The global motorcycle suspension system market is expected to reach USD 499.8 million in 2023, driven by advancements in suspension performance. This trend is projected to create new opportunities, leading to an estimated compound annual growth rate (CAGR) of 6.05% from 2023 to 2033, ultimately reaching around USD 899.3 million by 2033.
Motorcycle suspension systems play a vital role in ensuring efficient vehicle handling and braking. The market for these systems is expanding due to the growing demand for two-wheelers worldwide.
Both classic and modern motorcycles are contributing to this growth, as advanced suspension systems significantly enhance their performance. Additionally, the increasing need for suspension replacements in classic motorcycles is likely to further boost the market for motorcycle suspension systems.
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Key Takeaways from the Motorcycle Suspension System Market Report:
The United States predicted a market share of 35.2% in 2022. North America registered a market share of 43.2% in 2022. Europe was estimated to record a market share of 40.2% in 2022. The United Kingdom augmented to expand at a market share of 6.72% in 2022. India was forecasted to command 8.32% of the total market share in 2022. Japan was assumed to record 6.1% of the total market share in 2022.
Competitive Landscape:
The motorcycle suspension system industry consists of a consequential number of market players. Research and development is one of them that is mainly used for the introduction of environmental-friendly product lines from the core aspect of these manufacturers. In addition to that, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.
Leading Key Players:
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.
Key Segmentations
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
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
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