Expansion of Two Wheeler Anti-Lock Braking System Market to Remain Consistent During 2017 - 2027
Two Wheeler Anti-Lock Braking System is a safety system which prevents skidding of vehicles and allows the wheels of the two wheelers to gain traction with the road surface while braking. It is inferred that Anti-Lock Braking System improves the braking performance. Moreover, it is also observed that the stopping distance also reduces considerably after the use of two wheeler anti-lock braking system. The primary components of a two wheeler anti-lock braking system includes Electronic Control Units (ECU), Hydraulic control unit, Power Booster and master cylinder assembly, and wheel sensor unit. Number of accidents caused by the over speeding and brake failures of two wheelers have increased significantly over the years. This has led to increasing implementation of two wheeler anti-lock braking systems across the globe. The implementation of two wheeler anti-lock brake system further allows the vehicle to gain stability, this is done by cyclic implementation of braking pressure over the operational range. Moreover, on snow covered surfaces and loose gravel, two wheeler anti-lock braking system significantly improve, vehicle maneuverability and control. All such features of the anti-braking system further more popular for utilization in various types of two wheelers.
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Two Wheeler Anti-Lock Braking System Market: Dynamics
Advancements in automotive technology across the globe and increasing demand of improved technologies by the customers has made the OEMs to design and introduce new features in the two wheelers. In line with this increasing demand, OEMs are focusing on increasing the efficiency of their vehicle. This will increase the utilization of two wheeler anti-lock braking system over the forecast period. Moreover with increasing two wheeler accidents in numerous countries across the world, the demand of safety assisting devices such as anti-lock braking system will increase over the time and create opportunities for augmentation of the said market over the forecast period. Government of many economies across the globe are making the OEMs for mandatory installation of two wheeler anti-braking system. Furthermore, as the two wheeler anti-lock braking system increase the vehicle maneuverability and stability of the vehicles, it makes them a popular alternatives of the conventional braking systems. This would further promote the growth of the two wheeler anti-lock braking system market. Furthermore, the two wheelers production has increased considerable in past years and this trend is anticipated to continue over next few years. This will further drive the growth of the two-wheeler anti-braking system market over the forecast period.
The initial cost of anti-lock brake systems is on higher side. As a result of this the demand of two wheeler anti-lock braking system is somewhat affected. Furthermore, in many regions such as North America and Europe, two wheeler register a smaller market share in comparison to passenger cars and commercial vehicles. As a result of this the sales of two wheeler anti-lock braking system is somewhat affected as the customer preference is towards the purchase of four wheelers. This can restrain the anticipated growth of two wheeler anti-lock braking system over the forecast period.
Two Wheeler Anti-Lock Braking System Market: Segmentation
On the basis of sales channel two wheeler anti-lock braking system market can be segmented into:
Original Equipment Manufacturer (OEM)
On the basis of number of operating channels two wheeler anti-lock braking system market can be segmented into:
One-channel, one-sensor system
Three-channel, three-sensor system
Four-channel, four-sensor system
Two Wheeler Anti-Lock Braking System Market: Regional Outlook
Two wheeler accidents have significantly increased in many countries of the Asia-Pacific region. As a result many economies of the Asia Pacific region have imposed regulations regarding mandatory installations of two wheeler anti braking systems. This will increase the demand of two wheeler anti-lock braking system over the forecast. On the similar grounds regulations regarding maximum stopping distances were imposed by the government. This will further increase the demand of anti-lock braking system in the North American region and promote the growth of two wheeler anti-lock braking system over the forecast period. Moreover, increasing production of two wheelers in the Asia Pacific region will further promote the growth of anti-lock braking system over the forecast period.
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Two Wheeler Anti-Lock Braking System Market: Key participants
Robert Bosch GmbH
TVS Motor Company
Kormee Automotive Electronic Control Technology Co., Ltd.
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