the “Motorcycle Suspension System Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021 to 2029” report was added to ResearchAndMarkets.com offer.
Globally, the motorcycle suspension systems market is expected to grow at a CAGR of 4.8% during the forecast period, from $ 1.66 billion in 2020.
At present, the automotive industry is undergoing several changes to improve safety and comfort. Suspension systems play an important role in modern bicycles to provide comfort by isolating shocks, vibrations and noise. They are also used in the effective handling and braking of the vehicle. The demand for two-wheelers is increasing rapidly all over the world, which is mainly driving the growth of the motorcycle suspension systems market. In addition, the advantages offered by the suspension system to classic or modern motorcycles increase the growth of the market.
The rapid increase in suspension replacements of conventional vehicles is likely to contribute to the growth of the motorcycle suspension systems market. In addition, factors such as increasing per capita income, growing demand for high powered motorcycles and growing population are also positively impacting the Motorcycle Suspension Systems market. On the other hand, the high cost of maintenance and replacements is expected to hamper the growth of the market throughout the forecast period. Moreover, the introduction of lightweight components in passive suspension systems is expected to create several growth opportunities in the market.
Motorcycle suspension system with standard motorcycles will continue to dominate the market
In 2020, the segment of standard bicycle types contributing over 51% of the total revenue generated globally dominated the overall motorcycle suspension systems market. The demand for the standard bicycle is increasing dramatically with a growing middle class and upper middle class population, especially in Asia Pacific. Thus, this has a direct impact on the motorcycle suspension system market. In addition, the affordability offered by the slandered bikes is driving the growth of the motorcycle suspension systems market in the types segment. Moreover, based on product types, the market is further subdivided into front end products and rare products. Among these, front suspension products are expected to dominate the growth of the motorcycle suspension systems market during the forecast period.
Asia-Pacific dominates the market by region
Based on geography, Asia-Pacific has dominated the market with the largest market share of over 48% in the motorcycle suspension systems market, followed by Europe. Rising demand for sports motorcycles and low replacement rate are the key factor driving the growth of the motorcycle suspension systems market in Asia-Pacific. In addition, the rapidly growing automotive industry in China and India is promoting the growth of the Motorcycle Suspension Systems market in this region.
Key questions answered in this report
What was the size of the Motorcycle Suspension System market in 2020 and forecast to 2029?
What is the largest regional market for types of motorcycles?
What are the main trends being followed in the motorcycle suspension systems market in different regions?
Who are the major motorcycle suspension companies in the market?
What are the key strategies adopted by the leading motorcycle suspension system companies in the market?
Unique data points in this report
Motorcycle Suspension System Penetration and Spending Statistics Worldwide
Recent trends in different regions in adoption of motorcycle suspension system for various applications
Notable developments underway in the motorcycle suspension system market
Attractive investment proposition for segments as well as geography
Comparative scenario for all segments for the years 2020 (actual) and 2029 (forecast)
Main topics covered:
Chapter 1 Preface
Chapter 2 Executive summary
Chapter 3 Market Dynamics
Chapter 4 Global Motorcycle Suspension System (MSS) Market Analysis, by Motorcycle Type, 2019-2029 (Billion US $)
Chapter 5 Global Motorcycle Suspension Systems (MSS) Market Analysis, by Product Type, 2019-2029 (Billion US $)
Chapter 6 Global Motorcycle Suspension Systems (MSS) Market Analysis, By Technology, 2019-2029 (Billion US $)
Chapter 7 North America Motorcycle Suspension System (MSS) Market Analysis, 2019-2029 (Billion US $)
Chapter 8 Europe Motorcycle Suspension Systems (MSS) Market Analysis, 2019-2029 (Billion US $)
Chapter 9 Asia-Pacific Motorcycle Suspension System (MSS) Market Analysis, 2019-2029 (Billion US $)
Chapter 10 Rest of the World (RoW) Motorcycle Suspension Systems (MSS) Market Analysis, 2019-2029 (Billion US $)
Chapter 11 Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/lsti7r
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210603005494/en/
Laura Wood, Senior Press Director
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900