Front forks are the suspension system which are imparted to any motorcycle to prevent any impact weight on the front wheel of the vehicle after the application of brakes. It also dampens the shocks and bumps when the driving is required on the rough and patchy roads. The front forks are also vital part of the bike due to its efficacy in maintaining the structural stability and running of the motorcycle.
With the increased use of motorcycles for recreational purposes, and trend of using off road bikes which can be used across different terrain conditions also likely to fuel the front forks market growth. This off road vehicles need better front forks suspension to effectively dampen the bumps and make driving comfortable on uneven terrains.
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Front forks Market: Dynamics
Front forks market is projected to show a promising picture over the course of time with increased sales of the two wheelers across the globe. Front forks are also said to gain traction on the back of uneven terrain conations across the globe. The customer predilection for the comfort while driving and to have ride with minimal hiccups is also the driving factor for the increment in the sales of the front forks. The traffic congestion in the developing countries and underdeveloped roads are further providing a boost for the sales of automotive motorcycles which is directly affecting the market of front forks. Also the hike in fuel prices increased the proclivity of consumers towards the use of motorcycles in order to have an economic ride and will effectively reduce the fuel consumption. Thus comfort while driving, volatility in fuel prices, and traffic congestion due to intense use of motorbikes are the prime factors which are anticipated to propel the market in forthcoming years. Customer awareness for the timely repair and maintenance of their vehicles has also surged nowadays. With increased number of service stations and intense use of vehicles which has caused early wear and tear of parts will also accelerate the market.
The market of front forks though have certain restrain which can resist the potential growth of the market such as the development of advance integral suspension system for the vehicles can threaten the market for front forks. Many companies are trying to develop an electronic suspension system which is capable of replacing the current system. This scenario can catapult the market and will effectively reduce the market for front forks.
But, according to the current scenario heavy use of off road vehicles is anticipated to develop front forks market. The use of this motorbikes as a dirt bikes for recreational racings is expected to drive the growth for front forks in the upcoming years.
Front forks Market: Market Participants
The key Market players in the front forks market identified are,
- KYB Corporation
- ANAND Group
- Endurance Technologies Limited
- SHOWA CORPORATION
- Dah Ken Industry Co., Ltd.
- Öhlins Racing
- SKF
- Marzocchi Moto
- MAHLE GmbH
- TFX Suspension Technology
- Tenneco Automotive India Pvt Ltd
- Airotek Suspension Technologies Pvt.Ltd.
On the basis of vehicle type, front forks market can be classified as:
- Motorcycles
- Cruiser
- Sports
- Scooter
- Mopeds
- Others
- Three wheelers
On the basis of product type, front forks can be classified as:
- Telescopic front forks
- Cantilever front forks
- Inverted cantilever front forks
On the basis of Sales Channel, front forks market can be classified as:
- OEM
- Aftermarket
- Online
- Offline
On the basis of operation type, front forks market can be classified as:
- Twin tube front forks
- Mono tube front forks
Report Highlights:
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments for Front forks Market
- Competitive landscape for yorker spouts market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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