Quadintel published a new report on the Front forks Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Front forks Market is valued approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
Front forks are part of structure of motorbike which connects front wheel with rest of frame of bike. Forks also features mounting for breaks and suspension systems. These forks are largely available in three types such as Telescopic front forks, Cantilever front forks, and Inverted cantilever front forks among others.
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Growing adoption of motorcycles and increasing application of front forks in different types of bikes like scooter, mopeds, and cruiser etc. are driving the growth of Front Forks Market. For instance, according to Statista – In 2020, the revenue of the global motorcycle industry was estimated at USD 117 billion is estimated to grow to around USD 160 billion by 2025. Moreover, rising partnership activities for development of E-bikes are driving the demand for front forks. For instance, in December 2021, Harley-Davidson entered into a partnership with Taiwanese manufacturer Kwang Yang Motor Co Ltd (KYMCO) to develop electric motorcycles. Under this partnership KYMCO agreed to invest USD 100 million into Harley-Davidson’s electric motorcycle division LiveWire, and AEA-Bridges Impact Corp (ABIC).
Also, growing traffic congestion in developing countries and increasing consumer inclination towards two wheelers are likely to offer lucrative growth opportunities for Front Forks Market in the forecasted period. However, Low penetration of high end two wheelers in emerging markets and volatile cost of raw materials impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Front Forks Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing penetration of electric bikes and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing trend of motorcycle tours, and presence of the leading market players in the region, would create lucrative growth prospects for the Front Forks Market across the Asia Pacific region.
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Major market players included in this report are:
Endurance Technologies Limited
Dah Ken Industry Co., Ltd.
Tfx Suspension Technology
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Telescopic front forks
Cantilever front forks
Inverted cantilever front forks
By Operation Type:
Twin tube front forks
Mono tube front forks
By Vehicle Type:
By Sales Channel:
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Front forks Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Table of Contents:
- Market Overview
- Market Definition and Scope
- Market Dynamics
- Market Industry Analysis
- Market, Regional Analysis
- Analysis of Leading Companies
- Competitive Intelligence
- Research Process
- Market Analysis and Forecast, By Product Types
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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