Two Wheeler Brake Component Market to Grow at over 9% CAGR till 2024

Ageing two wheeler fleet, increasing government regulations, and growing production and sales of two-wheelers to drive global two wheeler brake component market through 2024

According to TechSci Research report, “Global Two Wheeler Brake Component Market by Product Type, By Vehicle Type, By Sales Channel, By Region, Competition, Forecast & Opportunities, 2014-2024”, global two-wheeler brake component market is projected to grow at a CAGR of over 9% during 2019-2024, owing to increasing demand for two wheelers, especially in emerging markets. Moreover, growing demand for higher capacity two wheelers, backed by increasing focus on rider’s safety is further propelling growth of global two wheeler brake component market. Moreover, emergence of latest technologies, such as anti-lock braking systems (ABS), Combined braking system (CBS) is compelling component manufacturers to develop braking system compatible products in a bid to remain in alignment with the current novelties in braking technology.

Browse 150 market data Figures spread through 110 Pages and an in-depth TOC on “Global Two Wheeler Brake Component Market”

https://www.techsciresearch.com/report/two-wheeler-brake-component-market/4083.html

Customers can also request for 10% free customization on this report.

Global two wheeler brake component market can be segmented based on vehicle type, product type and sales channel. Scooter/Moped is the dominant segment in global two wheeler brake component market, owing to their high production and sales volume, especially in developing nations such as China, India, Indonesia, etc. In terms of product type, the market can be segmented into brake caliper, brake shoe, and brake pad. Increasing use of disc brakes in front and rear braking applications of motorcycles is driving the brake pad and brake caliper segments. Among component, replacement accounts for the major share in global two wheeler brake component market and is expected to maintain its dominating position during forecast period as well.  

Brembo S.p.A., Akebono Brake Industry Co., Ltd, Nissin Kogyo Co., Ltd., Bosch Limited, AC Delco, etc., are the leading players operating in global two wheeler brake component market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their market penetration. With increasing stringency in safety norms every year, two-wheeler manufacturers are focusing on two wheeler with braking aids, such as Anti-Lock Braking System (ABS) And Combi Brake Component (CBS).

“Asia-Pacific accounts for the majority share in global two wheeler brake component market on account of increasing sales of higher capacity motorcycles in emerging markets such as India and China. Moreover, government initiatives for two wheeler production in economies such as India, which is the largest two wheeler market, are further boosting the growth of two-wheeler brake component market in Asia-Pacific.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Two Wheeler Brake Component Market by Product Type, By Vehicle Type, By Sales Channel, By Region, Competition, Forecast & Opportunities, 2014-2024” has evaluated the future growth potential of two wheeler brake component market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global two-wheeler brake component market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]