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The motorcycle suspension systems market size is forecast to increase by USD 230.1 billion at a CAGR of 6.28% between 2023 and 2028.
The market is experiencing significant growth due to several key trends. The increasing electrification of mechanical components in motorcycles is one such trend, as motorcycle manufacturers are focusing on reducing emissions and improving fuel efficiency by integrating electric components into suspension systems. Another trend is the growing demand for advanced suspension technologies, such as dual bending valve front fork systems, among automotive original equipment manufacturers (OEMs). Additionally, stringent regulations against internal combustion engine (ICE) vehicles are driving the market, as manufacturers seek to comply with emissions standards by developing more efficient and eco-friendly suspension systems. Overall, these trends are expected to fuel market growth and innovation In the market.
The motorcycle suspension systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is driven primarily by the OEM segment, which accounted for the largest share in 2023. The increasing sales of motorcycles for daily commuting and long-distance travel are fueling the demand for exhaust systems. Although the aftermarket segment is witnessing continuous advancements in material and design, the OEM segment's dominant position is due to new motorcycle launches and innovations by manufacturers. OEMs focus on introducing advanced suspension systems to enhance their competitive edge and expand their market reach. The market is segmented into Touring, Off-roading, Racing, Off-road riding, and Adventure riding. Sturdy suspension systems are essential for handling rough terrains, ensuring traction and stability.
Electronically adjustable, adaptive, and semi-active suspension systems are gaining popularity due to their ability to provide optimal performance on various road conditions. Rear suspension systems are crucial for maintaining balance and control. Key trends include the integration of advanced technologies such as mono-shock absorbers, dual shocks, and single shocks. Sales of motorcycle suspension systems are expected to grow steadily during the forecast period.
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The OEM segment was valued at USD 380.70 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing notable growth due to the increasing sales of motorcycles, particularly in Asia Pacific (APAC). India is a significant market driver, accounting for a substantial share of the APAC the market. The adoption of motorcycles in India is on the rise, leading to a surge in demand for suspension systems. China, Indonesia, and Thailand are also crucial contributors to the market due to their high motorcycle production volumes. Motorcycle culture and tourism are key factors fueling the demand for suspension replacement in both custom-built bikes and older motorcycles. Aftermarket demand for suspension systems is also increasing as riders prioritize comfort and safety, with the integration of disc brakes and ABS systems becoming more common.
Motorcycle exports to tourist destinations and the growing popularity of motorcycle road trips among various demographics, including older people, youth, and women, further boost market growth. Vehicle technology solutions are also driving innovation In the market.
Our motorcycle suspension systems market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased electrification of mechanical components in motorcycles is the key driver of the market.
Growing demand for dual bending valve front fork technology among automotive OEMs is the upcoming market trend.
Stringent regulations against internal combustion engine (ICE) vehicles is a key challenge affecting the industry growth.
The motorcycle suspension systems market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the motorcycle suspension systems market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, motorcycle suspension systems market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Arnott LLC - Our company provides advanced motorcycle suspension systems, including Duolever front suspension, single-sided swing arm wheel suspension, and Telelever front suspension. These innovative systems ensure optimal ride quality, handling, and safety for motorcyclists. Duolever suspension utilizes a double-wishbone design for precise steering and stability. Single-sided swing arm wheel suspension offers reduced unsprung weight and improved traction. Telelever suspension combines the advantages of both traditional and modern suspension designs, delivering a smooth and responsive riding experience. Regardless of your preferred riding style or motorcycle type, we have the suspension system to meet your performance needs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The motorcycle suspension system market encompasses a vital aspect of the two-wheel industry, significantly influencing the riding experience for various motorcycle genres, including touring, off-roading, racing, and adventure riding. This market caters to the diverse demands of riders, offering sturdy suspension systems tailored for rough terrains, as well as electronically adjustable and adaptive suspension systems for enhanced comfort and responsive handling. Fork tubes, front suspension, and forks are essential components of motorcycle front ends. Springs and dampers work together to absorb impacts and maintain traction and stability during motion. Rear suspension systems, comprised of shock absorbers or shocks, ensure optimal ride quality and safety.
Customizing motorcycles is a significant trend In the motorcycle community, with riders seeking personalized suspension options to cater to their preferences and riding styles. Motorcycle manufacturers and aftermarket enterprises offer a range of suspension solutions, from dual shock and mono shocks to single shock and mono-shock absorbers. Weight reduction and simplified designs are essential considerations in motorcycle suspension systems, as they contribute to improved performance and handling. Manufacturing and maintenance are crucial aspects of the market, with electronically adjustable suspension systems requiring integration of electronic components, sensors, and control units for real-time adjustments. Road conditions and riding style significantly impact the performance of motorcycle suspension systems.
Ride comfort and safety are essential factors for riders, with suspension sensors and damping settings providing real-time adaptability to various dynamic requirements. The motorcycle suspension market caters to various segments, including electric motorcycles, which require specialized suspension systems to accommodate weight distribution, electric propulsion, and battery packs. The market also offers suspension solutions for older motorcycles and scooters, as well as for older people, youth, and females. Motorcycle culture and motorcycling continue to evolve, with a growing focus on vehicle technology solutions and aftermarket growth. Local enterprises and technological license agreements contribute to the expansion of the market, with a particular emphasis on the luxury motorbike category and tier-2 cities.
Suspension replacement and motorcycle exports are significant aspects of the market, with conventional motorcycles and older motorcycles requiring regular suspension maintenance. The market also caters to rental purposes, tourism spots, and motorcycle adventures, offering customized suspension options for various leisure activities and road trips. The market for motorcycle suspension systems is diverse and dynamic, with ongoing innovations and revolutionary suspension system designs, such as telescopic forks and cartridge fork assemblies, enhancing the riding experience and contributing to the growth of the motorcycle industry.
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Motorcycle Suspension Systems Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.28% |
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Market growth 2024-2028 |
USD 230.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.8 |
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Key countries |
China, India, Indonesia, Thailand, and US |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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