The motorcycle suspension system market is projected to reach $2.4Bn by 2029, growing at a 5% CAGR. Key trends include OEM agreements and aftermarket sales.
As per changing consumer buying behavior, motorcycle suspension system is gaining stature as a key performance indicator in motorcycles. The growth of the motorcycle suspension system market is directly related to the production and on-road fleet of two wheelers. Motorcycle suspension system market is anticipated to reach ~US$ 2.4 Bn by the end of 2029 and is expected to grow at ~5% CAGR in the forecast period of 2019-2029. Rising usage of motorcycles for recreational purposes is resulting in increasing demand for shock absorbers for long-distance touring.
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Motorcycle Suspension System Market Key Takeaways
New players at global and regional levels can reap rich benefits by focusing on replacement and aftermarket sales, riding on the new trend of retrofitting and customizing motorcycles.
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Motorcycle Suspension System Market: Segmentation
The global motorcycle suspension system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Product
Sales Channel
Technology
Motorcycle
Region
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ASEAN Countries Emerging as Growth Hub for Market Players
The motorcycle suspension system market is fairly consolidated, with key market players such as Gabriel India Limited, ZF Friedrichshafen AG, Showa Corporation, KYB Corporation, and BMW Group accounting for significant share of the total market value. The participation of local companies carrying technical licensing agreements with foreign brands has substantially contributed to the development of the motorcycle production and assembly market in ASEAN countries.
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The article discusses the growth of the motorcycle suspension system market, projected to reach $2.4Bn by 2029.
How are OEM agreements impacting the market? They are crucial for market participants to secure a competitive edge.
What opportunities exist for new players? Focusing on aftermarket sales and retrofitting can be beneficial.
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