이륜차 서스펜션 시스템 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of two wheeler suspension system Market

The global two wheeler suspension system market is witnessing accelerated growth due to rising two-wheeler adoption, increasing focus on rider safety, and rapid technological advancements in suspension engineering. According to the latest industry data, the market was valued at USD 4.51 billion in 2024, supported by strong production levels in Asia Pacific and increasing consumer demand for comfort and stability in two-wheelers. The market is projected to reach USD 4.69 billion in 2025, driven by higher motorcycle and scooter sales across emerging economies. By 2032, the global market value is expected to rise significantly to USD 7.44 billion, propelled by electrification trends, advanced suspension technologies, and continued growth in OEM production.

Market Overview

The two wheeler suspension system market includes shock absorbers, telescopic forks, mono-shocks, and electronically controlled systems designed for motorcycles, scooters, and mopeds. These components protect riders by absorbing vibrations, maintaining tire-road contact, supporting braking stability, and improving handling. The market consists of both OEM and aftermarket suppliers, with major global players such as Showa Corporation, KYB Corporation, and WP Suspension GmbH leading innovation in lightweight, electronically adjustable, and performance-oriented suspension solutions.

Asia Pacific dominated the global market in 2024 with a share of 62.53%, reflecting massive two-wheeler sales in India, China, Indonesia, Vietnam, and Thailand. With rising urban populations and growing mobility needs, this region continues to generate the highest demand for both OEM-installed and replacement suspension components.

Market Dynamics

Market Drivers

A major driver of market growth is the rise in global two-wheeler sales. Countries such as India and Indonesia recorded strong demand due to affordability, reduced traffic congestion, and increasing reliance on personal mobility. India's two-wheeler sales exceeded 20.5 million units in 2024, up 16.6% year-on-year, directly expanding OEM demand for suspension components. High-volume models like Hero Splendor Plus (28,40,595 units) and Honda Activa (23,98,881 units) further strengthen OEM integration of advanced suspension systems.

Market Restraints

Fluctuating raw material prices pose a major challenge. Suspension systems significantly rely on steel, aluminum, composites, and rubber, all of which face global pricing volatility shaped by geopolitics and supply chain disruptions. These fluctuations raise manufacturing costs and may force OEMs to revise pricing or use lower-cost material options.

Market Opportunities

Electric two-wheelers present a new frontier for specialized suspension solutions. EV models have different weight distributions due to battery placement, requiring re-engineered suspensions. Manufacturers such as Honda are accelerating electric model launches-its ACTIVA e and QC1 electric commuter scooters unveiled in 2024 showcase the rising demand for EV-tailored suspension systems.

Market Challenges

Ongoing supply chain disruptions-especially shortages in precision components and semiconductors-may delay production of advanced suspension technologies. OEMs dependent on specialized suppliers often face delays in delivery and cost increases.

Segmentation Analysis

By Product Type

• Rear suspension dominated the market in 2024 due to rising consumer demand for improved comfort and higher stability during acceleration and cornering. Mono-shock systems are especially popular in premium motorcycles.
• Telescopic front suspension remains widely used due to its low cost, reliability, and suitability for scooters and mass-market motorcycles.

By Vehicle Type

• Motorcycles led the market in 2024, driven by high sales in Asia, Africa, and Latin America.
• Scooters also maintained a strong share due to their popularity for short-distance commuting.

By Propulsion Type

• ICE two-wheelers dominated the market due to their large sales volume in developing nations.
• Electric two-wheelers form the fastest-growing segment, encouraged by government subsidies and rising environmental awareness.

By Sales Channel

• OEMs dominated the 2024 market, supported by high production volumes and preference for factory-fitted suspension systems.
• The aftermarket segment expanded due to rising replacement demand and customization trends.

Regional Outlook

Asia Pacific

Asia Pacific leads the market with a valuation of USD 2.82 billion in 2024. Rapid urbanization, rising income levels, and high two-wheeler dependency are the core growth drivers. Indonesia alone recorded 6.3 million units sold in 2024, highlighting strong regional momentum.

Europe

Europe holds a significant share due to widespread scooter usage in urban centers and a growing emphasis on lightweight and eco-friendly suspension materials.

North America

North America's market is driven by demand for premium motorcycles with advanced suspension systems to support touring, adventure riding, and off-road applications.

Rest of the World

Latin America and Middle East & Africa experience rising demand due to affordability of motorcycles and improvements in road infrastructure.

Conclusion

With the global market rising from USD 4.51 billion in 2024 to USD 7.44 billion by 2032, the two wheeler suspension system industry is set for strong growth. Increasing motorcycle sales, rise of EVs, and advancements in electronic suspension systems will continue shaping the market through 2032.

Segmentation By Product Type

• Telescopic Front Suspension
• Rear Suspension
  • Mono Shocks
  • Dual Shocks

By Vehicle Type

• Scooter
• Motorcycle
• Moped

By Propulsion Type

• ICE
  • Upto 150cc
  • 151 cc to 300cc
  • 300cc -500cc
  • Above 500cc
• Electric

By Sales Channel

• OEM
• Aftermarket

By Region

• North America (By Product Type, By Vehicle Type, By Propulsion Type and By Sales Channel)
  • U.S. (By Vehicle Type)
  • Canada (By Vehicle Type)
  • Mexico (By Vehicle Type)
• Europe (By Product Type, By Vehicle Type, By Propulsion Type and By Sales Channel)
  • U.K. (By Vehicle Type)
  • Germany (By Vehicle Type)
  • France (By Vehicle Type)
  • Rest of Europe (By Vehicle Type)
• Asia Pacific (By Product Type, By Vehicle Type, By Propulsion Type and By Sales Channel)
  • India (By Vehicle Type)
  • China (By Vehicle Type)
  • Japan (By Vehicle Type)
  • Rest of Asia Pacific (By Vehicle Type)
• Rest of the World (Middle East & Africa and Latin America) (By Product Type, By Vehicle Type, By Propulsion Type and By Sales Channel)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Key Industry Developments -Mergers, Acquisitions and Partnerships
• 4.2. Porters Five Forces Analysis
• 4.3. Technological Development
• 4.4. Impact of Covid-19

5. Global Two Wheeler Suspension System Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Definitions
• 5.2. Market Analysis, Insights and Forecast - By Product Type
  • 5.2.1. Telescopic Front Suspension
  • 5.2.2. Rear Suspension
    • 5.2.2.1. Mono Shocks
    • 5.2.2.2. Dual Shocks
• 5.3. Market Analysis, Insights and Forecast - By Vehicle Type
  • 5.3.1. Scooter
  • 5.3.2. Motorcycle
  • 5.3.3. Moped
• 5.4. Market Analysis, Insights and Forecast - By Propulsion Type
  • 5.4.1. ICE
    • 5.4.1.1. Upto 150cc
    • 5.4.1.2. 151 cc to 300cc
    • 5.4.1.3. 300cc -500cc
    • 5.4.1.4. Above 500cc
  • 5.4.2. Electric
• 5.5. Market Analysis, Insights and Forecast - By Sales Channel
  • 5.5.1. OEM
  • 5.5.2. Aftermarket
• 5.6. Market Analysis, Insights and Forecast - By Region
  • 5.6.1. North America
  • 5.6.2. Europe
  • 5.6.3. Asia pacific
  • 5.6.4. Rest of the world

6. North America Two Wheeler Suspension System Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Market Analysis, Insights and Forecast - By Product Type
  • 6.1.1. Telescopic Front Suspension
  • 6.1.2. Rear Suspension
    • 6.1.2.1. Mono Shocks
    • 6.1.2.2. Dual Shocks
• 6.2. Market Analysis, Insights and Forecast - By Vehicle Type
  • 6.2.1. Scooter
  • 6.2.2. Motorcycle
  • 6.2.3. Moped
• 6.3. Market Analysis, Insights and Forecast - By Propulsion Type
  • 6.3.1. ICE
    • 6.3.1.1. Upto 150cc
    • 6.3.1.2. 151 cc to 300cc
    • 6.3.1.3. 300cc -500cc
    • 6.3.1.4. Above 500cc
  • 6.3.2. Electric
• 6.4. Market Analysis, Insights and Forecast - By Sales Channel
  • 6.4.1. OEM
  • 6.4.2. Aftermarket
• 6.5. Market Analysis - By Country
  • 6.5.1. The U.S.
    • 6.5.1.1. By Vehicle Type
  • 6.5.2. Canada
    • 6.5.2.1. By Vehicle Type
  • 6.5.3. Mexico
    • 6.5.3.1. By Vehicle Type

7. Europe Two Wheeler Suspension System Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Market Analysis, Insights and Forecast - By Product Type
  • 7.1.1. Telescopic Front Suspension
  • 7.1.2. Rear Suspension
    • 7.1.2.1. Mono Shocks
    • 7.1.2.2. Dual Shocks
• 7.2. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.2.1. Scooter
  • 7.2.2. Motorcycle
  • 7.2.3. Moped
• 7.3. Market Analysis, Insights and Forecast - By Propulsion Type
  • 7.3.1. ICE
    • 7.3.1.1. Upto 150cc
    • 7.3.1.2. 151 cc to 300cc
    • 7.3.1.3. 300cc -500cc
    • 7.3.1.4. Above 500cc
  • 7.3.2. Electric
• 7.4. Market Analysis, Insights and Forecast - By Sales Channel
  • 7.4.1. OEM
  • 7.4.2. Aftermarket
• 7.5. Market Analysis - By Country
  • 7.5.1. The U.K
    • 7.5.1.1. By Vehicle Type
  • 7.5.2. Germany
    • 7.5.2.1. By Vehicle Type
  • 7.5.3. France
    • 7.5.3.1. By Vehicle Type
  • 7.5.4. Rest of Europe
    • 7.5.4.1. By Vehicle Type

8. Asia Pacific Two Wheeler Suspension System Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Market Analysis, Insights and Forecast - By Product Type
  • 8.1.1. Telescopic Front Suspension
  • 8.1.2. Rear Suspension
    • 8.1.2.1. Mono Shocks
    • 8.1.2.2. Dual Shocks
• 8.2. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.2.1. Scooter
  • 8.2.2. Motorcycle
  • 8.2.3. Moped
• 8.3. Market Analysis, Insights and Forecast - By Propulsion Type
  • 8.3.1. ICE
    • 8.3.1.1. Upto 150cc
    • 8.3.1.2. 151 cc to 300cc
    • 8.3.1.3. 300cc -500cc
    • 8.3.1.4. Above 500cc
  • 8.3.2. Electric
• 8.4. Market Analysis, Insights and Forecast - By Sales Channel
  • 8.4.1. OEM
  • 8.4.2. Aftermarket
• 8.5. Market Analysis - By Country
  • 8.5.1. India
    • 8.5.1.1. By Vehicle Type
  • 8.5.2. China
    • 8.5.2.1. By Vehicle Type
  • 8.5.3. Japan
    • 8.5.3.1. By Vehicle Type
  • 8.5.4. Rest of Asia Pacific
    • 8.5.4.1. By Vehicle Type

9. Rest of the World Two Wheeler Suspension System Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Market Analysis, Insights and Forecast - By Product Type
  • 9.1.1. Telescopic Front Suspension
  • 9.1.2. Rear Suspension
    • 9.1.2.1. Mono Shocks
    • 9.1.2.2. Dual Shocks
• 9.2. Market Analysis, Insights and Forecast - By Vehicle Type
  • 9.2.1. Scooter
  • 9.2.2. Motorcycle
  • 9.2.3. Moped
• 9.3. Market Analysis, Insights and Forecast - By Propulsion Type
  • 9.3.1. ICE
    • 9.3.1.1. Upto 150cc
    • 9.3.1.2. 151 cc to 300cc
    • 9.3.1.3. 300cc -500cc
    • 9.3.1.4. Above 500cc
  • 9.3.2. Electric
• 9.4. Market Analysis, Insights and Forecast - By Sales Channel
  • 9.4.1. OEM
  • 9.4.2. Aftermarket

10. Competitive Analysis

• 10.1. Key Industry Development
• 10.2. Global Market Ranking Analysis (2024)
• 10.3. Competition Dashboard
• 10.4. Comparative Analysis - Major Players
• 10.5. Company Profiles
  • 10.5.1. Marzocchi Moto (Italy)
    • 10.5.1.1. Overview
    • 10.5.1.2. Products & services
    • 10.5.1.3. SWOT Analysis
    • 10.5.1.4. Recent Developments
    • 10.5.1.5. Strategies
    • 10.5.1.6. Financials (Based on Availability)
  • 10.5.2. Showa Corporation (Japan)
    • 10.5.2.1. Overview
    • 10.5.2.2. Products & services
    • 10.5.2.3. SWOT Analysis
    • 10.5.2.4. Recent Developments
    • 10.5.2.5. Strategies
    • 10.5.2.6. Financials (Based on Availability)
  • 10.5.3. KYB Corporation (Japan)
    • 10.5.3.1. Overview
    • 10.5.3.2. Products & services
    • 10.5.3.3. SWOT Analysis
    • 10.5.3.4. Recent Developments
    • 10.5.3.5. Strategies
    • 10.5.3.6. Financials (Based on Availability)
  • 10.5.4. WP Suspension GmbH (Austria).
    • 10.5.4.1. Overview
    • 10.5.4.2. Products & services
    • 10.5.4.3. SWOT Analysis
    • 10.5.4.4. Recent Developments
    • 10.5.4.5. Strategies
    • 10.5.4.6. Financials (Based on Availability)
  • 10.5.5. BITUBO S.r.l. (Italy)
    • 10.5.5.1. Overview
    • 10.5.5.2. Products & services
    • 10.5.5.3. SWOT Analysis
    • 10.5.5.4. Recent Developments
    • 10.5.5.5. Strategies
    • 10.5.5.6. Financials (Based on Availability)
  • 10.5.6. Nitron Racing Shocks (U.K.)
    • 10.5.6.1. Overview
    • 10.5.6.2. Products & services
    • 10.5.6.3. SWOT Analysis
    • 10.5.6.4. Recent Developments
    • 10.5.6.5. Strategies
    • 10.5.6.6. Financials (Based on Availability)
  • 10.5.7. YSS Suspension (Thailand)
    • 10.5.7.1. Overview
    • 10.5.7.2. Products & services
    • 10.5.7.3. SWOT Analysis
    • 10.5.7.4. Recent Developments
    • 10.5.7.5. Strategies
    • 10.5.7.6. Financials (Based on Availability)
  • 10.5.8. Racetech Suspension (U.S.)
    • 10.5.8.1. Overview
    • 10.5.8.2. Products & services
    • 10.5.8.3. SWOT Analysis
    • 10.5.8.4. Recent Developments
    • 10.5.8.5. Strategies
    • 10.5.8.6. Financials (Based on Availability)
  • 10.5.9. Progressive Suspension (U.S.)
    • 10.5.9.1. Overview
    • 10.5.9.2. Products & services
    • 10.5.9.3. SWOT Analysis
    • 10.5.9.4. Recent Developments
    • 10.5.9.5. Strategies
    • 10.5.9.6. Financials (Based on Availability)
  • 10.5.10. Endurance Technologies Ltd. (India)
    • 10.5.10.1. Overview
    • 10.5.10.2. Products & services
    • 10.5.10.3. SWOT Analysis
    • 10.5.10.4. Recent Developments
    • 10.5.10.5. Strategies
    • 10.5.10.6. Financials (Based on Availability)
  • 10.5.11. Gabriel India Limited (India)
    • 10.5.11.1. Overview
    • 10.5.11.2. Products & services
    • 10.5.11.3. SWOT Analysis
    • 10.5.11.4. Recent Developments
    • 10.5.11.5. Strategies
    • 10.5.11.6. Financials (Based on Availability)
  • 10.5.12. TechnoFlex Suspension (Canada)
    • 10.5.12.1. Overview
    • 10.5.12.2. Products & services
    • 10.5.12.3. SWOT Analysis
    • 10.5.12.4. Recent Developments
    • 10.5.12.5. Strategies
    • 10.5.12.6. Financials (Based on Availability)