Global Two-wheeler Suspension System Market 2019-2023
About this market
The growth of multinational two-wheeler OEMs in emerging countries will trigger the growth of the market in the forthcoming years. The demand for two-wheelers is increasing by the rising purchasing power to purchase high-powered motorcycles and scooters for the personal commute in emerging economies. This is encouraging several multinational two-wheeler OEMs to enter and expand their presence in major two-wheelers markets such as Indian and China. As a result, the demand for advanced suspension system is increasing because the players are focusing on including a new class of premium-level two-wheelers in their product portfolio. Technavio’s analysts have predicted that the two-wheeler suspension system market will register a CAGR of nearly 8% by 2023.
Growth of multinational two-wheeler OEMs in emerging countries
One of the growth drivers of the global two-wheeler suspension system market is the growth of multinational two-wheeler OEMs in emerging countries. The rising purchasing power to purchase high-powered motorcycles and scooters for the personal commute in emerging economies drives the demand for two-wheelers.
Growth of the motorcycle and scooter rental market
One of the challenges in the growth of the global two-wheeler suspension system market is the growth of the motorcycle and scooter rental market. The increasing launch of rental services for motorcycles and scooters poses a significant challenge to the sales of two-wheelers as potential buyers.
For the detailed list of factors that will drive and challenge the growth of the two-wheeler suspension system market during 2019-2023, view our report.
The market appears to be moderately fragmented with the presence of several market players. Various two-wheeler OEMs in the market are increasingly focusing on launching innovative automotive products, such as monostock suspension systems, to het an edge over the competition. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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