycle touring enthusiasts. Anticipated growth in motorcycle filter sales is expected, particularly among motorcycle enthusiasts in European nations like the United Kingdom, Germany, and France.

Furthermore, the enforcement of rigorous emission regulations and noise pollution directives across European countries to encourage sustainability is projected to drive the demand for motorcycle air filter and oil filter replacements in the foreseeable future.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global motorcycle filter market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the market based on filter type (fuel filters, oil filters, intake air filters), filter media (cellulose, synthetic), and sales channel (OEMs, OESs, IAMs), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).