Global Motorcycle Suspension Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The rising sales of motorcycles, mainly due to their better safety feature and best comfort while riding as compared to four wheelers and no cost of maintenance too. In the current scenario, demanding high-speed motorcycle purchase in young and mid-level age category, rise in purchase power of racing bikes with increase in spending more towards better standard feature’s. This factor is expected to impact more on the growth of Motorcycle Suspension market.
Based on the type, Rigid suspensions segment is expected to hold the largest share in the market during the forecast period due to fuel efficient, increasing demand in Asia pacific, rigid suspensions are in trends and also enable vehicles to absorb abrupt road shocks produced due to bumps on roads, protect from back injuries and offers benefits such as improved vehicle driving, braking, and cornerin. They are also help in maintaining contact between tires and the road, via this it also increasing the lifespan of the vehicle, and easy to usage. OEM market segment is also expected to lead the market growth. The report provides details list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of the market are the rise in production of vehicle into the automotive sector, various types of vehicle segment are available in the market, growth in the need for aromatherapy, high focus on fuel efficacy improvement, The world’s governments have responded to these market forces by imposing various legislation on automotive original equipment manufacturers (OEMs) for improved fuel economy and emission control. Technological advancements in the market such as introduction of steel springs, independent suspension axle system. Growing affordability of middle-class spending on purchasing is also propelling the market growth and at the same time, low cost of motorcycle and changing government policy will act as a restraint to the market.
In terms of region, Asia pacific is expected to hold the largest share in the market during the forecast period owing to increased automation sector, Asia Pacific is projected to lead global growth through 2025, driven by vehicle production and sales in the region with an increase in revenue of 17.8%, though different countries will have different drivers. The Asia Pacific is also expected to lead the market growth in the forecast period due to rising per capita income, changing living standards of consumers, and the middle-class population is increasing in this region such as in India and China. The rising motor demand will play a big part in this. India and China are forecast to be the two fastest-growing markets in Asia Pacific for electric motors.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Key player’s studies, analyzed, profiled and benchmarked in Motorcycle Suspension Market are Bajaj Auto, Marzocchi Moto, Nitron Racing Shocks, FTR Suspension, Showa, Duro Shox Pvt Ltd, BMW Motorrad, TFX Suspenion, BITUBO, ZF Friedrichshafen AG, Gabriel India, KYB, Continental, Marzocchi Moto, Ohlin’s Racing, Progressive Suspension, TFX Suspension Technology, WP Group and K-Tech Suspension Limited.
Scope of the Report for Motorcycle Suspension Market
Global Motorcycle Suspension Market, by Type
• Rigid suspensions
• Swingarm suspensions
• Telescopic forks
Global Motorcycle Suspension Market, by Location
• Mono Suspension
• Multi Suspension
Global Motorcycle Suspension Market, by Motorcycle Type
• Standard Motorcycles
• Sports Motorcycles
• Cruiser Motorcycles
• Dirt bikes
• Others
Global Motorcycle Suspension Market, by Sales Channel
• Original Equipment Manufacturers (OEMs)
• Aftermarket
Global Motorcycle Suspension Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Motorcycle Suspension Market
• Bajaj Auto
• Marzocchi Moto
• Nitron Racing Shocks
• FTR Suspension
• Showa
• Duro Shox Pvt Ltd
• BMW Motorrad
• TFX Suspenion
• BITUBO
• ZF Friedrichshafen AG
• Gabriel India
• KYB
• Continental
• Marzocchi Moto
• Öhlins Racing
• Progressive Suspension
• TFX Suspension Technology
• WP Group
• K-Tech Suspension Limited
For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-motorcycle-suspension-market/23238/
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