Two Wheeler Front Forks Market: Introduction
The two wheeler front forks connect the vehicle’s front wheel and axle with the body frame, and enables efficient front suspension and braking system and allows the front wheel to steer about the rotating axis. The motorcycle suspension systems are made of coiled steel wires inserted into the fork that support both the static load of the bike and the rider as well as maintain proper balance due to expected bump loads. The suspension setup that comprises two wheeler front forks is becoming an important component when it comes to motorcycles manufactured for racing purposes. As a result, the manufacturers are focusing on two wheeler front forks designed for various styles of high-end mountain bikes owing to their growing popularity in all parts of the world. There have been various changes in the two wheeler front suspension over the years with market shifting towards upside down forks from the traditional telescopic two wheeler front forks. The manufacturers focusing on the quality of the products through robust manufacturing process will experience a smooth revenue growth from the sale of two wheeler front forks due to rising awareness among potential motorcycle buyers. The popularity of motorcycle events and activities as well as racing events & exhibitions organized by various companies to showcase their new models have grown significantly in the recent past in developing world, which will drive the growth of the two wheeler front forks market.
Two Wheeler Front Forks Market: Drivers and Restraints
In the developed parts of the globe, such as North America and Europe, people buy two wheeler vehicles to satisfy the diverse need of mobility in a convenient way where traffic congestion and lack of available parking places are major concerns, as well as for recreational activities such as touring, leisure and sport. The demand for two wheeler front forks will be growing at a notable pace in order to cater the demand of the increasing number of motor vehicles sales. On the other hand, the present low penetration of high-end two wheelers in the emerging economies will be one of the most important growth factors for the two wheeler upside down forks market. The improving economic conditions in many countries have resulted in the rise in the spending among the consumers, which will also increase the growth of the motorcycles market in emerging economies and ultimately boost the growth of the two wheeler front forks market. One factor that may act as a restraint to the adoption of upside down forks is the lack of end user awareness regarding the effect on the ride and safety factors associated with using quality two wheeler front forks. With the advent of new technologies emerging in the sector, the two wheeler front forks market will witness widespread adoption of upside down forks over the forecasted period.
Two Wheeler Front Forks Market: Segmentation
On the basis of two wheeler type, the two wheeler front forks market can be segmented into:
On the basis of technology, the two wheeler front forks market can be segmented into:
On the basis of sales channel, the two wheeler front forks market can be segmented into:
Two Wheeler Front Forks Market: Regional Outlook
The global two wheeler front forks market is segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). In the coming years, Western Europe, Japan and North America are projected to witness growth in the demand owing to increasing sale of electric scooters and sports motorcycles. The APEJ especially South East Asia and Latin America are expected to witness major growth in the demand for two wheeler front forks as two wheeler production is set to increase in the region with a large share of population looking to buy new vehicles. Adding to this, the MEA and Eastern Europe are also expected to register healthy CAGR over the forecast period.
Two Wheeler Front Forks Market: Key Participants
Examples of some of the market participants identified across the value chain of the global two wheeler front forks market include:
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