India Two-Wheeler Brake System Market to Grow at Over 18% CAGR until FY2023

Growing two-wheeler production and sales coupled with increasing inclination of consumers towards safer and efficient braking systems to drive India two-wheeler brake system market through FY2023  

According to TechSci Research report, “India Two-Wheeler Brake System Market By Vehicle Type, By Brake Type, By Demand Category, Competition Forecast & Opportunities, FY2013 – FY2023”, the two-wheeler brake system market in India is projected to grow at a CAGR of 18.7% during FY2018-FY2023. Rising production of two-wheelers in the country coupled with growing two-wheeler sales owing to their high mileage, easy maneuverability and lower carbon emissions are the primary factors expected to boost demand for two-wheeler brake systems in India in the coming years. Growing traffic congestion and poor road infrastructure in tier 2 and tier 3 cities are also driving demand for two-wheelers, which in turn, is anticipated to fuel the country’s two-wheeler brake system market.

Browse 33 market data Figures and Tables spread through 70 Pages and an in-depth TOC on "India Two-Wheeler Brake System Market"

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Motorcycles dominate the country’s two-wheeler brake system market, on the back of their higher sales share in the country’s two-wheeler market. Cities such as Agra, Jaipur, Indore, Lucknow, Surat, etc., are few of the major regions generating high demand for motorcycles. On account of rising per capita income of people in rural areas, increasing demand for last mile connectivity, growing inclination of consumers towards safer brake systems and technological advancements, India two-wheeler brake system market is likely to register strong growth during the forecast period.   

Prominent brake system manufacturers including Rico, Endurance, ASK, Brembo, Nissin, etc., are continuously enhancing and expanding their product offerings to boost their customer base. On the other hand, several Chinese and small-scale two-wheeler brake system manufacturers have also intensified their business operations by improving the quality of their products with investments in research & development and portfolio expansion.

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“Growing presence of various companies such as Endurance, ASK, Brembo, Rico, etc., coupled with their increasing focus on research & development efforts to come up with innovative and advanced products is expected to further intensify competition in India two-wheeler brake system market in the coming years. Moreover, rising average selling price of two-wheeler brake systems and growing sales of two-wheelers are forecast to provide ample opportunities to companies operating in the country’s two-wheeler brake system market during FY2018-FY2023”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Two-Wheeler Brake System Market By Vehicle Type, By Brake Type, By Demand Category, Competition Forecast & Opportunities, FY2013 – FY2023” has analyzed the potential of two-wheeler brake system market in India, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the two-wheeler brake system market across the country.

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