Two-Wheeler Anti-Lock Braking System - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Two-Wheeler Anti-Lock Braking System Market is expected to grow at a CAGR of 11.0% during the forecast period. Increasing road traffic and congestion, the low maintenance cost of bikes, people's willingness to buy two-wheeler are some of the factors propelling the growth of the market. However, disruption of wheel speed sensors of ABS systems through improper repair work or accident impacts are hampering the market growth.
An anti-lock brake system prevents the wheels of a powered two-wheeler from locking during braking circumstances. Given the information from wheel speed sensors, the ABS unit adjusts the pressure of the brake fluid to keep traction during deceleration to avoid accidents.
Based on the sales channel, the original equipment manufacturers segment is going to have a lucrative growth during the forecast period due to the constant efforts towards innovations in automotive technology for greater efficiency and safety, and the rising concerns over commuter safety by original equipment manufacturers (OEMs). By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the concerns about the rising number of two-wheeler accidents in the region and the relatively higher number of two-wheeler purchases in comparison to that of four-wheelers.
Some of the key players profiled in the Two-Wheeler Anti-Lock Braking System Market include BMW, Shandong Shunanda Automobile Technology Co., Ltd., Robert Bosch GmbH, NXP, Brembo S.p.A, Honda, Continental Reifen Deutschland GmbH, BWI Group, AISIN SEIKI Co., Ltd., Brakes India, ZF Friedrichshafen AG, ADVICS, and Nissin Kogyo Co., Ltd.
Component Types Covered:
• Solenoid Valve
• Hydraulic Pump
• Electronic Control Unit (ECU)
Displacement Types Covered:
• Less Than 125
• Above 400cc
Propulsion Types Covered:
• Internal Combustion Engine
Sales Channels Covered:
• Original Equipment Manufacturers
Two-wheeler Types Covered:
Operating Channels Covered:
• One Channel - One Sensor
• Three Channel - Three Sensor
• Four Channel-Four Sensor
Product Types Covered:
• After Loading
• Front Loading
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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