Global Two-wheeler Braking System Market 2019-2023

The global two-wheeler braking system market size will grow by USD 3.86 billion during 2019-2023. The industry research report provides a detailed analysis of the market based on application (motorcycles and scooters) and geography (APAC, Europe, Middle East and Africa, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several companies including AISIN SEIKI Co., Ltd., Brembo S.p.A., Continental AG, Honda Motor Co., Ltd., Robert Bosch GmbH, and ZF Friedrichshafen AG.

Below are some of the key findings from the two-wheeler braking system market analysis report

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Global two-wheeler braking system industry overview

There is broad adoption of low-powered two-wheelers with engine displacement below 250 ccs in emerging countries. These two-wheelers are the biggest adopters of drum brakes, which are cost-effective. Customers are increasingly focusing toward disc brakes that offer highly-effective braking capability.

Moreover, disc brakes are located on wheel exteriors and perforated for rapid heat dissipation, as a result, it cools down quickly compared to drum brakes. These factors make disc brakes more appealing for use in two-wheelers, encouraging its adoption among significant vendors. This will drive the global two-wheeler braking system market growth in the coming years.

Additionally, the development of high-performance carbon brake discs will also contribute to the growth of the market. Because of the use of new materials in manufacturing braking systems, modern brakes are lighter than the earlier braking systems that were heavy and occupied more space. The continuous evolution of disc brakes used in high-performance motorcycles has led to the shift in preference for steel floating discs and carbon discs. Carbon discs are popular as they are lightweight and perform nearly at par with steel discs in the rain. Companies such as Brembo are continually focusing on R&D and adopting production processes that will help expand the operating temperature range of carbon discs for usage in racing events. Such factors will fuel the adoption of carbon brake disc among end-users, subsequently driving two-wheeler braking system market growth at a CAGR of close to 7% during the forecast period.

Top companies covered in the two-wheeler braking system market report

The global two-wheeler braking system market is highly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, the industry analysis report will help clients design growth strategies to make the most of future growth opportunities.

The report offers a detailed analysis of several leading two-wheeler braking system companies, including:

• AISIN SEIKI Co., Ltd.
• Brembo S.p.A.
• Continental AG
• Honda Motor Co., Ltd.
• Robert Bosch GmbH
• ZF Friedrichshafen AG

Two-wheeler braking system market segmentation based on application

• Motorcycles
• Scooters

Motorcycles segment held the largest two-wheeler braking system market share in 2018. The rapid electrification of motorcycle mechanical components, which has led to the adoption of advanced braking systems is one of the factors driving market growth in the segment. The adoption of commuter motorcycles is higher in emerging economies and developed economies are the largest adopters of heavyweight motorcycles.

Two-wheeler braking system market segmentation based on region

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

APAC accounted for the largest two-wheeler braking system market share in 2018 because of the largest adoption of two-wheelers in India, China, and Indonesia. Though the market share of the region will decrease in the coming years, it will continue to dominate the market throughout the forecast period. Also, the rising population in emerging economies is supporting the growth of the market.

Key highlights of the global two-wheeler braking system 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 braking system market during the next five years
• Precise estimation of the global two-wheeler braking system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the 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 on factors that will challenge the growth of the companies

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