What is Bicycle Suspension System Market?
Over the past few years, huge developments have been undertaken in manufacturing bicycles. The bicycle suspension system is the system designed to offer the softens the ride on the arms making the ride more comfortable, it offers improved control, comfort, and traction on rooty, potholed roads. It is mostly used in mountain bicycles but now it is common on hybrid bicycles as well. There are two main types of suspension front suspension and rear suspension. Cycling is a famous leisure activity and, in many cases, a means of transportation. In 2016, around 12.4 percent of Americans cycled on a daily basis. The number of cyclists/bike riders in the U.S. has increased over the past three years from around 43 million to 47.5 million in 2017The advancement in technologies and innovations in the manufacturing of bicycle suspension system is booming the market demand
Highlights from Bicycle Suspension System Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Fox Factory (United States), SRAM (United States), Dah Ken Industrial (RST Suspension), Hayes Performance Systems (United States), SR Suntour (Taiwan), Manitou (France), Ohlins (Sweden), X Fusion Shox (Australia), Magura (United States) and Marzocchi(Italy) |
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bicycle Suspension System market throughout the forecasted period.
Fox Factory (United States), SRAM (United States), Dah Ken Industrial (RST Suspension), Hayes Performance Systems (United States), SR Suntour (Taiwan), Manitou (France), Ohlins (Sweden), X Fusion Shox (Australia), Magura (United States) and Marzocchi(Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are RockShox (United States). Bicycle Suspension System Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Mountain Bikes, Hybrid Bicycles, Sports and Commercial |
Type | Hardtail suspension and Full suspension |
Travel Distance | Under 35 mm,35 to 40 mm,,40 to 50 mm,50 to 55 mm,55 mm Above |
Travel | Short Travel Suspension(Less than 120mm ),Long Travel Suspension (Greater Than 120mm) |
Material of Damper | Steel,Carbon fiber,Aluminum,Titanium,Others |
Bicycle | Kids,Hybrid,All Mountain,Free Ride And Downhill |
On the basis of geography, the market of Bicycle Suspension System 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in disposable income, increase in purchasing power
Market Growth Drivers:
Increasing Demand for the Mountain Bicycles, Growing environmental concerns has led to growth in the number of cyclists around the world is key Driving factor and Increasing Bicycle Riding Event
Challenges:
Key Competition between Manufacturers
Restraints:
Fluctuating Price of Material
Opportunities:
Cycling is becoming a popular activity and recreational purpose or as a sport, these factors are creating opportunities for growth and Continuous industrialization and the invention of new materials that are extremely light, but very strong, have transformed manufacturing and creating continuous growth
Key Target Audience
New Entrants/Investors, Bicycle Suspension System Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry