Global Two-Wheeler Brake Component Market Report 2019 - Market Set to Reach $10.5 Billion by 2024
DUBLIN, Oct. 31, 2019 /PRNewswire/ -- The "Global Two Wheeler Brake Component Market by Product Type (Brake Shoe, Brake Pad & Brake Caliper), By Vehicle Type (Scooter/Moped & Motorcycle), By Sales Channel (Replacement and OEM), By Region, Competition, Forecast & Opportunities, 2014-2024" report has been added to ResearchAndMarkets.com's offering.
The Global Two-Wheeler Brake Component Market Stood at $6 Billion in 2018 and is Projected to Reach $10.5 Billion by 2024.
Anticipated growth in the market can be attributed to the increasing demand for two-wheelers in developing nations. Moreover, stringent government regulations and mandates with reference to two-wheeler safety, in addition to government initiatives in economies such as China and India aimed to promote two-wheeler safety is further driving the global two-wheeler brake component market.
The main function of a brake component is to reduce the speed and stop the vehicle along with rider control. Two-wheeler braking components, such as brake calliper, brake shoe, and the brake pad, are responsible for producing the braking effect in vehicles. The emergence of anti-lock braking systems (ABS), Combined braking system (CBS) and other technological advancements have gained popularity in the last few years, which is further driving the demand for brake components.
The global two-wheeler brake component market can be categorized based on vehicle type, product type, sales channel and region. Disc and drum are two major brakes used in two-wheelers. In terms of product type, the market for two-wheeler brake component can be segmented into the brake calliper, brake shoe, and brake pad. Disc brake pad segment is expected to grow at a significant rate during the forecast period owing to their high preference and demand in 125cc and above segment. In terms of vehicle type, Scooter/Moped is the largest segment and is likely to continue its dominance during the forecast period as well, on the back of their high demand in emerging nations such as China, India, Indonesia among others.
Globally, two-wheeler brake component market is gaining traction and expanding to various regions including Asia-Pacific, South America, Europe, North America and Middle East & Africa. Asia-Pacific dominates the global two-wheeler brake component market owing to rising two-wheeler production in economies such as India, China, Indonesia and the Philippines.
Major players operating in the global two-wheeler brake component market include Brembo S.p.A., Akebono Brake Industry Co., Ltd, Nissin Kogyo Co., Ltd., Bosch Limited, AC Delco, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
The objective of the Study:
- To analyze and forecast the global two-wheeler brake component market size.
- To classify and forecast the global two-wheeler brake component market based on vehicle type, sales channel, product type, component and regional distribution.
- To identify drivers and challenges for the global two-wheeler Brake Component market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global two-wheeler brake component market.
- To conduct the pricing analysis for the global two-wheeler brake component market.
- To identify and analyze the profile of leading players operating in the global two-wheeler brake component market.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Analyst View
4. Voice of Customer
5. Global Two-wheeler Brake Component Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Product Type (Brake Calliper, Brake Shoe and Brake Pad)
5.2.2. By Vehicle Type (Motorcycles and Scooter/Moped)
5.2.3. By Sales Channel (OEM and Replacement)
5.2.4. By Company
5.2.5. By Region
5.3. Market Attractiveness Index
6. Asia-Pacific Two-wheeler Brake Component Market Outlook
7. South America Two-wheeler Brake Component Market Outlook
8. Europe Two-wheeler Brake Component Market Outlook
9. North America Two-wheeler Brake Component Market Outlook
10. Middle East & Africa Two-wheeler Brake Component Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Brembo S.p.A.
13.2. Akebono Brake Industry Co. Ltd
13.3. Nissin Kogyo Co. Ltd.
13.4. Bosch Limited
13.5. Endurance Technologies Limited
13.6. AC Delco
13.7. Brake Parts Inc.
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/5wi5s6
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