The Two-wheeler Shock Absorber by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Two-wheeler Shock Absorber, The two-wheeler shock absorber market size has grown strongly in recent years. It will grow from $3.17 billion in 2023 to $3.34 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to rise in disposable income, increase in government funding to improve vehicle safety, increased demand for motorcycles and rise in the number of road accidents in two-wheelers.
The two-wheeler shock absorber market size is expected to see strong growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rowing number of women riders, increasing population, and rising urbanization. Major trends in the forecast period include adjustable mono suspension shock absorbers, development of advanced dual suspension shock absorbers, use of hydraulic technology in motorcycle suspensions and innovative products with focus on improved performance and increased adjustment.
The increasing demand for motorcycles is expected to propel the growth of the two-wheeler shock absorber market going forward. Motorcycles refer to two-wheel vehicles used for travel and primarily as motorized personal transport. Two-wheeler shock absorbers provide control over the motorcycle movement suspension that ensures smoothened vibrations and bumps; as a result, increasing demand for motorcycles increases the need for the two-wheeler shock absorbers market. For instance, in February 2022, according to an article published by RevZilla, a US-based online motorcycle gear retailer Motorsport company, total motorcycle sales in the United States increased by 21.8% in 2021. Additionally, in November 2022, according to Zippia, a US-based career expert providing job recruitment services, the US bicycle sales increased to 52 million in 2022, with an approximate increase of 57% during 2020-2021. Therefore, the increasing demand for motorcycles drives the growth of the two-wheeler shock absorber market.
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The two-wheeler shock absorber market covered in this report is segmented –
1) By Type: Metal Spring, Hydraulic Dashpot, Pneumatic Cylinders, Self-Compensating Hydraulic, Rubber Buffer, Collapsing Safety Shock Absorbers
2) By Technology: Mono Suspension, Dual Suspension
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Technological innovations are a key trend gaining popularity in the two-wheeler shock absorber market. Major companies operating in the two-wheeler shock absorber market are introducing innovative products to sustain their position in the market. For instance, in June 2022, Öhlins Racing AB (Öhlins), a Sweden-based automotive industry company, launched the TTX22m.2 shock. The new and improved second iteration of the original TTX22m. This updated and enhanced product range with TTX technology provides greater bottom-out performance, improved fitting, and easier stroke adjustment specifically designed for the trail and downhill. The new bump rubber, in conjunction with the cup it rests in, functions as a second spring, loading and releasing energy to ensure the rider returns to position quickly and smoothly after a severe compression.
The two-wheeler shock absorber market report table of contents includes:
1. Executive Summary
2. Two-wheeler Shock Absorber Market Characteristics
3. Two-wheeler Shock Absorber Market Trends And Strategies
4. Two-wheeler Shock Absorber Market – Macro Economic Scenario
5. Global Two-wheeler Shock Absorber Market Size and Growth
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31. Two-wheeler Shock Absorber Market Other Major And Innovative Companies
32. Global Two-wheeler Shock Absorber Market Competitive Benchmarking
33. Global Two-wheeler Shock Absorber Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Two-wheeler Shock Absorber Market
35. Two-wheeler Shock Absorber Market Future Outlook and Potential Analysis
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