The two-wheeler shock absorber market size has grown strongly in recent years. It will grow from $3.17 billion in 2023 to $3.34 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. During the historic period, growth can be attributed to several factors, including an increase in disposable income among consumers, amplified government funding aimed at enhancing vehicle safety measures, a surge in demand for motorcycles, and a rise in the number of road accidents involving two-wheelers.
The two-wheeler shock absorber market size is expected to see strong growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. Forecasted growth stems from more women riders, population increase, and urbanization. Trends include adjustable mono suspension, advanced dual suspension, hydraulic tech in suspensions, innovative products for improved performance and enhanced adjustability.
The anticipated surge in the demand for motorcycles is poised to drive the growth of the two-wheeler shock absorber market. Motorcycles, representing two-wheel vehicles primarily used for travel and personal transport, rely on two-wheeler shock absorbers to control suspension movement, ensuring a smoother ride by mitigating vibrations and bumps. This increased demand for motorcycles, as exemplified by a 21.8% growth in total motorcycle sales in the United States in 2021, as reported by RevZilla, a US-based online motorcycle gear retailer and motorsport company, underscores the heightened need for the two-wheeler shock absorber market. Furthermore, Zippia, a US-based career expert providing job recruitment services, reported a notable increase in US bicycle sales to 52 million in 2022, reflecting a substantial 57% rise during the period of 2020-2021. Consequently, the growing demand for motorcycles serves as a significant catalyst for the expansion of the two-wheeler shock absorber market.
Government initiatives aimed at enhancing vehicle safety have also played a pivotal role in propelling the growth of the two-wheeler shock absorber market. Increased government funding has facilitated the production of advanced two-wheelers with improved safety features, consequently boosting the demand for two-wheeler shock absorbers. A case in point is the government of Canada, which, in August 2021, announced the selection of 29 new projects to receive funding from the Enhanced Road Safety Transfer Payment Program. This program, allocating $12.5 million, supports projects across Canada aimed at improving vehicle safety and reducing collision risks. The funded initiatives include tools to mitigate drug-impaired driving, enhance cyclist safety, deploy new connected and automated vehicle sensors, and develop tools to reduce distracted driving and speeding. Thus, the surge in government funding dedicated to enhancing vehicle safety has significantly contributed to the growth of the two-wheeler shock absorber market.
The two-wheeler shock absorber market is experiencing a significant trend with a focus on technological innovations, as major companies strive to introduce cutting-edge products to maintain their market positions. A notable instance is Öhlins Racing AB (Öhlins), a Sweden-based automotive industry company, which, in June 2022, unveiled the TTX22m.2 shock. This product represents an enhanced second iteration of the original TTX22m and features the TTX technology, providing superior bottom-out performance, improved fitting, and easier stroke adjustment. Specifically designed for trail and downhill applications, the TTX22m.2 incorporates a new bump rubber and cup combination, acting as a secondary spring to efficiently load and release energy. This innovative design ensures quick and smooth rider repositioning after experiencing severe compression.
Companies in the two-wheeler shock absorber market are strategically focusing on the development of dual-suspension shock absorbers, augmenting their product portfolios. Dual suspension shock absorbers, utilized in motorcycles and other two-wheeled vehicles, offer cost-effectiveness and ease of manufacturing and maintenance. Touratech, a Germany-based company specializing in adventure bikes and rider equipment, exemplifies this trend. In January 2022, Touratech introduced the E1 series of adventure suspension, encompassing mono shocks, twin shocks, and replacement spring sets for both forks and original shock absorbers. The step-less progressively wound springs in the E1 adventure series combine a sensitive response with high puncture resistance. The foundational components are milled from solid material, and the damper rod, constructed of 16mm thick chrome-molybdenum steel, is generously dimensioned. This strategic emphasis on dual-suspension shock absorbers reflects a commitment to advancing technology within the two-wheeler shock absorber market.
In November 2021, Arnott Air Suspension Products, a US-based aftermarket automotive air suspension company, acquired JRi Shocks for an undisclosed sum. This strategic acquisition aligns with Arnott's objective to broaden its air suspension portfolio within the SEMA performance market, providing top-notch aftermarket replacement air suspension. JRi Shocks, a US-based suspension manufacturer, specializes in crafting high-performance precision shock absorbers for motorcycles, cars, trucks, and jeeps.
Major companies operating in the two-wheeler shock absorber market report are ZF Friedrichshafen AG, KYB Corporation, Hitachi, Endurance Technologies Limited, Fox Racing Shox,Tenneco Inc., Anand Group, WP Suspension, Chongqing Chuandong Shock Absorber Manufacturing Co., Ltd., Hagon shocksHL Mando Corporation, HL Mando Corporation, Showa Corporation, Marelli Holdings Co., Ltd., Hitachi Astemo Ltd., ThyssenKrupp AG, TFX Suspension Technology, NJB Shocks Ltd., Wilbers Performance Suspension, Nitron Racing Systems Ltd., KONI, Bilstein Suspension Store, Falcon Shock Absorbers Ltd., Alois Kober GmbH, Pervouralsk Auto Parts Factory, Shock Factory, Olle Amortidors S. L, Matris Dampers, Meritor Inc., JRi Shocks, Penske Racing Shocks, Öhlins, Fras-le S.A
Asia-Pacific was the largest region in the two-wheeler shock absorber market in 2023. The regions covered in the two-wheeler shock absorber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the two-wheeler shock absorber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Different types of two-wheeler shock absorbers include metal springs, hydraulic dashpots, pneumatic cylinders, self-compensating hydraulics, rubber buffers, and collapsing safety shock absorbers. Metal springs, crafted from iron or steel through processes such as cold drawing or heat treating, store mechanical energy when compressed. Various technologies, such as mono suspension and dual suspension, are employed in these shock absorbers. They are distributed through sales channels such as original equipment manufacturers (OEM) and the aftermarket.
The two-wheeler shock absorber market research report is one of a series of new reports that provides two-wheeler shock absorber market statistics, including two-wheeler shock absorber industry global market size, regional shares, competitors with a two-wheeler shock absorber market share, detailed two-wheeler shock absorber market segments, market trends and opportunities, and any further data you may need to thrive in the two-wheeler shock absorber industry. This two-wheeler shock absorber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The two-wheeler shock absorber market consists of sales of plunger suspension, twin-shock absorbers, and single shock absorbers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The two-wheeler shock absorber market size is expected to see strong growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. Forecasted growth stems from more women riders, population increase, and urbanization. Trends include adjustable mono suspension, advanced dual suspension, hydraulic tech in suspensions, innovative products for improved performance and enhanced adjustability.
The anticipated surge in the demand for motorcycles is poised to drive the growth of the two-wheeler shock absorber market. Motorcycles, representing two-wheel vehicles primarily used for travel and personal transport, rely on two-wheeler shock absorbers to control suspension movement, ensuring a smoother ride by mitigating vibrations and bumps. This increased demand for motorcycles, as exemplified by a 21.8% growth in total motorcycle sales in the United States in 2021, as reported by RevZilla, a US-based online motorcycle gear retailer and motorsport company, underscores the heightened need for the two-wheeler shock absorber market. Furthermore, Zippia, a US-based career expert providing job recruitment services, reported a notable increase in US bicycle sales to 52 million in 2022, reflecting a substantial 57% rise during the period of 2020-2021. Consequently, the growing demand for motorcycles serves as a significant catalyst for the expansion of the two-wheeler shock absorber market.
Government initiatives aimed at enhancing vehicle safety have also played a pivotal role in propelling the growth of the two-wheeler shock absorber market. Increased government funding has facilitated the production of advanced two-wheelers with improved safety features, consequently boosting the demand for two-wheeler shock absorbers. A case in point is the government of Canada, which, in August 2021, announced the selection of 29 new projects to receive funding from the Enhanced Road Safety Transfer Payment Program. This program, allocating $12.5 million, supports projects across Canada aimed at improving vehicle safety and reducing collision risks. The funded initiatives include tools to mitigate drug-impaired driving, enhance cyclist safety, deploy new connected and automated vehicle sensors, and develop tools to reduce distracted driving and speeding. Thus, the surge in government funding dedicated to enhancing vehicle safety has significantly contributed to the growth of the two-wheeler shock absorber market.
The two-wheeler shock absorber market is experiencing a significant trend with a focus on technological innovations, as major companies strive to introduce cutting-edge products to maintain their market positions. A notable instance is Öhlins Racing AB (Öhlins), a Sweden-based automotive industry company, which, in June 2022, unveiled the TTX22m.2 shock. This product represents an enhanced second iteration of the original TTX22m and features the TTX technology, providing superior bottom-out performance, improved fitting, and easier stroke adjustment. Specifically designed for trail and downhill applications, the TTX22m.2 incorporates a new bump rubber and cup combination, acting as a secondary spring to efficiently load and release energy. This innovative design ensures quick and smooth rider repositioning after experiencing severe compression.
Companies in the two-wheeler shock absorber market are strategically focusing on the development of dual-suspension shock absorbers, augmenting their product portfolios. Dual suspension shock absorbers, utilized in motorcycles and other two-wheeled vehicles, offer cost-effectiveness and ease of manufacturing and maintenance. Touratech, a Germany-based company specializing in adventure bikes and rider equipment, exemplifies this trend. In January 2022, Touratech introduced the E1 series of adventure suspension, encompassing mono shocks, twin shocks, and replacement spring sets for both forks and original shock absorbers. The step-less progressively wound springs in the E1 adventure series combine a sensitive response with high puncture resistance. The foundational components are milled from solid material, and the damper rod, constructed of 16mm thick chrome-molybdenum steel, is generously dimensioned. This strategic emphasis on dual-suspension shock absorbers reflects a commitment to advancing technology within the two-wheeler shock absorber market.
In November 2021, Arnott Air Suspension Products, a US-based aftermarket automotive air suspension company, acquired JRi Shocks for an undisclosed sum. This strategic acquisition aligns with Arnott's objective to broaden its air suspension portfolio within the SEMA performance market, providing top-notch aftermarket replacement air suspension. JRi Shocks, a US-based suspension manufacturer, specializes in crafting high-performance precision shock absorbers for motorcycles, cars, trucks, and jeeps.
Major companies operating in the two-wheeler shock absorber market report are ZF Friedrichshafen AG, KYB Corporation, Hitachi, Endurance Technologies Limited, Fox Racing Shox,Tenneco Inc., Anand Group, WP Suspension, Chongqing Chuandong Shock Absorber Manufacturing Co., Ltd., Hagon shocksHL Mando Corporation, HL Mando Corporation, Showa Corporation, Marelli Holdings Co., Ltd., Hitachi Astemo Ltd., ThyssenKrupp AG, TFX Suspension Technology, NJB Shocks Ltd., Wilbers Performance Suspension, Nitron Racing Systems Ltd., KONI, Bilstein Suspension Store, Falcon Shock Absorbers Ltd., Alois Kober GmbH, Pervouralsk Auto Parts Factory, Shock Factory, Olle Amortidors S. L, Matris Dampers, Meritor Inc., JRi Shocks, Penske Racing Shocks, Öhlins, Fras-le S.A
Asia-Pacific was the largest region in the two-wheeler shock absorber market in 2023. The regions covered in the two-wheeler shock absorber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the two-wheeler shock absorber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Different types of two-wheeler shock absorbers include metal springs, hydraulic dashpots, pneumatic cylinders, self-compensating hydraulics, rubber buffers, and collapsing safety shock absorbers. Metal springs, crafted from iron or steel through processes such as cold drawing or heat treating, store mechanical energy when compressed. Various technologies, such as mono suspension and dual suspension, are employed in these shock absorbers. They are distributed through sales channels such as original equipment manufacturers (OEM) and the aftermarket.
The two-wheeler shock absorber market research report is one of a series of new reports that provides two-wheeler shock absorber market statistics, including two-wheeler shock absorber industry global market size, regional shares, competitors with a two-wheeler shock absorber market share, detailed two-wheeler shock absorber market segments, market trends and opportunities, and any further data you may need to thrive in the two-wheeler shock absorber industry. This two-wheeler shock absorber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The two-wheeler shock absorber market consists of sales of plunger suspension, twin-shock absorbers, and single shock absorbers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Two-wheeler Shock Absorber Market Characteristics3. Two-wheeler Shock Absorber Market Trends and Strategies32. Global Two-wheeler Shock Absorber Market Competitive Benchmarking33. Global Two-wheeler Shock Absorber Market Competitive Dashboard34. Key Mergers and Acquisitions in the Two-wheeler Shock Absorber Market
4. Two-wheeler Shock Absorber Market - Macro Economic Scenario
5. Global Two-wheeler Shock Absorber Market Size and Growth
6. Two-wheeler Shock Absorber Market Segmentation
7. Two-wheeler Shock Absorber Market Regional and Country Analysis
8. Asia-Pacific Two-wheeler Shock Absorber Market
9. China Two-wheeler Shock Absorber Market
10. India Two-wheeler Shock Absorber Market
11. Japan Two-wheeler Shock Absorber Market
12. Australia Two-wheeler Shock Absorber Market
13. Indonesia Two-wheeler Shock Absorber Market
14. South Korea Two-wheeler Shock Absorber Market
15. Western Europe Two-wheeler Shock Absorber Market
16. UK Two-wheeler Shock Absorber Market
17. Germany Two-wheeler Shock Absorber Market
18. France Two-wheeler Shock Absorber Market
19. Italy Two-wheeler Shock Absorber Market
20. Spain Two-wheeler Shock Absorber Market
21. Eastern Europe Two-wheeler Shock Absorber Market
22. Russia Two-wheeler Shock Absorber Market
23. North America Two-wheeler Shock Absorber Market
24. USA Two-wheeler Shock Absorber Market
25. Canada Two-wheeler Shock Absorber Market
26. South America Two-wheeler Shock Absorber Market
27. Brazil Two-wheeler Shock Absorber Market
28. Middle East Two-wheeler Shock Absorber Market
29. Africa Two-wheeler Shock Absorber Market
30. Two-wheeler Shock Absorber Market Competitive Landscape and Company Profiles
31. Two-wheeler Shock Absorber Market Other Major and Innovative Companies
35. Two-wheeler Shock Absorber Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Two-wheeler Shock Absorber Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on two-wheeler shock absorber market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for two-wheeler shock absorber? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Metal Spring; Hydraulic Dashpot; Pneumatic Cylinders; Self-Compensating Hydraulic; Rubber Buffer; Collapsing Safety Shock Absorbers
2) By Technology: Mono Suspension; Dual Suspension
3) By Sales Channel: Original Equipment Manufacturer (OEM); Aftermarket
Key Companies Mentioned: ZF Friedrichshafen AG; KYB Corporation; Hitachi; Endurance Technologies Limited; Fox Racing Shox
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- ZF Friedrichshafen AG
- KYB Corporation
- Hitachi
- Endurance Technologies Limited
- Fox Racing Shox
- Tenneco Inc
- Anand Group
- WP Suspension
- Chongqing Chuandong Shock Absorber Manufacturing Co., Ltd.
- Hagon shocksHL Mando Corporation
- HL Mando Corporation
- Showa Corporation
- Marelli Holdings Co., Ltd
- Hitachi Astemo Ltd
- ThyssenKrupp AG
- TFX Suspension Technology
- NJB Shocks Ltd
- Wilbers Performance Suspension
- Nitron Racing Systems Ltd
- KONI
- Bilstein Suspension Store
- Falcon Shock Absorbers Ltd
- Alois Kober GmbH
- Pervouralsk Auto Parts Factory
- Shock Factory
- Olle Amortidors S. L
- Matris Dampers
- Meritor Inc
- JRi Shocks
- Penske Racing Shocks
- Öhlins
- Fras-le S.A
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 3.34 Billion |
| Forecasted Market Value ( USD | $ 4.06 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 32 |
