Motorcycle Suspension System Market By Motorcycle Type (Standard Bike, Sports, Cruiser, Scooters and Others), By Product Types (Front Suspension System and Rear Suspension System), By Technology (Active and Passive), By Sales Channels (OEMs and Aftermarket) – Growth, Future Prospects and Competitive Analysis,2019 - 2027
Technological Advancements in Automotive Industry to Ensure Rapid Growth for Motorcycle Suspension System Market
Globally, the motorcycle suspension systems market is estimated to grow with a CAGR of 4.8% over the forecast period (2019 to 2027), up from US$1.52 Bn in the year 2018. At present, the automotive industry is undergoing several changes to provide improved safety and comfort.
The suspensions systems play an important role in the modern bikes to provide comfort by isolating the bumps, vibrations and the noises. They are also used in the vehicle’s efficient handling and braking. The demand for the two-wheelers is rising rapidly across all over the world that is primarily driving the growth of motorcycle suspension system market. Additionally, the benefits offered by the suspension system to classic or modern motorcycles are augmenting market growth.
The rapid rise in the suspension replacements of the classic vehicles are likely to contribute to the growth of motorcycle suspension system market. Furthermore, factors such as increasing per capita income, growing demand for high power motorbikes and the growing population also have a positive impact on the motorcycle suspension system market.
On the other hand, the high cost of maintenance and the replacements are expected to hamper the market growth through the forecast period. Moreover, the introduction of lightweight components in the passive suspension systems are projected to create several growth opportunities in the market.
Market Synopsis
Motorcycle Suspension System with Standard Motorcycles is to Continue Dominating the Market
In 2018, the standard bikes types segment contributing to over 51% of the total revenue generated globally led the overall motorcycle suspension system market. The demand for the standard bike is rising considerably with consistently growing middle class and upper middle class population, especially in Asia Pacific. Thus, this has a direct impact on the motorcycle suspension system market.
Furthermore, the affordability offered by the slandered bikes are driving the growth of motorcycle suspension system market in the type segment. Additionally, based on the product types, the market is sub-divided into the front end and rare products. Among these, the front suspension products are projected to dominate the growth of motorcycle suspension system market over the forecast period.
Asia Pacific Dominates the Market by Region
Based on the geography, Asia-Pacific dominated the arket by holding the largest market share of over 48% in the motorcycle suspension system market followed by Europe. The growing demand for the sportbikes and low replacement rate is the key factor that drives the growth of Asia Pacific motorcycle suspension system market. Furthermore, the rapidly growing automotive industry in China and India are promoting the growth of motorcycle suspension systems market in this region.
The adoption of advanced technology to improve the performance of high-end products are boosting the demand for motorcycle suspension system market. Moreover, North America also holds significant market share in the motorcycle suspension system market. The stringent regulations regarding road safety are promoting the growth of motorcycle suspension system market in North America.
Some of the prominent players operating in the motorcycle suspension system market include SHOWA CORPORATION, Nitron Racing Shocks, BMW Group, TFX Suspension Technology, ZF Friedrichshafen AG, BITUBO S.r.l., RST Suspension, Mupor Srl., Traxxion Dynamics, Mupor Srl, WP AG, SHOWA CORPORATION, Nitron Racing Shocks, BMW Group, WP AG, and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The motorcycle suspension system market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global motorcycle suspension system market based on motorcycle type, product type, technology, end-user, and geography. Key segments covered in the report are as follows:
Key questions answered in this report
What was the market size of motorcycle suspension system in 2018 and forecast up to 2027?
Which is the largest regional market for types of motorcycles?
What are the major trends followed in motorcycle suspension system market across different regions?
Who are the key motorcycle suspension system companies leading the market?
What are the key strategies adopted by the leading motorcycle suspension system companies in market?
Unique data points of this report
Statistics on motorcycle suspension system penetration and spending worldwide
Recent trends across different regions in terms of adoption of motorcycle suspension system for various applications
Notable developments going on in motorcycle suspension system market
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for Motorcycle Suspension System Market is expected to reach USD$ 1.52 Bn in 2027.
The Motorcycle Suspension System Market is expected to see significant CAGR growth over the coming years, at 4.8%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Nitron Racing Shocks, BMW Group, TFX Suspension Technology, ZF Friedrichshafen AG, BITUBO S.r.l. are some of the major players in the global market.
