Motorcycle Antilock Braking System (ABS) Market Size, Share, Growth, And Industry Analysis, By Type (Large Displacement, Small Displacement), By Application (Commercial Use, Residential Use), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

Motorcycle Antilock Braking System (ABS) Market Report Overview

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global motorcycle antilock braking system (ABS) market size was USD 1230 million in 2021 and market is projected to touch USD 9469.76 million by 2032 at CAGR 20.2% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with land-based aquaculture experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The motorcycle antilock braking system (ABS) is a safety feature designed to prevent the wheels of a motorcycle from locking up during heavy braking, thereby reducing the risk of skidding and loss of control. ABS operates by using sensors to monitor the wheel speed individually. When the system detects that a wheel is about to lock up, it automatically modulates the brake pressure to that specific wheel, releasing and reapplying the brake rapidly. This pulsing action maintains traction between the tires and the road, allowing the rider to maintain steering control and stability during emergency braking situations or on slippery surfaces. The benefits of Motorcycle ABS are significant. Firstly, it enhances the rider's ability to maintain control and stability, reducing the likelihood of accidents caused by skidding or flipping over due to sudden braking. Secondly, ABS increases overall braking efficiency, allowing the rider to brake harder and stop in a shorter distance, which is particularly crucial in hazardous situations.

The global Motorcycle Antilock Braking System (ABS) market has been witnessing steady growth over the past few years. The rising demand for improved safety features in motorcycles, coupled with increasing awareness about road safety among consumers, has been a key driver for the market. Additionally, stringent government regulations mandating the installation of ABS in motorcycles in many countries have further fueled the market growth.

COVID-19 Impact: Lockdown Caused Restrictions on Mobility Hampered the Market Growth

The COVID-19 pandemic had a significant impact on the global motorcycle industry, including the Motorcycle Antilock Braking System market. During the initial phase of the pandemic, lockdowns and restrictions on mobility resulted in a decline in motorcycle sales. However, as countries eased restrictions and economic activities resumed, the motorcycle market witnessed a gradual recovery. The demand for ABS-equipped motorcycles remained resilient during the pandemic as consumers prioritized safety features.

Latest Trends

"Integration of Advanced Sensors for Improved Performance to Boost the Market Development."

Motorcycle manufacturers are increasingly focusing on incorporating advanced sensor technologies to make ABS more efficient and responsive. These sensors can detect sudden changes in road conditions, wheel speed, and braking pressure, enabling the ABS system to adjust braking force in real-time, ensuring better stability and control during emergency braking situations. The adoption of advanced sensor technologies is anticipated to further boost the demand for ABS in motorcycles.

Motorcycle Antilock Braking System (ABS) Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Large Displacement, Small Displacement. Large Displacement being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into Commericial Use, Residential Use. Commericial Use being the leading segment of the market by application analysis.

Driving Factors

"Growing Concerns for Road Safety to Drive the Market Growth"

The increasing number of road accidents and fatalities has raised concerns about road safety, prompting governments and regulatory bodies to enforce stringent safety regulations for vehicles, including motorcycles. The installation of ABS in motorcycles has been mandated in several countries as it helps prevent wheel lock-up during sudden braking, reducing the risk of skidding and potential accidents. As consumers become more safety-conscious, the demand for ABS-equipped motorcycles is expected to surge, driving the growth of the Motorcycle ABS market.

"Rising Motorcycle Sales and Production to Drive the Market Development"

The global motorcycle market has been witnessing steady growth due to factors such as rapid urbanization, increasing disposable incomes, and the convenience of two-wheelers for daily commuting. As the motorcycle market expands, the demand for ABS-equipped motorcycles is also increasing. Motorcycle manufacturers are actively incorporating ABS in their product offerings to cater to the growing consumer demand for safer vehicles. This rise in motorcycle sales and production is a significant driver for the Motorcycle ABS market.

Restraining Factors

"High Initial Cost of ABS to Impede the Market Growth"

The inclusion of ABS adds to the manufacturing cost of motorcycles, making ABS-equipped motorcycles more expensive than their non-ABS counterparts. In price-sensitive markets, this cost difference can deter price-conscious consumers from opting for ABS-equipped motorcycles. Motorcycle manufacturers and industry stakeholders need to address this challenge by finding ways to reduce the cost of ABS technology or offer more affordable ABS options.

Motorcycle Antilock Braking System (ABS) Market Regional Insights

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"Presence Of a Large Motorcycle-Enthusiast Population in North America to Bolster the Market Development"

The North American Motorcycle ABS market has been witnessing steady growth over the past few years, and several factors contribute to this positive trend. One of the primary drivers of growth in this region is the presence of a large motorcycle-enthusiast population. North America has a rich motorcycle culture, with millions of enthusiasts who actively participate in recreational riding, motorcycle events, and clubs. This strong passion for motorcycling has translated into a higher demand for safer and more advanced motorcycles, with ABS being a crucial safety feature sought by these enthusiasts. Moreover, stringent safety regulations imposed by governments and regulatory bodies have played a significant role in boosting the adoption of ABS in motorcycles. The United States, for example, has implemented safety standards that mandate the use of ABS in certain motorcycle categories. These regulations have created a conducive environment for motorcycle manufacturers to equip their products with ABS, further driving the market growth.

The Asia-Pacific region has emerged as the largest and fastest-growing market for motorcycles and Motorcycle ABS, presenting immense opportunities for market players. Countries like India, China, and several Southeast Asian nations have a massive motorcycle user base, primarily driven by factors such as rapid urbanization, increasing disposable incomes, and the need for affordable transportation solutions. The region's burgeoning urban population has led to a surge in demand for motorcycles as a convenient mode of transportation, especially for daily commuting in congested cities. The rising disposable incomes in emerging economies have also contributed to the growth of the middle-class population, leading to increased purchasing power and higher consumer spending on motorcycles. As more consumers in the Asia-Pacific region own motorcycles, the demand for safety features like ABS has witnessed substantial growth.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Bosch (Germany)
• Continental (Germany)
• Knorr-Bremse (Germany)
• Hitachi (Japan)
• NXP (Netherlands)
• Honda (Japan)
• BMW (Germany)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.