April 4, 2020

Motorcycle Suspension System Market (4.8% CAGR) 2019 to 2027: Global Industry Size, Share, Growth, Trends and Forecast

According to a new market research report published by Credence Research “Global Motorcycle Suspension System Market – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall suspension market for motorcycles worldwide was valued at US$ 1.52 billion in 2018 and is set to grow with a CAGR of 4.8% over the forecast period 2019 to 2027.

Market Insights

The key factor driving the growth of the market for motorcycle suspension system is the high consumption of two-wheelers and the increased demand for motorcycle comfort. Several OEM manufacturers are largely adopting a suspension system to ensure the comfort and safety of motorcycles. They are cheaper than four-wheelers or other vehicles. As a result, this rapidly expanding sales of two-wheelers is escalating the growth of the market for motorcycle suspension systems. In addition, rising disposable incomes in emerging countries such as India, China and others are likely to boost the growth of the market for motorcycle suspension system.

Browse the full report at https://www.credenceresearch.com/report/motorcycle-suspension-system-market

In addition, the stability, comfort, performance and safety of the motorcycle suspension system are driving the growth of the motorcycle suspension system market worldwide. However, rising motorcycle prices are hindering the growth of the motorcycle suspension system market, particularly in low and medium economic countries. Furthermore, the integration of new and advanced electronic technologies into motorcycles is expected to serve numerous market opportunities in the coming years.

The market for motorcycle suspension systems is segmented on the basis of the type of motorcycle, product type, technology and sales channels. Based on the technology, the global market for motorcycle suspension systems is forged into passive and active. The passive suspension system is mainly used across vehicles to control the vertical motion of vehicles. The improved comfort and road holding offered by passive technologies are increasing the market growth in this segment.  In addition, the market is segmented into OEMs and Aftermarket through sales channels. In addition, on the basis of product types, the market is divided into the front suspension system and the rear suspension system.

Asia Pacific holds the largest market share of approximately 48% in the motorcycle suspension system market. The growing adoption and implementation of advanced motorcycle suspension system in the sports and race bikes are driving the growth of motorcycle suspension system in Asia Pacific region.  The presence of major manufacturing and high consumption of motor bikes in Asia Pacific is contributing to the growth of the motorcycle suspension system market in this region. Furthermore, Europe holds the second largest market share in the motorcycle suspension system market owing to the high demand of motor bikes and motorcycle safety systems.

The key players in the global motorcycle suspension system market incudes 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.

 Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59878

Report Scope by Segments

By Motorcycle Type Segment

  • Standard Bike
  • Sports
  • Cruiser
  • Scooters
  • Others

 By Product Types Segment

  • Front Suspension System
  • Rear Suspension System

By Technology Segment

  • Active
  • Passive

By End-User Segment

  • OEMs
  • Aftermarket

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59878

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