PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1765095
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1765095
Global Motorcycle Anti-Lock Braking Systems Market to Reach US$139.6 Billion by 2030
The global market for Motorcycle Anti-Lock Braking Systems estimated at US$22.6 Billion in the year 2024, is expected to reach US$139.6 Billion by 2030, growing at a CAGR of 35.4% over the analysis period 2024-2030. Dual-Channel ABS, one of the segments analyzed in the report, is expected to record a 36.9% CAGR and reach US$105.0 Billion by the end of the analysis period. Growth in the Single-Channel ABS segment is estimated at 31.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$7.0 Billion While China is Forecast to Grow at 32.8% CAGR
The Motorcycle Anti-Lock Braking Systems market in the U.S. is estimated at US$7.0 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$18.8 Billion by the year 2030 trailing a CAGR of 32.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 31.7% and 29.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 23.0% CAGR.
Global Motorcycle Anti-Lock Braking Systems Market - Key Trends & Drivers Summarized
What Are Motorcycle Anti-Lock Braking Systems (ABS) and How Do They Prevent Accidents?
Motorcycle Anti-Lock Braking Systems (ABS) are critical safety features designed to prevent the wheels of a motorcycle from locking up during an emergency stop, thereby maintaining tractive contact with the road surface and allowing the rider to maintain control over steering. ABS works by automatically controlling the brake pressure during an abrupt stop, reducing the braking distance and helping to avoid skidding. This system is especially crucial on wet or slippery roads where the risk of losing control is higher. As motorcycles are inherently less stable than four-wheeled vehicles, ABS plays a significant role in enhancing rider safety, making it an essential component in modern motorcycle manufacturing.
How Is Technology Advancing Motorcycle ABS?
The advancement in electronics and sensor technology has significantly improved the effectiveness and reliability of motorcycle ABS. Modern systems are equipped with more precise sensors and faster microcontrollers that provide real-time data processing to make immediate adjustments to brake pressure. These technological improvements have led to the development of smaller, lighter, and more efficient ABS units, which are easier to integrate into a variety of motorcycle models without impacting performance or aesthetics. Additionally, the integration of ABS with other motorcycle stability systems is a growing trend, providing a comprehensive safety net for riders.
What Trends Influence the Global Adoption of Motorcycle ABS?
Increasing global awareness of motorcycle safety, coupled with stringent safety regulations in many countries, is driving the adoption of ABS technology. In regions like Europe and parts of Asia, the installation of ABS is mandated for all new motorcycles above a certain engine size, a move aimed at reducing the high rate of motorcycle accidents. The consumer demand for safer motorcycles is also influencing manufacturers to voluntarily include ABS even in markets where it is not yet mandated. Furthermore, the growing popularity of motorcycling as a recreational activity in emerging markets is boosting demand for motorcycles equipped with advanced safety features, including ABS.
What Drives the Growth in the Motorcycle ABS Market?
The growth in the motorcycle ABS market is driven by several factors. Increasing safety regulations and a growing awareness among consumers about the benefits of ABS are primary catalysts. As road safety becomes a higher priority globally, governments are more likely to implement regulations that promote the adoption of safety-enhancing technologies. Technological advancements that have made ABS more accessible and cost-effective are also critical, as they allow smaller and mid-sized motorcycles, which constitute a significant market segment in emerging economies, to be equipped with ABS. Additionally, insurance companies often offer lower premiums for motorcycles equipped with safety features like ABS, encouraging manufacturers to integrate these systems into their models.
SCOPE OF STUDY:
The report analyzes the Motorcycle Anti-Lock Braking Systems market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Segment (Dual-Channel ABS, Single-Channel ABS)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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