Press release
Global Two-wheeler Shock Absorber Market to Reach $4.25 Billion by 2029, Growing at 5.5% CAGR
Two wheeler Shock Absorber Market Size
The surge in motorcycle demand is foreseen to stimulate the expansion of the two-wheeler shock absorber market in the future. Motorcycles are primarily utilized for transportation and are often classified as motorized personal transport. The simultaneous growth in demand for two-wheeler shock absorbers is mainly due to the control they provide over a motorcycle's suspension system, resulting in reduced vibrations and smoother rides. Citing an example from November 2022, Zippia, a leading US career expert offering job employment services, reported that US bicycle sales had risen to 52 million in 2022, marking an estimated growth of about 57% from 2020 to 2021. Consequently, the escalating interest and demand for motorcycles contribute significantly to the expansion of the two-wheeler shock absorber market.
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What Is the projected market size and growth rate for the two-wheeler shock absorber market?
The market for two-wheeler shock absorbers has seen a consistent increase in size over the past few years. The forecasted growth shows it moving from $3.29 billion in 2024 to $3.43 billion in 2025, marking a compound annual growth rate (CAGR) of 4.5%. The expansion experienced in the past was due to factors like increased disposable income, more government funds dedicated to vehicle safety, a heightened demand for motorcycles, and an increase in road accidents involving two-wheelers.
The market size of two-wheeler shock absorbers is poised for substantial expansion in the coming years, with forecasts predicting a value of $4.25 billion by 2029 and a compound annual growth rate (CAGR) of 5.5%. Contributing factors to this advancement during the forecast period include an increase in women bikers, population growth, and escalated urbanization. Key trends projected for the period include the emergence of adjustable mono-suspension shock absorbers, progression in advanced dual-suspension shock absorbers, application of hydraulic technology in bike suspensions, and the introduction of innovative products concentrating on enhanced performance and superior adjustment.
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What are the emerging trends shaping the future of the two-wheeler shock absorber market?
Technological advancements are becoming a prevalent trend in the two-wheeler shock absorber industry. In a bid to maintain market dominance, key players in this sector are developing innovative shock absorbers. For example, Öhlins Racing AB, an automotive company based in Sweden, debuted its TTX22m.2 shock in June of 2022. This product is a revamped and enhanced version of the original TTX22m shock. The updated TTX shock absorber line offers superior bottom-out performance, improved fitting, and the ability to adjust the stroke more easily, making it a suitable design for trail and downhill use. The innovative bump rubber and its supporting cup function like an additional spring, storing and releasing energy to allow a rapid and smooth recovery of the rider's position after a harsh compression.
What major market segments define the scope and growth of the two-wheeler shock absorber market?
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
Subsegments:
1) By Metal Spring: Coil Springs, Leaf Springs
2) By Hydraulic Dashpot: Twin-Tube Dampers, Mono-Tube Dampers
3) By Pneumatic Cylinders: Single-Acting Pneumatic Cylinders, Double-Acting Pneumatic Cylinders
4) By Self-Compensating Hydraulic: Load-Sensitive Dampers, Variable Damping Force Dampers
5) By Rubber Buffer: Cellular Rubber Buffers, Solid Rubber Buffers
6) By Collapsing Safety Shock Absorbers: Telescopic Shock Absorbers, Crumple Zone Shock Absorbers
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Which region dominates the two-wheeler shock absorber market?
Asia-Pacific was the largest region in the two-wheeler shock absorber market in 2024. 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.
Which key market leaders are driving the two-wheeler shock absorber industry growth?
Major companies operating in the two-wheeler shock absorber market include 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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What Is Covered In The Two-wheeler Shock Absorber Global Market Report?
• Market Size Forecast: Examine the two-wheeler shock absorber market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the two-wheeler shock absorber market for a structured understanding.
• Key Players Overview: Analyze major players in the two-wheeler shock absorber market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the two-wheeler shock absorber market.
• Segment Contributions: Evaluate how different segments drive overall growth in the two-wheeler shock absorber market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the two-wheeler shock absorber market.
• Industry Challenges: Identify potential risks and obstacles affecting the two-wheeler shock absorber market.
• Competitive Landscape: Review strategic developments in the two-wheeler shock absorber market, including expansions, agreements, and new product launches.
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