Global Two-wheeler Anti-braking System (ABS) Market 2017-2021
About Two-wheeler Anti-Braking System (ABS)
The objective of ABS is to stop the vehicle without locking the wheels. ABS offer the braking force in pulses and allows the vehicle to come to a gradual halt, reducing the possibility of skidding, and reduces the braking distance.
Technavio’s analysts forecast the global two-wheeler anti-braking system (ABS) market to grow at a CAGR of 59.75% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global two-wheeler anti-braking system (ABS) market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, volume, and aftermarket services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Two-wheeler Anti-Braking System (ABS) Market 2017-2021
Technavio recognizes the following companies as the key players in the global two-wheeler anti-braking system (ABS) market: Bosch, BWI, Continental, Honda Motor, and ZF TRW.
Other Prominent Vendors in the market are: Aisin Seiki, Brakes India, Haldex, Hitachi Automotive System, and Mando.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is light weighting of ABS. In 2015, Bosch launched its Bosch motorcycle ABS 10 at EICMA 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 2018 model of the Suzuki GSX-S125 ABS will also be equipped with lightweight ABS 10. ABS 10 is estimated to be approximately 30% lighter and 45% smaller in size than ABS 9. Also, it has high-level standard features and functions when compared to its predecessor.”
According to the report, one of the major drivers for this market is rise in sales from emerging markets for ultra-luxury motorcycles. Currently, the adoption of ABS is the highest in ultra-luxury motorcycles, owing to the high cost associated with the technology. This segment is expected to witness the maximum adoption of ABS, as the favorable environment is keeping the growth intact during the forecast period. Also, this segment is not price sensitive, so the adoption of advance ABS will be high in this segment compared with other segments.
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 60% of the global two-wheeler market, and they are completely dominated by commuter class bikes. Entry-level motorcycles having engine size below 400cc dominate APAC. The two-wheeler markets mainly in China and India are focusing on producing motorcycles for economical and fast travel. The number of vehicles on the roads is increasing with the increasing purchasing power of the middle class. Hence, most of the two-wheeler sales happen in the budget category.
Bosch, BWI, Continental, Honda Motor, ZF TRW, Aisin Seiki, Brakes India, Haldex, Hitachi Automotive System, and Mando.
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