PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1883039
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1883039
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.
By Product Type
By Vehicle Type
By Propulsion Type
By Sales Channel
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
By Vehicle Type
By Propulsion Type
By Sales Channel
By Region