Two-wheeler Braking System Market Size to Grow by USD 874.82 Million, Rising Electronic Content in Two-wheelers to Boost Market Growth

NEW YORK, Nov. 16, 2022 /PRNewswire/ — The “Two-wheeler Braking System Market by Application (Motorcycle and Scooters) and Geography (APAC, North America, Europe, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the two-wheeler braking system market size between 2021 and 2026 is USD 874.82 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report.

Key Market Dynamics

• Market Driver: The rising electronic content in two-wheelers is driving the market growth. The growing acceptance of electronic content in two-wheelers leading to the rapid electrification of mechanical components. The advent of wheel speed sensors has led to the development and incorporation of ABS in two-wheelers. The rising use of automotive electronics in modern vehicles requires the adoption of automotive brake-by-wire systems to control body electronics in vehicles. The growing penetration of electronics and the rising dependence of vehicles on such electronics are making automotive brake-by-wire systems mainstream in vehicles.

• Market Challenge: The design complications arising from the sophisticated braking systems will challenge the market during the forecast period. With the increasing application of ABS, the complexity of the control unit is rising. This increases repair costs significantly. Brake pads and brake linings are made from blends of nearly 10 to 20 types of materials. Hence, the blending process is highly complicated. Vendors need to choose high-performance and high-quality friction materials and adopt refined manufacturing processes to maintain the quality of friction materials. This increases the dependency of vendors on friction material suppliers, which will impede the global two-wheeler braking system market growth during the forecast period.

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Market Segmentation

The motorcycle segment will be a significant contributor to market growth during the forecast period. The adoption of commuter motorcycles is high in emerging economies such as India. Developed economies such as the US are the biggest adopters of heavyweight motorcycles. Economical pricing leads to the adoption of commuter motorcycles. The high presence of the middle-income population in emerging economies is increasing the demand for commuter motorcycles.

APAC will be the leading region with 68% of the market’s growth during the forecast period. India, China, Indonesia, Vietnam, and Malaysia are the key countries for the two-wheeler braking system market in APAC.

Find additional insights into the contribution of all the segments and regional opportunities in the report. Buy Now for detailed segment information

Some Companies Mentioned

• Aisin Corp.

• Allied Nippon Pvt. Ltd.

• ASK Automotive Pvt. Ltd.

• Bayerische Motoren Werke AG

• Beijing Shougang Co. Ltd.

• Brembo SpA

• Continental AG

• Endurance Technologies Ltd.

• Hitachi Ltd.

• Honda Motor Co. Ltd.

• Masu Brake Pads Pvt. Ltd.

• MK Group

• NXP Semiconductors NV

• Robert Bosch GmbH

• ZF Friedrichshafen AG

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Key Topics Covered

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

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