Global Motorcycle Suspension Systems Market Size Analysis, 2019-2028
|REPORT ID: BKR1032||Domain: Automotive & Transport||Published Date: May 2019|
|Pages: 270+||Format: PDF|
Motorcycle Suspension Systems market size is estimated to be valued over US$ 1,459 million in 2019 and will register a CAGR of 4.7% between 2018 and 2028. These suspension setup primarily consists of two telescopic tubes at the front and a swingarm mounted with shock absorber at the rear. These suspension systems provides stability to the vehicle while braking and offer comfort to the rider and pillion during bumps. Demand for motorcycle suspension systems will heighten with increasing sales of motorcycles worldwide. Growing population, emergence of new motorcycle models, and rise in per capita income has led to huge ecosystem for two wheeler and allied sectors including suspension system manufacturers. Sales will continue to register upward trajectory growth throughout the forecast period. Sales of motorcycle has heightened in urban areas. This is mainly attributed to increased population density and limited infrastructure. As such, motorcycle has been a major source of transport in urban areas especially in developing regions.
Electric Motorcycle to Create Huge Revenue Opportunity for Motorcycle Suspension Systems Vendor
Various leading motorcycle manufacturers are gradually shifting towards electric mobility. Many government has formulated policies and are subsidizing the product to boost electric vehicles. As a result, many new motorcycle entrants has emerged in the market. Electric mobility segment will create double digit growth opportunity for industry players. Long term partnership with e-motorcycle vendor could help motorcycle suspension manufacturers to generate huge revenue during the forecast period as well as strengthen the base in electric mobility segment.
Aftermarket to witness Fastest Growth during the Forecast Period
While motorcycle suspension systems market continue to dominate sales through OEM, aftermarket will register fastest growth during the forecast period. The trend is stronger in India and China wherein, replacement rate for suspension systems is higher than rest of world.
Motorcycle suspension system market in OEM is highly consolidated with top seven players accounting for 63% of global share. These players primarily focus on product innovation in order to meet end-user requirement.
Global Motorcycle Suspension Systems Market Size and Forecast: Regional Analysis
Globally, Asia Pacific accounted for 59% of global share in 2018. Sales in the region is primarily driven by higher motorcycle sales in China and India. The two region collectively accounts over 71% of total motorcycle sales. Several macroeconomic factors has also contributed to burgeoning sales in the region. Rapid urbanization, high population density, rising per capita income and changing lifestyle are few factors that has bolstered the growth in the region. The region not only dominates the global sales but also leads in net production. China and India have automotive cluster zone. Lower production cost has been a driving force behind flourishing automotive industry in the region. AEAN is another key destination for players. Free Trade Agreement is expected to boost economic prosperity in the region. Moreover, the region has some of the highest population density city such as Manila and Singapore City. Electric Motorcycle is expected to be on the road in large numbers by 2028.
North America is another key destination for industry players. The region is well known for presence of sports motorcycle and is home to some of the world’s leading motorcycle manufacturers including Harley Davidson. North America motorcycle suspension systems market is expected to register a CAGR of 3.8% between 2019 and 2028. This is higher than the GDP of the country. Higher growth is attributed to growing motorcycle sales in the region especially electric motorcycle and ride sharing concept.
Global Motorcycle Suspension Systems Market Size and Forecast: Competition Landscape
Some key Motorcycle Suspension Systems market players are:
- BMW Motorrad
- KYB Corporation
- Gabriel India Ltd.
- Nitron Racing Shocks
- Traxxion Dynamics
- Tractive Suspension
- BITUBO S.r.l.
- ABE Bike Engineering
- Duro Shox Pvt. Ltd.
- SHOWA Corporation
- Nitron Racing Shocks
- Progressive Suspension Inc.
- K-Tech Suspension, Inc.
- ZF Friedrichshafen AG
- Marzocchi Moto
- Mupor Srl,
By Vehicle Type:
- Conventional Motorcycles
- Electric Motorcycles
- Electric Scooters
By Distribution Channel:
By Suspension Type:
What Will You Discover in the Report?
- An in-depth analysis of the Motorcycle Suspension Systems market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Motorcycle Suspension Systems market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Motorcycle Suspension Systems market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Motorcycle Suspension Systems industry during the forecast period
- Who are the Motorcycle Suspension Systems industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Motorcycle Suspension Systems Industry Suppliers
- Motorcycle Suspension Systems Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
Analyst access with Bekryl Market Analysts
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