Scope of the Study
Over the past few years, huge developments have been undertaken in manufacturing bicycles. The bicycle suspension system is the system designed to offer the softens the ride on the arms making the ride more comfortable, it offers improved control, comfort, and traction on rooty, potholed roads. It is mostly used in mountain bicycles but now it is common on hybrid bicycles as well. There are two main types of suspension front suspension and rear suspension. Cycling is a famous leisure activity and, in many cases, a means of transportation. In 2016, around 12.4 percent of Americans cycled on a daily basis. The number of cyclists/bike riders in the U.S. has increased over the past three years from around 43 million to 47.5 million in 2017The advancement in technologies and innovations in the manufacturing of bicycle suspension system is booming the market demand
The market study is being classified by Type (Hardtail suspension and Full suspension), by Application (Mountain Bikes, Hybrid Bicycles, Sports and Commercial) and major geographies with country level break-up.
Fox Factory (United States), SRAM (United States), Dah Ken Industrial (RST Suspension), Hayes Performance Systems (United States), SR Suntour (Taiwan), Manitou (France), Ohlins (Sweden), X Fusion Shox (Australia), Magura (United States) and Marzocchi(Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are RockShox (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bicycle Suspension System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Bicycle Suspension System market by Type, Application and Region.
On the basis of geography, the market of Bicycle Suspension System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for the Mountain Bicycles
- Growing environmental concerns has led to growth in the number of cyclists around the world is key Driving factor
- Increasing Bicycle Riding Event
- Increase in disposable income, increase in purchasing power
- Fluctuating Price of Material
- Cycling is becoming a popular activity and recreational purpose or as a sport, these factors are creating opportunities for growth
- Continuous industrialization and the invention of new materials that are extremely light, but very strong, have transformed manufacturing and creating continuous growth
- Key Competition between Manufacturers
Key Target AudienceNew Entrants/Investors, Bicycle Suspension System Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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