Market Research Report

Global Two-wheeler Brake Components Market Research Report: Forecast (2023-2028)

By Vehicle (Motorcycle, Moped/Scooter), By Sales Channel (OEM, Replacement), By Product Type (Brake Calliper, Brake Shoe, Brake Pad), By Type of Brakes (Drum, Disc), By Region (Nor...th America, South America, Europe, Middle East, Africa, Asia-Pacific), By Company (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., Rane Holdings Limited) Read more

  • Automotive
  • Feb 2023
  • 230
  • AT22005

Market Definition

Two Wheeler Brake Components is a brake system that works by transferring movement and force at the lever through incompressible liquid to deescalate and stop the vehicle when needed while driving. It works by converting the kinetic energy of the moving vehicle into thermal energy, which is used to stop the machine.

Market Insights & Analysis: Global Two-wheeler Brake Components Market (2023-28)

The Global Two-wheeler Brake Components Market is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. The market growth is attributed to the rising penetration of electronic components in the Two-wheeler Market, with government regulations mandating advanced emergency brake systems & surging sales of two-wheelers in emerging countries. Additionally, the expansion of the automobile industry with the integration of EVs in two-wheelers raising further sales, promises more expansion opportunities for the industry.

Moreover, the increasing sales of two-wheelers for convenience and affordability, with rising disposable income and the ability to travel through thinner commute routes, would bolster the market growth. Furthermore, the rising awareness of safety features and government regulation regarding the compulsory implementation of proper advanced brake systems propels industrial acceleration.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 8.0%
Regions Covered North America: The US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, Indonesia, Vietnam, Thailand, Philippines
South America: Brazil, Argentina, Colombia
Middle East & Africa: The UAE, Saudi Arabia, South Africa, Iran, Egypt, Morocco
Key Companies Profiled 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., Rane Holdings Limited
Unit Denominations USD Million/Billion

 

However, replacing brake pads due to friction caused by heavy braking and heat generation could hinder the market growth. On the contrary, the lower manufacturing prices of drum-type breaks, with their longer life span and smaller-sized disc brakes with larger braking power, are collectively expected to accelerate industrial expansion.

Market Dynamics

Key Driver: Increasing Affordability of Two-Wheelers in Emerging Economies

The need for transportation is rising with rapid urbanization and the construction of new infrastructures specifically in emerging countries. Countries like India, Indonesia, and China, are likely to continue to contribute heavily to the consumption and adoption of two-wheelers. High preference for two-wheelers, owing to their affordable low price, for middle-class consumers has been fueling the industry expansion and is likely to continue in the same trend.


Global Two-wheeler Brake Components Market Research Report: Forecast (2023-2028)

Possible Restraint: Extensive Presence of Shadow Market Leading to Counterfeiting of Original Products

Despite all the factors aiding in market development, certain aspects, such as the availability of counterfeit products, still remain a challenge for the market players. The expensive and premium automakers fall short of sales, especially those of replacement, as these automotive components are available in the unauthorized market at a much cheaper rate. Although they are first or second copies, most users find it economical, resulting in maximized sales for counterfeited replacement components and consequently discouraging the usage of the original products to some extent.

Growth Opportunity: Government Regulations Mandating the Advanced Emergency Brake Systems

In order to regulate and reduce the rising number of vehicle crashes, many countries have mandated regulations for compulsory installations and applications of advanced emergency brake systems for light vehicles, including two-wheelers. As emergency brakes avoid a collision and reduce the intensity of the collision or accident by enhancing the brake force while being efficient in both urban and highways, it is bound to produce further opportunities for market players. Moreover, with more advancements and research in further safety features, including brakes, consumers are bound to adopt them to secure their vehicles and their safety, fueling the market expansion.

Key Trend: The Rising Penetration of Electronic Components in the Two-Wheelers

With the increasing penetration of electric and autonomous vehicles, the integration of electronic components in two-wheeler has also gained traction and is further driving the market. Additionally, the advent of wheel speed sensors has further led to the development and incorporation of ABS in two-wheelers. Besides, the rising use of automotive electronics in modern vehicles requires adopting automotive brake-by-wire systems to control vehicle body electronics. Thus, the increasing penetration of technology is accelerating the installment of electronic components and dependence of vehicles on new developments and technology, which is expected to drive the market lucratively.

Market Segmentation

Based on Type of Brake,

  • Disc
  • Drum

Among the two, Drum Brakes account for the highest market share and are expected to dominate in the forecast period. The segment’s growth is attributed to the cheaper manufacturing cost and the longer life of drum brakes compared to disc brakes. Again, it is easier to recondition the wheel cylinder than to refurbish calipers on a disc brake, collectively adding further value to Drum brakes.

On the other hand, Disc brake is also expected to grow significantly due to increasing consumer preference. They are small-sized, offer enormous braking power, and can stop high-speed vehicles better than a drum brake. Additionally, as the disc brakes possess better heat dissipation, protect against overheating, and do not fall or rust, the segment is expected to grow and significantly strengthen the industry.

Based on Vehicle,

  • Motorcycle
  • Moped/Scooter

Among the two types of two-wheelers, Moped/Scooters are projected to garner major growth during the forecast period, as mopeds are rising in countries such as Japan, South Korea, and India. Besides, a moped's extra storage spaces further garner consumer attention as it can be efficiently utilized as a delivery vehicle. Additionally, since riding a scooter/moped is less complicated than a motorcycle for unskilled or new drivers, the adoption of the scooter is expected to surge further, as it can be ridden or driven easily and is easy to maintain.

Furthermore, with the rise of women working outside, and commuting, the utilization of mopeds/scooters is expected to surge further as it allows the consumer to sit comfortably with a variety of outfits, while motorcycle does not provide such comfort. Therefore, the new product launches and the popularity of mopeds among consumers are anticipated to extend the market expansion.

Regional Projection

Geographically, the Global Two Wheeler Brake Components Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Globally, the Asia-Pacific region dominated the Two Wheeler Brake Components Market during the historical period and is expected to flourish further in the same trend during the forecast years. It owes principally to the rising demand for two-wheelers in countries like China, India, and the Philippines due to significantly smaller commutation routes coupled with the affordability of two-wheeler vehicles among the significant middle-class population. Besides, the availability of a large consumer base, high preference for two-wheelers, motorcycles, or mopeds as a mode of transportation, and rising disposable income has further strengthened the industrial growth in the region.

As safety is the primary concern, consumers' demand for advanced and safe brake components has been increasing. Besides, the rising numbers of road accidents have further encouraged the incorporation of safety features and emergency brakes in vehicles, fueling the market. In addition, the competition between the regional market players and manufacturers to launch and release new products among the consumers, with added features and advancement, is expected to accelerate the industrial expansion further.

Recent Developments in the Market

  • In September 2022, Akebono adds to product range including ProACT brake pads for several vehicles.

Do You Require Further Assistance?

  1. The sample report seeks to acquaint you with the layout and the overall research content.
  2. The deliberate utilization of the report may further streamline operations while maximizing your revenue.
  3. To gain an unmatched competitive advantage in your industry, you can customize the report by adding more segments and specific countries suiting your needs.
  4. For a better understanding of the contemporary market scenario, feel free to connect to our knowledgeable analysts.

Frequently Asked Questions

   A. The Two Wheeler Brake Components Market is projected to grow at a CAGR of around 8.0% during 2023-28.

   A. The rising penetration of electronic components in the two-wheeler market is expected to drive the two wheeler brake components market during 2023-28.

   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 the top players in the Two Wheeler Brake Components Market.

   A. Drum Brake is anticipated to emerge as an area of remunerative opportunities for the leading players in the two wheeler brake components market during the forecast period.

   A. Globally, Asia-Pacific would provide lucrative prospects for the two wheeler brake components market in the years ahead.

   A. Affordability of two-wheelers in emerging economies is the key trends shaping the growth of the two wheelers brake components during 2023-28.

   A. Government regulations mandating the advanced emergency brake system driving the two wheeler brake components market through 2028.

   A. Extensive presence of shadow market leading to counterfeiting of original products is the possible restraints affecting the growth of the two wheeler brake components market during 2023-28.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Global Two Wheeler Brake Components Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Share & Analysis
      1. By Vehicle
        1. Motorcycle
        2. Moped/Scooter
      2. By Sales Channel
        1. OEM
        2. Replacement
      3. By Product Type
        1. Brake Calliper
        2. Brake Shoe
        3. Brake Pad
      4. By Type of Brakes
        1. Drum
        2. Disc
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East
        5. Africa
        6. Asia-Pacific
      6. By Company
  5. North America Two Wheeler Brake Components Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units sold
    2. Market Share & Analysis
      1. By Vehicle
      2. By Sales Channel
      3. By Product Type
      4. By Type of Brakes
      5. By Country
    3. United States Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
        3. By Product Type
    4. Canada Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
        3. By Product Type
    5. Mexico Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
        3. By Product Type
  6. South America Two Wheeler Brake Components Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units sold
    2. Market Share & Analysis
      1. By Vehicle
      2. By Sales Channel
      3. By Product Type
      4. By Type of Brakes
      5. By Country
    3. Brazil Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
        3. By Product Type
    4. Argentina Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
        3. By Product Type
    5. Colombia Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
        3. By Product Type
  7. Europe Two Wheeler Brake Components Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units sold
    2. Market Share & Analysis
      1. By Vehicle
      2. By Sales Channel
      3. By Product Type
      4. By Type of Brakes
      5. By Country
    3. Germany Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    4. Italy Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    5. France Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    6. Spain Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    7. United Kingdom Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
  8. Middle East Two Wheeler Brake Components Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units sold
    2. Market Share & Analysis
      1. By Vehicle
      2. By Sales Channel
      3. By Product Type
      4. By Type of Brakes
      5. By Country
    3. UAE Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    4. Saudi Arabia Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    5. Iran Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
  9. Africa Two Wheeler Brake Components Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units sold
    2. Market Share & Analysis
      1. By Vehicle
      2. By Sales Channel
      3. By Product Type
      4. By Type of Brakes
      5. By Country
    3. South Africa Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    4. Morocco Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
  10. Asia-Pacific Two Wheeler Brake Components Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
      2. Units sold
    2. Market Share & Analysis
      1. By Vehicle
      2. By Sales Channel
      3. By Product Type
      4. By Type of Brakes
      5. By Country
    3. China Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    4. India Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    5. Japan Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    6. Indonesia Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    7. Thailand Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    8. Philippines Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
    9. Vietnam Two Wheeler Brake Components Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units sold
      2. Market Share & Analysis
        1. By Vehicle
        2. By Sales Channel
  11. Global Two Wheeler Brake Components Market Policies, Regulations, Product Standards
  12. Global Two Wheeler Brake Components Market Trends & Insights
  13. Global Two Wheeler Brake Components Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  14. Global Two Wheeler Brake Components Market Hotspot & Opportunities
  15. Global Two Wheeler Brake Components Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target End Users
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Bosch Limited
      2. Nissin Kogyo Co., Ltd
      3. AC Delco
      4. Brake Parts Ltd.
      5. Endurance Technologies Limited
      6. Akebono Brake Industry Co., Ltd.
      7. Brakes India Limited
      8. Continental AG
      9. Sundaram Brake Lining Ltd.
      10. Rane Holdings Limited
  17. Disclaimer


Two Wheeler Brake Components Market - Segmentation Slide