Global Motorcycle Braking System Market 2017-2021
About Motorcycle Braking System
Brake is a mechanical device that stops a moving system. It works based on the first law of thermodynamics. Braking system plays a prime role in motorcycles in terms of safety, and each motorcycle has a braking system each in front and rear wheel. The market for braking systems has evolved significantly in the past decades. Motorcycle braking system is categorized into two types: disc brake and drum brake. The motorcycle braking system market has been segmented based on the type of motorcycles such as commuter, mid-weight, and heavy weight motorcycles.
Technavio’s analysts forecast the global motorcycle braking system market to grow at a CAGR of 5.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle braking system market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motorcycle Braking System Market 2017-2021
Technavio recognizes the following companies as the key players in the global motorcycle braking system market: Bosch, Continental, Brembo, and ZF Friedrichshafen.
Other Prominent Vendors in the market are: Brakes India, BWI Group, Delphi Automotive, and Galfer USA.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of automatic braking system. Automatic braking system combines sensors and brake controls to prevent high-speed collisions. It is designed to prevent collisions and reduce the speed of the motorcycle before it hits something. It works by relying on inputs from other sensors such as lasers and radars, which help in determining the obstacles in the path of the vehicle.”
According to the report, one driver in the market is safety benefits of ABS in motorcycles. Earlier, the primary factors that influenced customer buying behavior were price, fuel consumption, and reliability. But in the past few years, customers have started focusing more on safety and performance of vehicles. Stability of motorcycles is a major concern that threatens the safety of riders. Motorcycles often destabilize when the application of brakes is too hard, thus locking the front or the rear wheels. The sudden locking may cause the vehicle to overturn or slide. To prevent this, motorcycles are being equipped with ABS system to improve riders' safety.
Further, the report states that one challenge in the market is high costs associated with ABS systems for low-powered motorcycles. Though ABS system is considered as a safety measure in many vehicles, the cost incurred during its installation in low-powered motorcycles poses a major threat to its adoption. It also involves high maintenance costs. Also, the sensors used to avoid locking of wheels are very expensive and incur high replacement costs. Currently, many automobiles are integrated with these ABS systems, but its penetration is low in low-powered vehicles due to its expensive nature.
Bosch, Continental, Brembo, ZF Friedrichshafen, Brakes India, BWI Group, Delphi Automotive, and Galfer USA.
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