Global Two-wheeler Anti-braking System (ABS) Market 2017-2021

Overview of the global two-wheeler anti-braking system (ABS) market

Technavio’s market research report predicts that the global two-wheeler anti-braking system (ABS) market steadily during the next four years and in terms of units, will post an impressive CAGR of nearly 60% by 2021.s The introduction of legislations for the installation of ABS systems in countries such as India will be one of the primary drivers for market growth. The Automotive Research Association of India under the Ministry of Heavy Industries and Public Enterprises made it compulsory for all the two-wheelers above 125cc to be equipped with ABS as a standard feature in 2016. Also, the Ministry of Road Transport made an announcement for all the new models of motorcycles with an engine capacity above 125cc to have ABS systems from April 2017 and existing models need to be equipped with ABS by 2018.  With such mandatory regulations, the Indian government is trying to reduce the number of two-wheeler accidents in India. ABS helps avoid the wheels of the vehicle from locking and prevent skidding during hard or sudden braking. Though the ABS technology for two-wheelers is expensive and the extra fitment in two-wheelers will result in increasing the cost of bikes, the focus of the government towards the stability of the vehicle, will augment the market’s growth prospects.

One of the major trends that will gain traction in global two-wheeler ABS market in the coming years is the reduction in weight of ABS systems. One of the key vendors Bosch, recently announced its Bosch motorcycle ABS 10 at EICMA 2015. ABS 10 is approximately 30% lighter and 45% smaller in size than ABS 9 and has high-level standard features and functions compared to its older systems. The system weighs only about 0.7 kg, has a cost-effective design, and is half the size and weight of the previously designed ABS by Bosch for motorcycles. Kawasaki has already launched its Versys-X 300 that is equipped with the lightweight ABS 10 developed by Bosch.

Competitive analysis and key vendors

The global two-wheeler ABS market consists of few manufacturers and is characterized by rapid technological innovations. The investment in the market toward developing innovative design based on size and weight is expected to continue during the forecast period. The entry of new vendors will intensify the level of competition among the existing players in the market.

Key vendors in the market are:

• Bosch
• BWI
• Continental
• Honda Motor
• ZF TRW

Other prominent vendors include Aisin Seiki, Brakes India, Haldex, Hitachi Automotive System, and Mando.

Segmentation by application and analysis of the two-wheeler ABS market

• Mid-size
• Entry-level
• Full-size

During 2016, the entry-level application segment dominated the two-wheeler ABS market and is expected to continue its dominance over the next four years. The increasing sales of entry-level low-powered two-wheelers in emerging countries such as India and China will be the main contributor to the growth of the segment.

Geographical segmentation and analysis of the two-wheeler ABS market

• Americas
• APAC
• Europe

In terms of geography, Europe accounted for the majority of the shares of the global two-wheeler ABS market during 2016. However, owing to the growing penetration of ABS in motorcycles with an engine capacity of over 125cc, APAC will be the major revenue contributor to the market by the end of the forecast period.

 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 two-wheeler ABS market?
• What are the key market trends impacting the growth of the global two-wheeler ABS market?
• What are the challenges to market growth?
• Who are the key vendors in the global two-wheeler ABS market?
• What are the market opportunities and threats faced by the vendors in the global two-wheeler ABS 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 two-wheeler ABS market?

Technavio also offers customization on reports based on specific client requirement.

The primary objective of ABS is to stop the vehicle without locking the wheels. ABS offers the braking force in pulses and allows the vehicle to come to a gradual halt, reducing the possibility of skidding, and reduces the braking distance.  With an increasing number of automotive manufacturers adopting ABS, this upcoming industry research report from Technavio on the two-wheeler anti-braking system (ABS) market for the forecast period of 2017 to 2021 will help businesses develop sustainable growth strategies. Additionally, by studying the current market scenario for multiple automotive sectors like automotive components, automotive electronics, and automotive manufacturing, our market research analysts have identified factors that will play an important role in the growth of both regional and global players.

By considering an extensive research approach of quantitative and qualitative data methods and covering various factors including the rising demand for a diverse array of products across geographical regions, research analysts at Technavio diagnose the growth prospects of automotive sectors such as automotive services and automotive accessories, which will help clients deliver effective and impactful business strategies. According to our research analysts, the exponentially rising sale of ultra-luxury motorcycles is one of the key elements contributing to the growth of this market across the globe.  This impending research report on the two-wheeler ABS market also considers the growth of the similar markets such as off-road high-performance vehicle and two-wheeler catalytic converter market in the automotive sector, which are predicted to steadily grow at a CAGR of around 6% and 45%, respectively and during the period of 2016 to 2020.

The upcoming report for the two-wheeler ABS market also identifies the prominent drivers, upcoming trends, along with the impending challenges currently experienced by the automotive component sector. In order to offer a holistic view of the future direction of the automotive industry, this market research report offers insights into the dynamically changing competitive landscape along with the products and services offered by key vendors and their presence across various geographical regions.