Motorcycle Suspension System Market size is Expected to Reach US$ 903.6 Million by 2033 : Fact.MR Report
Rockville , Oct. 23, 2023 (GLOBE NEWSWIRE) -- As per a detailed study by Fact.MR, a market research and competitive intelligence provider, the global motorcycle suspension system market is valued at US$ 499.8 million in 2023 and is projected to reach US$ 903.6 million by the end of 2033.
Suspension systems play a key role in determining a motorcycle's performance and overall riding experience. A motorcycle suspension system is a critical component of a motorcycle that is designed to absorb shocks, vibrations, and impacts, providing a comfortable and stable ride. A typical motorcycle suspension system comprises various components, including forks (in the front) and shocks or dampers (at the rear). These components are equipped with springs and dampers to manage the movement of the wheels and frame.
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Motorcycle riders are increasingly inclined towards customizing their bikes, driving a demand for suspension systems that can be tailored to individual preferences, whether for touring, sports, off-road, or adventure riding. The market is also witnessing a rapid influx of advanced technologies, including electronic and semi-active suspension systems. These innovations allow real-time adjustments based on road conditions and rider preferences.
Increasing popularity of electric motorcycles is also presenting opportunities for manufacturers to design specialized suspension systems that accommodate the unique characteristics of electric propulsion.
| Report Attribute | Details |
| Value Projection (2033) | US$ 903.6 Million |
| Growth Rate (2023-2033) | 6.1% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 39 Tables |
| No. of Figures | 184 Figures |
Key Takeaways from Market Study
- The global motorcycle suspension system market is forecasted to increase at a CAGR of 6.1% from 2023 to 2033.
- Rapid economic growth and the surge in two-wheeler adoption are driving motorcycle suspension system sales in Asia Pacific.
- Customization trends and personalized upgrades are boosting the demand for advanced suspension systems in North America.
- High-performance motorcycles, innovative technologies, and a strong focus on quality and comfort are increasing the sales of motorcycle suspension systems in Europe.
“Environmental concerns are pushing manufacturers to develop eco-friendly and compliant suspension systems,” says a Fact.MR analyst.
Key Companies Profiled in This Report
- 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.
Competitive Analysis
The top manufacturers of motorbike suspension systems are concentrating on releasing cutting-edge goods to get an advantage over rivals. In addition, major manufacturers are aiming to increase their market share in the aftermarket, with a focus on the South East Asian region due to the wealth of profitable prospects available there.
- Recently, Öhlins Racing Company broadened its product range by unveiling a novel trail fork and a rear air shock designed for mountain bikes.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global motorcycle suspension system market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on product type (front suspension, rear suspension), sales channel (OEMs, aftermarket), motorcycle type (standard, sports, cruiser, moped, scooter), and technology (passive, active/semi-active), across five major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
Explore More Related Studies Published by Fact.MR Research:
Motorcycle Accessories Market: The market for motorcycle accessories is likely to be valued at US$ 15 Billion By 2032.
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Motorcycle Market: Worldwide sales of motorcycles are projected to rise at a CAGR of 4% from 2023 to 2033.
About Fact.MR :
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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