Top Insights on the Global Motorcycle Braking System Market| Technavio

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LONDON–()–The global motorcycle braking system market is expected to grow at a CAGR of close to 6% from 2017-2021, according to a new market research report by Technavio.

Global motorcycle braking system market segmentation by application and end-user

Technavio’s report on the global motorcycle braking system market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including commuter motorcycles, mid-weight motorcycles, and heavyweight motorcycles. In 2016, the global motorcycle braking system market was dominated by the commuter motorcycles segment, accounting for a share of around 54%.

Based on geography, the global motorcycle braking system market has been segmented into APAC, the Americas, and EMEA. As of 2016, close to 92% of the market share came from APAC.

“India and China are the major contributors to the motorcycle market in APAC. These two countries account for more than 70% of the global motorcycle sales owing to the increasing economic standards and rise in the standard of living of people in these countries. The sales of motorcycles further increased due to people's preference towards motorcycle as a major mode of commutation in these most populous countries in the world. They also consider motorcycles as the best alternative to walking or public transportation,” says Ganesh Subramanian, a lead analyst at Technavio for automotive components research.

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Global motorcycle braking system market: competitive vendor landscape

The global motorcycle braking system market has marked immense growth in terms of technological innovations. Development of innovative designs, in terms of size and weight, are expected to continue during the forecast period. Apart from this, the possible introduction of new entrants in the market will increase the competition among existing players during the forecast period. However, these factors will benefit customers significantly in terms of cost and performance. Furthermore, the advancements in braking systems are paving the way for autonomous vehicles. Automakers across the globe are adopting such advanced technologies in the safety front that will make driving a safer and comfortable experience.

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Other topics covered in the report:

Market drivers:

  • Safety benefits of anti-lock braking systems (ABS) in motorcycles
  • Manufacturers prioritizing lightweight braking systems

Market challenges:

  • High costs associated with ABS systems for low-powered motorcycles
  • Technical glitches in ABS

Market trends:

  • Development of automatic braking system
  • Inertial measurement unit (IMU) sensors in sports motorcycles to improve safety

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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