MarkNtel Advisors – Leading Market Research Company found Global Two-wheeler Brake Components Market is expected to reach 8.0% CAGR Growth By 2028.
This report provides a comprehensive analysis of the Global Two-wheeler Brake Components Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Two-wheeler Brake Components Market
Base Year: 2022
Forecast Years: 2023-2028
Historical Years: 2018-2021
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Scope of the Two-wheeler Brake Components Market Report:
The Global Two-wheeler Brake Components Market is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28. The market growth is attributed to the rising penetration of electronic components in the Two-wheeler Market, with government regulations mandating advanced emergency brake systems & surging sales of two-wheelers in emerging countries. Additionally, the expansion of the automobile industry with the integration of EVs in two-wheelers raising further sales, promises more expansion opportunities for the industry.
Which prominent factor is expected to drive the Two-wheeler Brake Components Market during 2023-28?
The need for transportation is rising with rapid urbanization and the construction of new infrastructures specifically in emerging countries. Countries like India, Indonesia, and China, are likely to continue to contribute heavily to the consumption and adoption of two-wheelers. High preference for two-wheelers, owing to their affordable low price, for middle-class consumers has been fueling the industry expansion and is likely to continue in the same trend.
What are the different Segment Available in the Two-wheeler Brake Components Market?
By Vehicle
- Motorcycle
- Moped/Scooter
By Sales Channel
- OEM
- Replacement
By Product Type
- Brake Calliper
- Brake Shoe
- Brake Pad
By Type of Brakes
- Drum
- Disc
By Region
- North America
- South America
- Europe
- Middle East
- Africa
- Asia-Pacific.
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Leading Two-wheeler Brake Components companies operating in the Market
- Bosch Limited
- Nissin Kogyo Co., Ltd
- AC Delco
- Brake Parts Ltd.
- Endurance Technologies Limited
- Akebono Brake Industry Co., Ltd.
- Brakes India Limited
- Continental AG
- Sundaram Brake Lining Ltd.
- Rane Holdings Limited.
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