The global motorcycle suspension system market is projected to reach a valuation of USD 499.8 Million in 2023, driven by the growth in motorcycle suspension performance. The trend is registered to create new opportunities for the market, leading to an assumed CAGR of 6.05% between 2023 and 2033, and reaching a total valuation of approximately USD 899.3 Million by 2033.
The motorcycle suspension system is highly used in the efficient handling and braking of the vehicle. The growth of the motorcycle suspension system market has increased in demand due to the two-wheelers, that are rising and leading across all over the world.
Classic or modern motorcycles are augmenting market growth as the benefits are offered keenly by the suspension system. The accelerated rise in suspension replacements of classic vehicles is likely to contribute to the growth of the motorcycle suspension system market.
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Key Takeaways from the Motorcycle Suspension System Market Report:
- The United States predicted a market share of 35.2% in 2022.
- North America registered a market share of 43.2% in 2022.
- Europe was estimated to record a market share of 40.2% in 2022.
- The United Kingdom augmented to expand at a market share of 6.72% in 2022.
- India was forecasted to command 8.32% of the total market share in 2022.
- Japan was assumed to record 6.1% of the total market share in 2022.
Competitive Landscape:
The motorcycle suspension system industry consists of a consequential number of market players. Research and development is one of them that is mainly used for the introduction of environmental-friendly product lines from the core aspect of these manufacturers. In addition to that, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.
Leading Key Players:
- 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.
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Recent Developments:
- In March 2023, The BMW Group expected to see profitable growth for the 2023 financial year. In a persistently challenging business environment, the company anticipated a very dynamic increase in sales of electric vehicles.
- In January 2023, under an expanded Joint Development Agreement, BMW Group and Solid Power added a research and development license as a basis for their common next steps.
This license enabled BMW to establish an all-solid-state battery (ASSB) prototype line in its Cell Manufacturing Competence Center (CMCC) in Parsdorf near Munich.
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global motorcycle suspension system market providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the motorcycle suspension system market is segmented based on By Product Type :[ (Front Suspension-Telescopic Fork, Others), (Rear Suspension-Dual Shocks, Mono Shocks, Others)], By Sales Channel: (OEM, Aftermarket), By Technology: (Passive, Active/Semi-active), By Motorcycle Type : (Standard, Cruiser, Sports, Scooter, Mopeds, Others) and by Region: (North America, Latin America, Eastern Europe, Western Europe, the Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa)
Motorcycle Suspension System Market Segmentation:
By Product Type:
- Front Suspension
- Telescopic Fork
- Others
- Rear Suspension
- Dual Shocks
- Mono Shocks
- Others
By Sales Channel:
- OEM
- Aftermarket
By Technology:
- Passive
- Active/Semi-active
By Motorcycle Type:
- Standard
- Cruiser
- Sports
- Scooter
- Mopeds
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
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