Press release
Two-wheeler Shock Absorber Market to Advance at CAGR of 4.1% during Forecast Period 2022 to 2031
Motorcycle shock absorbers are oil pumps or hydraulic-like devices that help two-wheelers control the rebound and impact movement of bike suspension and springs. Bike absorbers ensure that the bike's tires are intact and remain in contact with the road surface at all times. They further smoothen vibrations and bumps. Decrease in contact of the tire with the road compromises the ability to brake, drive, and steer. The two-wheeler front fork is used to support the weight of the bike, which further enables the wheel to react to the damping system and bumps that reduce two-wheeler bobbing. Manufacturers of automotive components need to obtain the "Type Approval" legislative certification for the sale of automotive components. They also need to comply with quality standards of ISO TS/16949 & ISO 9001. The certification is granted to products that comply with a minimum set of technical, safety, and regulatory requirements.Access Complete Report of Two-wheeler Shock Absorber Market @ https://www.transparencymarketresearch.com/shock-absorber-for-twowheeler-market.html
The certification also allows the sale of other two-wheelers parts including lights, horns, signaling devices, seats, mirrors, and tires. The global two-wheeler shock absorber market is also anticipated to be driven by the introduction of advanced active and semi-active two-wheeler suspension systems in order to enhance the safety and comfort of the rider. For instance, the Bose suspension system comprises a set of control algorithms, power amplifier, and linear electromagnetic motor at each wheel. Such a combination of control software and hardware provides superior safety and comfort while riding a two-wheeler.
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Regional analysis of the two-wheeler shock absorber market is based on motorcycle and scooter production trends, demand, regulation changes, and political reforms. In terms of revenue, the two-wheeler shock absorber market in Asia Pacific grew significantly in 2021. Countries in Asia Pacific including China and India have witnessed the highest production and sale of two-wheelers. Rise in population and urbanization in these countries is a key factor driving the two-wheeler shock absorber market in the region. Asia Pacific has more number of two-wheelers and related component manufacturers. Furthermore, China's emergence as a global two-wheeler manufacturing hub, easy availability of raw materials, and cheap labor have augmented the demand for two-wheeler manufacturing in the region. Furthermore, implementation of vehicle emission norms and incentives offered by governments for the adoption of electric vehicles (EVs) has increased the demand for EVs in Asia Pacific. This is boosting the production of electric two-wheelers in the region. Rise in demand for sports and premium two-wheelers in China, India, and South Korea is further propelling the two-wheeler shock absorber market in the region.
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Europe holds substantial share of the two-wheeler shock absorber market owing to the increase in adoption of sports, luxury, and premium motorcycles; presence of large numbers of shock absorber manufacturers; and rise in disposable income among customers in the region.
Analysis of Key Players in Global Two-wheeler Shock Absorber Market
The global two-wheeler shock absorber market is fragmented, with the presence of large number of manufacturers that control majority of the share. Key companies hold the potential to upsurge the pace of growth by adopting newer and advanced technologies and making consistent changes in their two-wheeler models. Mergers and acquisitions and development in product portfolios are major strategies adopted by key players.
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Some of the manufacturers that operate in the global two-wheeler shock absorber market are KYB Corporation, ZF Friedrichshafen AG, Tenneco Inc., ANAND Group, Mando Corp., Marelli Holdings Co., Ltd., Meritor Inc., Thyssenkrupp AG, Yamaha Corporation, Showa Corporation, TFX Suspension Technology, Nitron Racing Systems Ltd., Hagon Shocks, and NJB SHOCKS.
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