Motorcycle anti-lock braking system (ABS): Key market research findings
- The Americas dominate the market geographically
- Multichannel ABS accounts for a majority of the market’s revenue
- Key vendors – BWI, Continental, Honda, Robert Bosch, and ZF
Technavio’s market research analysts predict the global market for motorcycle ABS to account for almost $25 million units by 2020. The growth of this market can be attributed to the integration of ABS with other safety functions in motorcycles. The flexibility of any device is vital for its adoption into more segments and its sustainability in the long run. ABS is used as a safety device to prevent the motorcycle from skidding even when the rider applies sudden brakes and also reduce the stopping distance of the motorcycle. During 2015, the global motorcycle ABS market was dominated by the Americas with a market share of almost 51%. The rise in heavyweight motorcycle adoption by baby boomers in this region will fuel the growth of the motorcycle ABS market during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the motorcycle ABS segments based on the type.
“The market is currently witnessing the development of one-channel ABS for emerging markets like India. Earlier ABS was limited to premium motorcycles, owing to the high cost associated with the device. The cost was the main barrier to the adoption of motorcycle ABS in the emerging markets. Apart from costs, the requirement of hydraulic brakes is also hindering ABS adoption,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
Currently, the global market is dominated by the multiple channel ABS segment with a market share of around 62%. In multiple-channel ABS, the device is dedicated to both the wheels of the motorcycle. Heavyweight motorcycles drive the adoption of this type of ABS owing to the high cost associated with this system. The other factor that fuels the adoption of multiple-channel ABS in the heavyweight motorcycles is the requirement of the hydraulic brakes on both wheels, which most low-powered motorcycles lack.
The key vendors in the global motorcycle ABS market include BWI, Continental, Honda, Robert Bosch, and ZF. Currently, the motorcycle ABS market consists of a limited number of manufacturers and is categorized by rapid technological innovations. Investments in developing the innovative design in terms of size and weight are expected to continue during the forecast period. The possible introduction of new OEMs like Hitachi Automotive and LG Innotek will spur the competition among existing players during the forecast period.
A more detailed analysis is available in the Technavio report, Global Motorcycle ABS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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