Overview of the global motorcycle high performance braking system market
The recent years witnessed a considerable increase in the demand for high-performance motorcycles. The sales of sports bikes, cruisers, and tourers is rising in several countries in APAC and the region offer immense growth potential for players in this industry sector. According to Technavio's market research report, the increasing sales of premium and high-performance motorcycles will be one of the primary factors that will fuel the growth of the motorcycle high performance braking system market in the coming years. Owing to the improving socio-economic conditions and the growing preference of riders, the high-performance motorcycle industry is witnessing huge sales. It has been observed that Ducati witnessed the sale of about 55,000 motorcycles in 2016. Similarly, Triumph sold more than 16,000 units in North America and Harley Davidson sold more than 46,000 motorcycles. With the increasing sales of these high-performance motorcycles, the demand for high-performance brakes will subsequently increase, driving market growth. Our market research analysts estimate that in terms of units, this market will grow steadily at a CAGR close to 10% by 2021.
Carbon ceramics brake rotors are made up of light-weight composites unlike other conventional brake calipers. Owingn to the reduction in weight of the motorcycle and their ability to aid in achieving a high power-to-weight ratio, the demand for these brake pads will increase. Moreover, composite ceramic brake pads also have superior resistance to abarasive wear and tear. Such benefits will fuel the need for the integration of lightweight carbon ceramics brake pads, which according to our analysis, will be one of the key trends that will gain traction in the motorcycle high performance braking system market in the coming years.
Competitive landscape and key vendors
The motorcycle high performance braking system market is fragmented due to the presence of established players. The competitive environment in the market will intensify in the coming years owing to the increasing demand for sports and super sports motorcycles. Moreover, the growing popularity of aftermarket performance enhancing systems, will also intensify the level of competition among the players in this motorcycle brakes market.
The leading vendors in the market are-
- Brembo
- BERINGER SAS
- EBC Brakes
- Galfer USA
- StopTech
The other prominent vendors in the market are Baer Brakes, Hawk Performance, Rotora, SGL Group, and Wilwood Engineering.
Segmentation by key stakeholder and analysis of the motorcycle high performance braking system market
The emerging economies highly influence the growing demand for aftermarket high performance braking systems. Moreover, the motorcycle aftermarket is dynamic as several players across the world offer a unique product portfolio. According to our analysis, the aftermarket segment accounted for the major shares of the motorcycle high performance braking system market during 2016.
Segmentation by geography and analysis of the motorcycle high performance braking system market
This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the motorcycle high performance braking system market throughout the forecast period. The automotive market in Europe is one of the most technologically advanced with the presence of a well-developed road infrastructure. A number of established motorsports events are hosted in the Middle East. This, coupled with the rising popularity of these events drives the growth of this motorcycle brakes market in EMEA.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global motorcycle high performance braking system market?
- What are the key market trends impacting the growth of the global motorcycle high performance braking system market?
- What are the challenges to global motorcycle high performance braking system market growth?
- Who are the key vendors in the market?
- What are the market opportunities and threats faced by the vendors in the global motorcycle high performance braking system market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global motorcycle high performance braking system market?
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Our research reports for the automotive industry follow an in-depth research methodology and provide an analysis of fast-growing market sectors like automotive components. This upcoming industry research report on the global motorcycle high-performance braking system market offers insights deep into the major trends and evolving drivers influencing the growth of the automotive industry.
By considering the market share and size and increasing demand for various automotive components, the market research professionals at Technavio provide a holistic overview of the global motorcycle high-performance braking system market for the projected period of 2017 to 2021. Furthermore, our research procedures help clients develop effective growth strategies and keep up with the constantly evolving market landscape. This market study also offers a scalable analysis based on the interpretation of the information collected from numerous resources such as industry experts, channel partners, and market stakeholders.
This upcoming industry report on the global motorcycle high-performance braking system market considers the growth of the similar automotive components markets such as the disc brake, which is expected to grow at a CAGR of over 4% by 2021.
The forthcoming market research report for the global motorcycle high-performance braking system market also classifies the drivers, trends, along with the restraints that the automotive components segment currently experiences. It also offers insights into the altering competitive scenario to provide the clients with an accurate picture of the upcoming events within the automotive industry. Technavio also provides deep-dive market assessments into the sectors such as automotive manufacturing.
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