The Global Monoshock suspension system market is expected to foresee significant growth. APAC to lead the growth!
- Vikas Kumar
- January 13, 2023
- AUTOMOTIVE, NEWS
- Asia Monoshock suspension system market, Europe Monoshock suspension system market, Middle east Monoshock suspension system market, Monoshock suspension system, Monoshock suspension system market, Monoshock suspension system market analysis, Monoshock suspension system market forecast, Monoshock suspension system market growth, Monoshock suspension system market shape, Monoshock suspension system market share, Monoshock suspension system market size, Monoshock suspension system market trends, US Monoshock suspension system market
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The Monoshock suspension system Market is expected to grow at a steady rate of around 5% during the forecast period. Monoshock suspension systems are the type of suspension used in bikes to reduce the shock or dumping effect and to increase comfort while riding the bike. Moreover, the mono-shock suspension system provides great stability, during the leaps and landing of the bikes in off-roading activities, the introduction of emission norms to reduce pollution, and demand for the comfortable suspension in sports activities. In addition, the suspension system is designed with a single absorber that is large in size than a standard absorber. For instance, CFMoto, a Chinese manufacturer of ATVs, announced its plan to launch its products in the Indian market.
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Based on motorcycle type, the market is segmented into standard motorcycles, sports motorcycles, cruiser motorcycles, dirt bikes, and others. The dirt bikes category is to witness a higher CAGR during the forecast period. The purpose of suspension is to absorb bumps and impacts while allowing the wheels to track against the ground. In addition, this is so important in terms of finding traction, both for motocross and off-road/enduro riding. For instance, the U.S. holds multiple racing events across the year where participants compete for titles and rewards. World Off-Road Championship Series (WORCS) is one of the biggest racing events organized in the country
Based on sales channel, the market is categorized into original equipment manufacturers (OEMs) and aftermarket. Among these, the OEMs to hold a significant share in the market in 2020. This is mainly due to the quality of the product provided by the OEMs, and they have a good pipeline of motorcycles with a quality suspension system. Moreover, OEMs are known for the originality of the products which is also a key factor driving the growth of the market.
For a detailed analysis of the Global Monoshock suspension system market browse through- https://univdatos.com/report/monoshock-suspension-system-market/
For a better understanding of the market adoption of the Monoshock suspension system industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to hold a dominant share during the forecast period. This is mainly due to the increasing prevalence of off-road recreational activities backed by growing disposable income and surging per capita spending of individuals in the emerging economies of the region is driving the growth of the market. In addition, the constant development of remote & hilly areas along with growth in recreational activities further accelerates the suspension system market growth in the region. Also, major players in the market continue to invest in organizing various championships for Powersports enthusiasts. For instance, The Yamaha Australian Off-Road Championship is Australia’s premier off-road racing competition. It is also primarily held over fourteen rounds throughout the year and runs in conjunction with other state off-road championships across Australia.
Some of the major players operating in the market include Öhlins Racing AB, SKF, Nitron Racing Shocks, BMW AG, Hagon Products Ltd, Honda Motor Co., Ltd, Robert Bosch GmbH, Endurance Technologies Limited, TFX Suspension Technology, MH Suspension Ltd
Global Monoshock suspension system market Segmentation
Market Insight, by Motorcycle Type
- Standard Motorcycles
- Sports Motorcycles
- Cruiser Motorcycles
- Dirt bikes
- Others
Market Insight, by Sales Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Öhlins Racing AB
- SKF
- Nitron Racing Shocks
- BMW AG
- Hagon Products Ltd
- Honda Motor Co., Ltd
- Robert Bosch GmbH
- Endurance Technologies Limited
- TFX Suspension Technology
- MH Suspension Ltd
