Two-wheeler Brake Components Market Projected to Expand at XX% CAGR Through 2028

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.

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Strategic Takeaways from the Report:

• Market Sizing and Forecasting
• Regulatory and Policy Influence
• Competitive Trends and M&A Activity
• Innovation Drivers and Disruptive Technologies
• Investment Hotspots and Emerging Niches
• Geographical Dynamics and Trade Flows

Two-wheeler Brake Components Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By 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.

By Sales Channel

• OEM
• Replacement

By Product Type

• Brake Calliper
• Brake Shoe
• Brake Pad

By Type of Brakes

• Drum
• Disc

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.

By Region

• 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.

These divisions help clarify demand patterns and expected shifts.

Market 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.

Two-wheeler Brake Components Market Competitive Snapshot from 2023-2028

The report highlights established and emerging players in the global Two-wheeler Brake Components Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

• 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.

Their activities include partnerships, product launches, and geographic expansions.

Two-wheeler Brake Components Industry Trends

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.

Frequently Asked Questions (FAQs):

• What industries are most impacted by this market?
• How is technology reshaping operations and offerings?
• Which competitors dominate the landscape?
• What risks could disrupt market expansion?
• How should businesses respond to demand fluctuations?

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