Two-wheeler Front Fork Market: Introduction
- Front fork is an integral part of the two-wheeler, which provides suspension and steering. The front front fork connects the two- wheeler’s body to the front wheel. Front forks are incorporated into all two-wheelers and hence witnesses high demand.
Key Drivers of Two-wheeler Front Fork Market
- Rise in sales of two- wheelers is the major factor driving the two-wheeler front fork market. Two-wheeler is a cost-effective means of transport due to its low price and maintenance cost. Two-wheelers are extremely popular in developing countries, such as India which has the world’s highest number of two- wheelers.
- Growing purchasing power among millennials and their high preference for convenient urban transport solutions are projected to boost the sales of two- wheelers and consequently, drive the Two-Wheeler front fork market. Increasing traffic congestion and unavailability of parking spots are driving the interest of consumers in two-wheelers, which is estimated to drive the two-wheeler front fork market.
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Upside down segment to expand significantly
- The upside down front fork is gaining significant popularity in market and several motorcycles are shifting from the use of traditional to upside down front forks. Upside down or inverted forks have thinner tube walls that improve ride handling. They also prevent torsion buildup in the fork bridge and increases torsional stiffness. Consequently, the upside down segment is expected to gain market share during the forecast period.
Asia Pacific held a leading share of global two-wheeler front fork market
- Asia is the largest manufacturer of two-wheelers, globally, with a high number of motorcycles used in India, China, Indonesia, and Vietnam. High domestic demand for two-wheelers in these countries is projected to boost the demand for two-wheeler front forks in the region.
- Europe and North America held a considerable share of the two-wheeler front fork market. The market in these regions is estimated to expand at a steady pace during the forecast period
- Middle East & Africa is estimated to witness high demand for two-wheeler front forks owing to rising demand for commutation and increasing preference of cost-effective transport modes such as two-wheelers. The market in Middle East & Africa is estimated to expand significantly between 2020 and 2030.
Key Players Operating in Two-Wheeler Front Fork Market
The global two-wheeler front fork market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the two-wheeler front fork market are:
- Onlis Racing
- TFX Suspenion Technology
- MH Suspension Ltd.
- Hagon Motor Co., Ltd.
- SKF Group
- Robert Bosch GmbH
- Endurance Technologies Limited
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Global Two-wheeler Front Fork Market: Research Scope
Global Two-wheeler Front Fork Market, Technology
- Upside Down (USD)
- Big Piston
Global Two-wheeler Front Fork Market, Sales Channel
Global Two-wheeler Front Fork Market, by Two-Wheeler Type
- Sports Bike
- Scooter Moped
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