Two-wheeler Suspension Market Size, Share, and Industry Analysis, By Product Type (Telescopic Front Suspension, Rear Suspension (Mono Shocks and Dual Shocks)), By Suspension System (Hydraulic Suspension and Air Suspension), By Vehicle Type (Motorcycles, Scooters and Mopeds), By Sales Channel (OEM and Aftermarket), and Regional Forecast, 2024-2032

Two-wheeler suspension refers to the system of components and mechanisms designed to absorb shocks and vibrations generated during vehicle operation, providing stability, comfort, and control to motorcycles, scooters, and other two-wheeled vehicles. The global two-wheeler suspension market is experiencing significant growth propelled by several key market insights. The market continued to expand due to the rising demand for motorcycles and scooters globally. With increasing urbanization and congestion in cities, two-wheelers are becoming popular choices for commuting, driving the demand for reliable suspension systems. Additionally, the growing adoption of electric two-wheelers further boosts market growth, as these vehicles require specialized suspension setups to accommodate the unique characteristics of electric propulsion. Manufacturers are focusing on developing advanced suspension technologies to enhance ride comfort, handling, and safety. Innovations, such as adjustable damping systems, electronic suspension control, and lightweight materials, are gaining traction in the market, catering to the evolving preferences of consumers. Overall, the global two-wheeler suspension market is poised for continued growth, driven by increasing two-wheeler sales, technological advancements, and regulatory developments aimed at enhancing ride quality and safety.

The two-wheeler suspension market faced setbacks amid the COVID-19 pandemic. Government-imposed restrictions across nations to curb the virus severely affected the automotive industry. The COVID-19 pandemic significantly impacted the two-wheeler suspension market, causing disruptions in production, supply chains, and consumer demand. In 2024, while the market showed signs of recovery, the lingering effects of the pandemic continued to influence market dynamics. During the peak of the pandemic, lockdowns and restrictions led to a decline in two-wheeler sales and production, affecting the demand for suspension systems. Additionally, supply chain disruptions and logistical challenges hampered the availability of raw materials and components, further impacting market operations. Moreover, the pandemic highlighted the importance of ride comfort and safety, driving the adoption of advanced suspension technologies that enhance vehicle performance and rider experience and witnessing a gradual recovery in demand for two-wheelers and associated components. The two-wheeler suspension market is expected to rebound as economies stabilize and consumer confidence improves, albeit with continued vigilance regarding potential disruptions from future waves or variants of the virus.

Key Insights

The report covers the following key insights:

• Latest Developments


• Porter’s Five Forces Analysis.


• Technological Developments


• Impact of COVID-19 on the Two-Wheeler Suspension  Market

Segmentation

Analysis by Vehicle Type

By vehicle type, the market is segmented into motorcycles, scooters, and mopeds. Motorcycles remained the dominant segment, accounting for the largest share of the market. This can be attributed to motorcycles’ popularity for various purposes, including commuting, recreation, and touring, driving the demand for robust suspension systems capable of handling diverse road conditions and riding styles. Scooters emerged as another significant segment in the two-wheeler suspension market, experiencing steady growth in recent years. Scooters are favored for their convenience, ease of use, and urban mobility, leading to increased adoption, especially in densely populated areas. Consequently, suspension systems tailored to scooter dynamics, emphasizing comfort and agility, witnessed rising demand. Mopeds represented a smaller yet notable segment in the two-wheeler suspension market. Mopeds are favored for their affordability and fuel efficiency, particularly in emerging markets. Suspension systems for mopeds typically prioritize simplicity and cost-effectiveness, catering to budget-conscious consumers.

Regional Analysis

The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the world. The market is predominantly led by the Asia Pacific region, mainly propelled by the substantial presence of major automotive manufacturers, significant vehicle production rates, and the continuous rise in consumer disposable income. This is driven by the robust demand for two-wheelers in countries, such as India, China, and Southeast Asian nations. Rapid urbanization, increasing disposable income, and expanding transportation infrastructure contributed to the region’s dominance, with manufacturers focusing on developing cost-effective suspension solutions tailored to local preferences and road conditions.

Europe and North America represented mature markets for two-wheeler suspensions, characterized by steady demand driven by replacement and aftermarket sales. While these regions have relatively lower two-wheeler penetration compared to Asia Pacific, they exhibit strong demand for premium and performance-oriented suspension systems driven by enthusiasts and recreational riders.

Latin America, Africa, and the Middle East region in the rest of the World showcased growing potential in the two-wheeler suspension market, supported by improving economic conditions, rising urbanization, and increasing motorization rates. However, market growth in these regions is influenced by factors, such as regulatory frameworks, infrastructure development, and socio-economic factors, presenting both opportunities and challenges for market players.

Key Players Covered

The report includes the profiles of key players, such as Showa Corporation (Japan), KYB Corporation (Japan), WP Suspension GmbH (Austria), Ohlins Racing AB (Sweden), Marzocchi Suspension (Italy), Gabriel India Limited (India), Endurance Technologies Limited (India), Tenneco Inc. (USA), Progressive Suspension (USA), and YSS Co., Ltd. (Thailand).

Key Industry Developments

• In January 2024, Ohlins launched SmartEC3 semi-active suspension. It made its debut at EICMA 2023 on the 2024 Honda CBR1000RR-R Fireblade SP. SmartEC3 combines world-class suspension components with state-of-the-art electronic controls. SmartEC3 offers four semi-active suspension algorithms: Sport, Track, Rain, and Manual. All these settings can be selected in real time, and the suspension performance can be adjusted according to the rider’s preferences.

• In August 2022, ZF Friedrichshafen AG and BMW Group collaborated on developing a Carbon fiber Telescopic Suspension fork. The fork consists of a carbon fiber outer tube infused with a carbon fiber inner tube and will be integrated with BMW’s M 1000RR motorcycle.