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(Transportation-News.com, August 23, 2016 ) Technavio Announces the Publication of its Research Report Global Motorcycle Anti-Lock Braking System (ABS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global motorcycle anti-lock braking system (ABS) market: Bosch, BWI, Continental, Honda, and ZF TRW.
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Commenting on the report, an analyst from Technavios team said: The shifting anti-lock braking system from accessories to standard fitting will be a key trend for market growth. Continuous evolution is the key for maximum adoption of any technology, and the same applies to the motorcycle ABS market too. For instance, motorcycle ABS was first developed by BMW for K100 model in 1988, and other OEMs like Honda and Suzuki followed the trend. Bosch is the leading vendor in the motorcycle ABS market, and has continuously strived to develop ABS, which will have adoption in maximum segments of motorcycles. Their journey started in 1995, when Bosch developed ABS, named generation 2L1 that weighed 9.92 pounds. However, this ABS and series of next versions of ABS were based on the model from the automobile industry, and this kept the weight of the unit heavy. Therefore, factors like high cost, large size, and heavy weight kept the ABS adoption limited to select premium motorcycle models and that too as accessories.”
According to the report, one of the key drivers for market growth will be rapid electrification of mechanical components leading to increased electronic contents in motorcycles. The worldwide demand for powered motorcycles is on the rise. The development of one component brings forth other components, which increases the efficiency and riding experience for the rider. This demand is enabling the rapid electrification of mechanical components and driving the adoption of infotainment systems in motorcycles.
Further, the report states that frugal innovation of anti-lock braking system through mechanical system will be a challenge for the market. India, known for its frugal innovation in many fields, developed the ABS through mechanical system, popularly known as mechanical ABS. This ABS is not as effective as electronic ABS, but it ensures that the wheel of the motorcycle is always in rolling condition. Also, it can be fitted on the motorcycles having both mechanical and hydraulic braking systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Global Motorcycle Industry
The global motorcycle industry has two segments one consisting of high-performance motorcycles (considered as a luxury) and the other consisting of two-wheelers used for commuting. Both these segments operate under contrast market dynamics and have different customer behavior and value chain. The premium segment is witnessing steady growth owing to the growing culture of touring motorcycling in mature markets such as the US, Japan, and Western Europe.
Technavios analysts forecast the global motorcycle anti-lock braking system (ABS) market to grow at a CAGR of 29.62% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle anti-lock braking system (ABS) market for 2016-2020. To calculate the market size, the report considers the unit shipment of motorcycle ABS across all regions.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Motorcycle Anti-Lock Braking System (ABS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
info@marketreportscenter.com
Market Reports Center
Sam Collins
1-646-883-3044
sam@marketreportscenter.com
Source: EmailWire.Com 
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