"Technological Advancements in Automotive Industry to Ensure Rapid Growth for Motorcycle Suspension System Market"

Globally, the motorcycle suspension systems market is estimated to grow with a CAGR of 4.8% over the forecast period (2019 to 2027), up from US$1.52 Bn in the year 2018. At present, the automotive industry is undergoing several changes to provide improved safety and comfort. The suspensions systems play an important role in the modern bikes to provide comfort by isolating the bumps, vibrations and the noises. They are also used in the vehicle’s efficient handling and braking. The demand for the two-wheelers is rising rapidly across all over the world that is primarily driving the growth of motorcycle suspension system market. Additionally, the benefits offered by the suspension system to classic or modern motorcycles are augmenting market growth. 

The rapid rise in the suspension replacements of the classic vehicles are likely to contribute to the growth of motorcycle suspension system market. Furthermore, factors such as increasing per capita income, growing demand for high power motorbikes and the growing population also have a positive impact on the motorcycle suspension system market. On the other hand, the high cost of maintenance and the replacements are expected to hamper the market growth through the forecast period. Moreover, the introduction of lightweight components in the passive suspension systems are projected to create several growth opportunities in the market. 

"Motorcycle Suspension System with Standard Motorcycles is to Continue Dominating the Market"

In 2018, the standard bikes types segment contributing to over 51% of the total revenue generated globally led the overall motorcycle suspension system market. The demand for the standard bike is rising considerably with consistently growing middle class and upper middle class population, especially in Asia Pacific. Thus, this has a direct impact on the motorcycle suspension system market. Furthermore, the affordability offered by the slandered bikes are driving the growth of motorcycle suspension system market in the type segment. Additionally, based on the product types, the market is sub-divided into the front end and rare products. Among these, the front suspension products are projected to dominate the growth of motorcycle suspension system market over the forecast period.

"Asia Pacific Dominates the Market by Region"

Based on the geography, Asia-Pacific dominated the market by holding the largest market share of over 48% in the motorcycle suspension system market followed by Europe. The growing demand for the sportbikes and low replacement rate is the key factor that drives the growth of Asia Pacific motorcycle suspension system market. Furthermore, the rapidly growing automotive industry in China and India are promoting the growth of motorcycle suspension systems market in this region.

The adoption of advanced technology to improve the performance of high-end products are boosting the demand for motorcycle suspension system market. Moreover, North America also holds significant market share in the motorcycle suspension system market. The stringent regulations regarding road safety are promoting the growth of motorcycle suspension system market in North America.

Some of the prominent players operating in the motorcycle suspension system market include 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.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Motorcycle Suspension System market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Motorcycle Suspension System market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Motorcycle Suspension System market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Motorcycle Suspension System market?
• Which is the largest regional market for Motorcycle Suspension System market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Motorcycle Suspension System market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Motorcycle Suspension System market worldwide?