Press release
Two-wheeler Shock Absorber Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Two-wheeler Shock Absorber Market
The Business Research Company presents an extensive market research report on the Two-wheeler Shock Absorber Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The two-wheeler shock absorber market size has grown strongly in recent years. It will grow from $3.17 billion in 2023 to $3.34 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to rise in disposable income, increase in government funding to improve vehicle safety, increased demand for motorcycles and rise in the number of road accidents in two-wheelers..
The two-wheeler shock absorber market size is expected to see strong growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rowing number of women riders, increasing population, and rising urbanization. Major trends in the forecast period include adjustable mono suspension shock absorbers, development of advanced dual suspension shock absorbers, use of hydraulic technology in motorcycle suspensions and innovative products with focus on improved performance and increased adjustment..
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Key Market Players:
Major companies operating in the two-wheeler shock absorber market report are ZF Friedrichshafen AG, KYB Corporation, Hitachi, Endurance Technologies Limited, Fox Racing Shox,Tenneco Inc, Anand Group, WP Suspension, Chongqing Chuandong Shock Absorber Manufacturing Co., Ltd., Hagon shocksHL Mando Corporation, HL Mando Corporation, Showa Corporation, Marelli Holdings Co., Ltd, Hitachi Astemo Ltd, ThyssenKrupp AG, TFX Suspension Technology, NJB Shocks Ltd, Wilbers Performance Suspension, Nitron Racing Systems Ltd, KONI, Bilstein Suspension Store, Falcon Shock Absorbers Ltd, Alois Kober GmbH, Pervouralsk Auto Parts Factory, Shock Factory, Olle Amortidors S. L, Matris Dampers, Meritor Inc, JRi Shocks, Penske Racing Shocks, Öhlins, Fras-le S.A
Market Drivers:
The increasing demand for motorcycles is expected to propel the growth of the two-wheeler shock absorber market going forward. Motorcycles refer to two-wheel vehicles used for travel and primarily as motorized personal transport. Two-wheeler shock absorbers provide control over the motorcycle movement suspension that ensures smoothened vibrations and bumps; as a result, increasing demand for motorcycles increases the need for the two-wheeler shock absorbers market. For instance, in February 2022, according to an article published by RevZilla, a US-based online motorcycle gear retailer Motorsport company, total motorcycle sales in the United States increased by 21.8% in 2021. Additionally, in November 2022, according to Zippia, a US-based career expert providing job recruitment services, the US bicycle sales increased to 52 million in 2022, with an approximate increase of 57% during 2020-2021. Therefore, the increasing demand for motorcycles drives the growth of the two-wheeler shock absorber market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/two-wheeler-shock-absorber-global-market-report
The two-wheeler shock absorber market covered in this report is segmented -
1) By Type: Metal Spring, Hydraulic Dashpot, Pneumatic Cylinders, Self-Compensating Hydraulic, Rubber Buffer, Collapsing Safety Shock Absorbers
2) By Technology: Mono Suspension, Dual Suspension
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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