NEW
YORK, June 17, 2024 /PRNewswire/ -- The
global motorcycle suspension systems market size is
estimated to grow by USD 230.1
million from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 6.28% during the
forecast period. Increased electrification of mechanical components
in motorcycles is driving market growth, with a trend
towards growing demand for dual bending valve front fork
technology among automotive OEMs. However, stringent
regulations against internal combustion engine (ice) vehicles
poses a challenge. Key market players include Arnott LLC,
Bayerische Motoren Werke AG, BITUBO Srl, Dah Ken Industrial Co.
Ltd., Duroshox Pvt. Ltd., Endurance Technologies Ltd., Fox Factory
Holding Corp., GP Suspension, Hero MotoCorp Ltd, Hitachi Ltd., K
Tech Suspension Ltd., KYB Corp., Matris Srl, Mupo Srl, Nitron
Racing Systems Ltd., Penske Racing Shocks, PIERER Mobility AG,
Tenneco Inc., TFX Suspension Technology, and ZF Friedrichshafen
AG.
![Technavio has announced its latest market research report titled Global motorcycle suspension systems market 2024-2028 Technavio has announced its latest market research report titled Global motorcycle suspension systems market 2024-2028](https://mma.prnewswire.com/media/2438714/IRTNTR44351_bw2.jpg)
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Channel (OEM and
Aftermarket), Type (Front suspension and Rear suspension), and
Geography (APAC, North America, Europe, South America, and Middle
East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Arnott LLC, Bayerische
Motoren Werke AG, BITUBO Srl, Dah Ken Industrial Co. Ltd., Duroshox
Pvt. Ltd., Endurance Technologies Ltd., Fox Factory Holding Corp.,
GP Suspension, Hero MotoCorp Ltd, Hitachi Ltd., K Tech Suspension
Ltd., KYB Corp., Matris Srl, Mupo Srl, Nitron Racing Systems Ltd.,
Penske Racing Shocks, PIERER Mobility AG, Tenneco Inc., TFX
Suspension Technology, and ZF Friedrichshafen AG
|
Key Market Trends Fueling Growth
Showa's dual bending valve front fork technology, showcased at
EICMA, offers cartridge-style fork performance at a lower cost and
weight. This technology, used in suspensions like
Harley-Davidson's, reduces weight by 250 grams per unit and
provides equivalent performance to cartridge forks. The free valve
structure limits compression damping force, resulting in improved
control and reduced harshness. This technology's competitive
pricing is expected to expand its applications in the motorcycle
suspension systems market, contributing to its growth during the
forecast period.
The Motorcycle Suspension Systems market is experiencing
significant growth due to advancements in technology. Custom
motorcycles and touring motorcycles are driving the demand for
motorcycle suspension systems. Comfort and control are key factors
in motorcycle suspension systems. Adjustable suspension systems are
popular as they offer riders the ability to customize the ride
based on road conditions. Shock absorbers and forks are essential
components of motorcycle suspension systems.
Manufacturers are focusing on developing lightweight and durable
suspension systems to enhance performance and reduce weight.
Additionally, the integration of electronics and sensors in
suspension systems is a trend in the market. Overall, the
Motorcycle Suspension Systems market is expected to continue
growing due to increasing demand for customization and performance
enhancement.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global motorcycle suspension systems market faces
challenges due to increasing vehicular emission norms. Air
pollution from vehicle emissions causes health issues and
fatalities, particularly in densely populated areas. Major
contributors to air pollution include the automotive industry,
which is the second-largest source of greenhouse gases. Governments
worldwide are implementing emission standards, such as Euro norms,
CAFE standards, and Japanese long-term emission standards, to
reduce emissions. These regulations may negatively impact the
demand for Internal Combustion Engine (ICE) motorcycles,
potentially hindering market growth during the forecast
period.
- The Motorcycle Suspension Systems market faces several
challenges. One key challenge is the need for balance between
comfort and performance. Motorcycles require suspension that can
effectively absorb shocks while maintaining control and stability.
However, riders also seek comfort for long rides.
- Another challenge is the diversity of motorcycle types and
usage. Different motorcycles require specific suspension solutions
for off-road, touring, or racing applications. Additionally, the
increasing use of electric motorcycles adds complexity, as their
weight distribution and power delivery differ from traditional
motorcycles. Furthermore, regulatory requirements and consumer
preferences for safety and sustainability further complicate the
market landscape.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
- Channel
- Type
- 2.1 Front suspension
- 2.2 Rear suspension
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 OEM- The Motorcycle Suspension Systems
market is a significant sector within the automotive industry.
These systems ensure optimal vehicle performance and rider comfort
by managing shock absorption and stabilization. Key players in this
market include companies like Ohlins, KYB, and Showa.
They provide various types of suspension systems, such as
telescopic, monoshock, and inverted forks, catering to diverse
motorcycle models and customer preferences. The market's growth is
driven by factors like increasing motorcycle sales, technological
advancements, and rising consumer demand for enhanced riding
experience.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Motorcycle Suspension Systems Market encompasses various
components such as forks, fork tubes, front suspension, front
wheel, springs, dampers, and shocks. These systems play a crucial
role in vehicle handling, braking, safety, and comfort for riders
of all ages, including older people and youth. Motorcycles and
scooters equipped with advanced suspension systems, like customized
suspension for off-road riding or traditional bikes for leisure
activities, experience enhanced performance. Impacts on roads and
bumps are effectively absorbed by the suspension systems, reducing
road noise and vibrations.
Automobile OEMs continually innovate by integrating technologies
like disc brakes, ABS systems, and OEM manufacturers' suspension
replacement parts to improve overall riding experience. Suspension
systems include components like shocks and shock absorbers, which
are essential for maintaining optimal vehicle performance and
ensuring rider safety.
Market Research Overview
The Motorcycle Suspension Systems market encompasses the
production and supply of various suspension components for
motorcycles. These systems ensure optimal vehicle performance by
absorbing shock and maintaining contact between the tires and the
road. Motorcycle suspension systems consist of forks, shocks,
springs, and other related components. Forks and shocks are
essential parts of the front and rear suspension systems,
respectively.
Springs provide the necessary force to compress and extend the
suspension system. Performance-enhancing features, such as
adjustability and damping control, are increasingly popular in
modern motorcycle suspension systems. Additionally, materials like
carbon fiber and titanium are used to reduce weight and improve
durability. The market for motorcycle suspension systems is driven
by factors such as growing demand for high-performance motorcycles
and increasing consumer awareness of the importance of suspension
systems in ensuring a comfortable and safe riding experience.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Channel
-
- Type
-
- Front Suspension
- Rear Suspension
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio