Connect with us

Research Reports

Two Wheeler Suspension System Market is expected to experience an impressive CAGR growth 4.4 % through 2021-2030

The Personal Watercraft Market To Fathom The Depth Of Innovation

 

Future Market Insights’ (FMI) recently published report on the global two wheeler suspension system market provides an unbiased yet exhaustive coverage on prevailing growth trends for the 2020-2030 forecast period. The study opines that the decline in demand for two wheeler suspension systems will be offset in the next couple of years due to growing preference toward personal mobility over public transport.

Despite COVID-19’s recessionary impact in the current year, manufacturers anticipate a surge in growth prospects, attributed to growing incidence of two-wheeler ownership, including scooters, bicycles and motorbikes. Hence, demand for suspension systems is likely to remain sustained in the remainder of the short-run forecast.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12780

Key Takeaways

  • Global two wheeler suspension system market to register 4.4% value CAGR through 2030
  • Mono shock rear suspension systems to surpass half-a-billion-dollar mark by 2020-end
  • By vehicle type, motorcycle suspension systems to generate nearly 60% revenue by 2021
  • Aftermarket sales to generate significant growth opportunities in the upcoming forecast period
  • South Asia & Pacific to emerge as an attractive investment destination, with India emerging as a potential cash cow

“Increased investments in motorbikes due to their easy maneuverability and high fuel economy are anticipated to propel the two-wheeler suspension systems market forward, especially in emerging markets,” opines the FMI analyst.  

COVID-19 Impact Analysis

The COVID-19 pandemic has massively disrupted the global automotive industry, leading to major supply chain impediments and decline in production targets due to government imposed shutdowns. This has significantly impacted growth prospects for the two wheeler suspension system market.

However, recent months have proven favorable for market growth. In India, for example, wholesale dispatches from two-wheeler companies to domestic market expanded by 14% in September 2020, attributed to inventory refilling by OEMs in wake of stabilizing supply chains.

Likewise, production cycles across other markets are gradually reverting to normalcy. However, while growth is expected to remain positive, sluggishness is expected to prevail until 2021-end, as manufacturers grapple with addressing vast supply-demand disequilibria.

Competitive Landscape

The global two wheeler suspension system market is interspersed with the presence of numerous regional and global level players. Some prominent players include Showa Corporation, ZF Friedrichshafen AG, KYB Corporation, Endurance Technologies Limited, Gabriel India Limited, BMW Group, WP Suspension GmbH, Ohlins Racing, Duro Shox Private Ltd and Nitron Racing Shocks.

A combination of strategies, ranging from acquisitions, collaborations, capacity expansions and product launches characterize the aforementioned players’ expansion tactics. For instance, in May 2020, Endurance Technologies acquired a 100% stake in Italian company Grimeca for acquiring its braking solution business.

Around the same time, ZF Friedrichshafen AG closed its acquisition of WABCO in order to expand its commercial vehicle technology business, with the latter functioning as an independent unit of the company.

Regarding product development, WP Suspension GmbH announced the launch of its WP XPLOR 6500 Cartridge motorbike, equipped with a closed cartridge technology, providing reduced cavitation risk and high longevity to the ride.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-12780

Key Segments

Product Type

  • Telescopic Front Suspension
  • Rear Suspension
  • Mono Shocks
  • Dual Shocks

Vehicle Type

  • Motorcycles
  • Scooters
  • Mopeds

Sales Channel

  • OEM
  • Aftermarket

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Russia, Spain & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Oceania & Rest of South Asia & Pacific)
  • Middle East & Africa (GCC, Turkey, Northern Africa, South Africa & Rest of MEA)

Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/12780

Top Reports Related To Automotive Market Insights

Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/two-wheeler-suspension-system-market
Press Release Source: https://www.futuremarketinsights.com/press-release/two-wheeler-suspension-system-market 

 

Continue Reading
Editorial & Advertiser disclosure

Recommended