Market Size of Two-wheeler Anti-lock Braking System Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Two Wheeler Anti Lock Braking System Market Analysis
The global two-wheeler ABS market is anticipated to register a CAGR of about 9% during the forecast period (2020 - 2025).
- According to the Insurance Institute for Highway Safety (IIHS), fatal crashes can be reduced by 31% for motorcycles equipped with optional ABS compared to those same models without ABS.
- Increasing road traffic and congestion, the low maintenance cost of bikes, people's willingness to buy 2 wheelers are some of the factors which are driving the global 2-wheeler ABS market.
- The governments are imposing strict regulations for reductions in fatalities during road accidents, for instance, the European Union parliament mandated anti-lock braking systems as the standard equipment in motorcycles built from 2016. The Insurance Institute of Highway Safety reported that 8.9% of registered motorcycles were required to have anti-lock brake systems in 2017. This number increased steadily since 2002 when anti-lock brake technology was considered a standard form of equipment on only 0.2% of motorcycles.
- The modern electronics of brake systems offer motorcyclists more safety, and on onus with that make driving much more comfortable. Some of the other benefits of ABS are provided stable braking characteristics on all road surfaces, maintains steerability, and reduces the braking distance, which reduces tire wear and tear.
