Automotive Component Two Wheeler Upside Down Forks Market Research Report: By Component Type (Valve, Damper Rod, Piston Rod, Tube, Fork Cap, Oil Seal, Dust Seal), By Material (Steel, Aluminum, Magnesium, Titanium, Carbon Fiber), By Suspension Type (Conventional, USD (Upside Down), Telescopic), By Stroke Length (Less than 150 mm, 150-300 mm, More than 300 mm), By End Use (Road, Off-Road, Track) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Automotive Component Two Wheeler Upside Down Forks Market Overview

As per MRFR analysis, the Automotive Component Two Wheeler Upside Down Forks Market Size was estimated at 1.6 (USD Billion) in 2022.

The Automotive Component Two Wheeler Upside Down Forks Market Industry is expected to grow from 1.68(USD Billion) in 2023 to 2.56 (USD Billion) by 2032. The Automotive Component Two Wheeler Upside Down Forks Market CAGR (growth rate) is expected to be around 4.81% during the forecast period (2024 - 2032).

Key Automotive Component Two Wheeler Upside Down Forks Market Trends Highlighted

Growing adoption of advanced suspension systems and the increasing demand for high-performance two-wheelers are driving the global automotive component two-wheeler upside-down forks market. The market is also witnessing a surge in demand for premium and luxury two-wheelers, which typically feature upside-down forks as a standard feature. Technological advancements such as electronic suspension and damping systems are further fueling market growth.Key market drivers include rising consumer preference for enhanced ride quality, improved handling, and stability, particularly in off-road and racing applications. Opportunities lie in the integration of advanced technologies such as semi-active and active suspension systems, which offer real-time adjustments to suit different riding conditions. Additionally, the growing popularity of electric two-wheelers presents a potential growth avenue as upside-down forks can enhance the stability and handling of these vehicles.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Component Two Wheeler Upside Down Forks Market Drivers

Increasing Demand for Premium and Performance Motorcycles

The market for upside-down forks is growing due to the increasing popularity of premium and performance bikes, especially in the emerging markets. Moreover, these forks provide better handling, stability, and braking which are some of the key attributes looked for by riders who demand an engaging and thrilling experience. The upside down forks market is being driven by the increasing permeation of premium bikes as a result of growing affordability and availability.The motorcycle manufacturers are focusing on meeting the demands for advanced motorcycles equipped with superior features and as a result, the acceptance of upside-down forks is also expected to increase.

Technological Advancements and Innovation

The Automotive component two-wheeler upside-down forks industry is witnessing accelerated technological advancements and innovation. This has been a significant factor driving the growth of the market. Presently the development of performance, endurance, and aesthetic property of the forks is a core focus of every manufacturer and this has successfully been achieved. New materials such as lightweight alloy and carbon fiber are constantly being discovered and used for the manufacturing of upside-down forks.These forks are being produced to be lighter, stiffer, and to be more response which has assisted in its market supremacy. Besides, technological advancements in modern manufacturing are increasingly seen. On a general note, CNC machining, and 3D printing have become popular in the manufacturing industry. With trends as such, it is possible to make intricate designs that have proven daunting for a while now.

Growing Focus on Safety and Comfort

Another driving factor of the market is the increasing attention to safety and convenience among the riders. Here, it is worth noting that upside-down forks are rather advantageous due to several reasons. First, their design ensures that the irregularities of the road are promptly damped and absorbed, thus leading to a more comfortable ride. Second, the extra stiffness that upside-down forks generate serves as a critical prerequisite for safety, promoting the overall stability and improving control when riding a motorcycle.

Automotive Component Two Wheeler Upside Down Forks Market Segment Insights

Automotive Component Two Wheeler Upside Down Forks Market Component Type Insights  

The Automotive Component Two Wheeler Upside Down Forks Market is segmented by Component Type into Valve, Damper Rod, Piston Rod, Tube, Fork Cap, Oil Seal, and Dust Seal. Among these segments, the Tube segment is expected to hold the largest market share in 2023, owing to the increasing demand for lightweight and high-performance motorcycles. The Valve segment is also expected to witness significant growth, driven by the rising popularity of electronically controlled suspension systems. The increasing adoption of two-wheelers, particularly in emerging markets, is driving the growth of the Automotive Component Two Wheeler Upside Down Forks Market.The Asia-Pacific region is expected to be the largest market for upside-down forks, accounting for over 50% of the global market share. Key players in the Automotive Component Two Wheeler Upside Down Forks Market include KYB Corporation, Showa Corporation, ZF Friedrichshafen AG, and Marzocchi S.p.A. These companies are investing in research and development to improve the performance and reliability of their products. They are also expanding their manufacturing capacity to meet the growing demand for upside-down forks.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Component Two Wheeler Upside Down Forks Market Material Insights  

The Automotive Component Two Wheeler Upside Down Forks Market is segmented by Material and the segment is further classified as Steel, Aluminum, Magnesium, Titanium, and Carbon Fiber .  Steel: Steel is the most commonly used material for the production of two-wheeler upside-down forks due to its strength, durability, and economic viability. It is expected to bring in revenue of over 50% in the global market by 2023.  Aluminum: Aluminum is a relatively lightweight and corrosion-resistant material that has begun to be used in the production of two-wheeler upside-down forks.It is projected to record a growth in usage in the future due to the increasing share of manufacturers opting for its use.  Magnesium: Magnesium is a lightweight and strong material that is mainly used in high-end two-wheeler upside-down forks due to its astonishing vibration damping characteristics. A demand is yet to be created for its applications in the future.  Titanium: Titanium is a lightweight and highly strong material that is applied in premium two-wheeler upside-down forks. It is highly corrosion-resistant and highly durable in nature.However, tailor-made applications have not been enough to justify widespread use as of now.  Carbon Fiber: Carbon fiber is an expensive, lightweight, and highly strong material that has been used in high-end two-wheeler upside-down forks. It exhibits good stiffness and vibration damping characteristics. However, it still has a long way to go in terms of being used at the mass level.

Automotive Component Two Wheeler Upside Down Forks Market Suspension Type Insights  

USD (Upside Down) suspension type is anticipated to dominate the Automotive Component Two Wheeler Upside Down Forks Market throughout the forecast period (2023-2032). The growing demand for premium motorcycles and increasing adoption of advanced suspension systems for enhanced riding experience and safety are key factors driving the growth of USD forks in the market. In 2023, the USD suspension type is projected to account for approximately 45% of the Automotive Component Two Wheeler Upside Down Forks Market revenue. Telescopic suspension, on the other hand, is expected to hold a significant market share due to its cost-effectiveness and wide usage in entry-level and mid-range motorcycles.Conventional suspension type, though gradually losing market share, is still preferred for basic transportation needs and in regions with budget-conscious consumers.

Automotive Component Two Wheeler Upside Down Forks Market Stroke Length Insights  

The Stroke Length segment is a crucial aspect of the Automotive Component Two Wheeler Upside Down Forks Market, with each category catering to specific motorcycle requirements. The 'Less than 150 mm' stroke length segment captured a notable market share in 2023, owing to its widespread adoption in entry-level and budget-friendly motorcycles. Its compact size and lower production costs make it an attractive option for manufacturers targeting value-conscious consumers. The '150-300 mm' stroke length segment holds a significant portion of the market, driven by its versatility and suitability for a range of motorcycle types, including standard, sport, and adventure models.Motorcycles equipped with forks in this stroke length range offer a balance of handling, stability, and comfort, making them popular among a wide audience. The 'More than 300 mm' stroke length segment, though smaller in market share, caters to high-performance motorcycles, particularly those designed for off-road and extreme riding conditions. These forks provide exceptional suspension travel and damping capabilities, enhancing the motorcycle's ability to navigate rough terrains and absorb impacts. As the Automotive Component Two Wheeler Upside Down Forks Market continues to grow, the segmentation based on Stroke Length will remain a key factor influencing market dynamics and product development strategies.

Automotive Component Two Wheeler Upside Down Forks Market End Use Insights  

The End Use segment plays a pivotal role in the Automotive Component Two Wheeler Upside Down Forks Market, influencing market growth and dynamics. In 2023, the Road segment held a substantial market share, accounting for around 65% of the market revenue. This dominance is primarily driven by the extensive utilization of two-wheelers for daily commuting and long-distance travel. The Off-Road segment is projected to witness a significant growth rate during the forecast period, owing to the increasing popularity of adventure and off-road riding.The Track segment, though relatively niche, is expected to contribute to market growth as well, fueled by the growing interest in motorsports and track racing. These segments offer distinct opportunities for manufacturers to cater to the specific requirements and preferences of different end-user groups, driving market segmentation and expansion.

Automotive Component Two Wheeler Upside Down Forks Market Regional Insights  

The Automotive Component Two Wheeler Upside Down Forks Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in 2023, owing to the increasing demand for two-wheelers in the region. Europe is expected to be the second-largest market, followed by North America. South America and MEA are expected to witness a steady growth in the market over the forecast period. The growth in the Automotive Component Two Wheeler Upside Down Forks Market is attributed to the increasing popularity of two-wheelers as a mode of transportation, the rising demand for premium and high-performance motorcycles, and the growing awareness of safety features among consumers.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Component Two Wheeler Upside Down Forks Market Key Players And Competitive Insights

Automotive Component Two Wheeler Upside Down Forks Market major players are constantly working on gaining a competitive advantage through the implementation of various growth strategies such as product innovation, mergers or acquisition, and partnership. Leading Automotive Component Two Wheeler Upside Down Forks Market players are focused on developing lightweight and durable forks, on the back of the ever-increasing demand for high-performance motorcycles. The Automotive Component Two Wheeler Upside Down Forks Market resonates well with the degree of competition involved, which is quite intricately diverse, consisting of several multinational companies and medium and small-sized firms. Automotive Component Two Wheeler Upside Down Forks Market contenders are focusing on augmenting investments in research and development to expand their product line and enhance product quality.KYB Corporation is one of the leading companies in the Automotive Component Two Wheeler Upside Down Forks Market, which is globally followed for its high-quality suspension systems and shock absorbers. The company offers a wide range of suspension products to its large pool of customers across the world. KYB being a well-established company and its presence all around the world, it supplies its products to the major motorcycle manufacturers, and to other secondary manufactures. KYB holds a strong reputation, as this company is continuously focusing on the development of new technologies, which will meet the demands of the customers. In addition to this, the company is committed to providing the best quality at the performance levels-which has a huge pool of loyal customers across the globe. Business Wire, 2020.Showa Corporation is among the top companies in the Automotive Component Two Wheeler Upside Down Forks Market, which provides high-quality products all around the globe. The company is primarily involved in manufacturing and devising suspension systems and components, which are manufactured for both motorcycles and automobiles. Reputed Showa Corporation serves a long list of clients across the globe, which includes both motorcycle manufacturers and racing teams or promoters and aftermarket retailers. This company continually focuses on new product development so as to compete with most advanced technologies. Business Wire, 2020.

Key Companies in the Automotive Component Two Wheeler Upside Down Forks Market Include

• EXT Racing Shocks


• DVO Suspension


• MRP Suspensions


• Manitou Suspension


• Fox Factory Holding Corp


• PUSH Industries


• KYB Corporation


• Showa Corporation


• ZF Friedrichshafen AG


• Bitubo Suspension


• JTech Suspension


• Rock Shox


• WP Suspensions

Automotive Component Two Wheeler Upside Down Forks Market Industry Developments

The global automotive component two-wheeler upside down forks market is projected to grow from USD 1.68 billion in 2023 to USD 2.56 billion by 2032, at a CAGR of 4.81% during the forecast period. Rising demand for premium motorcycles, increasing adoption of adventure and sports bikes, and growing popularity of off-road riding are the key factors driving the market growth.Recent news developments and current affairs in the market include the launch of new upside down forks by major manufacturers, such as Showa, KYB, and WP Suspension. These new forks offer improved performance, handling, and comfort, which is attracting consumers towards premium motorcycles. Additionally, the growing popularity of electric motorcycles is also expected to boost the demand for upside down forks, as they provide better stability and handling for these vehicles.

Automotive Component Two Wheeler Upside Down Forks Market Segmentation Insights

• Automotive Component Two Wheeler Upside Down Forks Market Component Type Outlook
  
  
  
  • Valve
  
  
  • Damper Rod
  
  
  • Piston Rod
  
  
  • Tube
  
  
  • Fork Cap
  
  
  • Oil Seal
  
  
  • Dust Seal
  
  
  
  

• Automotive Component Two Wheeler Upside Down Forks Market Material Outlook
  
  
  
  • Steel
  
  
  • Aluminum
  
  
  • Magnesium
  
  
  • Titanium
  
  
  • Carbon Fiber
  
  
  
  

• Automotive Component Two Wheeler Upside Down Forks Market Suspension Type Outlook
  
  
  
  • Conventional
  
  
  • USD (Upside Down)
  
  
  • Telescopic
  
  
  
  

• Automotive Component Two Wheeler Upside Down Forks Market Stroke Length Outlook
  
  
  
  • Less than 150 mm
  
  
  • 150-300 mm
  
  
  • More than 300 mm
  
  
  
  

• Automotive Component Two Wheeler Upside Down Forks Market End Use Outlook
  
  
  
  • Road
  
  
  • Off-Road
  
  
  • Track
  
  
  
  

• Automotive Component Two Wheeler Upside Down Forks Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa