The global motorcycle market has witnessed major attention from consumers recently. Modern consumers are opting for convenient transportation, which has greatly influenced the sales growth of the motorcycles. Moreover, the increasing utilization of motorcycles, predominantly the standard motorcycles and scooters, the production of motorcycle components has witnessed significant growth. Moreover, the need for better performance and effective riding experience for consumers, irrespective of the road conditions, has propelled the production of advanced and technologically enhanced motorcycle suspension system. Leading motorcycle manufacturers are incorporating their latest motorcycle editions with such an advanced motorcycle suspension system.
Motorcycle Manufacturers to Boost Productivity of New Editions with Enhanced Motorcycle Suspension System
The motorcycle manufacturers are bringing new motorcycles to the market that offer effective suspension boosting the overall performance of the motorcycle. While the motorcycle suspension system landscape reflects a significant growth for the standard scooter type motorcycles, there are several variations witnessed in the new products.
For instance, the Piaggio Group, the leading two-wheeler manufacturer, based in Europe, and amongst the most prominent OEM customers in the motorcycle suspension system landscape is all set to introduce its two new models to the market. The new motorcycles are backed with great performance and output, one of which is the Aprilia RSV4 Factory 1100 that is built to deliver exceptional performance, combining suspension and racing frame alone with an electronic control package. The second model, Aprilia Tuono Factory, is equipped with the most efficient and advanced electronic motorcycle suspension system that is claimed to be a one-of-its-kind in the industry currently. Öhlins, a leading motorcycle suspension system manufacturer has closely worked with the Aprilia engineers to create this next-gen motorcycle suspension system.
Emerging Economies Contribute to Significant Revenue Growth
The low-income and middle-class customer base present in the APEJ region are the main focus for the motorcycle manufacturers. The APEJ market has created major demand for motorcycles over time, thereby boosting the need for effective motorcycle suspension systems. Moreover, the burgeoning initiatives and strategies carried out in the most lucrative are expected to further strengthen the hold of the motorcycle avenue. India is expected to hold the largest market value in the APEJ region, in 2019, owing to leading initiatives such the Automotive Mission Plan 2016-26, that aims at making the Indian automotive industry a substantial contributor to the economy of the nation. The rising investments in this segment are further spurring profitability in the motorcycle suspension system landscape. Moreover, the increasing rural penetration of motorcycles in this region acts a crucial growth driver.
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