Global Two-Wheeler Brake Pads Market 2019-2023 | Development of Green Brake Pads to Boost Growth | Technavio

Technavio has announced its latest market research report titled global two-wheeler brake pads market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global two-wheeler brake pads market is expected to post a CAGR of around 9% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The growing demand for safety among consumers is compelling manufacturers to integrate advanced technologies into two-wheelers. This has significantly increased the adoption of disc brakes in motorcycles. Leading motorcycle manufacturers such as Hero, Bajaj, Harley Davidson, and Ducati are offering exclusive disc brake systems for both front and rear wheels. Moreover, the compactness offered by disc brakes has further increased their adoption in two-wheelers. With the growing adoption of disc brakes, the demand for two-wheeler brake pads will increase during the forecast period.

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As per Technavio, the development of green brake pads will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Two-Wheeler Brake Pads Market: Development of Green Brake Pads

Factors such as growing environmental concerns and stringent emission norms have compelled OEMs to focus on the development of green brake pads. These brake pads are made of natural fibers such as hemp and are both cost-effective and lightweight. Consistent R&D efforts in terms of product innovation and manufacturing processes coupled with growing awareness regarding global warming are expected to increase the adoption of green brake pads during the forecast period.

“Apart from the development of green brake pads, R&D activities leading to the development of advanced solutions for braking system and increasing preference for electric two-wheelers and regenerative braking system are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Two-Wheeler Brake Pads Market: Segmentation Analysis

This market report segments the global two-wheeler brake pads market by type (motorcycle and scooter) and geography (APAC, Europe, MEA, North America, and South America).

The APAC region led the market in 2018, followed by North America, South America, Europe, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the presence of well established global manufacturers in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/

Release Summary

The global two-wheeler brake pads market is expected to post a CAGR of around 9% during the period 2019-2023, according to the Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/