Press Release

India Two Wheeler Brake System Market to Grow at 17% CAGR till 2024

Rising two wheeler production aimed at catering growing demand for two-wheelers due to their higher fuel efficiency and increasing traffic congestion, especially by four wheelers, to drive India two wheeler brake system market through 2024

According to TechSci Research report, India Two Wheeler Brake System Market By Vehicle Type, By Capacity, By Brake Type, By Demand Category, Competition, Forecast & Opportunities, 2014 – 2024, two wheeler brake system market in India is projected to grow at a CAGR of more than 17% during 2019-2024, backed by rising production of two wheelers in the country. Moreover, growing two wheeler sales, owing to their easy maneuverability and lower carbon emissions, is expected to fuel the market. Rising demand for two wheeler taxis, growing traffic congestion, and poor road infrastructure in tier 2 and tier 3 cities are boosting the demand for two wheelers, consequently positively influencing the country’s two wheeler brake system market during the forecast period.

Browse 3 market data Tables and 32 Figures spread through 79 Pages and an in-depth TOC on "India Two Wheeler Brake System Market"

With a two-third share in India two wheeler brake system market, motorcycle segment dominated the market in 2018 and is expected to maintain its market dominance in coming years, owing to infrastructure development and better road connectivity in tier-2 cities. On account of growing per capita income and increasing inclination of consumers towards small and easy maneuverable automobiles, two wheeler brake system market is expected to register growth during the forecast period. Prominent brake system manufacturers such as Rico, Endurance, ASK, Brembo and Nissin are continuously enhancing and expanding their product offerings to boost their customer base. On the other hand, many Chinese and small-scale two wheeler brake system manufacturers are intensifying their business operations by enhancing the quality of their products by investing in research & development and expanding their portfolio. Several companies are also investing intensively in order to provide their customers with more affordable and premium two wheeler braking systems.

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“Growing presence of various companies such as Endurance, ASK, Brembo, Rico and Nissin coupled with their continued research & development to manufacture premium and more sophisticated two wheeler braking systems is expected to intensify the two wheeler brake system market in India. Moreover, rising average selling price of two wheeler brake systems and growing sales of two wheelers are anticipated to boost revenue of India two wheeler brake system market players during the forecast period.”, 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 Capacity, By Brake Type, By Demand Category, Competition, Forecast & Opportunities, 2014 – 2024 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 analyses emerging trends along with essential drivers and key challenges faced by the two wheeler brake system market across the country.

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