The global two-wheeler component market is dependent on two-wheeler sales. Owing to its high penetration rate in the emerging economies, the two-wheeler production has been rising. Growing need and inclination toward the production of vehicles worldwide is increasing the demand for the anti-lock braking system and combined braking system. Anti-lock braking system and combined braking system have been made mandatory by the governments in some of the countries in Asia-Pacific. The replacement demand for two-wheeler brake components accounted for the largest market share, followed by OEMs. The same trend is expected to prevail through 2025.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-19 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion & Thousand Units |
According to MarkNtel Advisors’ research report titled “Global Two-Wheeler Brake Components Market Analysis, 2020”, the Global Two-Wheeler Brake Components market is expected to grow by 8% CAGR during 2020-25. Asia-Pacific is the largest producer of two-wheeler vehicles that captured a considerable market share in 2019. Total domestic sales in India during 2019 was estimated around 21.18 million as compared to 20.20 million in 2018.
Due to the mandatory government regulations imposed in certain nations, the two-wheelers now have the updated models or newly launched two-wheelers bikes and scooter which have anti-lock brake systems (ABS) and combined brake systems (CBS) installed in them. For instance, by in 2019, Aprillia SR 150, Honda Activa 125, TVS Ntorq 125 had ABS and CBS deployed in them.
Emerging Economies of Growth in Two-Wheeler Brake Components Market
Growing traction has been observed in economies such as North America, South America, Europe, and the Middle East. Developing countries such as China, India, South Africa, and Indonesia are some of the manufacturers of the Two-Wheeler Brake Components market.
China and India produce the largest share of the two-wheeler brake components. The penetration of two-wheelers has been observed the most in the South-East Asia countries, including Indonesia, Thailand, Vietnam, Philippines, and India. Global electric bikes also are gaining popularity in emerging nations. China has the highest number of electric motorbikes two-wheelers and focuses on the adoption of e-vehicles till first-last mile connectivity.
Low-Quality Products are the Market Growth Hinderers
Low-cost manufacturers in South East Asia are increasingly flooding the market with substandard and duplicate products. This market is emerging as a major challenge for the established competitors such as Bosch Limited, Nissin Kogyo Co., Ltd, AC Delco, Brake Parts Ltd., Endurance Technologies Limited, Akebono Brake Industry Co., Ltd, and Brakes India Limited, among others.
According to MarkNtel Advisors’ research report, “Global Two-Wheeler Brake Components Market Analysis, 2020”, some of the major leading players of the Global Two-Wheeler market are Bosch Limited, Nissin Kogyo Co., Ltd, AC Delco, Brake Parts Ltd., Endurance Technologies Limited, Akebono Brake Industry Co., Ltd, Brakes India Limited, Continental AG, Sundaram Brake Lining Ltd., and Rane Holdings Limited.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Two Wheeler Brake Component Market during 2020-25?
A. The market size of Global Two Wheeler Brake Component Market during 2020-25 is forecast to be around 8%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Two Wheeler Brake ComponentsMarket?
A. Bosch Limited, Nissin Kogyo Co., Ltd, AC Delco, Brake Parts Ltd., Endurance Technologies Limited, Akebono Brake Industry Co., Ltd, Brakes India Limited, Continental AG, Sundaram Brake Lining Ltd., and Rane Holdings Limited are few of the leading players in the Global Two Wheeler Brake ComponentsMarket.
Q. Does the report scope cover Global Two Wheeler Brake Components type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Two Wheeler Brake Components type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which sales channel would emerge as an opportunity area for players in Global Two Wheeler Brake ComponentsMarket?
A. Replacement segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Two Wheeler Brake Components Market.
