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Global Motorcycle Shock Absorbers Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Placement (Front, Rear), By Distribution Channel (OEM’s, Aftermarket), And By Geography - Forecasts From 2020 To 2025

Published: May 2021 | Report Code:  KSI061613139 | Pages:  129

The global motorcycle shock absorber market is projected to grow at a CAGR of 2.39% to reach US$4,433.888 million by 2025, from US$3,848.266 million in 2019. The damper is another name for motorcycle shock absorber, which, is a component of the suspension system of a motorcycle and is present in the rear of the vehicle.

Ride comfort and motorcycle stability are very important for riders as it leads to a more efficient and safer ride minimizing the chances of accidents. Shock absorbers improve stability and ride comfort. The growing two-wheeler industry is boosting the motorcycle shock absorber market growth.

Furthermore, the increasing investments and participation of market players in research and development to improve and launch better and efficient shock absorbers efficient, thus bolstering the market growth over the forecast period. For instance, In October 2019, Nitron, one of the leading providers of high-quality shock absorbers, launched a new and advanced shock absorber range for Suzuki GSX-S750 and Honda CBR400R and CBR500R for those customers looking to upgrade their pre-fitted suspensions. On December 21, TVS a motorcycle company based in India launched its motorcycle StarCity+ equipped with high-quality 5-step adjustable hydraulic shock absorbers at the rear.

The motorcycle shock absorber market has been segmented based on placement, distribution channel, and geography. By placement, the market is segmented as front and rear. By distribution channel, the market has been segmented into OEMs and aftermarkets.

Front shocks provide proper comfort and handling

The shock absorber is one of the most important components of a motorcycle and its suspension system. By placement, the front shocker is expected to hold a significant share in the motorcycle shock absorber market attributable to the fact that almost all the two-wheelers in the market front absorbers are present, whereas in some of the two-wheelers are equipped with only a single shock absorber.

OEM’s to hold a significant share

Shock absorbers are an essential part of the suspension system of a motorcycle and increase comfort and driving safety. By distribution channel, OEM’s are expected to hold a significant market share as these shock absorbers are pre-fitted in most of the motorcycles being manufactured. In addition, the share of the aftermarket segment will expand over the new six years owing to customers opting for aftermarket fitments with better capabilities and advanced features.

High production of motorcycles in the Asia Pacific

By geography, Asia Pacific is expected to hold a significant market share owing to the increasing usage of motorcycles in countries like Thailand, Vietnam, and Malaysia due to easy affordability. Some of the players are also opening up new production facilities and assembly plants in these countries in order to increase motorcycle production.

Some of the key players mentioned as a part of this report are SHOWA Corporation, Nitron Racing Shocks, and Öhlins Racing.

Motorcycle Shock Absorbers Market Scope:

Report Metric Details
 Market size value in 2019  US$3,848.266 million
 Market size value in 2025  US$4,433.888 million
 Growth Rate  CAGR of 2.39% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Placement, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  SHOWA CORPORATION, Öhlins Racing, Duroshox, Nitron Racing Shocks, MINGZHEN   Industrial Holding Group Co., ltd, Chongqing Chuandong Shock Absorber   Manufacturing Co., Ltd., WP Suspension, JAINSGU BRIGHT STAR SHOCK ABSORBER   CO., LTD, KYB CORPORATION
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Placement
    • Front
    • Rear
  • By Distribution Channel
    • OEM’s
    • Aftermarket
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of global motorcycle shock absorbers market?
A1. The global motorcycle shock absorbers market was valued at US$3,848.266 million in the year 2019.
 
Q2. What will be the global motorcycle shock absorbers market size by 2025?
A2. The global motorcycle shock absorbers market is expected to reach a market size of US$4,433.888 million by 2025.
 
Q3. What are the growth prospects for the global motorcycle shock absorbers market?
A3. The global motorcycle shock absorbers market is expected to grow at a CAGR of 2.39% over the forecast period.
 
Q4. Who are the major players in the global motorcycle shock absorbers market?
A4. Some of the major players in the global motorcycle shock absorbers market are SHOWA Corporation, Nitron Racing Shocks, and Öhlins Racing.
 
Q5. Which region holds the largest market share in the global motorcycle shock absorbers market?
A5. The Asia Pacific is expected to hold a significant market share owing to the increasing usage of motorcycles in countries like Thailand, Vietnam, and Malaysia due to easy affordability.
 

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