Technavio, a tech-focused market research firm, has published a new report on the global motorcycle BBW market, which is expected to account for a revenue of more than 26 million units by the 2021.
Based on geographical segmentation, Technavio market researchers categorize the global motorcycle brake-by-wire (BBW) market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global motorcycle BBW market are elaborated below
Motorcycle BBW system market in the Americas: The US and Canada were the major contributors to the motorcycle BBW system market in the Americas during 2016. The growth of the market in this region is driven primarily by the increased adoption of heavyweight motorcycles by baby boomers. According to the market research analysts at Technavio, the motorcycle BBW market in the Americas is projected to account for almost 7 million units by 2021.
According to Siddharth Jaiswal, a lead analyst at Technavio, specializing in research on automotive electronics, “The North American motorcycle market is dominated by middle-aged motorcycle riders. The average age of riders is 48 years, and 35% of the motorcyclists in the region are between 51 and 65 years of age.”
Motorcycle BBW system market in EMEA: In 2016, France, Italy, Germany, Spain, and the UK dominated the motorcycle BBW system market in EMEA, driven by the increased demand for heavyweight motorcycles. The increase in awareness about the safety benefits offered by the BBW system is yet another driving force behind the rising demand for BBW systems in the region. Furthermore, the legislation push for mandatory ABS for motorcycles with an engine displacement of above 125cc (from 2016) is also fueling the BBW system adoption in the other segments of motorcycles in EMEA.
Motorcycle BBW system market in APAC: Japan, India, and China are the key revenue contributing countries in the motorcycle BBW system market in APAC. Legislation push by concerned authorities in APAC countries during the forecast period is expected to propel the demand for ABS, subsequently translating to the demand for motorcycle BBW systems. The market research analysts at Technavio anticipate the motorcycle BBW system market in APAC to post growth at a CAGR of almost 83% during the forecast period to emerge as the fastest-growing geographical segment of the global market.
The leading vendors operating in the global motorcycle BBW system market are:
- Continental AG
- Bosch
- BWI group
- ZF TRW
- NXP Semiconductors
Other prominent vendors in the market include Johnson Electric, ADVICS (Aisin Seiki), and Honda.
A more detailed analysis is available in the Technavio report titled, ‘Global Motorcycle BBW System Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Motorcycle Tire Pressure Management System (MTPMS) Market 2017-2021
- Global Automotive Engine Actuators Market 2017-2021
- Automotive HVAC System Market in the Americas 2017-2021
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