About Two Wheeler Front Forks
Two-wheeler front forks connect the vehicle's axle and front wheel with the body frame and enable efficient front suspension coupled with the braking system and enable the front wheel to steer about the rotating axis. There is a huge significance of a two-wheeler front fork in terms of a motorcycle manufactured for racing purposes. Therefore, motorcycle manufacturers are focusing on front forks design for various styles of high mountain bikes due to their growing popularity. Two-wheeler front forks are an essential component of a motorcycle's suspension system. They provide support, stability, and control by absorbing impacts from the road and maintaining proper contact between the tires and the surface
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is highly competitive with the presence of several prominent players. Some of the prominent players are focusing on organic and inorganic strategies such as a merger, acquisitions, partnerships, and product launches, among others in order to gain a competitive advantage. Moreover, some of the leading vendors are focusing on research & development activities in order to improve designs and suspensions. There are several new players are expected to enter the market due to higher profitability coupled with increasing demand Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to United States Two Wheeler Front Forks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TFX Suspenion Technology (Netherlands), MH Suspension Ltd. (United Kingdom), Hagon Motor Co., Ltd. (United Kingdom), SKF Group (Sweden), Gabriel (India), Endurance Group (India), K-Tech Suspension (United Kingdom), Showa Corporation (Japan), Trackside Suspension & Engineering (United States) and Tractive Suspension (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are RST Suspension (Germany) and ABE Bike Engineering (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of United States Two Wheeler Front Forks market by Type (Telescopic and Upside Down (USD)) and Region.
On the basis of geography, the market of Two Wheeler Front Forks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Two Wheeler Front Forks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Two Wheeler Type, the sub-segment i.e. Motorcycle {Standard, Cruiser, Sports Bike, Others} will boost the Two Wheeler Front Forks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Craze of High Suspension Bikes among the Millennial
Market Growth Drivers:
The rise in Sales of Two- Wheelers Is the Major Factor Driving the Two-Wheeler Front Fork Market and Growing Purchasing Power among Millennials and Their High Preference for Convenient Urban Transport Solutions
Challenges:
Contamination of the suspension fluid with dirt, moisture, or other contaminants can affect the performance of front forks
Restraints:
Current Pandemic is expected to hamper the Growth
Opportunities:
The Demand for Sports bike is growing which is expected to Open New Avenues for the Market during the Projected Period
Market Leaders and their expansionary development strategies
The previously announced acquisition of Tenute Srl by SKF has been finalized. Tenute employs about 50 people and develops and produces sealing systems for diverse industrial applications. Tenute Srl be incorporated into SKF's current Seals division
Gabriel collaborates with Inalfa Roof Systems in Chennai to manufacture local sunroofs
Key Target Audience
Two Wheeler Front Forks Manufacturers, Two Wheeler Front Forks Raw Material Suppliers, Two Wheeler Front Forks Traders/Distributors, Two Wheeler Front Forks Importers/Exporters, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.