Global Two-wheeler Brake Pads Market 2019-2023

The global two-wheeler brake pads market size will grow by USD 892.53 million during 2019-2023. This market report provides a detailed analysis of the market by two-wheeler type (motorcycle and scooter) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including EBC Brakes, Lyndall Racing Brakes LLC, Nisshinbo Holdings Inc., Scandinavian Brake Systems AS, and Tenneco Inc.

Some of the key findings from our two-wheeler brake pads market forecast report are summarized below

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Global Two-Wheeler Brake Pads Industry Overview

Conventional brake pads made from aramid fibers contain a large amount of particulate matter, which has an adverse impact on the environment. Stringent emission norms and rising awareness about pollution levels among consumers have driven OEMs to develop eco-friendly green brake pads made from natural fibers such as hemp. These brake pads are low cost, lightweight, and pollution-free. Also, they have the same performance characteristics as that of sintered metal brake pads and other brake pads. These benefits will boost the popularity of green brake pads and encourage leading market vendors to offer green brake pads for two-wheelers, commercial vehicles, and passenger cars. The rising awareness about global warming, technical innovations, and stringent regulations will further boost the demand for green brake pads. Hence, the development of green brake pads has been identified as one of the critical two wheeler brake pads market trends, which will have a positive impact on its growth over the forecast period.

The number of on-road fatal injuries associated with two-wheelers is increasing. This has driven two-wheeler manufacturers and regulatory bodies to focus on enhancing the safety of two-wheelers. Two-wheeler manufacturers are integrating advanced technologies, including disc brakes to cater to the growing demand for safety from consumers. Disc brakes are highly responsive, require less force, and have a lesser stopping distance than drum brakes. As a result, disc brakes provide better safety and control over two wheelers. The compactness of disc brakes is further boosting its adoption in two-wheelers. The increased adoption of disc brakes will fuel the demand for two-wheeler brake pads, which will drive the two wheeler brake pads market growth at a CAGR of about 9% during the forecast period.

Top Two-Wheeler Brake Pads Companies Covered in this Market Research Report

The global two-wheeler brake pads market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. The two-wheeler brake pads market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies in creating strategies to make the most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading two-wheeler brake pads manufacturers, including:

• EBC Brakes
• Lyndall Racing Brakes LLC
• Nisshinbo Holdings Inc.
• Scandinavian Brake Systems AS
• Tenneco Inc.

Two-Wheeler Brake Pads Market Segmentation Based on Two-Wheeler Type

• Motorcycle
• Scooter

The motorcycle segment will account for the highest two-wheeler brake pads market share. The increasing adoption of high-power and high-speed motorcycles will fuel the demand for two-wheeler brake pads in motorcycles. This report provides an accurate prediction of the contribution of all the segments to the growth of the two-wheeler brake pads market size.

Two-Wheeler Brake Pads Market Segmentation Based on Geographic Region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for the companies, it has been identified that APAC will account for the highest share of the two-wheeler brake pads market throughout the forecast period. Factors such as the growing preference for two-wheelers to avoid traffic congestions, increasing demand for high-speed bikes and e-scooters, and expansions by leading brake component suppliers are expected to drive the two-wheeler brake pads market growth in APAC.

Key Highlights of the Global Two-Wheeler Brake Pads Market for the Forecast Years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the two-wheeler brake pads market during the next five years
• Precise estimation of the global two wheeler brake pads market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the two-wheeler brake pads industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of two-wheeler brake pads companies

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