|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 1.30 Billion
|
|
CAGR (2025-2030)
|
8.67%
|
|
Fastest Growing Segment
|
Motorcycle
|
|
Largest Market
|
North
|
|
Market Size (2030)
|
USD 2.15 Billion
|
Market Overview
India Two Wheeler Brake System Market has valued at
USD 1.30 Billion in 2024 and is anticipated to project robust growth in the
forecast period with a CAGR of 8.67% throughout 2030. The two-wheeler brake system market in
India has been witnessing a significant growth trajectory, driven by the
increasing sales of motorcycles and scooters. This surge is fueled by several
factors, including the rising disposable income of individuals, the rapid pace
of urbanization, and an expanding youthful demographic that favors two-wheelers
for their unmatched convenience and affordability. Stringent
safety standards and regulations have played a crucial role in driving the
advancement of braking system technologies in the Indian two-wheeler market.
For instance, the mandatory implementation of Anti-lock Braking System (ABS) in
two-wheelers has not only enhanced safety but also raised the bar for braking
system performance. This has led to increased confidence among riders, knowing
that their braking systems are equipped with advanced technology to prevent
accidents and ensure better control. However, the market still faces a few
challenges that need to be addressed. One of the key challenges is the high
replacement costs associated with advanced braking systems, which may deter
some consumers from opting for these technologies.
Manufacturers and industry
players are actively working on reducing costs and making these systems more
affordable, without compromising on safety and performance. There is a lack of awareness about the benefits and features of advanced braking
systems among the rural population, limiting their adoption in these areas.
Efforts are being made to educate and create awareness about the importance of
advanced braking systems, emphasizing their role in preventing accidents and
ensuring a safer riding experience. Despite these hurdles, the future of the
Indian two-wheeler brake system market looks promising, with ample
opportunities for both domestic and international players. The growing demand
for motorcycles and scooters, coupled with the increasing emphasis on safety,
creates a favorable environment for the continued growth and innovation in this
sector. Market players are continually investing in research and development to
introduce new technologies and improve the overall performance and efficiency
of two-wheeler braking systems. With the ongoing advancements in technology and
the increasing focus on safety, the Indian two-wheeler brake system market is
poised for sustained growth and evolution. The industry is expected to witness
the introduction of innovative braking solutions, including smart braking
systems and regenerative braking technologies, to further enhance efficiency
and rider safety. This opens up new possibilities for collaborations and
partnerships, making the market an exciting space for stakeholders to explore and
thrive.
Key Market Drivers
Rapid Growth in Two-Wheeler Sales
India is one of the largest markets for
two-wheelers globally, with motorcycles and scooters being the preferred mode
of personal transportation. The country's growing population, urbanization, and
increasing disposable incomes have led to a surge in two-wheeler sales. The data shows that two-wheeler domestic sales in India saw a 16.17% year-over-year (YoY) growth in December 2023, but a significant 24.97% month-over-month (MoM) decline. Most major two-wheeler manufacturers experienced both YoY growth and MoM decline in their domestic sales. On the export front, the overall two-wheeler exports grew 5.69% YoY and 1.78% in December 2023.This
substantial market demand for motorcycles and scooters directly impacts the Two
Wheeler Brake System Market. As the number of two-wheelers on the road
continues to rise, there is a parallel need for reliable and efficient brake
systems to ensure rider safety and compliance with regulatory standards.
Mandatory Regulatory Standards
The Indian government has implemented stringent
regulations regarding vehicle safety, including the quality and performance of
braking systems. Regulations such as Bharat Stage (BS) emission standards and
safety norms issued by the Automotive Research Association of India (ARAI) have
placed significant emphasis on brake system performance and safety features. India has finalized the fourth stage of emission standards for motorized two-wheeled vehicles, the Bharat Stage (BS) IV. These standards tighten HC+NOX emission limits by 23%-60%, depending on the motorcycle category. They also adopt the Worldwide Harmonized Motorcycle Test Cycle (WMTC) as mandatory, establish the first evaporative emission standards for two-wheelers, and prohibit crankcase emissions from BS IV motorcycles. Manufacturers are required to adhere to these standards to ensure that their
two-wheelers meet the requisite safety criteria. As a result, the demand for
compliant brake systems that meet these standards is a driving force in the
market.
Focus on Rider Safety
Rider safety is a paramount concern in the Indian
two-wheeler market. With the increasing number of road accidents and the
vulnerability of two-wheeler riders, there is a growing awareness of the need
for enhanced safety features. Braking systems play a crucial role in accident
prevention and rider protection. Consumers are increasingly seeking
two-wheelers equipped with advanced braking technologies, such as anti-lock
braking systems (ABS) and combined braking systems (CBS), which enhance control
and reduce the risk of skidding during sudden braking. This focus on rider
safety is driving the demand for advanced brake systems. For Instance, the growing importance of safety features in the two-wheeler market in India, which is the largest market for two-wheelers globally. It highlights the shift towards prioritizing safety, with the mandatory implementation of technologies like Antilock Braking System (ABS), Traction Control System, and Advanced Rider Assistance Systems (ARAS). The potential of future technologies, such as V2X communication and autonomous riding systems, to further enhance two-wheeler safety and reduce accidents on the roads, contributes to market expansion.
Technological Advancements
The Two Wheeler Brake System Market is witnessing
significant technological advancements. Manufacturers are continuously
innovating to enhance the performance and safety of brake systems. These
innovations include the introduction of ABS, CBS, and electronic braking
systems (EBS) in two-wheelers. These advanced systems provide riders with
improved control and stability during braking, particularly on slippery
surfaces or in emergency situations. As technology continues to evolve, it
further stimulates demand for upgraded brake systems.
Consumer Awareness and Preferences
Consumer awareness about safety features and the
impact of braking systems on overall rider safety has grown significantly.
Buyers are increasingly informed and inclined to choose two-wheelers equipped
with superior braking systems. This shift in consumer preferences is compelling
manufacturers to invest in advanced brake technologies to meet market demand
and gain a competitive edge. As consumers become more discerning, the market
responds by offering safer and more reliable brake systems.
Customization and Aftermarket Demand
The Two Wheeler Brake System Market also benefits
from customization and the aftermarket segment. Riders often seek to customize
their two-wheelers with high-performance or specialized brake components, such
as brake pads, rotors, and calipers. This trend has led to a thriving
aftermarket segment where riders can purchase and install upgraded brake
systems to enhance their two-wheeler's braking performance. The availability of
aftermarket products contributes to the diversity and versatility of brake
systems in the market.
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Key Market Challenges
Adherence to Stringent Emission Standards
One of the foremost challenges in the Two Wheeler
Brake System Market in India is the need to comply with stringent emission
standards. The Indian government has implemented Bharat Stage (BS) emission
norms to address air pollution concerns. While these norms primarily focus on
emissions from the engine, they indirectly impact brake systems. Manufacturers
must develop brake materials and components that meet emission standards,
particularly for disc brakes that generate particulate matter due to wear and
tear. Meeting these standards while maintaining braking efficiency and safety
is a complex challenge.
Balancing Safety and Cost-Efficiency
Rider safety is a paramount concern in the
two-wheeler market, and braking systems are integral to safety. While the
demand for advanced braking technologies like anti-lock braking systems (ABS)
and combined braking systems (CBS) is on the rise, cost-efficiency remains a
significant challenge. Striking a balance between incorporating safety features
and keeping two-wheelers affordable for the majority of consumers is a complex
challenge. Manufacturers must invest in research and development to make advanced
brake systems more cost-effective without compromising safety.
Diversity of Two-Wheeler Types
The Indian two-wheeler market is incredibly
diverse, featuring a wide range of motorcycles, scooters, and mopeds with
varying sizes, performance capabilities, and usage patterns. This diversity
poses challenges for brake system manufacturers who must develop components
suitable for different types of two-wheelers. Components that work for a
powerful motorcycle may not be suitable for a lightweight scooter. Therefore,
manufacturers face the challenge of designing brake systems that cater to the
diverse needs of this market.
Maintenance and Aftermarket Services
Maintenance and aftermarket services are crucial
aspects of the Two Wheeler Brake System Market. Ensuring that two-wheeler
owners have access to high-quality, affordable brake system components and
services is a challenge. The market must provide a reliable supply of brake
pads, brake fluids, and other components to cater to routine maintenance and
replacements. Ensuring the authenticity of these components to maintain safety
standards is another aspect of this challenge.
Technological Limitations and Integration
While technological advancements have introduced
ABS and CBS in the Indian two-wheeler market, not all models are equipped with
these systems. Additionally, the integration of these technologies across the
entire market remains a challenge. Manufacturers must overcome technological
limitations to make advanced braking systems accessible to a broader range of
two-wheeler models. This entails not only developing cost-effective technology
but also ensuring that mechanics and technicians are trained to maintain and
repair these systems.
Economic Factors and Market Competition
The economic landscape of India, including factors
like inflation, exchange rates, and market competition, poses challenges to the
Two Wheeler Brake System Market. Exchange rate fluctuations can impact the cost
of importing raw materials and components, which, in turn, affects the pricing
of brake systems. Market competition is intense, and manufacturers must
navigate price wars while maintaining product quality and safety. Striving for
profitability in such a competitive environment is a constant challenge.
Key Market Trends
Adoption of Advanced Braking Technologies
A significant trend in the India Two Wheeler Brake
System Market is the increasing adoption of advanced braking technologies,
including Anti-Lock Braking Systems (ABS) and Combined Braking Systems (CBS).
These technologies enhance rider safety by improving control during braking and
reducing the risk of skidding. ABS, in particular, has gained prominence due to
its ability to prevent wheel lockup, especially on slippery surfaces.
Regulatory changes mandating the inclusion of ABS and CBS in certain categories
of two-wheelers have accelerated their adoption.
Regulatory Compliance and Safety Standards
The Indian government has been proactive in
introducing safety regulations for two-wheelers. Regulatory authorities, such
as the Automotive Research Association of India (ARAI), have established safety
standards that two-wheelers must meet. This includes safety criteria related to
braking performance. Manufacturers are compelled to ensure that their brake
systems comply with these safety standards. The introduction of Bharat Stage
(BS) emission standards also indirectly impacts brake systems as manufacturers
strive to meet emission requirements while maintaining safety and braking
efficiency.
Rise in Consumer Awareness
There is a notable increase in consumer awareness
regarding the importance of brake systems in two-wheelers. Riders are more
informed and discerning about the safety features of their vehicles, which
include braking systems. This trend has led to a growing preference for
two-wheelers equipped with advanced and reliable brake systems. Consumers
understand the impact of braking technology on overall rider safety, leading
them to seek out models with superior braking capabilities.
Customization and Aftermarket Demand
Customization has become a significant trend in the
India Two Wheeler Brake System Market. Riders often seek to upgrade and
personalize their two-wheelers with high-performance brake components, such as
brake pads, rotors, and calipers. This trend has given rise to a thriving
aftermarket segment where riders can purchase and install upgraded brake
systems. Aftermarket products cater to the diverse preferences of riders,
offering them the flexibility to enhance their two-wheeler's braking
performance to their liking.
Integration of IoT and Telematics
Technology has made significant inroads into the
Two Wheeler Brake System Market. The integration of the Internet of Things
(IoT) and telematics systems is enabling real-time monitoring of braking
systems. This technology allows manufacturers, riders, and technicians to
assess brake system performance, wear and tear, and operational efficiency.
Data analytics and predictive maintenance are becoming integral to brake system
maintenance and safety, ensuring that braking components remain in optimal
working condition.
Innovations in Material Science
Material science is driving innovations in brake
system components. Manufacturers are continually researching and developing
advanced materials for brake pads, rotors, and other critical parts. These
innovations focus on improving heat dissipation, reducing wear, and enhancing
overall braking performance. Advancements in material science contribute to
longer-lasting and more efficient brake systems, meeting the demands of riders
and regulatory authorities alike.
Segmental Insights
Vehicle Type Insights
The Indian Two-Wheeler Brake System market is a
highly dynamic and rapidly evolving landscape, characterized by a diverse range
of vehicle types. Motorcycles, known for their efficient performance, agility,
and versatility, continue to dominate this market, catering to the diverse
needs of daily commuters, adventure seekers, and long-distance travelers alike.
With their sleek designs and powerful engines, motorcycles have become a symbol
of freedom and excitement on the Indian roads.
In addition to motorcycles, scooters have gained
significant traction in the Indian market. These compact and nimble
two-wheelers offer a convenient and economical mode of transportation,
particularly for short-distance travel within busy urban areas. Scooters have
become increasingly popular among students, office-goers, and individuals
seeking a hassle-free commute. There is a notable shift towards electric
mobility in India, driven by the growing emphasis on environmental
sustainability and the government's incentives to promote cleaner
transportation options. The segment for electric bikes is experiencing
remarkable growth, as consumers are embracing the idea of greener and more
sustainable modes of transport. Electric bikes not only provide an eco-friendly
alternative but also offer the benefits of reduced noise pollution and lower
operating costs. As the Indian Two-Wheeler Brake System market
continues to evolve, the specific requirements for brake systems in each
vehicle type vary significantly. Motorcycles demand robust braking systems to
ensure precise control and reliable stopping power, especially during
high-speed maneuvers. Scooters, on the other hand, require responsive and
efficient braking mechanisms that complement their lightweight design and urban
usage patterns. Electric bikes, with their unique characteristics, necessitate
advanced regenerative braking systems to maximize energy efficiency and range. In this dynamic and ever-changing market landscape,
constant innovation and adaptation are crucial for brake system manufacturers
and suppliers. They must keep up with the evolving needs and preferences of
consumers, while also adhering to stringent safety standards and regulations.
By staying at the forefront of technological advancements and collaborating
closely with vehicle manufacturers, the Indian Two-Wheeler Brake System
industry can continue to thrive and contribute to the growth of the overall two-wheeler
market in the country.
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Regional Insights
The Indian Two-Wheeler Brake System market has been
experiencing robust growth and the northern region of India has emerged as a dominating segment driven by the increasing sales of two-wheelers, fueled by the expanding middle-class
population, have significantly contributed to the market's expansion. Moreover,
continuous improvements in road infrastructure and the ongoing process of
urbanization have further bolstered this growth trend. In addition to these factors, the government's
enforcement of stringent safety regulations has played a crucial role in
driving the demand for advanced braking systems in two-wheelers. These
regulations mandate the use of cutting-edge braking technologies, ensuring the
safety of riders and passengers alike. As a result, the market has witnessed a
surge in the adoption of advanced brake systems, leading to further growth
opportunities. Despite the positive trajectory, the
market also faces certain challenges. One such challenge is the high cost
associated with advanced brake systems. The implementation of sophisticated
technologies in braking systems increases their production cost, which can pose
a financial burden for both manufacturers and consumers. Furthermore, the
market still grapples with the presence of unorganized players, which can
hinder the overall growth and stability of the industry.
Recent Developments
- In 2024, Brakes India, an Indian braking systems manufacturer, has formed a joint venture with ADVICS, a premium brake system supplier from Japan's AISIN Group, to focus on the Indian light vehicle market. The partnership aims to combine Brakes India's localization capabilities and customer connections with ADVICS's advanced global technology and quality systems to meet the growing demand for advanced braking systems in India, particularly for hybrid and electric vehicles, as well as autonomous driving features.
- In 2024, The Okaya EV brand, Ferrato, has launched its high-performance electric motorcycle, the Disruptor. The Disruptor combines exceptional performance, futuristic design, and cutting-edge technology, setting a new standard in the EV bike segment. The Disruptor is equipped with advanced features, including disc brakes, alloy wheels, and a digital-hybrid display, enhancing control, stability, and convenience. Additionally, it offers Bluetooth and GPS connectivity, geo-fencing, and Find My Vehicle functionality, seamlessly integrating with modern lifestyles.
Key Market Players
- Endurance Technologies Limited
- Rico Auto
Industries Ltd.
- ASK
Automotive Ltd.
- Brembo
Brake India Pvt. Ltd.
- Nissin
Brake India Pvt. Ltd.
- Allied
Nippon Ltd.
- Masu
Brakes Private Limited
- Kiran
Udyog Pvt. Ltd.
- Brakes India Private Limited
- Rane Brake Lining Limited
|
By Vehicle
Type
|
By Capacity
|
By Brake
Type
|
By Demand
Category
|
By Region
|
- Motorcycle
- Scooter
& Moped
|
- <100 cc
- 101-125 cc
- 126-150 cc
- 151-200 cc
- >200 cc
|
|
|
|
Report Scope:
In this report, the India Two Wheeler Brake System
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- Two Wheeler Brake System Market, By Vehicle Type:
o Motorcycle
o Scooter & Moped
- Two Wheeler Brake System Market, By Capacity:
o <100 cc
o 101-125 cc
o 126-150 cc
o 151-200 cc
o >200 cc
- Two Wheeler Brake System Market, By Brake Type:
o Disc
o Drum
- Two Wheeler Brake System Market, By Demand Category:
o OEM
o Aftermarket
- Two Wheeler Brake System Market, By Region:
o North
o East
o West
o South
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India Two
Wheeler Brake System Market.
Available Customizations:
India Two Wheeler Brake System Market report
with the given market data, Tech Sci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
India Two Wheeler Brake System Market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]