LONDON--(BUSINESS WIRE)--The global two-wheeler braking system market is expected to post a CAGR of close to 7% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The adoption of disc brakes in low-powered two-wheelers will be one of the major drivers in the global two-wheeler braking system market. Governments of most nations are making ABS mandatory, also for the low powered bikes, increasing the demand for disc brakes. Many major two-wheeler OEMs in emerging economies are also increasingly adopting disc brakes as standard fitments in their new generation models. Hence the increased adoption of disc brakes in low-capacity motorcycles will boost the global two-wheeler braking system market growth during the forecast period.
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As per Technavio, the development of high-performance carbon brake discs, 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 Braking System Market: Development of High-Performance Carbon Brake Discs
The development of high-performance carbon brake discs will be one of the critical trends in the global two-wheeler braking system market. Manufacturers of high-performance motorcycles are increasingly incorporating carbon brake discs as they are lighter and efficient. Moreover, carbon discs perform at par with steel discs in rainy weather conditions, especially in events like racing competition. For instance, Marc Marquez won the recent MotoGP titles using carbon discs in rainy conditions. These factors are expected to propel the global two-wheeler braking system market growth during the forecast period.
“Apart from the development of high-performance carbon brake discs, the increasing adoption of lightweight ABS and the rising electronic content in two-wheelers 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 Braking System Market: Segmentation Analysis
This market research report segments the global two-wheeler braking system market by application (motorcycles and scooters) and geographical regions (North America, Europe, APAC, South America, and MEA).
The APAC region led the market share in 2018, followed by South America, North 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 rising adoption of two-wheelers in India, China, and Indonesia.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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