NEW
YORK, June 21, 2024 /PRNewswire/ -- The global
motorcycle airbag jacket market size is estimated to grow by
USD 193.3 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 15.41% during the forecast period. High
adoption rate of protective gear is driving market growth, with a
trend towards development of self-contained airbag jackets.
However, high purchasing cost limits adoption poses a
challenge. Key market players include Ixon.com, AIRVEST,
Alpinestars USA Inc., Autoliv
Inc., Bering Moto, CLOVER IT Srl, Dainese Spa, Ducati Motor Holding
S.p.A, Furygan, GIMOTO SRL, Helite Moto, Helite Sarl, HIT AIR,
Mugen Denko Co. Ltd., PIERER Mobility AG, Point Two Air Vests
USA, Polaris Inc., Spidi Sport
Srl, The Merlin Partnership Ltd., and Ubuy Co..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Airbag vest
and Airbag jacket), Type (Cord and Cordless), and Geography
(Europe, North America, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Ixon.com, AIRVEST,
Alpinestars USA Inc., Autoliv Inc., Bering Moto, CLOVER IT Srl,
Dainese Spa, Ducati Motor Holding S.p.A, Furygan, GIMOTO SRL,
Helite Moto, Helite Sarl, HIT AIR, Mugen Denko Co. Ltd., PIERER
Mobility AG, Point Two Air Vests USA, Polaris Inc., Spidi Sport
Srl, The Merlin Partnership Ltd., and Ubuy Co.
|
Key Market Trends Fueling Growth
Motorcycle airbag jackets have evolved with the integration of
sensors within the jacket, eliminating the need for bike
installation. Alpinestars' Tech-Air system is weatherproof,
independent, and offers instantaneous protection during crashes.
Its quick detection and inflation time make it valuable in
high-velocity sports. This advanced technology is expected to
enhance motorcycle rider safety and significantly grow the
motorcycle airbag jacket market.
The Motorcycle Airbag Jacket market is experiencing significant
growth with the integration of advanced safety technologies. These
jackets, equipped with airbags, are becoming increasingly popular
among motorcycle riders due to their ability to provide enhanced
protection in the event of a crash. The software technology used in
these jackets is crucial for detecting falls and deploying the
airbag in a timely manner. The convenience of motorcycle-specific
designs and the comfort of modular components are also key factors
driving the market. Additionally, the increasing awareness of road
safety and the availability of various models at affordable prices
are contributing to the trend.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- Motorcycle airbag jackets offer crucial protection against
upper torso injuries, yet their high price point, around
USD3,000 compared to USD450 for a regular leather jacket, limits their
widespread adoption. The absence of global standards and the need
for manufacturers to comply with various regional regulations
increase production costs, further hindering market growth during
the forecast period.
- The Motorcycle Airbag Jacket market faces several challenges.
Components such as sensors, electronics, and airbags require
advanced technology. Costing is a significant challenge as these
technologies are expensive. Safety standards and regulations also
pose challenges in design and manufacturing. Additionally, consumer
acceptance and awareness of motorcycle airbag jackets are
relatively low. The market is competitive with established players
and new entrants constantly emerging. Collaborations and
partnerships are essential to overcome these challenges and drive
innovation in the Motorcycle Airbag Jacket industry.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This motorcycle airbag jacket market report extensively covers
market segmentation by
- Product
- 1.1 Airbag vest
- 1.2 Airbag jacket
- Type
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Airbag vest- The Motorcycle Airbag Jacket
market is experiencing significant growth due to increasing
consumer awareness and prioritization of safety. These innovative
jackets offer enhanced protection through inflatable airbags,
deployed upon impact. Manufacturers continue to invest in research
and development to improve functionality and design. The market is
expected to expand, driven by rising motorcycle sales and growing
demand for advanced safety technologies.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Motorcycle Airbag Jacket Market encompasses the sales of
advanced safety systems for motorcycle riders. Components such as
airbag modules, inflators, and sensors are integral to these
jackets and vests. Racing associations and bike taxi services have
been significant sales channels for these protective gears. Fabric
type plays a crucial role in ensuring impact protection during
collisions. Self-contained airbag jackets and vests have gained
popularity due to their ability to deploy independently. Software
failures in automotive electronics can pose challenges in the
manufacturing processes. Airbag jeans and vests offer customization
options for sports bike users. Initial investment costs for these
safety systems may be high, but the potential for saving lives
makes them a worthwhile investment. Sensor inputs from collision
detection systems are essential for the proper functioning of
airbag modules. Living standards and driver assistance are emerging
trends in the motorcycle airbag jacket market.
Market Research Overview
The Motorcycle Airbag Jacket Market represents a significant
advancement in motorcycle safety technology. These innovative
garments integrate airbag systems designed to protect riders from
various impacts. The components include sensors, electronics, and
airbags, all activated by specific conditions such as sudden
deceleration or impact. Materials used in their construction range
from high-performance textiles to advanced polymers, ensuring both
safety and comfort. The market for Motorcycle Airbag Jackets is
driven by increasing consumer awareness of road safety and the
desire for advanced protective gear. Additionally, regulatory
initiatives and technological advancements continue to fuel market
growth. The market encompasses various types of Motorcycle Airbag
Jackets, including those with back protectors, chest protectors,
and full-body coverage.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Airbag Vest
- Airbag Jacket
- Type
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio