Global Two-wheeler Suspension System Market Size By Type (Telescopic Suspension, Telescopic Suspension (upside down)), By Application (OEM, AfterMarket Size), By Region, And Segment Forecasts, 2023 to...

The Global Two-wheeler Suspension System Market was valued at approximately USD 8.2 billion in 2023 and is projected to reach around USD 13.7 billion by 2031, growing at a CAGR of 6.7% during the forecast period from 2023 to 2031. The market growth is fueled by rising demand for two-wheelers, particularly in densely populated and emerging economies, where motorcycles and scooters are popular modes of transportation. Additionally, advancements in suspension technologies, including electronic suspension systems and lightweight materials, are improving ride comfort and handling, driving market adoption.

Drivers

Increasing Demand for Two-wheelers: The rapid urbanization in emerging markets and the affordability of two-wheelers contribute to increased sales, boosting demand for reliable and advanced suspension systems.

Technological Advancements in Suspension Systems: Innovations such as adjustable and electronic suspension systems are enhancing ride quality and attracting consumers seeking comfort and performance.

Expanding Middle-Class Population: Rising disposable incomes in countries like India, Brazil, and Southeast Asia are spurring two-wheeler purchases, directly impacting the suspension system market.

Restraints

High Costs of Advanced Suspension Systems: The cost of high-tech suspension components can limit their adoption in budget two-wheelers.

Raw Material Price Volatility: Fluctuating costs of materials like steel and aluminum can impact manufacturing costs, affecting market stability.

Opportunity

Electric Two-wheeler Integration: With the growing adoption of electric scooters and bikes, demand for customized suspension systems tailored to electric vehicles is rising.

Growth in Premium Motorcycle Segment: The trend toward premium motorcycles, especially in developed markets, presents opportunities for high-performance suspension systems with advanced technologies.

Market by System Type Insights

In 2023, Telescopic Forks dominated the two-wheeler suspension system market, being the preferred choice in motorcycles due to their cost-effectiveness and easy maintenance. However, Mono-shock Suspension is projected to witness significant growth due to its superior handling and comfort benefits, especially in high-end motorcycles.

Market by End-use Insights

The Scooter Segment held the largest share in 2023, driven by the high demand for scooters in Asia-Pacific and Latin America. However, the Motorcycle Segment is expected to grow at a faster rate due to increasing consumer preference for motorcycles in urban and rural areas for commuting and recreational purposes.

Market by Regional Insights

Asia-Pacific held the largest market share in 2023, attributed to the high two-wheeler ownership rates in countries like India, China, and Vietnam. The region is expected to maintain its dominance, driven by urbanization, population growth, and a robust middle-class expansion. North America and Europe are anticipated to witness steady growth, particularly in the premium motorcycle segment and with the adoption of electric two-wheelers.

Competitive Scenario

Leading players in the global two-wheeler suspension system market include Showa Corporation, KYB Corporation, Gabriel India Ltd., Öhlins Racing AB, Marzocchi Motorbike, and ZF Friedrichshafen AG. These companies are investing in research and development to offer enhanced suspension systems with electronic controls, adaptable damping, and eco-friendly materials. Notable developments include:

In 2024, Showa Corporation launched an advanced electronically controlled suspension system aimed at high-performance motorcycles.

KYB Corporation expanded its suspension product line in 2023 to cater to the growing electric two-wheeler market, emphasizing lightweight and efficient designs.

Scope of Work – Global Two-wheeler Suspension System Market

Key Market Developments

2023: Gabriel India Ltd. launched a new range of lightweight suspension solutions optimized for electric scooters.

2024: ZF Friedrichshafen AG introduced its high-performance mono-shock suspension systems aimed at premium motorcycles, enhancing ride stability and control.

2025: Öhlins Racing AB entered a partnership with a leading electric scooter manufacturer to develop customized suspension systems for improved performance and comfort.

FAQs

What is the current market size of the Global Two-wheeler Suspension System Market?

The market was valued at approximately USD 8.2 billion in 2023.

What is the major growth driver of the Global Two-wheeler Suspension System Market?

The primary growth driver is the increasing demand for two-wheelers, especially in emerging economies, along with advancements in suspension technology.

Which is the largest region during the forecast period in the Global Two-wheeler Suspension System Market?

Asia-Pacific holds the largest market share and is expected to remain dominant due to high two-wheeler ownership rates and market demand.

Which segment accounted for the largest market share in the Global Two-wheeler Suspension System Market?

The Scooter segment accounted for the largest share in 2023, with growing demand in Asia-Pacific and Latin America.

Who are the key market players in the Global Two-wheeler Suspension System Market?

Key players include Showa Corporation, KYB Corporation, Gabriel India Ltd., Öhlins Racing AB, Marzocchi Motorbike, and ZF Friedrichshafen AG.