The motorcycle suspension system is highly used in the efficient handling and braking of the vehicle. The growth of the motorcycle suspension system market has increased in demand due to the two-wheelers, that are rising and leading across all over the world.
Classic or modern motorcycles are augmenting market growth as the benefits are offered keenly by the suspension system. The accelerated rise in suspension replacements of classic vehicles is likely to contribute to the growth of the motorcycle suspension system market.
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Key Takeaways from the Motorcycle Suspension System Market Report:
The United States predicted a market share of 35.2% in 2022. North America registered a market share of 43.2% in 2022. Europe was estimated to record a market share of 40.2% in 2022. The United Kingdom augmented to expand at a market share of 6.72% in 2022. India was forecasted to command 8.32% of the total market share in 2022. Japan was assumed to record 6.1% of the total market share in 2022.
Competitive Landscape:
The motorcycle suspension system industry consists of a consequential number of market players. Research and development is one of them that is mainly used for the introduction of environmental-friendly product lines from the core aspect of these manufacturers. In addition to that, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.
Leading Key Players:
Gabriel India Limited, ZF Friedrichshafen AG, SHOWA CORPORATION, KYB Corporation, Duro Shox Pvt Ltd, BMW Group, WP AG, Nitron Racing Shocks, Marzocchi Moto, Öhlins Racing, K-Tech Suspension Limited, Progressive Suspension, Inc., TFX Suspension Technology, BITUBO S.r.l.
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