DUBAI, United Arab Emirates, March 01, 2022 (GLOBE NEWSWIRE) -- Future Market Insights (FMI) has expected the Motorcycle Suspension System Market is anticipated to reach ~US$ 2,381.6 Mn by the end of 2029 and is expected to grow at 4.7% CAGR in the forecast period of 2022-2029.
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 Value (2021A) | US$ 1,655.2 Mn | |
| Motorcycle Suspension System Market Estimation (2022E) | US$ 1,727.4 Mn | |
| Motorcycle Suspension System Market Forecast (2029F) | US$ 2,381.6 Mn | |
| Value CAGR (2022-2029) | 4.7% | |
| Collective Value Share: Top 3 Countries (2022E) | 44% | |
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Motorcycle suspension system market is anticipated to reach US$ 2,381.6 Mn by the end of 2029 and is expected to grow at ~4.7% CAGR in the forecast period of 2022-2029. Rising usage of motorcycles for recreational purposes is resulting in increasing demand for shock absorbers for long-distance touring.
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.
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Scope of the Report
| Attribute | Details |
| Forecast Period | 2022-2029 |
| Historical Data Available for | 2014-2021 |
| Market Analysis | US$ Mn for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Western Europe, Eastern Europe, Asia & Pacific Excluding Japan, Middle East and Africa, Japan |
| Key Countries Covered | US, Canada, Brazil, Mexico, Germany, U.K., France, Spain Italy, Poland, Russia, South Korea, ASEAN, India, China, Australia & New Zealand, GCC Countries, South Africa, Turkey |
| Key Segments Covered | Product Type, Sales Channel, Technology, Motorcycle Type and Region |
| Key Companies Profiled | • Gabriel India Limited • ZF Friedrichshafen AG • SHOWA CORPORATION • KYB Corporation • Duro Shox Pvt Ltd • BMW Group • WP AG • Nitron Racing Shocks • Marzocchi Moto • Öhlins Racing • K-Tech Suspension Limited • Progressive Suspension, Inc. • TFX Suspension Technology • BITUBO S.r.l. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
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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Key participants in the motorcycle suspension system market are targeting ASEAN countries to win a competitive edge in Asia Pacific. Regions including North America and Europe have high preference for sports and cruiser monocycles as compared to standard ones. Manufacturers can develop suspension systems targeting the premium motorcycle segment in these regions.
The increasing demand for motorcycles in tier-2 cities and rural areas in developing countries of South East Asia and Eastern Europe is expected to fuel the growth of the motorcycle suspension systems market. Introduction of latest advanced features such as electronic controlled suspension systems in conventional motorcycles and scooters are ramping up the current market scenario.
Explore FMI’s Extensive ongoing Coverage on Automotive Domain
Motorcycle Shock Absorbers Market - Motorcycle shock absorbers have gone through a number of transitions since they were first invented, particularly so in the past few years. Essential for comfort and a smooth ride along with improvements in control, motorcycle shock absorbers are anticipated to see high demand in the years to come.
Automotive ABS Motor Market - The anti-lock braking system (ABS) is an automotive braking system that is widely used as a safety major in automobiles that helps the vehicle maintain steering control and prevents the wheels from locking up.
Motorcycle Lighting Market - Motorcycle lighting involves the usage of illuminating devices for the purpose of providing visibility to the riders travelling in dark environment. The lighting solution also helps in alerting other drivers, riders and pedestrians about its presence in the low light conditions and bad weather.
Motorcycle Start Stop Systems Market - Motorcycle start stop system is an anti-idling technology based on the collaborative combination of brake, battery management and engine.
Automotive Wiper Motor Global Market - Automotive industry has been witnessing rapid growth due to increasing demand for passenger cars from Brazil, India and China. Growth of automotive industry is prominently reliant on financial flexibility choices present across different regions.
Motorcycle Fuel Hoses Market - A motorcycle fuel hose is a flexible hollow tube structure with a circular cross section which is mainly designated to carry fuel from carburetor to engine aiding the process of fuel combustion.
Motorcycle Sensors Market - Though the trend of introducing car safety features in motorcycles is not exactly new, growing concerns about rider’s safety are triggering the growth of the motorcycle sensors market.
Motorcycle Hub Motor Market - The main factor behind the growth of the motorcycle hub motor market is the changing preference of general population towards electric vehicle owing to raising awareness of Co2 emission and its effect of health and global warming, coupled with the stringent government regulation to control co2 emission triggered the sales of electric motorcycle, in turn creating the demand for motorcycle hub motors.
Motorcycle Side Box Market - Motorcycle side box is used as luggage box which is made of fiber, aluminum alloy and other materials. Standard bike riders, who travels the long journey or touring are also installed side box and put necessary luggage in the box. On many stranded bikes three sided box is installed one at carrier and other two install at the right and left of the bikes.
Motorcycle Exhaust Mounting Brackets Market - Motorcycle exhaust mounting brackets are the components of motorcycle exhaust systems used to connect the exhaust system to the chassis. Motorcycle exhaust mounting brackets are used for effectively suspending or mounting exhaust system components such as mufflers, exhaust pipes and exhaust manifolds, among others.
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