Motorcycle Suspension Market Set to Reach USD 2.46 Billion by 2030, Driven by Innovation and Regional Demand

The global Motorcycle Suspension Market Size is poised for significant growth, projected to expand from USD 1.79 billion in 2023 to USD 2.46 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period . This surge is fueled by technological advancements, increasing consumer demand for comfort and safety, and a rise in two-wheeler sales across various regions.​

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Competitive Landscape

The motorcycle suspension market is characterized by a mix of established players and emerging companies striving for innovation and market share. Key industry participants include Bajaj Auto, Gabriel India Limited, Marzocchi Moto, FTR Suspension, ZF Friedrichshafen AG, Endurance Technologies Limited, SHOWA CORPORATION, Continental, KYB Corporation, Duro Shox Pvt Ltd, BMW Group, Dah Ken Industrial Co. Ltd., WP Suspension GmbH, Arnott LLC, Nitron Racing Shocks, Öhlins Racing, K-Tech Suspension Limited, ANAND Group, Progressive Suspension, Inc., TFX Suspension Technology, and BITUBO S.r.l. .​

A notable development in the industry is Brembo's acquisition of Öhlins Racing for $405 million, aiming to enhance its offerings in integrated intelligent solutions and strengthen its position in the automotive market .​

Regional Insights

Vietnam: Growth Opportunities Amidst Market Shifts

Vietnam remains a significant player in the motorcycle industry, with average annual sales reaching 3 million units. However, the domestic market faces challenges due to government initiatives to reduce motorcycle usage in urban areas and a growing preference for environmentally friendly e-motorbikes. Manufacturers are increasingly using Vietnam as a production base for exports to other Asian countries, adapting to the evolving market dynamics .

Thailand: Trends in Suspension Technology Adoption

Thailand's motorcycle market is witnessing a trend towards the adoption of advanced suspension technologies, driven by consumer demand for enhanced comfort and safety. The presence of production facilities, such as Öhlins Racing's operations in Thailand, underscores the country's role in the regional supply chain for high-performance suspension components .

Japan: Consolidation and Technological Advancements

Japan holds a significant share in the global motorcycle suspension market, accounting for approximately 6.1% in 2022 . The market is characterized by consolidation and continuous technological advancements, with companies like SHOWA CORPORATION introducing innovative suspension systems that offer improved performance and reduced weight .​

South Korea: Updation in Suspension Systems

South Korea is experiencing updates in motorcycle suspension systems, focusing on integrating advanced technologies to meet the demands of modern riders. The market is evolving with a focus on enhancing ride quality and safety features, aligning with global trends in motorcycle design and engineering.​

Singapore: Opportunity in Premium Segment

Singapore's motorcycle market presents opportunities in the premium segment, with consumers seeking high-performance and technologically advanced suspension systems. The demand is driven by a preference for quality and innovation, positioning Singapore as a niche market for premium motorcycle components.​

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United States: Growth Driven by Aftermarket Demand

The United States accounted for a 35.2% market share in 2022, with growth driven by the aftermarket segment and a strong preference for cruiser and touring motorcycles . The demand for customized and high-performance suspension systems is fueling the market, with companies focusing on developing products that cater to the specific needs of American riders.​

China: Trends in Electric Motorcycle Adoption

China's motorcycle suspension market is influenced by the growing adoption of electric motorcycles, necessitating the development of suspension systems compatible with electric vehicle dynamics. The trend towards electrification is prompting manufacturers to innovate and adapt their suspension technologies to meet the unique requirements of electric two-wheelers.​

Europe: Consolidation and Emphasis on Sustainability

Europe held a 40.2% market share in 2022, with countries like Germany and the United Kingdom leading in the adoption of advanced suspension systems . The market is characterized by consolidation and a strong emphasis on sustainability, with manufacturers focusing on developing environmentally friendly and efficient suspension technologies.​

Recent Developments

• Brembo's acquisition of Öhlins Racing for $405 million aims to enhance its position in the automotive market by integrating advanced suspension technologies .
• SHOWA CORPORATION introduced a new two blending valve front fork suspension system, reducing overall suspension system weight by approximately 250 grams while maintaining performance .
• BMW Motorrad's Duolever front suspension technology offers improved road grip and enhances riding precision, reflecting the industry's focus on innovation and performance .

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Market Segmentation: In-Depth Analysis:

by Product Type

Front Suspension
Telescopic Fork
Others
Rear Suspension
Dual Shocks
Mono Shocks
Others

Mono shock rear suspension systems are anticipated to be the most widely used product type due to its superior stability and maneuverability over dual shock suspensions. Roughly 60% of two-wheelers use mono shock rear suspension systems. The rear suspension systems product type category is anticipated to hold 57.1% of the market and be valued at USD 986.3 million in 2023. With a 200cc engine, a mono shock, a 10-step adjustable gas-charged rear suspension measuring 170mm, and a telescopic front suspension measuring 190mm, Hero Motocorp debuted the Xpulse 200 motorbike in the Indian market in 2019.

by Sales Channel

OEM
Aftermarket

by Technology

Passive
Active/Semi-active

by Motorcycle Type

Standard
Cruiser
Sports
Scooter
Mopeds
Others

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Market Key Players : In-Depth Analysis:

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

Note:

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