Motorcycle Suspension System Market Globally Expected to Drive Growth through 2017-2027
Motorcycle Suspension System Market: Dynamics
Better handling and passenger safety are the most important factors which are expected to drive the market for global motorcycle suspension systems over the next decade. Furthermore, durability and cost-effectiveness of motorcycle suspension systems can be considered as prominent driving factors of the global motorcycle suspension system market. Moreover, the increasing demand for medium range motorcycles to cover moderate distances in regions, such as North America and Western Europe is expected to be another factor which can drive the global motorcycle suspension system market over the forecast period. Motorcycle suspensions can be modified with different valves, oils, springs, shims, etc. rather than completely replacing the whole suspension system.
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In a motorcycle, telescopic forks have the tendency to compress on application of brakes, causing the bike to dive in the forward direction and hence, result in accidents; this can hamper growth of the global motorcycle suspension system market.
Motorcycle Suspension System Market: Segmentation
The global motorcycle suspension system market is segmented on the basis of product type and control system. On the basis of product type, the global motorcycle suspension system market can be segmented into: rigid suspensions, swingarm suspensions, and telescopic forks. On the basis of control system, the global motorcycle suspension system market can be segmented into: passive and active/semi-active systems. On the basis of motorcycle type, the market can be segmented into: sports bikes, dirt & stunting bikes, cruiser, city bikes, and scooter & mopeds.
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Motorcycle Suspension System Market: Region-Wise Outlook
The Asia Pacific market is expected to dominate the global motorcycle suspension system market owing to the high adoption of motorcycles in countries with large populations, such as India and China. North America, followed by Western Europe is expected to show significant growth due to the high demand of motorcycles in the region. Consequently, demand for premium bikes in Germany and the U.S. is expected to fuel growth of the global motorcycle suspension system market over the forecast period. Eastern Europe and Latin America are also expected to show considerable growth in the global motorcycle suspension system market owing to the demand for motorcycles in the region. Demand from countries, such as UAE, Saudi Arabia, Qatar, etc. for premium bikes is expected to drive the Middle East and Africa motorcycle suspension system market.
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