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Technological Innovations Drive Advancements In The Two-Wheeler Shock Absorber Market Industry Trends Gaining Momentum in the Global Two-wheeler Shock Absorber Market
Two-wheeler Shock Absorber Market
What Will the Two-wheeler Shock Absorber Industry Market Size Be by 2025?
The market size for two-wheeler shock absorbers has seen consistent growth over the recent years. It is projected to expand from a value of $3.29 billion in 2024 to reach $3.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.5%. The notable growth observed in the past years is credited to several factors such as escalating disposable income, the government's increased investment towards vehicle safety, surging demand for motorcycles, and the increasing number of road accidents involving two-wheelers.
What's the Long-Term Growth Forecast for the Two-wheeler Shock Absorber Market Size Through 2029?
In the upcoming years, the two-wheeler shock absorber market is anticipated to witness robust growth. The market is projected to reach $4.25 billion by 2029, expanding at a compound annual growth rate (CAGR) of 5.5%. The surge during the forecast period can be credited to the escalating number of female riders, population increase, and growth in urbanization. Key trends for the forecast period incorporate adjustable mono-suspension shock absorbers, the creation of advanced dual-suspension shock absorbers, the application of hydraulic technology in motorcycle suspensions, and novel products emphasizing enhanced performance and increased adjustment.
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What Are the Key Growth Drivers Fueling the Two-wheeler Shock Absorber Market Expansion?
The growth of the two-wheeler shock absorber market is expected to be bolstered by the surging demand for motorcycles. Motorcycles, which are primarily used as a personal means of transport, are two-wheeled vehicles used for travel. The role of two-wheeler shock absorbers is to give control over the suspension of the motorcycle, ensuring a smooth ride by mitigating vibrations and bumps. As such, increased demand for motorcycles corresponds to an increased need for the two-wheeler shock absorbers market. In November 2022, Zippia, a career expert based in the US providing job recruitment services, noted that US bicycle sales escalated to 52 million in 2022, marking a hike of around 57% between 2020 and 2021. Hence, the rising demand for motorcycles is propelling the growth of the two-wheeler shock absorber market.
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What Are the Key Trends Driving Two-wheeler Shock Absorber Market Growth?
Emerging technological advances are a significant trend being observed within the two-wheeler shock absorber industry. Prominent companies in this sector are launching creative solutions to maintain market leadership. Case in point, Öhlins Racing AB (Öhlins), an automotive company based in Sweden, rolled out the TTX22m.2 shock in June 2022. This is a refined and advanced version of the original TTX22m model. The enhanced features of this TTX technology-driven range offer superior bottom-out performance, streamlined fitting, and simple stroke adjustment specifically curated for the trail and downhill riding. The fresh bump rubber, working in sync with the cup it is housed in, acts as an additional spring, absorbing and releasing energy for the rider to swiftly and smoothly resume position following intense compression.
How Is the Two-wheeler Shock Absorber Market Segmented?
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 Companies Are Leading the Charge in Two-wheeler Shock Absorber Market Innovation?
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
Which Regions Are Leading the Global Two-wheeler Shock Absorber Market in Revenue?
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.
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