Press release
Motorcycle Antilock Braking System (ABS) Market Growing Demand, Industry Synopsis, Opportunities and Analysis 2021 to 2027
The Motorcycle Antilock Braking System (ABS) market research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2021 and 2027 and also provides the forecast data from year 2021 to 2027 which is based on revenue. With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights Motorcycle Antilock Braking System (ABS) market research report recommends a business strategy for present market participants to strengthen their position in the market.The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Bosch, Continental, Knorr-Bremse, Hitachi, NXP, Honda, BMW
Recent Devlopment:
In 2018, Continental AG, inaugurated two new lines for Anti-lock Braking System and Electronic Stability Control assembly at its manufacturing plant in Gurgaon India. This increase in capacity is to address the market requirements for mandatory ABS in passenger cars and 2-Wheelers from April 2019.
The Global Motorcycle Antilock Braking System (ABS) Market Size is Projected to Reach at a CAGR of 9.63% during 2021-2027.
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Covid-19 Impact and Recovery Analysis:
The number one goal of this Motorcycle Antilock Braking System (ABS) Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Motorcycle Antilock Braking System (ABS) market document.
Motorcycle Antilock Braking System (ABS) market Segmentation By Type:
Large Displacement
Small Displacement
Motorcycle Antilock Braking System (ABS) market Segmentation By Application:
Commericial Use
Residential Use
Market Overview
The global Motorcycle Antilock Braking System (ABS) market is anticipated to register a CAGR during the forecast period (2021 – 2027).
According to the Insurance Institute for Highway Safety (IIHS), fatal crashes can be reduced by 31% for motorcycles equipped with optional ABS compared to those same models without ABS.
Increasing road traffic and congestion, the low maintenance cost of bikes, people's willingness to buy 2 wheelers are some of the factors which are driving the global 2-wheeler ABS market.
The governments are imposing strict regulations for reductions in fatalities during road accidents, for instance, the European Union parliament mandated anti-lock braking systems as the standard equipment in motorcycles built from 2016. The Insurance Institute of Highway Safety reported that 8.9% of registered motorcycles were required to have anti-lock brake systems in 2017. This number increased steadily since 2002 when anti-lock brake technology was considered a standard form of equipment on only 0.2% of motorcycles.
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Asia-Pacific is projected to witness the highest growth in Motorcycle Antilock Braking System (ABS) market
Asia Pacific Motorcycle Antilock Braking System (ABS) market is anticipated to grow at a rapid rate over the forecast period. China, India, and Japan are the major economies in the regional market that are anticipated to influence the global market. The region has the top five countries which are the largest market for motorcycle. In 2019 India which is one of the largest Motorcycle markets has seen a 7.9% increase of 2 wheelers sale from 20.2 million units in 2020 to 21.18 million units in 2021
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Motorcycle Antilock Braking System (ABS) Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Motorcycle Antilock Braking System (ABS) Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The report gives answers to the following:
What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Motorcycle Antilock Braking System (ABS) industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the Motorcycle Antilock Braking System (ABS) marketplace in the during the forecast period?
Impact of COVID-19:
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the Motorcycle Antilock Braking System (ABS) market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization: -
The Global Motorcycle Antilock Braking System (ABS) Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.
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Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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