Press release
Two-wheeler Shock Absorber Market Size Projected To Reach $4.25 Billion By 2034 With A Cagr Of 5.5%
Two-wheeler Shock Absorber
What Is the Projected Growth of the Two-wheeler Shock Absorber Market?
The market for two-wheeler shock absorbers has seen consistent growth over the past few years. The market size is projected to rise from $3.29 billion in 2024 to $3.43 billion in 2025, registering a compound annual growth rate (CAGR) of 4.5%. Factors contributing to this growth during the historic period include an increase in disposable income, government initiatives to enhance vehicle safety, heightened demand for motorcycles, and an escalating number of road accidents involving two-wheelers.
The market size for two-wheeler shock absorbers is predicted to experience substantial growth in the upcoming years. The market is forecasted to expand to a value of $4.25 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. This projected expansion in the forecast period is linked to the rising number of female riders, escalating population, and increasing urbanization. Prominent trends during this period encompass adjustable mono-suspension shock absorbers, advancement in dual-suspension shock absorbers, the application of hydraulic technology in motorcycle suspensions and the introduction of innovative products aimed at enhanced performance and amplified adjustment.
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What Are the Different Two-wheeler Shock Absorber Market 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
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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What Are the Primary Drivers Shaping the Two-wheeler Shock Absorber Market?
The growth of the two-wheeler shock absorber market is expected to be boosted by the rising demand for motorcycles. Motorcycles, which are two-wheeled vehicles commonly used for travel and primarily for motorized personal transport, necessitate the use of two-wheeler shock absorbers. These absorbers give the motorcycle suspension control, smoothing out vibrations and bumps, meaning the higher the demand for motorcycles, the greater the need for the two-wheeler shock absorbers market. For instance, Zippia, a US-based career guidance firm providing job recruitment services, noted in November 2022 that US bicycle sales had escalated to 52 million in 2022, marking around a 57% increase between 2020 and 2021. Consequently, the escalating demand for motorcycles propels the expansion of the two-wheeler shock absorber market.
Which Companies Are Leading in the Two-wheeler Shock Absorber Market?
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
What Are the Major Trends Shaping the Two-wheeler Shock Absorber Market?
Technological advancements are emerging as a prominent trend in the two-wheeler shock absorber market. To maintain their market standing, dominant firms in the two-wheeler shock absorber market are unveiling inventive products. For example, in June 2022, Öhlins Racing AB (Öhlins), a Sweden-based company in the automotive industry, unveiled the TTX22m.2 shock. This is an enhanced, second version of the original TTX22m. The updated product line with TTX technology boasts improved bottom-out performance, better fitting, and simpler stroke adjustment, specifically crafted for trail and downhill rides. The novel bump rubber, combined with its resting cup, functions like an additional spring, storing and releasing energy to assure rapid and smooth rider return post severe compression.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Two-wheeler Shock Absorber Market?
2. What is the CAGR expected in the Two-wheeler Shock Absorber Market?
3. What Are the Key Innovations Transforming the Two-wheeler Shock Absorber Industry?
4. Which Region Is Leading the Two-wheeler Shock Absorber Market?
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