Two-wheeler Suspension System Market by Product Type (Atmospheric-Pressure Chemical Vapor Deposition (AP CVD), Others),End User,Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026.
Global Two-wheeler Suspension System market is expected to reach to USD xx Million by 2026 at a CAGR of xx% during the forecast period from 2019-2026.Rise in demand for microelectronics and semiconductor devices and increased applications of the technology for several end-users are the two factors affecting the demand of the market.
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The OEMs segment is dominating the market with the highest share of 39.90% in 2018
The sales channel segment is segmented into OEM and aftermarket. The memory manufacturers is dominating the market in 2018.OEMs continue to bank on using passive suspension systems in two-wheelers owing to their simple design and durability. Demand for independent front suspension is estimated to remain high in the foreseeable future owing to the system providing an assortment of benefits such as better handling, steering, cornering, and stability while providing more comfort while riding the bike.
Motorcycle segment dominated the market and valued around USD 601.03Billion in 2018
The application segment is segmented into motorcycle and scooter. The motorcycle segment is dominating the market in 2018. The increased demand for commuter motorcycles in emerging economies is due to the presence of a large base of middle-class population. For instance, the Gabriel India (a flagship of ANAND Group), a regional vendor for suspension systems is growing due to the continuous new product launches.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. The Asia Pacific region is dominating the market with the highest share in 2018.The Asia Pacific region is dominating the market due to relatively stable economic conditions, rising industrial production and steady growth in automotive industry. The high sale of low-power and affordable motorcycles is one of the major reasons for the high growth of the two-wheeler suspension system market in this region
The major players of market include Gabriel India Ltd., ZF Friedrichshafen AG, SHOWA CORPORATION, KYB Corporation, DuroShox Pvt Ltd., Progressive Suspension, Inc., BMW Motorrad, BITUBO S.r.l., Öhlins USA, TFX Suspension Technology, K-Tech Suspension Limited, Nitron Racing Shocks, Marzocchi Moto and WP-Group, amongst others. For instance, Airotek Suspension Technologies (ASTPL), a part of the 20-year-old diversified Airotek Group, planned to introduce several innovative and first-time features in two-wheeler suspension systems.
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