Two Wheeler Backrest Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186745
  • Format: Electronic (PDF)
  • Number of Pages: 179
  • Author(s): Joshi, Madhavi

Report Overview

The Two Wheeler Backrest Market size was estimated at USD 520 million in 2023 and is projected to reach USD 850 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2024-2030).

Two Wheeler Backrest Market

(Market Size)
$520 million
$850 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.80%
2023 Market Size USD 520 million
2030 Market Size USD 850 million
Key Players Mustang, Corbin, Saddlemen, Backrest, Utopia

Market Summary

The two wheeler backrest market is a specialized segment within the broader automotive aftermarket industry, catering to the demand for enhanced rider and passenger comfort and safety. This market encompasses the manufacturing, distribution, and sale of backrests designed for various types of two-wheelers, including motorcycles, scooters, and mopeds. These components are integral for providing lumbar support, reducing fatigue on long rides, and improving overall riding ergonomics. The market is driven by a growing consumer preference for customized and accessory-rich vehicles, alongside increasing disposable incomes in emerging economies. Key players in this space focus on product innovation, utilizing advanced materials like lightweight aluminum and high-strength polymers to offer durable and aesthetically pleasing solutions. The market is characterized by a mix of OEM and aftermarket sales channels, with a significant portion of demand stemming from the replacement and upgrade segment. Geographically, the market shows varied growth patterns, with high adoption in regions with strong two-wheeler culture and touring activities. The competitive landscape is fragmented, with numerous regional and global players vying for market share through strategies like product diversification and strategic partnerships.

Key Highlights

The two wheeler backrest market is distinguished by several key factors that underscore its dynamic nature and growth potential. A primary highlight is the increasing integration of advanced materials and technologies, such as shock-absorbing mechanisms and quick-release systems, which enhance functionality and user convenience. Another significant aspect is the rising trend of motorcycle tourism and long-distance touring, which directly fuels demand for comfort-enhancing accessories like backrests. The market also benefits from the growing customization culture among two-wheeler enthusiasts, who seek to personalize their vehicles for both style and comfort. Furthermore, stringent safety regulations and standards in various regions are prompting manufacturers to develop products that not only provide comfort but also contribute to rider safety by improving posture and stability. The expansion of e-commerce platforms has made these products more accessible to a global audience, facilitating easier comparison and purchase. Additionally, collaborations between backrest manufacturers and two-wheeler OEMs are becoming more common, leading to factory-fitted options that appeal to a broader consumer base. These highlights collectively indicate a market that is responsive to consumer trends and technological advancements.

Drivers, Opportunities & Restraints

The growth of the two wheeler backrest market is propelled by several drivers, including the increasing global two-wheeler parc and the rising consumer emphasis on riding comfort and safety. The proliferation of long-distance commuting and recreational touring activities is a significant driver, as riders seek accessories that mitigate fatigue and enhance the overall experience. Opportunities abound in the development of innovative, multifunctional backrests that integrate features such as luggage racks or built-in lighting, catering to the evolving needs of consumers. The expanding aftermarket in emerging economies presents a substantial growth avenue, driven by rising disposable incomes and a growing middle class. However, the market faces restraints such as the high cost of advanced backrest systems, which can deter price-sensitive consumers. Economic fluctuations and volatility in raw material prices also pose challenges to market stability. Additionally, the availability of low-quality counterfeit products in some regions can hinder the growth of genuine, high-quality offerings. Despite these restraints, the market's trajectory remains positive, supported by continuous product innovation and increasing consumer awareness.

Concentration Insights

The two wheeler backrest market exhibits a varied concentration pattern, with key players and manufacturing hubs located predominantly in regions with strong automotive industries. Asia Pacific is a significant concentration area, owing to its large two-wheeler production and consumption bases, particularly in countries like India, China, and Thailand. North America and Europe also represent concentrated markets, characterized by high demand for premium and customized accessories due to a mature two-wheeler culture and higher per capita income. The market is relatively fragmented, with numerous small and medium-sized enterprises operating alongside established players, leading to intense competition. Companies such as Mustang Seats, Grasshopper Limited, and Utopia Products hold notable market shares, leveraging their brand reputation and extensive distribution networks. Concentration is also evident in specific product segments, such as touring backrests, which are highly popular in regions with well-developed motorcycle touring routes. Strategic alliances and mergers and acquisitions are common strategies employed by companies to strengthen their market presence and expand their geographical footprint.

Type Insights

The two wheeler backrest market is segmented by type into various categories, including rider backrests, passenger backrests, and combination units. Rider backrests are designed to provide lumbar support to the driver, reducing back strain during long rides and improving riding posture. These are often adjustable and can be integrated into the seat or mounted separately. Passenger backrests focus on enhancing comfort for pillion riders, offering stability and security, and are commonly found on touring and cruiser motorcycles. Combination units integrate both rider and passenger backrests, often as part of a complete seating system, and are popular in premium segments. Materials used in manufacturing vary from traditional steel and leather to advanced composites and polymers, catering to different aesthetic and functional preferences. The design and ergonomics of these backrests are continually evolving, with manufacturers focusing on lightweight, durable, and aesthetically pleasing products. Customization options, such as color matching and upholstery choices, are also significant trends, appealing to consumers looking to personalize their vehicles.

Application Insights

In terms of application, the two wheeler backrest market serves a diverse range of two-wheeler types, including motorcycles, scooters, and mopeds. Motorcycles represent the largest application segment, particularly cruiser and touring models, where long-distance comfort is paramount. Backrests for these applications are often robust, featuring advanced adjustability and integration with other accessories like sissy bars or luggage racks. Scooters, increasingly used for urban commuting, are seeing growing demand for backrests that enhance rider comfort during daily use, with designs that are sleek and compact to maintain the vehicle's aesthetic. Mopeds, though a smaller segment, also contribute to market demand, especially in regions where they are popular for short-distance travel. Additionally, application insights reveal a trend towards universal fitment options that cater to a wide range of models, as well as model-specific designs that offer perfect integration and enhanced functionality. The aftermarket segment dominates applications, as consumers often add backrests post-purchase, though OEM fittings are gaining traction, particularly in high-end models.

Regional Insights

Regionally, the two wheeler backrest market demonstrates distinct patterns influenced by cultural, economic, and regulatory factors. Asia Pacific leads in terms of market size, driven by high two-wheeler adoption in countries like India, Indonesia, and Vietnam, where motorcycles are a primary mode of transportation. The region's growing affinity for touring and customization further bolsters demand. North America shows strong demand for premium backrests, particularly in the United States and Canada, where cruiser and touring motorcycles are popular, and consumers prioritize comfort and accessories. Europe follows a similar trend, with countries like Germany, France, and the UK exhibiting robust markets due to well-established motorcycle cultures and high disposable incomes. Latin America and the Middle East and Africa are emerging regions, with growth fueled by increasing two-wheeler sales and rising awareness of rider comfort. Each region has its regulatory environment affecting product standards and safety requirements, influencing local manufacturing and import dynamics. The regional insights highlight the importance of tailored strategies to address diverse consumer preferences and market conditions.

Company Insights

The competitive landscape of the two wheeler backrest market includes several key players who dominate through innovation, quality, and strategic initiatives. Prominent companies such as Mustang Seats are renowned for their high-quality, comfortable backrests often featured on cruiser motorcycles. Grasshopper Limited is another significant player, known for its durable and aesthetically pleasing designs that cater to both OEM and aftermarket segments. Utopia Products specializes in universal and model-specific backrests, emphasizing ease of installation and ergonomic benefits. Other notable participants include Corbin-Pacific and Backrest Engineering, which focus on premium, custom-fitted solutions. These companies invest heavily in research and development to introduce products with enhanced materials and features, such as memory foam padding and advanced mounting systems. Strategic partnerships with two-wheeler manufacturers and distributors are common, helping to expand market reach. Additionally, many players engage in online sales and marketing to tap into the growing e-commerce trend. The market also sees participation from regional manufacturers who cater to local preferences and price points, adding to the competitive diversity.

Recent Developments

Recent developments in the two wheeler backrest market reflect a trend towards innovation and expansion. Companies are increasingly focusing on sustainable materials, such as recycled polymers and eco-friendly upholstery, to appeal to environmentally conscious consumers. Technological integrations, including smart backrests with built-in sensors for posture monitoring, are emerging, though still in nascent stages. There has been a surge in collaborations between backrest manufacturers and two-wheeler OEMs to develop co-branded or factory-fitted options, enhancing product credibility and adoption. Market players are also expanding their distribution networks, particularly in emerging economies, through partnerships with local retailers and online platforms. Product launches have emphasized modular designs that allow for easy customization and upgrades, catering to the demand for personalized accessories. Additionally, companies are investing in enhancing their online presence with virtual try-on tools and detailed fitting guides to improve consumer experience. These developments indicate a market that is adapting to changing consumer preferences and leveraging technology for growth.

Report Segmentation

This report on the two wheeler backrest market offers a detailed segmentation to provide comprehensive insights into various aspects of the industry. The market is segmented by type, distinguishing between rider backrests, passenger backrests, and combination systems, each analyzed for their market share and growth prospects. Application segmentation covers motorcycles, scooters, and mopeds, highlighting demand patterns across different vehicle types. Geographical segmentation includes regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with country-level analysis for key markets. The report also segments the market by sales channel, dividing into OEM and aftermarket, to understand distribution dynamics. Material segmentation explores products made from metal, polymer, leather, and composites, assessing their popularity and performance. Each segment is evaluated based on factors like consumer preference, technological adoption, and regulatory impact, providing stakeholders with actionable intelligence. The segmentation approach ensures a granular analysis, aiding in strategic decision-making and market positioning.

FAQs

What are the benefits of using a two wheeler backrest? Two wheeler backrests provide significant ergonomic benefits by offering lumbar support, which reduces rider and passenger fatigue during long journeys. They enhance comfort by promoting a better riding posture, thereby minimizing back strain. Additionally, backrests contribute to safety by improving stability and balance, especially for passengers, making them a valuable accessory for touring and daily commuting.

How to choose the right backrest for a motorcycle? Selecting the appropriate backrest involves considering factors such as the type of motorcycle, whether it is for the rider or passenger, and the desired material and design. Compatibility with the bike model is crucial, and consumers should look for products that offer easy installation and adjustability. It is also important to consider the intended use, such as touring or urban commuting, to ensure the backrest meets specific comfort and functional requirements.

Can backrests be installed on any two-wheeler? While many backrests are designed as universal fit, not all are compatible with every two-wheeler model. It is essential to check product specifications and compatibility guides provided by manufacturers. Some backrests are model-specific, requiring precise mounting points, whereas universal options may need additional adapters. Consulting with experts or referring to installation manuals can help ensure proper fitment.

What materials are commonly used in two wheeler backrests? Common materials include steel and aluminum for frames due to their strength and durability, while padding often involves high-density foam or gel for comfort. Upholstery options range from synthetic leather and vinyl to genuine leather, offering varying levels of aesthetics and weather resistance. Advanced composites are also used in premium segments for lightweight and robust construction.

Are there backrests designed for specific motorcycle types? Yes, backrests are often tailored for specific motorcycle types such as cruisers, tourers, sport bikes, and scooters. Cruiser and touring models typically feature larger, more supportive backrests integrated with sissy bars, while sport bike versions are sleeker and more minimalistic. Scooter backrests focus on compact design and urban functionality, reflecting the diverse needs of different riding styles.

How does a backrest improve safety on two-wheelers? Backrests enhance safety by providing additional support that helps maintain proper riding posture, reducing the risk of fatigue-related errors. For passengers, they offer stability, preventing sliding during acceleration or braking. Some designs also incorporate reflective elements or mounting points for luggage, indirectly contributing to safety by improving visibility and load security.

Citius Research has developed a research report titled “Two Wheeler Backrest Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Two Wheeler Backrest Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Two Wheeler Backrest Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Two Wheeler Backrest Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Two Wheeler Backrest Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Two Wheeler Backrest Market
• Research Methodology
• Executive Summary
• Market Dynamics of Two Wheeler Backrest Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Two Wheeler Backrest Market
• Cost and Gross Margin Analysis of Two Wheeler Backrest Market
• Two Wheeler Backrest Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Two Wheeler Backrest Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Two Wheeler Backrest Market Key Stakeholders

Below are the key stakeholders for the Two Wheeler Backrest Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Two Wheeler Backrest Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Two Wheeler Backrest Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Two Wheeler Backrest Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Two Wheeler Backrest Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Two Wheeler Backrest Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Two Wheeler Backrest Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Two Wheeler Backrest Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Two Wheeler Backrest Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Two Wheeler Backrest Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Two Wheeler Backrest Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Two Wheeler Backrest Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Two Wheeler Backrest Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Two Wheeler Backrest Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Two Wheeler Backrest Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Two Wheeler Backrest Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Two Wheeler Backrest Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Two Wheeler Backrest Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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