The two-wheeler suspension system market is projected to grow at an average CAGR of 4.9% from 2023 to 2033. By 2033, the market is expected to reach a valuation of USD 2.61 billion, up from USD 1.65 billion in 2023.

Several factors are driving this market growth. Increasing road traffic, a high vehicle population, and technological advancements are expected to boost market performance during the forecast period. Additionally, advanced manufacturing facilities in emerging economies are generating significant revenue through vehicle exports.

Two-wheelers are often the preferred choice for consumers due to their superior mileage, convenience, comfort, quick mobility, and ease of handling. The affordability of these vehicles and their efficient suspension systems contribute to the market’s strong growth trajectory.

Electric two-wheelers are gaining popularity among consumers due to their low emissions, government subsidies, and cost-effectiveness, further fueling market expansion. Collaborations between brands and automotive parts companies are also enhancing sales of two-wheeler suspension systems. Moreover, the emphasis on providing smooth riding experiences is reshaping market dynamics.

Consumers benefit from a wide range of options provided by OEM retailers, repair facilities, and third-party companies, offering extensive choices in the two-wheeler suspension system market.

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Key Points

• The United States market leads the two wheeler suspension system market in terms of market share in North America. This region is expected to hold a market share of 4.8% by 2023. The growth in this region is attributed to increased traffic, people getting aware of sustainable ways of transport, high affordability, and brands.
• Germany’s two wheeler suspension system market is another significant market in Europe region. The market holds a market share of 2.1% in 2023. The growth is attributed to the collaboration between automotive brands and part manufacturers along with the government working on electric two wheelers.
• China two wheeler suspension system market thrives at a CAGR of 5.4% during the forecast period. The growth is attributed to the big two-wheeler vehicle population, average per capita income, and high traffic.
• The telescopic front suspension system leads the component type segment as it holds a market share of 40.6% in 2023. The growth is attributed to the high response and enhanced shock control.
• Based on the vehicle type, the motorcycle segment leads as it holds a significant global share of 58.2% in 2023.

Competitive Landscape

The key vendors work on key elements like reliability, high safety, comfort, and long shelf life. Furthermore, the electric vehicle suspension is being designed differently. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Key Players Working in the Two Wheeler Suspension System Market

• Showa Corporation
• Gabriel India Limited
• KYB Corporation
• Duro Shox Pvt Ltd
• BMW Group
• WP AG
• Nitron Racing Shocks
• Marzocchi Moto
• Öhlins Racing
• K-Tech Suspension Limited
• Progressive Suspension, Inc.
• TFX Suspension Technology

Recent Market Developments:

• BMW Group with its BMW Motorrad has introduced the suspensions with optimal on all road experience. These suspensions involve duolever, single-sided swing arm, telelever, dynamic ESA, WAD spring element, and USD fork.
• Duro Shox Pvt Ltd has launched their two & three-wheeler shock absorber with attractive design and effective spring control.

Key Segmentation

By Product Type:

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

By Sales Channel:

• OEM
• Aftermarket

By Vehicle Type:

• Motorcycles
• Scooters
• Mopeds

Key Regions Covered

• North America
  • The United States
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Russia
  • Rest of Europe
• Japan
• Asia Pacific Excluding Japan
  • China
  • India
  • Malaysia
  • Singapore
  • Australia
  • Rest of Asia Pacific Excluding Japan (APEJ)
• Middle East Asia
  • GCC Countries
  • Israel
  • South Africa
  • Rest of Middle East Asia (MEA)