Two-wheeler Braking System Market Size to grow by USD 944.79 million between 2024-2028
According to a research report “ Two-wheeler Braking System Market” by Product (Drum, Disc) Application (Motorcycle, Scooters) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 944.79 million, at a CAGR of 5.76% during the forecast period. In the two-wheelers industry, the prioritization of rider comfort, safety, and efficiency has fueled the integration of electronic components. This trend is significantly advancing the electrification of mechanical components, particularly in braking systems. Notable advancements include the adoption of CBS, ABS, and brake-by-wire systems. The introduction of wheel speed sensors has led to the development and implementation of ABS, which regulates braking pressure based on vehicle speed. Furthermore, the evolution of ABS has given rise to traction control systems, enhancing two-wheelers' stability and riding dynamics..
Browse market data tables, figures, and in-depth TOC on “Two-wheeler Braking System Market” by Product (Drum, Disc) Application (Motorcycle, Scooters) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Product, the Drum segment is projected to dominate the market size in 2024
In the two-wheeler braking system market, drum brakes represent a significant segment. These braking systems generate friction through shoes or pads pressing against a rotating drum, offering lower cost and simpler construction compared to disc brakes. The market growth is driven by the expanding demand for two-wheelers worldwide and heightened safety awareness, resulting in increased adoption of drum brakes during the forecast period.
By Application, Motorcycle segment is expected to hold the largest market size for the year 2024
In the two-wheeler industry, motorcycles, as two-wheeled motor vehicles, serve diverse functions including long-distance transportation, daily commuting, leisure cruising, competitive racing, and off-road activities. The motorcycle market is segmented into three categories: entry-level commuters (under 150 cc), mid-range luxury motorcycles (150-600 cc), and high-end heavyweight motorcycles (above 600 cc). Demand for these motorcycle segments fluctuates based on regional economics. Emerging economies, such as India, exhibit a significant demand for economically-priced commuter motorcycles due to their large middle-income populations. Conversely, developed economies, like the US, predominantly favor high-performance heavyweight motorcycles. The braking system market caters to the safety requirements of this diverse motorcycle landscape.
APAC is forecasted to hold the largest market size by region in 2024
The APAC region, specifically India, China, and Indonesia, leads the global two-wheeler braking system market, accounting for approximately 85% of the total adoption. This dominance is due to the substantial commuter two-wheeler segments in these countries, driven by cost-effectiveness. However, regulatory mandates are driving the shift towards advanced braking systems, such as ABS, even in vehicles under 125 cc. With growing customer awareness, Original Equipment Manufacturers (OEMs) are expected to adopt ABS in smaller cc vehicles during the forecast period.
The Two-wheeler Braking System Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Two-wheeler Braking System Market encompasses the production and distribution of braking components for passenger vehicles and motorcycles. Key electronic components, such as Copper wiring, play a crucial role in the functionality of modern brake systems, including Anti-lock Braking Systems (ABS). Price competitiveness is a significant factor in this market, with manufacturers striving to offer affordable solutions without compromising on essential features like Emissions control and Maneuverability. Fuel efficiency is also a priority, as rural and urban demographics increasingly turn to two-wheelers for transportation. Interest rates and loan availability influence the purchasing power of consumers, impacting the demand for two-wheeler braking systems. Safety remains a top concern, with safety standards continually evolving to ensure optimal Braking distance and Steerability for all road users, including motorcyclists. In the context of urbanization, the market for two-wheeler braking systems is expected to grow, driven by the increasing popularity of scooters and motorcycles as efficient and cost-effective transportation options. The integration of advanced electronics, such as ABS, further enhances the performance and safety of these vehicles.
Market Research Overview
The Two-wheeler Braking System Market encompasses various components, including Castrol oil, sensors, ABS system, brake shoes, brake fluid, and brake discs. Reliability is a key concern in this industry, with safety considerations surrounding brake friction products and maneuverability. Advanced braking systems, such as ABS braking systems and electronic components like wheel speed sensors, are essential for smooth riding performance on tourers, cruiser, sports, and high-performance bikes. Cost-efficiency and emission standards are crucial factors in the market. Organized suppliers and aftermarket players like Blubrake, Continental, and others offer low-maintenance cost alternatives. The market also caters to the needs of motorcyclists in urban and rural areas, addressing safety concerns through modern electronics like telematics systems and IoT. The market's profit margin is influenced by factors like price competitiveness, interest rates, and loans for personal four-wheelers and two-wheelers. Shared mobility and electric mobility are emerging trends, with subsidies for EV charging stations and electric vehicles driving growth. Material science advancements contribute to the cost-efficiency and performance of braking systems, while regulatory standards ensure rider safety and compliance with demographic and urbanization trends.
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