Two-Wheeler Brake Components Market to Grow with a CAGR of 5.20% through 2030
The
Global Two-Wheeler Brake Components Market is witnessing significant growth due
to technological advancements, rising safety awareness, and increasing demand
for electric vehicles. These factors are the key drivers of the market in the
forecast period 2026-2030.
According
to TechSci Research report, “Two-Wheeler Brake Components Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Global Two-Wheeler Brake Components Market was valued at USD 1.65 Billion
in 2024 and is expected to reach USD 4.73 Billion by 2030 with a CAGR of 5.20%
during the forecast period. The two-wheeler brake components market is
expanding steadily, driven by the growing popularity of motorcycles and
electric scooters. Urbanization has led to a higher demand for efficient and
safe transportation solutions, encouraging advancements in braking
technologies. The market is seeing an increasing uptake of ABS and CBS, aligned
with tighter safety standards and regulatory pressure. Companies are investing
heavily in R&D to create innovative brake components that improve vehicle
performance while enhancing rider safety.
With
heightened awareness about road safety, there has been a notable shift towards
advanced braking systems in two-wheelers. Various governments are enforcing
regulations that require the installation of such systems, fueling market
growth. The rise of electric two-wheelers, pushed by consumer preference for
eco-friendly alternatives, is generating additional demand for brake components
designed to integrate with regenerative braking systems, further boosting the
market. However, challenges such as the cost of high-tech braking systems and
potential supply chain issues remain significant obstacles. Despite these, the
growth of the aftermarket sector for brake component replacements and the
continuous evolution of smart braking technologies present substantial
opportunities. The continued focus on innovation and safety features will be
key factors in propelling the market forward.
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Two-Wheeler Brake Components Market data Figures spread through XX Pages and an
in-depth TOC on "Two-Wheeler Brake Components Market"
Two-Wheeler Brake Components Market Is Segmented By
Product Type, Vehicle Type, Demand Category, and Region.
Based on Vehicle Type, The two-wheeler
brake components market is divided into two primary vehicle types:
scooters/mopeds and motorcycles. Scooters and mopeds have become an essential
mode of transportation in urban and suburban areas, particularly in regions
with dense traffic and narrow roads. These vehicles often prioritize
convenience, fuel efficiency, and ease of use, leading to a steady demand for
reliable braking systems that ensure safety under various conditions. As the
number of scooter and moped riders continues to rise, so does the need for
advanced brake components designed for lighter, more compact vehicles. Brake
components for these vehicles typically emphasize cost-effectiveness,
simplicity, and optimal performance under frequent stop-and-go conditions.
Motorcycles, on the other hand, require more robust and performance-oriented
brake components. The increasing preference for motorcycles in both urban and
rural settings is driving the demand for high-quality braking systems that
offer better control and enhanced safety at higher speeds. Motorcycle brake
components are often built with more advanced features like Anti-lock Braking
Systems (ABS) and hydraulic brake setups to ensure effective braking
performance. These vehicles cater to a diverse range of consumers, from casual
riders to enthusiasts, which results in varied requirements for braking systems
in terms of durability, responsiveness, and technology integration.
The Asia-Pacific region is the fastest-growing in the global
two-wheeler brake components market in 2024. Rapid urbanization, economic
growth, and a surge in two-wheeler adoption are all contributing to this
expansion. Countries in this region are experiencing increasing demand for both
scooters and motorcycles as efficient modes of transportation. With a strong
consumer base in emerging markets, the region is seeing a rise in the number of
two-wheelers used for daily commuting, logistics, and leisure. The growing
number of vehicle owners in Asia-Pacific has amplified the need for advanced,
cost-effective brake components. Government policies focusing on road safety
and emissions standards are also driving the adoption of high-performance
braking systems. Regulatory changes, such as the mandatory installation of
Anti-lock Braking Systems (ABS) in certain vehicle segments, are further
fueling market demand. The shift toward electric two-wheelers is also a key
factor, as these vehicles require specialized braking systems like regenerative
braking, which is gaining traction in countries with favorable environmental
policies. The convergence of safety regulations, environmental awareness, and
increasing disposable incomes are creating a promising landscape for the
two-wheeler brake components market in Asia-Pacific.
Major
Market Players Operating in Global Two-Wheeler Brake Components Market Are:
- Hitachi
Astemo, Ltd.
- Nuova
FourB S.r.l.
- UNO
Minda Limited
- Faurecia
SE
- Endurance
Technologies Limited
- Akebono
Brake Industry Co., Ltd.
- Continental
AG
- Robert
Bosch GmbH
- Huaihai
Holding Group
- ZF
Friedrichshafen AG
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The Global Two-Wheeler Brake Components Market is
experiencing significant growth as manufacturers and suppliers focus on
enhancing rider safety, improving performance, and meeting evolving consumer
demands for advanced braking technologies. Brake components are transforming
the two-wheeler industry by providing riders with improved control, stability,
and security through advanced braking systems like Anti-lock Braking Systems
(ABS) and Combined Braking Systems (CBS). The growing emphasis on road safety,
government regulations pushing for advanced braking systems, and increased
demand for electric two-wheelers are all driving the adoption of
high-performance brake components. With heightened awareness of rider safety
and greater consumer demand for reliable braking solutions, the market for
two-wheeler brake components is expanding across various vehicle segments". According to Mr. Karan Chechi, Research Director of TechSci Research, a global research-based management consulting firm.
“Two-Wheeler Brake Components Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Brake Shoe, Brake Pad & Brake Caliper), By Vehicle Type (Scooter/Moped & Motorcycle), By Demand Category (Replacement and OEM), By Region &Competition, 2020-2030F”, assesses the market's future growth
potential and provides data on market size, trends, and forecasts. It aims to
offer comprehensive market insights, helping decision-makers make informed
investment choices. The report also highlights emerging trends, key drivers,
challenges, and opportunities in the Global Two-Wheeler Brake Components
Market.
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