Motorcycle Suspension Market: Global Industry Analysis and Forecast 2024-2030

Motorcycle Suspension Market was valued at USD 1.79 Bn. in 2023, and it is expected to reach USD 2.46 Bn. by 2030, exhibiting a CAGR of 4.7% during the forecast period (2024-2030)

The suspension of a motorbike has a dual purpose: it improves the vehicle's handling and braking while also providing safety and comfort by isolating the occupants from road noise, bumps, and vibrations. Long-term direct sales-supply agreements with automobile OEMs are a significant winning approach for motorcycle suspension system market participants. A suspension system is one of the few visible components that is progressively becoming one of the determining considerations when acquiring a motorbike.

Suspension systems are now being advertised as car USPs during new vehicle debuts and ads by key companies. Increasing leisure activities, such as off-road riding, represent an untapped opportunity for market participants to offer customised suspension systems in order to obtain a competitive edge.

Rising traffic congestion is an unavoidable phenomenon that results in lengthy commute times. This, in turn, is a crucial element driving customer interest in bikes and is expected to contribute to the growth of the motorcycle suspension system market in the future years. Scooters are currently trending over traditional motorbikes due to their simple handling, strong stability, and low price range. Scooters are liked by people of all ages, particularly the elderly, teens, and ladies. Passive motorcycle suspension system technology is expected to continue popular in the motorcycle suspension system industry across the world.To know about the Research Methodology:- Request Free Sample Report
Motorcycle Suspension Market Dynamics
Rising Demand for Comfort and Road Safety Among Consumers
Innovative and improved suspension system designs are expected to play a significant role in driving market expansion. Growing awareness of road safety, along with an increase in desire for comfort while riding, has driven manufacturers to develop improved suspension designs that contribute in improving vehicle performance. One of the primary areas of attention for manufacturers is the development of lightweight suspension systems. Showa, for example, introduced a new two blending valve front fork suspension system to replace the whole cartridge fork assembly. The low-cost mixing valve provides performance comparable to cartridge type assemblies while decreasing overall suspension system weight by roughly 250 grammes.

Motorcycle Innovations, an Australian business, has announced the successful manufacturing of a revolutionary suspension system that takes use of the two-wheeled-in-line vehicle geometry. The newly designed suspension system, which will replace the classic telescopic forks, provides the ideal balance of performance and stability. Unlike the standard telescopic fork system, which causes slop and flexes, the new suspension system will operate by maintaining the front wheel in line with the suspension geometry.

BMW Motorrad's Duolever front suspension technology is another significant advancement in the sector. The technology that underpins the Duolever front suspension system gives improved road grip, which aids in enhancing riding accuracy and precision.
Increasing Consumer Preference for Motorcycle
With the world's population growing, traffic congestion is at an all-time high in all cities. Motorcycles are gaining popularity among the general public as a convenient mode of transportation in congested areas. This aspect is driving the global market for motorcycle suspension systems. The market for motorcycle suspension systems is expected to grow rapidly from 2019 to 2028, owing to increased demand for bikes due to its fuel economy. Rising fuel and natural gas costs are driving the global motorbike suspension system market. Online shopping has grown in popularity around the world in recent years.

As a result, the number of delivery service companies is increasing significantly. They favour the usage of motorbikes for transportation while delivering their goods. The primary reason for this preference is the cost-effectiveness and speed of motorbike transportation. This aspect is propelling the global motorbike suspension system market forward.
Increase in Booming Two-wheeler Sales in the Market
Recently, there has been a significant growth in the global sales of two-wheelers, which is driving up demand for suspension systems. The lack of last-mile connection to rural regions has resulted in a significant surge in demand for two-wheelers. Furthermore, the relative cost of two-wheelers makes this mode of transportation appealing to customers, giving birth to a practise of having many two-wheelers in a single family.

Furthermore, growing road congestion is making commuting by four-wheeler more difficult. Because of these concerns, as well as rising gasoline expenses, people are gradually changing to riding two-wheelers for commuting. Another important reason driving up demand for two-wheelers is the addition of innovations that improve the overall performance of these vehicles. Improved mileage, lower maintenance costs, and larger fuel tanks are just a few of the value-added characteristics that are enticing a growing number of new customers.
Motorcycle Suspension Market Segment Analysis
Because of its increased manoeuvrability and stability over dual shock suspensions, mono shock rear suspension systems are expected to be the most popular product type. Mono shock rear suspension systems are installed on about 60% of two-wheelers. In 2023, the rear suspension systems product type segment is expected to be worth USD 986.3 Mn and account for 57.1% of the market. Hero Motocorp introduced the Xpulse 200 motorcycle in the Indian market in 2019, featuring a 200cc engine and mono shock with 10 Step adjustable Gas Charged rear Suspension measuring 170mm and Telescopic Front Suspension measuring 190mm.

The rise in demand for bespoke design and engineering with optional features in vehicles in a variety of sectors is boosting the market's growth pace. The trend of automotive personalization is being promoted by developed countries such as the United States and Japan. The rising trend of car personalization in industrialised nations is encouraging aftermarket growth, which is fueling the rise of automobile seat warmers in the aftermarket indirectly. The replacement/aftermarket category is expected to increase at a volume CAGR of 3.7% from 2024 to 2030. Increased suspension replacement rates owing to poor road conditions in various countries are predicted to improve aftermarket sales of suspension systems. When compared to the original equipment manufacturer, aftermarket items are less costly.
Motorcycle Suspension Market Regional Insights
A significant number of two-wheeler manufacturers throughout the world have had tremendous success in both home and international markets. Japanese, Indian, and Chinese manufacturers are among the most well-known names in the Asia Pacific area, and awareness for their goods has propelled a considerable increase in their respective market share, resulting in a huge gain in the motorcycle suspension system market. Strengthening industrial output, rising economies, and a continuous expansion of the automotive sector in the Asia Pacific area are expected to promote growth in the region's motorbike suspension system market.

Because of these reasons, the Asia Pacific region is expected to be the largest market for motorcycle suspension systems in terms of both volume and value. In terms of regional manufacturing facility development, India and ASEAN are likely to exceed North America and Eastern Europe. As a result, the growth of the motorcycle suspension system market in these regions is expected to be slower than that of the industry in other parts of the world.

The presence of local enterprises with technological licence agreements with multinational brands has significantly aided the growth of the ASEAN motorcycle production and assembly industry. To get a competitive advantage in Asia Pacific, key players in the motorcycle suspension system market are targeting ASEAN nations. Sports and cruiser monocycles are preferred over conventional monocycles in regions like as North America and Europe.

In these locations, manufacturers may create suspension systems aimed at the luxury motorbike category. The growing demand for bikes in tier-2 cities and rural regions of emerging nations in South East Asia and Eastern Europe is expected to drive the motorcycle suspension systems market forward. The incorporation of cutting-edge technologies like as electronic controlled suspension systems in traditional bikes and scooters is fueling the present market environment.

Europe is expected to have a fair global market share, with moderate increase in the sales over the forecast period. As environmental regulations and emission standards tighten, Germany and the United Kingdom are pushing the region's adoption of motorbikes. In Germany, the motorcycle suspension system market is expected to rise at a 5.3% CAGR during the forecast period. Furthermore, the region's growing popularity of electric motorbikes is likely to boost the industry. The EV sector in Germany remains robust due to good impression among end consumers. The overall mood and impression of European parts and component suppliers remains good.

The United States is expected to achieve a value of USD 14.7 million by the end of the forecast period. Because of the high discretionary personal income in North America, its customers are going more into leisure activities centred on traditional motorcycles and scooters. This, in turn, may have an effect on the motorbike suspension system market. Rising income rates in the countries have fueled the expansion of electric automobiles in the market. Rising demand for activities such as tourism and motorsport is driving the North American motorcycle suspension system market. The increase in motorcycling organisations centred around cruiser bikes in the country popularised by most desired motorcycles has also aided the region's market growth.
Research Methodology
Primary and secondary methods are used for collecting the data in the report. The research process involves the investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges.

All conceivable elements influencing the markets included in the report have been considered, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data. The market size for top-level markets and sub-segments has been consolidated, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast.

This data is combined and added with detailed inputs and analysis, and presented in the report. Extensive primary research was conducted to acquire information and verify the crucial numbers arrived at after comprehensive market engineering and calculations for market statistics; market size estimations; market forecasts; market breakdown; and data triangulation. Bottom-up technique has been utilized in the whole market engineering process, along with multiple data triangulation methodologies, to perform market estimation and forecasting for the overall market segments and sub-segments covered in the report.
Report Scope
The Motorcycle Suspension Market research report includes product categorization, product application, development trend, product application, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, and the most recent dynamic analysis, among other things. The study discusses the global market's drivers, opportunities, and limitations. It discusses the influence of various drivers, trends, and constraints on market demand during the forecast period. The research also outlines market potential on a global scale.

The research includes the production time, base distribution, technical characteristics, research and development trends, application sources, and raw material sources of significant Motorcycle Suspension Market firms in terms of production bases and technologies. The more precise research also contains the key application areas of market and consumption, significant regions and consumption, major producers, distributors, raw material suppliers, equipment providers, and their contact information, as well as an analysis of the industry chain relationship. This report's study also contains product specifications, manufacturing processes, cost structure, and data information organised by area, application, and application.
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Motorcycle Suspension Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.79 Bn.


Forecast Period 2024 to 2030 CAGR:
4.7%
Market Size in 2030:
US $ 2.46 Bn.


 Segments Covered:
by Product Type
Front Suspension
Telescopic Fork
Others
Rear Suspension
Dual Shocks
Mono Shocks
Others


by Sales Channel
OEM
Aftermarket


by Technology
Passive
Active/Semi-active


by Motorcycle Type
Standard
Cruiser
Sports
Scooter
Mopeds
Others



Motorcycle Suspension Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Motorcycle Suspension Market, Key Players are
1. Bajaj Auto
2. Gabriel India Limited
3. Marzocchi Moto
4. FTR Suspension
5. ZF Friedrichshafen AG
6. Endurance Technologies Limited
7. SHOWA CORPORATION
8. Continental
9. KYB Corporation
10. Duro Shox Pvt Ltd
11. Bayerische Motoren Werke AG
12. Dah Ken Industrial Co. Ltd.
13. BMW Group
14. WP Suspension GmbH
15. Arnott LLC
16. Nitron Racing Shocks
17. Öhlins Racing
18. K-Tech Suspension Limited
19. ANAND Group
20. Progressive Suspension, Inc.
21. BMW Group
22. TFX Suspension Technology
23. BITUBO S.r.l.

Frequently Asked Questions:

1] What segments are covered in the Global Motorcycle Suspension Market report?
Ans. The segments covered in the Motorcycle Suspension Market report are based on Product Type, Sales Channel, Technology, and Motorcycle Type.

2] Which region is expected to hold the highest share in the Global Motorcycle Suspension Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Motorcycle Suspension Market.

3] What is the market size of the Global Motorcycle Suspension Market by 2030?
Ans. The market size of the Motorcycle Suspension Market by 2030 is expected to reach USD 2.46 Bn.

4] What is the forecast period for the Global Motorcycle Suspension Market?
Ans. The forecast period for the Motorcycle Suspension Market is 2024-2030

5] What was the market size of the Global Motorcycle Suspension Market in 2023?
Ans. The market size of the Motorcycle Suspension Market in 2023 was valued at USD 1.79 Bn.