Two-Wheeler Brake Components Market Segmented By Product Type (Brake Shoe, Brake Pad & Brake Caliper), By Vehicle Type (Scooter/Moped & Motorcycle), By Demand Category (Replacement and OEM), By Regional, Competition Forecast & Opportunities 2019 – 2029F
Published Date: March - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 1.47 Billion |
| CAGR (2024-2029) | 5.30% |
| Fastest Growing Segment | Motorcycle |
| Largest Market | Asia-Pacific |
| Market Size (2029) | USD 2.00 Billion |
Market Overview
Global Two-Wheeler Brake Components Market was USD 1.47 Billion in 2023 and is expected to reach USD 2.0 Billion in 2029 with a CAGR of 5.30% during the forecast period.
The market possesses a number of key trends which are very visible and all these are important in providing growth prospects. One of such future design trends is the use of electronic devices in braking systems. Intelligent braking systems particularly those that utilize technology like sensors along with electronic control units to enhance the braking performance and overall braking safety are on the horizon. Moreover, opportunities are already being created in the expanding segment of electric two-wheelers replacing conventional IC engine-based W tweeny vehicles, which also has potential bearing on the brake component makers. This is due to the fact that electric cars differ from regular cars and they require braking systems to manage the regenerative braking system In the fast-growing market for electric two-wheelers, this segment has growth potential. The third interesting trend is the trend towards using light materials for brake components to maximize vehicle efficiency. The increase in technology whereby engineers have been capable of producing composites materials and High strength alloys so that the brake parts are as light as possible but very strong as the other is another field of innovation.
Organizations find the cost to be high because most of the modern vehicles are produced with advanced braking systems. While technologies like ABS and CBS are superior and safer, they are more expensive, which could restrict their use by price-conscious consumers particularly those in the developing nations. Furthermore, because it is more prevalent to include electronics in braking systems, it is a capital-intensive process in which businesses need to invest more capital in conducting research to come up with new methods of including electronics with braking systems. The other challenge is the challenge of applying its services and products with various and even contrasting needs in various nations. This is due to the fact that the manufacturers have to deal with various requirements and protocols concerning the safety aspects of the products as well as the certification required for releasing these products onto the market. Similarly, the capability to maintain brake parts as well as their performances owing to fluctuating climate changes is a top concern because which demands more innovation as well as performance test to provide reliability and safety as well as a brake.
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Key Market Drivers
Urbanization and Demand for Affordable Transportation
The rapid pace of urbanization across the globe has significantly impacted transportation dynamics. In densely populated urban areas, traffic congestion and limited parking spaces have prompted individuals to seek more compact and agile modes of transport.
Safety Regulations and Road Safety Awareness
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Performance Enhancement and Rider Preferences
The shifting preferences of two-wheeler enthusiasts towards performance-oriented models have had a substantial impact on the brake component market. Consumers today are not just looking for basic commuting vehicles; they seek enhanced riding experiences, responsive handling, and improved control. This demand for performance has prompted manufacturers to develop high-performance brake components that offer superior braking efficiency, reduced stopping distances, and enhanced overall riding dynamics. The integration of advanced materials, such as high-performance brake pads and precision-calibrated brake systems, has become a distinguishing factor for many premium two-wheeler models.
Technological Advancements and Innovation
Aftermarket Demand and Replacement Needs
Emerging Markets and Rising Disposable Income
The expansion of the Two-Wheeler Brake Components market is further bolstered by the growth of emerging economies and increasing disposable incomes in these regions. As more individuals in countries like India, China, and Southeast Asian nations enter the middle class, the affordability and convenience of two-wheelers make them an attractive choice for personal transportation. This surge in demand is accompanied by a parallel increase in the need for reliable and high-quality brake components, thereby augmenting the market's growth prospects. For Instance according to a report by World economic forum, income levels in emerging ASEAN countries are projected to increase by 6%-8% annually, driven by a growing middle class. Among these countries, Vietnam is expected to see the most significant rise in income. In Vietnam, average disposable income per capita is anticipated to double from USD 2,000 to USD 4,000 by 2030, with an annual growth rate of 8%, which is double the growth rate observed in the United States.
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Environmental Considerations and Regulations
Amid growing environmental concerns, the push for cleaner and greener transportation options has led to the development of electric two-wheelers. As electric vehicles (EVs) gain traction, the dynamics of brake components are also evolving. EVs require regenerative braking systems that harness kinetic energy during braking to recharge the battery. This transition not only highlights the need for innovative brake component solutions tailored to EVs but also underscores the role of brake components in the broader context of sustainable mobility.
Key Market Challenges
High Price of Modern Braking System
The problems being encountered in the global two-wheeler brake parts market are that, high-cost occupies a significant portion in the cost of two-wheelers for the use of advanced braking system such as ABS and CBS. In spite of such systems offering safety higher than other systems, the greater cost of such systems is usually an inconvenience where customers are price-conscious particularly in developing countries. Because of this cost aspect, these technologies have not reached more growth as it is observed that two-wheeler companies do not look to make high returns and therefore prices of such technology will have to be kept low so that they can enter the two-wheeler sector.
Regulatory Compliance and Standardization
Challenge faced in coping with various origination is regulating measurement evaluation in the brake component produced in various nations. Point to differences is that each nation may have in terms of safety regulations, certifications and compliance that would make it hard to introduce a product to the market. Product compliance with the requirements and norms of one or the other nation tends to be cumbersome and can lead to the slow development of new products and, therefore, their lower introduction to the market.
Durability and Performance Concerns
Some of the problems, which are still under serious consideration include the working conditions of brake parts and their capacity to withstand harsh conditions. Motorcycles and scooters are exposed to a lot of different and harsh riding conditions like riding on wet, dusty and rough roads. It is critical to accomplish the brake parts' superior performance under these conditions at all times, which is only achievable through continuous innovation and testing. Customers want to receive products that will possess high durability and reliability levels and this is a bumpy and costly affair for producers to make such material or designs.
Supply Chain Disruptions
The brake parts industry, like every other industry out there, is equally very susceptible to threats that come from supply chain networks. Problems such as political instability, trade barriers, and social problems such as shortages can significantly influence the manufacturing of the brake parts and their availability. These disruptions can lead to certain challenges such as slow production, increased production costs and challenges in meeting the market demand for advanced brake systems. They must develop effective and sustainable supply chain management strategies and seek alternative sources of supply in order to mitigate the shocks of the risks to availability of material and components.
Key Market Trends
Integration of Electronic Components
Integration of electronic components with braking systems is a key trend in the Global Two-Wheeler Brake Components Market. Intelligent braking systems using sensors and electronic control units (ECUs) for improvement of braking efficiency and safety are gaining popularity. Such systems can provide functionalities like automatic braking, traction control, and real-time monitoring of brake performance. The transition to electronic integration is propelled by the need for increased safety standards and increasing use of connected and autonomous vehicle technologies.
Adoption of Lightweight Materials
The use of lightweight materials in brake parts is also another major trend. Companies are researching high-strength alloys, composite materials, and advanced ceramics to minimize brake system weight without sacrificing performance and safety. Lighter brake parts are part of overall vehicle weight reduction that enhances fuel consumption efficiency and handling. This trend is in line with the overall industry push for more energy-efficient and environmentally friendly cars.
Development of Regenerative Braking Systems
The growth in electric two-wheelers is leading the way in developing regenerative braking systems. Regenerative braking enables electric vehicles to recover kinetic energy and return it as stored electrical energy while braking, thus making them more energy-efficient and battery life longer. The technology necessitates brake components that have specialized capabilities for supporting the twin functionality of conventional braking and energy recuperation. As electric two-wheeler adoption increases, the market for regenerative braking systems and components will see tremendous growth.
Emphasis on Modular Design and Customization
Modular design and customization are emerging as major trends within the brake parts market. Companies are supplying modular brake systems that are simple to customize and upgrade in line with particular vehicle specifications and customer needs. This facilitates higher design and application flexibility to suit the varied needs of various two-wheeler models and market segments. Customization and modularization of brake parts make them more attractive to manufacturers and consumers, pushing the market further.
Segmental Insights
Product Type Insights
Out of brake shoes, brake pad, and brake calipers, the brake pad segment is slowly taking over the Global Two-Wheeler Brake Components Market. This dominance is due to various reasons that make brake pads to be most in demand in the market as well as with manufacturers.
The brake pad segment can be termed as dominating because of the extensive use in the disc brake system that is being used more and more in the two-wheelers of today. Disc brakes employing brake pads are superior to drum brakes employing brake shoes in several ways as far as the braking performance is concerned. They provide better heat dissipation, less wear and the ability to have a consistent brake on different conditions. Therefore, shift from the traditional drum brakes to disc brakes has significantly put pressure on manufacturers of brake pad.
There is another significant variable concerning the brake pad segment which is the rise in awareness regarding the safety of automobiles. As they are part of the disc braking system, brake pads minimize the stopping distance to bring the vehicle to a stop and improves safety. With more automobile companies opting for utilizing even better braking systems like the Anti-lock Braking Systems (ABS) that primarily utilize the disc brakes the demand for good quality brake pads is likely to rise even greater. Multiple governments and regulatory bodies in different regions are imposing increased safety features that force manufacturers to include disc brakes and consequently, brake pads in two-wheelers.
The improved technology on the nature of the brake pad material has also helped in maintaining its market superiority. The materials of the brake pads in today's cars are composites, ceramics, and better performing materials that enhance durability, heat stability, and its ability to gradually offer the cars effective brake utilities. They do not just boost the durability of brake pads but also boost consistent performance irrespective of the type of riding one is engaged in. This keeps them constantly in the appropriate standards of manufacturers and users and thus makes them to be the best for consumption.
In addition, a growing use of sport and high-performance motorcycles has also increased the demand to utilize brake pads. Such motorcycles because of their speed and agile handling require proper braking so as to ensure the safety of the rider. Quieter and more efficient brake pads in terms of stopping power are part of these improved brake systems. Therefore, with the demand for sport motorcycles and the two premium wheelers growing, there will be a demand for quality and better brake pads.
Regional Insights
Among the driving forces that can be identified in contributing to Asia Pacific dominance is the overwhelmingly high levels of volume production and sales of two-wheelers in countries such as China, India, Indonesia, Vietnam, and Thailand. Together they are home to a substantial portion of the global population that own two-wheelers. Motorcycles and scooters are in high demand in these populous countries due to factors such as cost, fuel consumption, and the ability to maneuver through congested traffic is attributed to these modes of transport.
The conflict of interest also influences the domination of the Asia-Pacific country by economical characteristic. The increase in gross domestic product and therefore personal disposable income in emerging economies has resulted in a larger population of middle income earners who have to travel long distances and have opted for own transport particularly motorcycles. This economic upliftment has led to the improvement of purchaser power and hence, more consumer have inclined to purchase new and sophisticated models with modern braking system. Traditionally, the greatest demand has been for brake components of the highest grade, which has had a significant impact on the growth of this market in the region.
Also, the Asia-Pacific industry is backed up by the presence of prominent two-wheeler producers. The
Another significant factor that has bolstered the region dominance is the supportive regulatory framework and governing guidelines propagated to encourage the adoption and usage of two-wheeler vehicles. It is notable that the majority of governments in the Asia-Pacific region have made policies and incentives that support pro-two-wheeler and particularly electric motorcycles and scooters. For example, subsidies, tax credits, and funding for charging infrastructure for electric two-wheelers effectively contributed and increased the market demand of brake components.
Recent Developments
- In 2023, Brembo, an Italian automotive and brake components manufacturer, launched a new generation of braking systems designed for electric two-wheelers. These systems focus on recovering braking energy and utilizing lightweight frames to improve energy efficiency. This innovation is aimed at addressing the growing demand for electric mobility.
- In 2024, Bosch introduced a new line of smart braking systems featuring advanced electronic control units and sensors. These systems include features such as automatic emergency braking, traction control, and real-time performance monitoring, catering to the increasing need for enhanced safety and connectivity in vehicles.
- Nissin Brake, a well-known brake components producer, announced its strategy to expand into emerging markets in 2023. The company established new plants in Southeast Asia to meet the rising demand for two-wheeler brake components. This strategic move is expected to strengthen Nissin Brake's market position and boost its share in these growing regions.
Key Market Players
- Hitachi Astemo, Ltd.
- Nuova FourB S.r.l.
- UNO Minda Limited
- Faurecia SE
- Endurance Technologies Limited
- Akebono Brake Industry Co., Ltd.
- Continental AG
- Robert Bosch GmbH
- Huaihai Holding Group
- ZF Friedrichshafen AG
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