Demand for a Smoother Ride to Boost the Global Motorcycle Suspension Systems Market Through 2021, Reports Technavio

Technavio has published a new report on the global motorcycle suspension systems market from 2017-2021. (Graphic: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--Technavio market research analysts forecast the global motorcycle suspension systems market to grow at a CAGR of more than 8% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the global motorcycle suspension systems market for 2017-2021. The report segments the market based on suspension type into two segments, which are front suspension and rear suspension. The front suspension segment accounted for a little over 50% of the market share in 2016.

Request a sample report: http://www.technavio.com/request-a-sample?report=56613

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio automotive analysts highlight the following three market drivers that are contributing to the growth of the global motorcycle suspension systems market:

  • Smoother ride and control
  • Rise in motorcycle sales across the world
  • Growth in sports segment motorcycles

Smoother ride and control

The suspension system is an important part of the motorcycle. It provides safety and comfort to the rider. For instance, in long rides, a motorcycle is exposed to the changing road conditions such as bumps, road noise, and vibrations, which is uncomfortable for the rider. This led to the adoption of suspension systems in motorcycles in the 1940s. BMW was the first to install a suspension system on a production motorcycle.

According to Neelam Barua, a lead analyst at Technavio for automotive electronics research, “New developments in suspension systems allow for increased comfort level of the rider, which is a crucial driver for the growth of the motorcycle suspension systems market during the forecast period.”

Rise in motorcycle sales across the world

The suspension system has achieved 100% penetration in the motorcycle segment. Therefore, its adoption and growth are highly dependent on the sale of new motorcycles across the world. Suspension system adoption in low-powered motorcycles is different from heavyweight motorcycles owing to the cost issue that arises from technology adoption. Therefore, sales of these two segments determine the performance of respective suspension systems. For instance, low-powered motorcycles continue to use traditional suspension systems, while heavyweight motorcycles are shifting to an electronic suspension system that is capable of integration with other safety functions like anti-lock braking system (ABS) and traction control system (TCS) to take the safety quotient of the motorcycle to a new level.

Growth in sports segment motorcycles

The demand for sports motorcycles with mono suspension is increasing in the global market owing to the increase in racing enthusiasts, necessitating OEMs to install mono-suspension in its models. Additionally, growing awareness of the better performance and long-term value are factors that are expected to help boost the sales of sports motorcycles.

“These performance motorcycles are more powerful and efficient than traditional motorcycles. Currently, mono suspension systems have the highest adoption in sports motorcycles, owing to the requirement of better cornering and easy tuning,” says Neelam.

Also, this segment is not price sensitive, so the segment witnesses increased adoption of advanced technologies as compared to other segments. For instance, OEMs like BMW Motorrad, Ducati Motor Holding, Kawasaki Motors, Yamaha Motor, and MV Agusta Motor are already witnessing the adoption of electronic damping system in its selected premium segment motorcycle variants.

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like automotive services, powertrain, and wheels and tires. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio market research analysts forecast the global motorcycle suspension systems market to grow at a CAGR of more than 8% during the forecast period, according to their latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com