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Motorcycle brake suppliers are looking at ABS legislation to increase their dollar content per vehicle.The ABS legislation for two- wheelers in India which came into effect in April 2019 will be the biggest growth driver for motorcycle brakes market in Asia as well as globally. To know more about Motorcycle ABS market in India, read our report.
Since motorcyles/scooters in Asia are predominantly used for commuting to work and other intracity usage, the share of 50-125cc bikes in total sales is more than 85%. These vehicles either have dual drum brake setup or just a front disc with rear drum.
The Indian market is dominated by utilitarian 100cc motorcycles and scooters. The motorcycles are popular in tier-3 cities and rural areas, whereas gear-less scooters enjoy strong following in urban areas.The automatic/gearless scooters,powered by a small 100-125cc engines, predominantly have front-rear drum brake setup.
The motorcycle brake market growth is closely related to new motorcycle sales, which has been growin at mid-single digits for past 5 years.
India is the world`s biggest two-wheeler market accounting for 37% global share in 2018 or 21 Million units. But in H1-2019 the Indian market has de-grown by 23%. The overall Indian economy has slowed down to various structural reforms in the economy and legislative reforms( ABS legislation, BS III to BS VI in two years etc).
There are 813 auto component suppliers in India and ~70% of them are Micro-small and Medium Enterprises (Revenue< $35Million). They have been adversely affected due to the prolonged slowdown
India motorcycle brakes market got a significant boost in July 2019, when the ABS legislation came into effect for >150cc motorcycles and scooters. It has allowed motorcycle brake manufacturers to increase their dollar content per vehicle.This is very significant because disc brake penetration in India is significantly lower than other Asian markets. In the fast growing(2013-2018) scooter segment , the disc brake penetration is even lower.
