Overview of the global two-wheeler upside-down forks market
Market research analysts at Technavio predict that the global two-wheeler upside-down forks market will grow steadily over the next four years and in terms of units, will post a CAGR of more than 6% by 2021. This market research analysis identifies the low penetration of premium motorcycles in emerging economies as one of the key growth factors for the two-wheeler upside-down forks market. Due to the presence of cost-sensitive customers, the developing economies witnessed a fewer entry of high-performance premium motorcycles in the recent years. The consumers are looking for convenience in mobility without comprising on fuel-efficiency. To meet the rising demand among the consumers, the leading vendors in the market are focusing on compromising high-end two-wheelers with low-cost high-performance ones. However, improved employment opportunities coupled with the rise in the spending power among the consumers will also spur the growth of premium motorcycles in emerging economies, which will subsequently drive the growth of the two-wheeler upside-down forks market.
In addition to the low penetration of premium motorcycles in emerging economies, the rising popularity of motorcycle events and activities will also contribute to the growth of the market over the years. Motorcycle events like shows and exhibitions organized by motorcycle companies to advertise the launch of their flagship products such as sports bikes, cafe racers, motocross, and adventure bikes will also stimulate the growth of the market. For instance, the Milan Motorcycle Show organized every year is an exhibition organized for four days for displaying top-notch motorcycles.
Competitive landscape and key vendors
The two-wheeler upside-down forks market is moderately competitive with the presence of a limited number of well-established vendors. Frequent technological advancements and the entry of new competitors will intensify the level of competition among the vendors in this market space. To enhance their market shares, the prominent players in the market are focusing on expanding their product portfolio through robust investments towards R&D activities.
The leading vendors in the market are –
The other prominent vendors in the market are Gabriel India, Endurance Technologies, and Showa Corporation.
Market segmentation by product and analysis of the two-wheeler upside-down forks market
- Entry level (below 400cc)
- Mid-size (between 400 and 700cc)
- Full-size (above 700cc)
During 2016, the full-size segment dominated the global two-wheeler upside-down forks market. The growth of the segment can be attributed to the presence of high-displacement engines that are above 700cc. Additionally, factors such as the delivery of robust stability during high-speed riding conditions and the premium pricing affiliated with the product will also spur the demand for the inclusion of upside-down forks.
Market segmentation by geography and analysis of the two-wheeler upside-down forks market
The Americas accounted for the major shares of the two-wheeler upside-down forks market during 2016. The popularity of tourer and adventure sport motorcycles in the region will stimulate the growth of the market. Furthermore, the popularity of motorcycle shows, rallies, and events organized by motorcycles communities will also drive the growth of the two-wheeler upside-down forks market in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global two-wheeler upside-down forks market?
- What are the key market trends impacting the growth of the global two-wheeler upside-down forks market?
- What are the challenges to market growth?
- Who are the key vendors in the global two-wheeler upside-down forks market?
- What are the market opportunities and threats faced by the vendors in the global two-wheeler upside-down forks market?
- Trending factors influencing the market shares in the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global two-wheeler upside-down forks market?
Technavio also offers customization on reports based on specific client requirement.
Upside down fork features a change in position of the dampening unit as compared to conventional forks. Dampening units in upside down forks are attached to the handle, and the sliders are attached to the vehicle wheel. This setup allows for more vehicle stability during high-speed riding. With an increasing number of two-wheeler upside down fork providers gaining higher market share, the upcoming industry research report from Technavio on two-wheeler upside down forks market for the forecast period of 2017 to 2021 will help businesses develop sustainable growth strategies. To provide actionable intelligence to the clients, our industry research experts identify and analyze factors that play an imperative role in the growth of the automotive sector. Additionally, by studying the current market scenario for multiple automotive sectors like automotive components, automotive electronics, and automotive manufacturing, our market research analysts have identified factors that will play an important role in the growth of the vendors in the global and regional markets.
By considering a triangulated research approach of quantitative and qualitative data methods and covering various factors including the rising demand for a diverse array of products across geographical regions, research analysts at Technavio diagnose the growth prospects of automotive sectors such as automotive services and automotive accessories, which will help clients deliver effective business strategies. Moreover, to help clients frame new strategies for higher market penetration, our upcoming research report on two-wheeler upside down forks market for the forecast period of 2017 to 2021 offers extensive insights inferred from the data collected from primary and secondary sources.
The capability to offer better maneuverability to the rider for high-speed applications is expected to be one of the major growth factors for the growth of this market. Additionally, it increases ride quality by effectively distributing weight to the front part of the motorcycle. Consequently, makers of premium high-performance two-wheelers are increasingly using upside down forks or inverted forks for the front suspension. This upcoming research report on high-performance two-wheelers also considers the growth of similar markets such as off-road high-performance vehicle and high-performance electric motorcycles, which are predicted to steadily grow at a CAGR of around 6% and 45% and during the period of 2016 to 2020. With an extensive analysis of the various parameters including the shift in customer preferences and the overall market performance, Technavio provides customized reports that support businesses in identifying new growth prospects.
The upcoming report for two-wheeler upside down forks market also identifies the major drivers, upcoming trends, along with the challenges currently experienced by the automotive component sector. In order to offer a holistic view of the future direction of the automotive industry, this market research report offers insights into the dynamically changing competitive landscape and the products and services offered by key vendors and their presence across various geographical regions.