Global Bicycle Suspension System Market 2022-2026
Technavio has been monitoring the bicycle suspension system market and it is poised to grow by $ 682.04 million during 2022-2026, accelerating at a CAGR of 6.18% during the forecast period. Our report on the bicycle suspension system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by mountain biking tourism catalyzes sustainable development in less populated areas, traffic issues due to growing urbanization and increasing fuel prices drive bicycle sales, and demand for enhanced and safe rideability on uneven terrains.
The bicycle suspension system market analysis includes type segment and geographic landscape.
Technavio's bicycle suspension system market is segmented as below:
- By Type
- hardtail suspension
- full suspension
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- The Middle East and Africa
This study identifies the development of a smart connected helmet, which integrates health and wellness features as one of the prime reasons driving the bicycle suspension system market growth during the next few years. Also, the use of 3D printing in bicycle manufacturing and the use of advanced carbon fiber material to develop lightweight bicycles will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the bicycle suspension system market covers the following areas:
- Bicycle suspension system market sizing
- Bicycle suspension system market forecast
- Bicycle suspension system market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bicycle suspension system market vendors including BOS Suspension, Dah Ken Industrial Co. Ltd., Dorel Industries Inc., Fox Factory Holding Corp., FU LUONG HI TECH CO. LTD., Haro Bikes, Hayes Performance Systems Inc., HiRide Suspension Srl, MAGENWIRTH Technologies GmbH, Manitou BF SA, Mountain Racing Products, Orange Mountain Bikes Ltd., Roth Distributing Co. Inc., Specialized Bicycle Components Inc., SR Suntour Inc., SRAM LLC, Tenneco Inc., and X Fusion Shox. Also, the bicycle suspension system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.