Automotive & Transportation Market Insights Motorcycle Suspension System Market | Page 6

Motorcycle Suspension System Market Motorcycle Suspension System Market Forecast By region, the APEJ region is estimated to dominate the global Motorcycle Suspension System market. The APEJ Motorcycle Suspension System market is expected to gain 30 BPS between 2018 and 2028. Moreover, the region is estimated to remain a high growth market throughout the forecast period. It is projected to grow with a CAGR of 4.5% over the forecast period, primarily owing to the increasing production of two wheelers. By motorcycle type, in terms of volume and value, the standard segment is estimated to lead the global Motorcycle Suspension System market throughout the forecast period. For the scooters segment, Europe is one of the most lucrative regions as the region accounts for almost 46% of motorcycle sales. The standard Motorcycle Suspension System market is expected to create an incremental $ opportunity of US$ 437.2 Mn between 2018 and 2028 in the global Motorcycle Suspension System market. By product type, in terms of volume, the rear suspension segment is estimated to be pegged at 45,329.7 ‘000 units in 2018. This segment is expected to grow with a CAGR of 3.7% between 2018 and 2028 in the global Motorcycle Suspension System market. The front suspension segment is projected to create an incremental $ opportunity of US$ 361.2 Mn over the forecast period. ©2015 Future Market Insights, All Rights Reserved 6