According to the recent study, the motorcycle suspension system market is expected to register moderate growth during the forecast period owing to the increasing frequency of suspension replacement, growing population, and increased demand for comfort is expected to drive the growth of the market. Growing two-wheeler sales coupled with worsening transport infrastructure and growing fuel prices around the world are expected to bolster the growth of the motorcycle suspension systems market. A recent study released by Fact.MR estimates that the factors will aid the growth of the global motorcycle suspension system market which is anticipated to cross the US$ 1.5 million valuation mark in 2020.
Controlled fuel emission capabilities, improved efficiency, and cost efficiency have contributed amply towards surged two-wheeler sales globally, further allowing the OEM fringe to gain greater acceptance, more particularly across emerging economies where presence of tier 1 OEMs is concentrated across developing regions. Besides conventional two-wheelers such as scooters and motorcycles, growth in motorcycle suspension systems space is closely maneuvered by emerging electric bike segment round the globe, more emphatically across developed countries.
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Recent times have seen a comprehensive increase in the sales of two-wheelers around the world which, in turn, is boosting the demand for suspension systems. A substantial increase in the demand for two-wheelers can be attributed to the absence of last mile connectivity to rural areas. In addition to this, the relative affordability of two-wheelers makes this form of transportation an attractive option for consumers which has given rise to a trend of having multiple two-wheelers in a single household. Further, increasing traffic congestion is making commutation lengthy when opting for traveling in four-wheelers. Owing to these factors and the growing prices of fuel, consumers are gradually shifting to using two-wheelers for their commute. Another key factor that is causing a burgeoning in the demand for two-wheelers are the added features to improve the overall performance of these vehicles. Improved mileage, low maintenance cost, and larger fuel tanks are some of the value-added features that are luring in an increasing number of new consumers.
APEJ region is likely to demonstrate feasible opportunities in motorcycle suspension system market. Notable triggers such as favorable economic triggers, surged industrial output and constantly advancing automotive industry are anticipated to propel magnanimous growth in motorcycle suspension system market.
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The report is poised to equip readers with reliable details on market developments, in the ambit of competitive foresight and cues on market entry barriers. Based on such decisive insights, aspiring entrants as well as established players in motorcycle suspension system space can employ lucrative investment discretion to ascertain sustainable revenue pools amidst staggering competition. To provide readers with superlative understanding, the report is systematically clustered into coherent chapters. A dedicated chapter on market segmentation has been pinned in the trailing sections of the report to include veritable details on segments’ historic as well as upcoming growth estimations. Further in the course of the report readers are also enlightened about regional assessment of pivotal factors. The report also entails a country-wise assessment and forecast estimations for motorcycle suspension system market.
Some of the key players operating in the motorcycle suspension system market are Duro Shox Pvt. Ltd., BMW Motorrad, Gabriel India Ltd., KYB Corporation, Progressive Suspension Inc., Nitron Racing Shocks, ZF Friedrichshafen AG, SHOWA Corporation, K-Tech Suspension, Inc., WP-Group, Ohlins USA, Nitron Racing Shocks, BITUBO S.r.l., Tractive Suspension, ABE Bike Engineering, RST Suspension, Traxxion Dynamics, Mupor Srl, and Marzocchi Moto.
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Booming Two-wheeler Sales to Prove a Vital Revenue Pocket for the Motorcycle Suspension System Marke
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