India Superbike Accessories Market to See a New Dawn: Says TechSci Research

Burnaby, Canada, March 17, 2012 --(PR.com)-- Superbikes are desired by all, irrespective of their age group. And more so, when an accessory can improve the performance of the machine and the comfort-ability of the rider, then it becomes an irresistible desire for the bike lovers. Superbike accessories are increasingly on the rise as buyers of these mean cult machines are with passing time, they have become an inseparable part of the buying decision of superbike buyers. Accessories could be further divided upon vehicle improvement parts and riding gear & accessories, where the contribution of both the divisions is vital to the overall sales proportion. Riding gear boasts the ego and performance of a rider giving him the comfort and the satisfaction. Where performance aspect gives an increased joy and satisfaction to the rider, visual improvements offers a good treat for the eyes of both- the rider and the onlookers.

According to recently published report by TechSci Research, “India Premium Motorcycles Market Forecast & Opportunities, 2017” - growing High Net worth Individual(HNI) base and increasing superbike sales in India are the key drivers of the accessories market wherein, interestingly, non superbike owners are also contributing to the superbike accessory sales. A premium motorcycle owner such as of a Royal Enfield, may not be able to buy a Superbike such as Harley Davidson yet, he may buy a Harley Davidson riding jacket costing half a lakh rupee which is practically affordable and possible in the current Indian scenario. A number of sales proportions go to non superbike owners who are now active participants in the game of accessories coterie. “Superbike’s accessory sales are anticipated to witness a compounded annual growth rate(CAGR) of around 17% to reach whopping Rs.31.70 Crore mark by 2014 where it would capture a major revenue share of the superbike market sales revenue,” says Tarun Manglik, Automotive Analyst at TechSci Research.

Custom painted parts are the most expensive accessories in the market where a buyer may have to spend somewhere around Rs. 2.5 Lakhs for the visual improvements of the superbike which is available at most of the company customization superbike showrooms. However, lower range for the accessories could go to as low as few hundred rupees for small maintenance kits which are almost a necessity to upkeep the superbikes as per its maintenance standards.

“Premium Motorcycles Market Forecast & Opportunities in India, 2017” gives detailed and unprejudiced overview on the premium motorcycles or superbikes in India. This report helps reader to identify the ongoing trends in the industry and the anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultant, Superbike manufacturers and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.