Wilmington, Delaware, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Global Motorcycle Shock Absorber Market size is valued at US$ 552.3 million in 2023 and is predicted to rise at a substantial CAGR of 2.4% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
Several drivers influence the motorcycle shock absorber market, shaping its growth and development. The increasing popularity of motorcycles as a mode of transportation and recreation has led to a growing market for motorcycle components, including shock absorbers. As more people buy and use motorcycles, the demand for quality shock absorbers rises.
Further, Motorcycle riders are becoming more conscious of safety and comfort while riding. High-quality shock absorbers improve the handling and stability of motorcycles, making them safer and more comfortable to ride, which drives demand for upgraded shock absorbers.
- According to a deep-dive market assessment by RationalStat, the motorcycle shock absorber market has been analyzed based on market segments, including type, product type, motorcycle type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the motorcycle shock absorber market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the motorcycle shock absorber market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Motorcycle Shock Absorber Market: Segmental and Market Share Analysis
- Based on the distribution channel, the OEMs segment is expected to capture the majority of the motorcycle shock absorber market as the shock absorbers are used by the manufacturers in their products and they also provide warranties for the motorcycle’s shock absorber parts, which is anticipated to push the market growth.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 552.3 million |
| Market Size Forecast | US$ 649.8 million |
| Growth Rate | 2.4% |
| Dominant Segment | OEMs |
| Leading Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the motorcycle shock absorber market growth include SHOWA CORPORATION, Öhlins Racing, Duroshox, Nitron Racing Shocks, MINGZHEN Industrial Holding Group Co., ltd, Chongqing Chuandong Shock Absorber Manufacturing Co., Ltd., WP Suspension, JAINSGU BRIGHT STAR SHOCK ABSORBER CO., LTD, and KYB COR, among others.
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RationalStat has segmented the motorcycle shock absorber market based on type, product type, motorcycle type, distribution channel, and region
- Global Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Front
- Rear
- Global Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product Type
- Mono Shock Absorbers
- Dual Shock Absorbers
- Gas Shock absorbers
- Oil Shock Absorbers
- Others
- Global Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Motorcycle Type
- Low-Power Motorcycles
- Mid-Power Motorcycles
- High-Power Motorcycles
- Electric Motorcycles
- Others
- Global Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Distribution Channel
- OEM’s
- Aftermarket
- Global Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Motorcycle Shock Absorber MarketValue (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Motorcycle Shock Absorber Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Motorcycle Shock Absorber MarketValue (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Motorcycle Shock Absorber Report:
- What will be the market value of the motorcycle shock absorber market by 2030?
- What is the market size of the motorcycle shock absorber market?
- What are the market drivers of the motorcycle shock absorber market?
- What are the key trends in the motorcycle shock absorber market?
- Which is the leading region in the motorcycle shock absorber market?
- What are the major companies operating in the motorcycle shock absorber market?
- What are the market shares by key segments in the motorcycle shock absorber market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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