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The motorcycle suspension systems market size is forecast to increase by USD 230.1 million, at a CAGR of 6.28% between 2023 and 2028. Market growth hinges on several factors, including the increasing adoption of multi-cloud and network upgrades to support 5G, the demand planning and expansion initiatives by hyper scalers, and the rising demand among SMEs. Multi-cloud adoption and network upgrades are vital for accommodating the demands of 5G technology, driving investments in data center infrastructure to enhance capacity and connectivity. Additionally, hyper scalers' demand planning and expansion efforts contribute to market growth by driving investments in data center construction and operation. Furthermore, the growing demand from SMEs for data storage and processing capabilities fuels market expansion, as businesses increasingly rely on data-driven decision-making and digital operations. Data centers serve as centralized facilities for computing, processing, and storage, playing a critical role in supporting the evolving needs of businesses and technology advancements. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The market is pivotal in shaping the riding experience, catering to diverse demographics including older people seeking comfort and youth craving performance. Components like fork tubes, springs, and dampers mitigate road noise, absorb impacts, and enhance vehicle handling. From traditional bikes to modern scooters, suspension replacement and customization options ensure optimal comfort and safety. Advanced features like disc brakes and ABS systems, integrated by OEM manufacturers, further improve riding dynamics, especially in leisure activities and off-road riding. As demand surges for customized solutions, the market witnesses a shift towards tailored suspension setups, addressing individual preferences and riding styles. Motorcycle Suspension Systems play a crucial role in mitigating bumps, reducing vibrations, and elevating the overall riding experience, driving growth and innovation in the industry. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increased electrification of mechanical components in motorcycles is driving growth in the market. The demand for powered motorcycles is increasing worldwide because of their riding experiences and safety benefits. In addition to enhancing the rider's efficiency and experiences on the road, electric components also play a role. This demand is enabling rapid electrification of components, which were being used mechanically and act as a driver for the adoption of cruise control in motorcycles.
The worldwide demand for powered motorcycles is on the rise. A development in one element results in further components that increase the riders' efficiency and experience on the road. This demand is enabling the rapid electrification of mechanical components and driving the adoption of electronic suspension in motorcycles. Thus, such factors will boost the growth of the global market during the forecast period.
The development of electronic damping control to increase safety quotient is a key trend in the market. In developing the suspension systems for motorcycles, BMW Motorrad has been one of the front runners among original equipment manufacturers. The company developed the damping control system, which was the first to be equipped with a production motorcycle. This electronic system adjusts the damping as per the riding skills and road characteristics with the help of sensors.
Also, the system responds automatically to situations such as accelerating, braking, and cornering to ensure proper road contact. Other companies that have developed the damping control system are Ducati Motor Holding and Ohlin's Racing, and more companies are expected to focus on this technology during the forecast period, which will boost the growth of the global market during the forecast period.
The high development costs of complex design and performance electronic components are a major challenge faced by the motorcycle suspension system. Advances in the field of vehicle technology made it possible to use efficient, lightweight, reliable, and strong electronic components that could achieve optimum performance with minimal energy loss. In making the journey more relaxing and pleasant, these components have had a major role to play. The designers and developers of automotive systems are constantly working on new technologies that are leading to the electrification of several automotive systems.
However, with the development of such advanced systems, the cost of development is also increasing as several electronic components are being used in them. All the stakeholders within the value chain, from component producers and suppliers to clients, share in the increasing cost of development. The increase in the use of advanced electronics in suspension systems is expected to raise the cost of development, which, in turn, will restrict the growth of the global market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Hitachi Ltd. - The company offers motorcycle suspension systems such as namely Duroshox 50 CC two and three-wheeler shock absorbers.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The OEM segment is estimated to witness significant growth during the forecast period. The OEM segment is a crucial driver for the global market, and the increased use of exhaust systems across the world is due to an increasing number of motorcycle users for commuting and longer-distance travel.
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The OEM segment was the largest segment and was valued at USD 380.70 million in 2018. Although developments in the OEMs segment are on the lesser side than aftermarket, which is witnessing continuous developments in material and design, based on new motorcycle sales, it is anticipated that the segment will continue to hold its leading position. Additionally, sport motorcycle OEMs will tend to offer from the factory or optional fitment during the forecast period due to strong demand from racing enthusiast customers.
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APAC is estimated to contribute 88% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is expected to be the largest geographical segment of the global market during the forecast period. In view of the growing sales of motorcycles, the market with focus is projected to experience significant growth over the forecast period. India is a significant contributor and represents the largest market for in APAC.
Increasing income levels and the expanding middle-class population in emerging economies have increased the demand for heavyweight motorcycles in emerging economies of APAC, such as India and China. The increasing popularity of heavy motorcycles is boosting market revenue. The entry of global OEMs into emerging markets such as India, China, and Indonesia is driving the growth of the market in focus. This is attributed to the flat demand in mature markets and attractive domestic consumption in countries in APAC, which has enabled motorcycle part manufacturers to open up manufacturing facilities in APAC.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is pivotal in ensuring optimal motion and control for riders across various terrains. From touring to off-roading and adventure riding, sturdy suspension systems navigate rough terrains with ease, offering personalized options for rider comfort and safety. Innovative solutions like electronically adjustable suspension, adaptive suspension, and semi-active suspension systems dynamically adapt to changing road conditions, enhancing traction and stability. Mono-shock absorbers and dual shock setups optimize weight distribution and ride comfort while accommodating diverse riding styles and preferences. With a focus on electric propulsion, lightweight suspension systems complement electric motorcycles, delivering responsive handling and silent operation. For budget-conscious riders, aftermarket options offer affordability without compromising quality, driving growth in the Motorcycle Suspension Systems market. As the industry evolves, collaborations between automobile OEMs and local enterprises drive innovation, catering to the demands of youth, women, and aged citizens alike, while propelling motorcycle culture forward with advanced vehicle technology solutions and tailored suspensions.
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Industry Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.28% |
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Market Growth 2024-2028 |
USD 230.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.8 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 88% |
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Key countries |
China, India, Indonesia, Thailand, and US |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Arnott LLC, Bayerische Motoren Werke AG, BITUBO Srl, Dah Ken Industrial Co. Ltd., Duroshox Pvt. Ltd., Endurance Technologies Ltd., Fox Factory Holding Corp., GP Suspension, Hero MotoCorp Ltd, Hitachi Ltd., K Tech Suspension Ltd., KYB Corp., Matris Srl, Mupo Srl, Nitron Racing Systems Ltd., Penske Racing Shocks, PIERER Mobility AG, Tenneco Inc., TFX Suspension Technology, and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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