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Insights into Two-wheeler Shock Absorber Market: Analysis Report for 2024-2033
Two-wheeler Shock Absorber Market
Two-wheeler Shock Absorber Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $4.06 billion In 2028 At A CAGR Of 5.1% :
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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Two-wheeler Shock Absorber Market Major Segments
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
Key Driver - Surging Motorcycle Demand Fuels Growth In Two-Wheeler Shock Absorber Market
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.
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Prominent Trend - Technological Innovations Drive Advancements In The Two-Wheeler Shock Absorber Market
Technological innovations are a key trend gaining popularity in the two-wheeler shock absorber market. Major companies operating in the two-wheeler shock absorber market are introducing innovative products to sustain their position in the market. For instance, in June 2022, Öhlins Racing AB (Öhlins), a Sweden-based automotive industry company, launched the TTX22m.2 shock. The new and improved second iteration of the original TTX22m. This updated and enhanced product range with TTX technology provides greater bottom-out performance, improved fitting, and easier stroke adjustment specifically designed for the trail and downhill. The new bump rubber, in conjunction with the cup it rests in, functions as a second spring, loading and releasing energy to ensure the rider returns to position quickly and smoothly after a severe compression.
Two-wheeler Shock Absorber 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
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the two-wheeler shock absorber market in 2023. The regions covered in the two-wheeler shock absorber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Two-wheeler Shock Absorber Market Report Structure
3. Two-wheeler Shock Absorber Market Trends And Strategies
4. Two-wheeler Shock Absorber Market - Macro Economic Scenario
5. Two-wheeler Shock Absorber Market Size And Growth
…..
27. Two-wheeler Shock Absorber Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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