Motorcycle Suspension Market Overview
MMR published a report on the Motorcycle Suspension market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.
A motorcycle’s suspension has two purposes: it increases the bike’s handling and braking performance and protects its occupants from vibrations, bumps, and road noise. One important and successful strategy for motorcycle suspension system market participants is to enter into long-term direct sales-supply agreements with auto manufacturers. One of the few obvious parts that is increasingly becoming a deciding factor when purchasing a motorcycle is the suspension system.
Growth of the Motorcycle Suspension Market
Motorcycle Suspension Market was valued at USD 1.71 Bn. in 2022, and it is expected to reach USD 2.36 Bn. by 2029, exhibiting a CAGR of 4.7% during the forecast period (2023-2029)
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Motorcycle Suspension Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Motorcycle Suspension market. It offers a thorough examination of the competitive environment in the Motorcycle Suspension market, taking into account the main players’ business plans. A list of the major rivals of Motorcycle Suspension is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Motorcycle Suspension sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Motorcycle Suspension market.
The size of the worldwide and regional Motorcycle Suspension markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Motorcycle Suspension production process. In order to comprehend the Motorcycle Suspension market at both the macro and micro levels, it also contains Porter’s and PESTLE analysis in addition to market attractiveness.
Growth of the Motorcycle Suspension Dynamics:
Market expansion is anticipated to be significantly fueled by new and better suspension system designs. Improving suspension designs have helped manufacturers enhance vehicle performance as a result of rising road safety awareness and consumer demand for more comfort when riding. Among the top priorities for producers is the creation of lightweight suspension systems. For instance, Showa replaced the entire cartridge fork assembly with a new two-blending-valve front fork suspension system. The inexpensive mixing valve reduces the total weight of the suspension system by approximately 250 grammes while offering performance that is on par with cartridge type assemblies.
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
by Motorcycle Type
Standard
Cruiser
Sports
Scooter
Mopeds
Others
The most common product type is anticipated to be mono shock rear suspension systems due to its superior stability and manoeuvrability over dual shock suspensions. About 60% of two-wheelers have rear suspension systems with mono shocks installed. Rear suspension systems are predicted to have 57.1% of the market share in 2022 and be valued USD 986.3 million. With a 200cc engine and a mono shock with a 10-step adjustable gas-charged rear suspension measuring 170mm and a telescopic front suspension measuring 190mm, Hero Motocorp debuted the Xpulse 200 motorcycle in the Indian market in 2019.
The market is expanding more quickly due to the growing demand for vehicles with extra features and bespoke engineering across a range of industries. Developed nations like the United States and Japan are pushing the trend of personalising cars. The increasing trend of vehicle customisation in developed countries is stimulating the aftermarket, which in turn is indirectly driving the rise in demand for automotive seat warmers. A volume compound annual growth rate (CAGR) of 3.7% is projected for the replacement/aftermarket category between 2022 and 2029. It is anticipated that aftermarket sales of suspension systems will increase as a result of increased suspension replacement rates brought on by subpar road conditions in certain nations. Aftermarket parts are less expensive than original equipment manufactured by that company.
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Motorcycle Suspension Market Key Players:
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
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Motorcycle Suspension market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Key Questions answered in the Motorcycle Suspension Market Report are:
- What is the expected Motorcycle Suspension market size by 2030?
- What will be the CAGR of the Motorcycle Suspension market during the forecast period?
- Which segment held the largest share in the Motorcycle Suspension market?
- How is the competitive scenario of the Motorcycle Suspension market?
- Which are the key factors driving the Motorcycle Suspension market growth?
- What are the factors restraining the Motorcycle Suspension market growth?
- Which region holds the maximum share in the Motorcycle Suspension market?
- Who are the key players in the Motorcycle Suspension market?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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