As per changing consumer buying behavior, motorcycle suspension system is gaining stature as a key performance indicator in motorcycles. The growth of the motorcycle suspension system market is directly related to the production and on-road fleet of two wheelers. Motorcycle suspension system market is anticipated to reach ~US$ 2.4 Bn by the end of 2029 and is expected to grow at ~5% CAGR in the forecast period of 2019-2029. Rising usage of motorcycles for recreational purposes is resulting in increasing demand for shock absorbers for long-distance touring.
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Motorcycle Suspension System Market Key Takeaways
- Establishing long-standing direct sales-supply agreements with automotive OEMs is a key winning strategy for market participants in the motorcycle suspension system market.
- A suspension system is one of the few noticeable components and is now gradually turning out to be among the deciding factors while purchasing a motorcycle.
- Suspension systems these days are being marketed as USPs of vehicles during new launches and advertisements by key players.
- Increasing recreational activities, including off-road biking, are an unevolved opportunity for market players to launch specific suspension systems to gain competitive advantages.
- Rising traffic congestion is an inescapable condition resulting in lengthy commutation time. This, in turn, is a key factor responsible for the inclination of customers towards motorcycles and is expected to subsequently contribute to the growth of the motorcycle suspension system market in the coming years.
- In the current scenario, scooters are trending as compared to conventional motorcycles, owing to their easy handling, good stability, and low price range. Scooters are being preferred by all age groups, especially aged citizens, teenagers, and females.
- Passive motorcycle suspension system technology is anticipated to remain popular across the globe in the motorcycle suspension system market.
New players at global and regional levels can reap rich benefits by focusing on replacement and aftermarket sales, riding on the new trend of retrofitting and customizing motorcycles.
Motorcycle Suspension System Market: Segmentation
The global motorcycle suspension system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Product
- Front Suspension
- Telescopic Fork
- Others
- Rear Suspension
- Dual Shocks
- Mono Shocks
- Others
Sales Channel
- OEMs
- Aftermarket
Technology
- Passive
- Active/Semi-active
Motorcycle
- Standard
- Cruiser
- Sports
- Scooter
- Mopeds
- Others
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excl. Japan
- Japan
- Middle East & Africa
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Table Of Content
- Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMR Analysis and Recommendations
1.4. Wheel of Fortune
- Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
- Motorcycle Suspension System Market Background
3.1. Macro-Economic Factors
3.1.1. Global GDP Outlook
3.1.2. Global GDP Value and Growth
3.1.3. Global Population Outlook
3.1.4. Global Oil & Gas Sector Outlook
3.1.5. Global Urbanization Outlook
3.1.6. Global Motorcycle and Motorcycle Suspension System Sales Outlook
3.1.7. Global Two Wheelers Market Overview By Region &
3.1.8. Global Economic Outlook
3.1.9. Comparative Analysis for Global Motorcycle Suspension System Market Dashboard
3.1.10. Peak hours Spent by Average Commuter in Congestion
3.1.11. Country Dashboard Analysis
3.1.12. Road Condition by Country
3.2. Global Motorcycle Market – Import & Export Scenario
3.3. Global Motorcycle Market Product Cost Tear-Down Analysis
3.4. Market Dynamics
3.4.1. Driver
3.4.2. Restraint
3.4.3. Trend
3.4.4. Opportunity
3.5. Value Chain
3.6. Global Motorcycle Suspension System Pricing Analysis
3.7. Forecast Factors: Relevance and Impact
- Global Motorcycle Suspension System Market Analysis 2014–2018 and Forecast 2019–2029
4.1. Market Volume Projection
4.2. Market Size Projections
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ASEAN Countries Emerging as Growth Hub for Market Players
The motorcycle suspension system market is fairly consolidated, with key market players such as Gabriel India Limited, ZF Friedrichshafen AG, Showa Corporation, KYB Corporation, and BMW Group accounting for significant share of the total market value. The participation of local companies carrying technical licensing agreements with foreign brands has substantially contributed to the development of the motorcycle production and assembly market in ASEAN countries.
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