Two Wheeler Brake System Market to Grow with a CAGR of 8.67% in India through to 2029
The major drivers for the India Two Wheeler Brake System
Market are the growing sales of two-wheelers and the need for improved safety
features, including advanced brake systems, to meet regulatory requirements and
enhance rider safety.
According to TechSci Research report, “India Two
Wheeler Brake System Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the India Two Wheeler Brake System
Market stood at USD 1.2 Billion in 2023 and is anticipated to grow with a CAGR
of 8.67% in the forecast period, 2024-2029. The India Two Wheeler Brake System
Market is driven by several key factors. Firstly, the rising popularity of
high-performance motorcycles among enthusiasts has significantly contributed to
the growth of the market. With an increasing number of consumers seeking
powerful and advanced two-wheelers, the demand for motorcycles equipped with
cutting-edge braking systems has soared. Furthermore, the evolving regulatory
landscape has played a crucial role in shaping the market dynamics. Stricter
safety regulations mandated by the government have compelled manufacturers to
incorporate efficient brake systems in all two-wheelers. This regulatory push
for enhanced safety has not only boosted the demand for advanced braking
technologies but has also instilled a sense of trust and confidence among
consumers. In addition to these factors, the surge in disposable
income among the Indian population has led to a growing preference for premium
two-wheelers. Consumers are now willing to invest in motorcycles that offer
superior performance and safety features, including advanced braking systems.
This trend has created a significant growth opportunity for the India Two
Wheeler Brake System Market.
Moreover, the increasing focus on electric mobility in
India has opened up new avenues for innovation in brake systems. As the country
aims to transition towards sustainable transportation, there is a need for
specialized brake systems tailored for electric two-wheelers. This presents an
exciting opportunity for manufacturers to develop and introduce innovative
braking solutions that cater specifically to the unique requirements of
electric vehicles. Overall, the India Two Wheeler Brake System Market is driven
by the growing demand for high-performance motorcycles, the implementation of
stricter safety regulations, and the rise of electric mobility initiatives.
These factors, combined with the increasing disposable income and evolving
consumer preferences, are shaping the market landscape and paving the way for
further advancements in brake system technologies.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "India Two Wheeler Brake System Market”
The India Two Wheeler Brake System Market is a crucial
and dynamic segment within the country's extensive two-wheeler industry. It
operates in an environment defined by substantial growth in the two-wheeler
market, driven by various factors. India's large population, ongoing
urbanization, and rising disposable incomes have made motorcycles and scooters
the preferred mode of personal transportation, providing convenience and
cost-effectiveness. Additionally, the increasing focus on reducing carbon
emissions and promoting sustainable transportation has further propelled the
demand for two-wheelers in the country. With millions of new two-wheelers added
to the market each year, there is a pressing need for reliable and efficient
brake systems to ensure the safety of riders. As the demand for two-wheelers
continues to surge, the India Two Wheeler Brake System Market is poised for
continued growth and innovation in meeting the evolving needs of the industry. Regulatory compliance is not just important but a
fundamental aspect of the market in India. To ensure vehicle safety and reduce
emissions, the Indian government has introduced stringent regulations. These
regulations lay down specific safety standards that two-wheelers must adhere
to, with a particular focus on braking performance. Manufacturers are obligated
to ensure that their brake systems meet these standards, leaving no room for
compromise. Moreover, certain categories of two-wheelers are required to
incorporate advanced braking technologies such as Anti-Lock Braking Systems
(ABS) and Combined Braking Systems (CBS), further enhancing the safety measures
in place. By implementing these regulations, the Indian government aims to
create a safer and more sustainable environment for riders and pedestrians
alike.
Rider safety and awareness have gained prominence in
recent years. There is a growing recognition of the pivotal role that braking
systems play in ensuring overall safety for riders. Consumers are increasingly
informed about the safety features of their vehicles, and this understanding
has led to a shift in preferences. More riders are opting for two-wheelers
equipped with advanced brake technologies, such as ABS and CBS, which enhance
control during braking and reduce the risk of skidding.
Customization and the aftermarket demand have become
increasingly integral to the India Two Wheeler Brake System Market. In addition
to seeking personalized and upgraded two-wheelers, many riders now have a
strong inclination towards enhancing their braking performance through
high-performance brake components such as brake pads, rotors, and calipers.
This growing trend has paved the way for a robust aftermarket segment, offering
riders a diverse range of options to optimize their two-wheeler's braking performance
in alignment with their unique preferences and specific requirements. With this
evolving landscape, riders can truly tailor their braking systems to achieve
the desired level of performance and safety on the roads.
In summary, the India Two Wheeler Brake System Market
thrives within the context of a rapidly growing two-wheeler market. With the
increasing demand for two-wheelers in India, the market for brake systems has
witnessed significant growth. This can be attributed to the stringent
regulatory compliance and the heightened focus on rider safety and awareness.
Moreover, the market is also driven by the burgeoning
customization and aftermarket segment. Riders in India are increasingly looking
to customize their two-wheelers, and brake systems play a pivotal role in
ensuring both safety and performance. The market caters to the diverse needs
and preferences of riders across the country, offering a wide range of brake
system options.
By continuously innovating and adapting to the
evolving market trends, the India Two Wheeler Brake System Market remains at
the forefront of providing reliable and efficient braking solutions. With a
strong emphasis on safety and performance, it contributes to the overall riding
experience and contributes to making Indian roads safer for all.
Major companies operating in India Two Wheeler
Brake System Market are:
- Endurance Technologies Limited
- Rico Auto Industries Ltd.
- ASK Automotive Ltd.
- Brembo Brake India Pvt. Ltd.
- Nissin Brake India Pvt. Ltd.
- Allied Nippon Ltd.
- Masu Brakes Private Limited
- Kiran Udyog Pvt. Ltd.
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“The major drivers for the India Two Wheeler Brake
System Market primarily revolve around the increasing popularity of
high-performance motorcycles and the evolving regulatory landscape. A surge in
disposable income has led to an uptick in demand for premium two-wheelers that
come equipped with advanced braking systems, providing a significant boost to
the market. Simultaneously, stricter safety regulations mandated by the
government have necessitated the incorporation of efficient brake systems in
all two-wheelers, further propelling market growth. Additionally, the
burgeoning initiatives towards electric mobility in India have opened up new
avenues for innovative brake systems tailored for electric two-wheelers.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Two Wheeler Brake System Market – India
Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029, Segmented By Vehicle Type (Motorcycle, Scooter &
Moped), By Capacity (<100 cc, 101-125 cc, 126-150 cc, 151-200 cc &
>200 cc), By Brake Type (Disc & Drum), By Demand Category, By Country, Competition”, has evaluated the future growth potential of India Two
Wheeler Brake System Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in India Two
Wheeler Brake System Market.
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