Global motorcycle braking system market to grow at a CAGR of 5.63% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of automatic braking system. Automatic braking system combines sensors and brake controls to prevent high-speed collisions. It is designed to prevent collisions and reduce the speed of the motorcycle before it hits something. It works by relying on inputs from other sensors such as lasers and radars, which help in determining the obstacles in the path of the vehicle.
According to the report, one driver in the market is safety benefits of ABS in motorcycles. Earlier, the primary factors that influenced customer buying behavior were price, fuel consumption, and reliability. But in the past few years, customers have started focusing more on safety and performance of vehicles. Stability of motorcycles is a major concern that threatens the safety of riders. Motorcycles often destabilize when the application of brakes is too hard, thus locking the front or the rear wheels. The sudden locking may cause the vehicle to overturn or slide. To prevent this, motorcycles are being equipped with ABS system to improve riders’ safety.
Further, the report states that one challenge in the market is high costs associated with ABS systems for low-powered motorcycles. Though ABS system is considered as a safety measure in many vehicles, the cost incurred during its installation in low-powered motorcycles poses a major threat to its adoption. It also involves high maintenance costs. Also, the sensors used to avoid locking of wheels are very expensive and incur high replacement costs. Currently, many automobiles are integrated with these ABS systems, but its penetration is low in low-powered vehicles due to its expensive nature.
- ZF Friedrichshafen
Other Prominent Vendors
- Brakes India
- BWI Group
- Delphi Automotive
- Galfer USA
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Application
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/4n59zr/global_motorcycle?w=5
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets
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