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The two-wheeler industries have developed tremendously over the years and also the brakes industry. In some states of the U.S, under the legislation, it is required to phase out of copper from brake pads, and also, there has been limiting to the content of copper in the total weight of the brake pad. Many brake manufacturers are developing an innovative alternative of brake pad formulation for the modern vehicles in the market. The growing disposable income and affordability of two-wheeler are likely to boost the market for the two-wheeler brakes. The two-wheeler is more convenient and comfortable than public transport. This factor is also expected to drive the market’s growth.
Key Market Driver -
The affordable, more comfortable, and convenient than public transport are factors expected to drive the growth of the market
Key Market Restraint -
The high cost of the brake pads is expected to be hamper the growth of the market.
The increasing production of the two-wheeler owing to rising demand by consumers is likely to propel the market for the two-wheeler brakes, as the market of brakes is directly associated with the demand of two-wheelers. The high cost of the brake pads and regular replacement of the brake pads owing to a shorter life span is expected to restrain the growth of the market over the forecast period.
The global two-wheeler brakes market has been segmented into type, driven type, friction products, and region. By type, the global two-wheeler brakes market is segmented into drum and disc. The drum brakes account for the largest market share and are expected to dominate the market over the forecast period. The drum brakes are cheaper in manufacturing and also last longer compared to disc brake. The disc brake segment is also expected to show good growth in the market over the forecast period. By driven type, further, the market has been segmented into electronically driven and non-electric. The non-electric driven segment is expected to dominate the market over the forecast period. The electronically driven segment is also expected to show good growth in the market over the forecast period owing to growing advancement in the brakes and also rising adoption of the advanced technologies in the motorcycles. Based on friction products, further, the market has been segmented into a disc pad, rotor, drum, brake shoe, and brake lining. The brake shoe holds the largest market share of this market and is expected to dominate the market over the forecast period.
Some of the major companies that are present in the two-wheeler brakes market include ZF Friedrichshafen AG, Brembo S.p.A., EBC Brakes, SBS Friction A/S, Nisshinbo Holdings Inc., Tenneco Inc., among others.
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Geographically, the two-wheeler brakes market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia-Pacific is expected to dominate this market over the forecast period. The rising disposable income of the individuals and increasing demand for two-wheeler among the consumers in developing countries such as China and India is expected to drive the market’s growth in this region. North America is also expected to show good growth in the two-wheeler brakes market over the forecast period. The safety regulations towards the rider and pedestrian in this region are expected to propel the demand for brakes. Europe is also expected to show good growth in the two-wheeler brakes market over the forecast period.
By Driven Type
By Friction Products
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