Below are some of the key findings from this two-wheeler suspension system market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global two-wheeler suspension system industry overview
The increase in electronic content in two-wheelers is one of the critical reasons that will drive the two-wheeler suspension system market’s growth. The integration of advanced electronics makes the increasing demand for enhanced safety and comfort possible. For instance, using the anti-lock braking system, vehicle speed can be monitored through the speed sensor and regulation of braking pressure accordingly. Electronic fuel injection helps in bringing about increased fuel efficiency. There is a transition from traditional suspension systems to electronic suspension systems in premium motorcycles. Safety, performance, stability, and comfort have been included in the range of customer needs and OEM offerings. Special features also display product differentiation for sustaining competition. As a result, the demand for two-wheeler suspension system market is positively impacted.
Motorcycle events like shows and exhibitions are forms of advertisements used by OEMs and dealers to launch new products. Two-wheeler manufacturers showcase new vehicle models or technological innovations which can educate consumers about their various options. For instance, Esposizione Internazionale Ciclo Motociclo e Accessori (EICMA) is a motorcycle show conducted in Milan, Italy, annually. Adventure touring activities conducted by motorcycle touring communities help increase the sale of full-sized cruiser motorcycles. Annual touring events organized by companies like EagleRider will increase the popularity of motorcycle tourism in the US, and hence create a positive demand for motorcycles during the forecast period. The increasing number of motorcycle events will drive the two-wheeler suspension system market to grow at a CAGR of almost 8% during the forecast period.
Top two-wheeler suspension system companies covered in this market research report
The two-wheeler suspension system market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this two-wheeler suspension system industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies to improve their share in the market.
The report offers a complete analysis of various companies including:
- BMW AG
- Gabriel India Ltd. (ANAND Group)
- SHOWA Corporation
- Tenneco Inc.
- ZF Friedrichshafen AG
Two-wheeler suspension system market segmentation based on geographic regions
- APAC
- Europe
- MEA
- North America
- South America
APAC will hold the highest share of this market throughout the forecast period. The high sale of low-power and affordable motorcycles is one of the major reasons for the high growth of the two-wheeler suspension system market in this region.
Two-wheeler suspension system market segmentation based on application
- Motorcycle
- Scooter
The motorcycle segment will account for the highest share of the two-wheeler suspension system market. The demand for commuter motorcycles is increasing in emerging economies due to the presence of a large base of middle-class population. For instance, the Gabriel India (a flagship of ANAND Group), a regional vendor for suspension systems is growing due to the continuous new product launches.
Key highlights of the global two-wheeler suspension system market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the two-wheeler suspension system market during the next five years
- Precise estimation of the global two-wheeler suspension system market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the two-wheeler suspension system industry across various geographies such as APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of two-wheeler suspension system companies
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