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Future of Two-wheeler Shock Absorber Market: Size, Share & Forecasts to 2029
Two-wheeler Shock Absorber
What Is the Projected Market Size Valuation of the Two-wheeler Shock Absorber Market by 2025?
The market size of the two-wheeler shock absorber has witnessed consistent growth over the recent years. It is projected to expand from $3.29 billion in 2024 to $3.39 billion in 2025, registering a compound annual growth rate (CAGR) of 3.2%. The growth witnessed during the historical period can be attributed to various factors such as an increase in disposable income, greater government funding aimed at enhancing vehicle safety, a surge in the demand for motorcycles, and an escalation in the incidents of road accidents involving two-wheelers.
What Is the Estimated Market Growth Value for the Two-wheeler Shock Absorber Industry in 2029?
Expect a robust expansion in the two-wheeler shock absorber market in the upcoming years, reaching $4.13 billion by 2029 with a 5.0% CAGR. This predicted growth is driven by factors such as an increase in women bikers, population growth, and heightened urbanization. The forecast period also reveals emerging trends such as adjustable mono-suspension shock absorbers, advanced dual-suspension shock absorbers, motorcycle suspensions implementing hydraulic technology, and innovative product advancements focusing on enhanced performance and adjustability.
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What Are the Growth Drivers and Opportunities in the Two-wheeler Shock Absorber Market?
The escalating interest in motorcycles is anticipated to spur the expansion of the two-wheeler shock absorber market. Bikes, defined as two-wheeled vehicles principally used for transport and especially as motorized personal conveyance, necessitate the use of two-wheeler shock absorbers that govern the suspension of the bike ensuring vibrations and bumps are minimized. This surge in motorcycle demand consequently elevates the requirement for the two-wheeler shock absorber market. To illustrate, Zippia, a career matchmaker operating in the US, has reported that bicycle sales in the US climbed to 52 million in November 2022, seeing approximately a 57% surge between 2020-2021. Thus, the rise in motorcycle demand is fuelling the development of the two-wheeler shock absorber market.
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What Are the Primary Segments Covered in the Global Two-wheeler Shock Absorber 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), After market
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
What Are the Top Growth Trends in the Two-wheeler Shock Absorber Market?
Technological advancements are emerging as a significant trend in the two-wheeler shock absorber sector. Leading players in the sector are unveiling inventive products to maintain their market standing. To illustrate, Öhlins Racing AB (Öhlins), an auto industry firm in Sweden, in June 2022, put forth the TTX22m.2 shock, an updated version of the original TTX22m. This renewed and augmented product portfolio boasting TTX technology delivers superior bottom-out performance, enhanced fitting, and seamless stroke adjustment, specially tailored for the trail and downhill. This new bump rubber, coupled with the cup it nests in, serves as another spring, storing and discharging energy to ensure prompt and smooth return to position of the rider after an intense compression.
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Which Companies Are Shaping the Future of 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
Which Region Holds the Largest Market Share in the Two-wheeler Shock Absorber Industry?
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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