The Global Motorcycle Suspension Systems Market size is projected to grow by 4.5% CAGR, with the revenue expected to reach USD 3.71 billion by 2028. The major factor that drives the growth of this market is the increasing demand for higher-quality suspension systems (telescopic suspension).
Motorcycle suspension systems are the components that absorb shock and maintain control. They work to keep a motorcycle from bouncing up and down, as well as absorbing bumps in the road or other rough terrain. Motorcycles can be fitted with different types of suspensions, including telescopic suspension units (the most common type), spring-loaded hydraulic suspensions, and others such as swing arm spindles." The main function of Suspension systems is to provide space for air inside them while taking on an uneven surface during movement by transferring shocks smoothly without any interruption. This reduces rolling resistance between contact patches which helps in reducing vibrations at high speeds even when the rider sits heavily over it.
On the basis of Type, the market is segmented into Telescopic Suspension (upside down), Telescopic Suspension, Spring Loaded Hydraulic Suspension, and Others.
Telescopic suspension, also known as a telescopic fork or just forks for short, is a specific type of motorcycle front-wheel suspension that consists of two parallel tubes with the outer tube being solid and the inner tube being hollow. Telescopic suspensions are usually paired to spring-loaded hydraulic units in order to help absorb shocks through the compression mechanism. Telescopic suspension units are more commonly used than other types as they are easily adjustable without any tools required. They can be raised or lowered from their original position using hand grips which helps in absorbing shocks through a compression mechanism that allows them to return to the original position.
Spring-loaded hydraulic suspensions have been around since the invention of motorcycles. They consist of hydraulically operated cylinders in a closed circuit which provide an automatic lifting or lowering action when required by changing the fluid pressure within them. Spring-loaded hydraulic suspension units are used for motorcycles that have a high-speed range and require better stability, agility & traction on the road as compared with telescopic suspensions. They consist of hydraulically operated cylinders in a closed circuit which provide an automatic lifting or lowering action when required by changing the fluid pressure within them.
On the basis of Application, the market is segmented into OEM and Aftermarket. The OEM segment of the motorcycle suspension systems market is estimated to grow significantly and this growth can be attributed to the increasing production and sales rates in major economies such as India, Japan, China, and Brazil which are projected to rise during this period due to additional investments by various companies for expansion purposes s well as value addition through high-quality products with optimized margins.
In contrast, aftermarket sales will witness an annual decline over the forecast period on account of factors like product durability or lack thereof coupled with lower warranty coverage leading consumers towards buying new suspensions instead of repairing broken ones for their motorcycles. Moreover, increased cost pressures owing to higher raw material prices have been driving up manufacturing costs and pressuring margins of suppliers, making them pass on the burden eventually onto customers.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America represents the largest market for motorcycles in terms of both volumes as well as value due to high penetration rates in this region. The U.S., Canada, and Mexico are among the major countries that generate a large number of motorcycle sales every year owing to their advanced infrastructure facilities including good road conditions and availability of several international bourses. But despite these factors, the aftermarket segment is not much developed because it cannot keep up with OEM requirements which have stringent quality norms since they represent an automobile manufacturer’s brand image on one hand and impact warranty claims (in case there are any) if things go wrong while consuming costly time-consuming repairs or replacements.
Up Market Research published a new report titled “Motorcycle Suspension Systems Market research report which is segmented by Types (Telescopic Suspension, Telescopic Suspension (upside down), Spring Loaded Hydraulic Suspension, Others), By Applications (OEM, Aftermarket), By Players/Companies K-Tech Suspension, KYB Europe, Gabriel India, Marzocchi Moto, Nitron Racing Shocks, FTR Suspension, Showa, BMW Motorrad, TFX Suspenion, BITUBO, Progressive Suspension, WP suspension, Arnott, GP Suspension”.
|Report Attributes||Report Details|
|Report Title||Motorcycle Suspension Systems Market Research Report|
|By Type||Telescopic Suspension, Telescopic Suspension (upside down), Spring Loaded Hydraulic Suspension, Others|
|By Application||OEM, Aftermarket|
|By Companies||K-Tech Suspension, KYB Europe, Gabriel India, Marzocchi Moto, Nitron Racing Shocks, FTR Suspension, Showa, BMW Motorrad, TFX Suspenion, BITUBO, Progressive Suspension, WP suspension, Arnott, GP Suspension|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||228|
|Number of Tables & Figures||160|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Telescopic Suspension, Telescopic Suspension (upside down), Spring Loaded Hydraulic Suspension, Others and By Application OEM, Aftermarket.
Some of the companies that are profiled in this report are:
Motorcycle Suspension Systems Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Motorcycle Suspension Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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