Global Two-wheeler Brake Components Market Insights Report Overview:
According to the latest market study by MarkNtel Advisors titled “Global Two-wheeler Brake Components Market Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.
Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.
Global Two-wheeler Brake Components Market Insight:
The Global Two-wheeler Brake Components Market is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28.
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Key Trend: The Rising Penetration of Electronic Components in the Two-Wheelers
With the increasing penetration of electric and autonomous vehicles, the integration of electronic components in two-wheeler has also gained traction and is further driving the market. Additionally, the advent of wheel speed sensors has further led to the development and incorporation of ABS in two-wheelers. Besides, the rising use of automotive electronics in modern vehicles requires adopting automotive brake-by-wire systems to control vehicle body electronics. Thus, the increasing penetration of technology is accelerating the installment of electronic components and dependence of vehicles on new developments and technology, which is expected to drive the market lucratively.
Competitor Insight: Two-wheeler Brake Components Market
This report focuses on major market participants like:
- Bosch Limited
- Nissin Kogyo Co., Ltd
- AC Delco
- Brake Parts Ltd.
- Endurance Technologies Limited
- Akebono Brake Industry Co., Ltd.
- Brakes India Limited
- Continental AG
- Sundaram Brake Lining Ltd.
- Rane Holdings Limited
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Segmentation Summary: Two-wheeler Brake Components Market
This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Two-wheeler Brake Components Market, with notable highlighting on:
-By Type of Brake,
- Disc
- Drum
Among the two, Drum Brakes account for the highest market share and are expected to dominate in the forecast period. The segment’s growth is attributed to the cheaper manufacturing cost and the longer life of drum brakes compared to disc brakes. Again, it is easier to recondition the wheel cylinder than to refurbish calipers on a disc brake, collectively adding further value to Drum brakes.
-By Vehicle
- Motorcycle
- Moped/Scooter
-By Sales Channel
- OEM
- Replacement
-By Product Type
- Brake Calliper
- Brake Shoe
- Brake Pad
Two-wheeler Brake Components Market Geographical Reach:
- North America
- South America
- Europe
- Middle East
- Africa
- Asia-Pacific
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Key Questions Addressed:
- Factors Driving Market Growth: Understand the primary drivers propelling the Two-wheeler Brake Components market forward.
- Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
- Growth Projections: Gain insights into anticipated growth projections for the coming years.
- Geographical Hotspots: Identify geographical poised for significant market growth soon.
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