Global Motorcycle Anti-lock Braking Systems Market 2017-2021
About Motorcycle Anti-lock Braking Systems
Motorcycle ABS is a device which prevents the wheels of a motorcycle from locking when a driver applies brake suddenly. This results in maintaining stability after hard braking and reduces stopping distance. Hence, this device increases the safety quotient of the rider. ABS is widely considered to be the preferred device for motorcycle riders as it provides efficient braking and stability during emergency situations. Safety from the consequences of emergency braking offered by ABS when used in a motorcycle and add-on features of its advanced versions make two-wheelers more viable for touring purposes
Technavio’s analysts forecast the global motorcycle anti-lock braking systems market to grow at a CAGR of 36.22% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle anti-lock braking systems market for 2017-2021. To calculate the market size, the report considers the sales revenue generated from the motorcycle ABS market across the geographies.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motorcycle Anti-lock Braking Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global motorcycle anti-lock braking systems market: Bosch, Continental, ZF TRW, BWI Group, and Honda Motor Group
Other Prominent Vendors in the market are: Aisin Seiki, Brakes India, Hitachi Automotive System, NXP, and Johnson Electric.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Lightweighting of ABS. In 2015, Bosch launched its ABS 10 at the Milan Motorcycle Show also known as EICMA (Esposizione Internazionale Ciclo Motociclo e Accessori) 2015. Kawasaki Versys-X 300 ABS has been launched worldwide as the world’s first production model to be fitted with lightweight ABS 10 developed by Bosch. Moreover, the Suzuki GSX-S125 ABS 2018 model will also have the lightweight ABS 10. ABS 10 is estimated to be approximately 30% lighter and 45% smaller in size than ABS 9. Also, compared to its predecessor, it has high-level standard features and functions.”
According to the report, one of the major drivers for this market is The dual safety benefit of reduction in stopping distance and skidding during sudden braking. Motorcycles are the most vulnerable mode of transportation when compared to other vehicles, such as passenger cars, trucks, or buses. They have less stability and low visibility than other road users. Quite often, motorcycles are built with high performance engines, which further increases the vehicle's instability by resulting in volatile weight-to-torque ratio. These factors make motorcycles one of the most vulnerable machines on the road.
Further, the report states that one of the major factors hindering the growth of this market is Heavy penetration of low-cost bikes in India, China, and the UK. India and China make up for roughly 75% of the global motorcycle market and are completely reigned by commuter class bikes. APAC is dominated by entry-level motorcycles having engine size below 400cc. The Chinese and Indian two-wheeler markets are concentrating on producing motorcycles for economic and quick commutes. With the increasing purchasing power of the middle class, the number of vehicles on roads is increasing. Hence, most two-wheeler sales happen in the budget category.
Bosch, Continental, ZF TRW, BWI Group, Honda Motor Group, Aisin Seiki, Brakes India, Hitachi Automotive System, NXP, and Johnson Electric.
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