Motorcycle Suspension Market Overview:
The global motorcycle suspension market, valued at USD 1.79 billion in 2023, is projected to witness substantial growth, reaching USD 2.46 billion by 2030, exhibiting a CAGR of 4.7% during the forecast period (2024-2030). The market is driven by increasing demand for comfort, road safety, and innovative suspension system designs, along with the rising popularity of motorcycles as a convenient mode of transportation in congested urban areas.
Motorcycle suspension systems play a crucial role in enhancing vehicle handling, braking, safety, and comfort by isolating occupants from road noise, bumps, and vibrations. The market is witnessing significant growth due to long-term sales-supply agreements with automobile OEMs and the increasing emphasis on suspension systems as a determining factor in motorcycle acquisition.
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Motorcycle Suspension Market Scope and Methodology:
The primary objective of the report is to offer a thorough evaluation of the Motorcycle Suspension market, with an emphasis on a strategy centered on the market. This includes grasping the dynamics of the Motorcycle Suspension market, major trends, factors driving growth, obstacles, and possible opportunities. Data is collected through both primary and secondary research methods. Interaction with key market players in the Motorcycle Suspension industry such as manufacturers, suppliers, vendors, consumers, and specialists via interviews and surveys is done to gather primary data. Secondary data is compiled from a variety of sources, including industry reports, market analysis, corporate websites, annual reports, trade journals, government publications, and databases.
The research provides a thorough examination of numerous business techniques used by leading organisations, including partnerships, mergers, acquisitions, and collaborations. The report evaluated the company’s market position using a SWOT analysis, which identified its strengths, weaknesses, opportunities, and threats. Methods such as assessing investment returns, conducting a feasibility study, and performing Porter’s five forces analysis were used to analyze the Motorcycle Suspension market. The sizes of the global and regional Motorcycle Suspension markets were calculated using the bottom-up approach.
Market Dynamics:
Rising Demand for Comfort and Road Safety: Manufacturers are focusing on innovative and lightweight suspension system designs to improve vehicle performance and enhance rider comfort. Advancements such as BMW Motorrad’s Duolever front suspension technology and Showa’s new two blending valve front fork suspension system are driving market expansion.
Increasing Consumer Preference for Motorcycles: Traffic congestion in urban areas is fueling the demand for motorcycles as a convenient mode of transportation. Rising fuel costs and the emergence of delivery service companies are driving market growth, particularly in the scooter segment.
Motorcycle Suspension Market Segmentation:
by Product Type
Front Suspension
Telescopic Fork
Others
Rear Suspension
Dual Shocks
Mono Shocks
Others
by Sales Channel
OEM
Aftermarket
by Technology
Passive
Active/Semi-active
Mono shock rear suspension systems are predicted to be the most popular product type due to its greater manoeuvrability and stability when compared to dual shock suspensions. Mono shock rear suspension systems are used on around 60% of two-wheelers. In 2023, the rear suspension systems product type sector is anticipated to be worth USD 986.3 million, accounting for 57.1% of the market. In 2019, Hero Motocorp introduced the Xpulse 200 motorbike to the Indian market, which included a 200cc engine and mono shock with a 10-step adjustable gas charged rear suspension measuring 170mm and a telescopic front suspension measuring 190mm.
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Motorcycle Suspension Market Competitive Landscape:
1. Bajaj Auto
2. Gabriel India Limited
3. Marzocchi Moto
4. FTR Suspension
5. ZF Friedrichshafen AG
6. Endurance Technologies Limited
7. SHOWA CORPORATION
8. Continental
9. KYB Corporation
10. Duro Shox Pvt Ltd
11. Bayerische Motoren Werke AG
12. Dah Ken Industrial Co. Ltd.
13. BMW Group
14. WP Suspension GmbH
15. Arnott LLC
16. Nitron Racing Shocks
17. Öhlins Racing
18. K-Tech Suspension Limited
19. ANAND Group
20. Progressive Suspension, Inc.
21. BMW Group
22. TFX Suspension Technology
23. BITUBO S.r.l.
Motorcycle Suspension Market Regional Insights
The report focuses on domestic factors to assess the status of the Motorcycle Suspension market in different countries across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Motorcycle Suspension market is intricately segmented into these well-defined regions, providing a thorough understanding of the demand’s makeup and the continuously changing factors in each geographical area.
Key questions answered in the Motorcycle Suspension Market are:
- What is Motorcycle Suspension?
- What was the Motorcycle Suspension Market size in 2023?
- What is the growth rate of the Motorcycle Suspension Market?
- Which are the factors expected to drive the Motorcycle Suspension Market growth?
- What are the upcoming opportunities and trends for the Motorcycle Suspension Market?
- Who are the leading companies and what are their portfolios in Motorcycle Suspension Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Motorcycle Suspension Market?
- Who are the key players in the Motorcycle Suspension Market?
- What are the different segments of the Motorcycle Suspension Market?
- Which is the fastest growing region in the Motorcycle Suspension Market?
- What growth plans are the players exploring for increasing their presence in Motorcycle Suspension?
- What is the CAGR at which the Motorcycle Suspension Market will grow over the predicted period?
- What segments are covered in the Motorcycle Suspension Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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