Global Motorcycle Slip-on Exhaust System Market to Reach 21.6 Million Units by the Year 2027
Amid the COVID-19 crisis, the global market for Motorcycle Slip-on Exhaust System estimated at 7.3 Million Units in the year 2020, is projected to reach a revised size of 21.6 Million Units by 2027, growing at a CAGR of 16.8% over the analysis period 2020-2027.Aluminum, one of the segments analyzed in the report, is projected to grow at a 18.3% CAGR to reach 9.8 Million Units by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbon Fiber segment is readjusted to a revised 17.1% CAGR for the next 7-year period. This segment currently accounts for a 26.1% share of the global Motorcycle Slip-on Exhaust System market.
The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 21.9% CAGR for the Period of 2020-2027
The Motorcycle Slip-on Exhaust System market in the U.S. is estimated at 2.1 Million Units in the year 2020. The country currently accounts for a 28.76% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 4.4 Million Units in the year 2027 trailing a CAGR of 21.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.2% and 15% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR while Rest of European market (as defined in the study) will reach 4.4 Million Units by the year 2027.
Titanium Segment Corners a 10.9% Share in 2020
In the global Titanium segment, USA, Canada, Japan, China and Europe will drive the 14.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of 599.4 Thousand Units in the year 2020 will reach a projected size of 1.6 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 3.5 Million Units by the year 2027, while Latin America will expand at a 17.5% CAGR through the analysis period. We bring years of research experience to this 7th edition of our report. The 185-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Cobra Engineering, Inc.
- FMF Racing
- Graves Motorsports
- M4 Exhaust Systems
- Two Brothers Racing, Inc.
- VooDoo Industries LLC
- Yoshimura Japan Co., Ltd.