Overview of the global motorcycle brake by wire (BBW) system market

Technavio's market research report predicts that the global motorcycle brake by wire (BBW) system market will witness impressive growth and in terms of units, will post a CAGR of more than 45% during the forecast period. The cost advantages of BBW technology for the end-user and original equipment manufacturers (OEMs) will be one of the primary drivers for market growth. The BBW technology eliminates the mechanical linkages in vehicles thus lowering the overall cost of the vehicle as the electronic systems need lesser components compared to mechanical linkages. Mechanical components such as the steering column, intermediate shafts, pumps, hoses, vacuum servos, belts, coolers, and master cylinders are removed from the vehicle that is equipped with a BBW system. Moreover, these systems also lower the manufacturing costs and improve the vehicle ergonomics. Also, the system provides better fuel efficiency and economy by significantly lowering the emission levels. Furthermore, due to the absence of the traditional mechanical linkages, the wear and tear of the braking system is much lesser which in turn, lowers maintenance costs.

One of the latest trends that will gain traction in the global motorcycle BBW system market is the rapidly evolving motorcycle technology that will improve the efficiency of BBW systems. Connected motorcycle technology and the increase in electronification of the motorcycle components would improve the BBW systems by making them more integrated with systems such as anti-lock braking system (ABS), combined braking system (CBS), and motorcycle stability control (MSC). The rising focus on safety and the rise in demand to link the brake circuits for the effective distribution of the brake forces between the front and rear wheels have increased the need for adopting ABS systems and CBS systems.  One of the leading vendors Bosch, has already introduced a new system called MSC paired with the ABS that features a lean-angle sensor. This sensor measures the wheel speed as well as the lean and pitch angles to control brakes and acceleration effectually.

Competitive analysis and key vendors

The motorcycle BBW system market consists of few manufacturers and is characterized by rapid technological innovations. The investments in the development of new technologies in terms of size and weight are projected to continue over the next four years. The entry of new manufacturers is likely to intensify the level of competition among the existent players during the forecast period. 

Key vendors in the market are:

• Continental AG
• Bosch
• BWI group
• ZF TRW
• NXP Semiconductors

Other prominent vendors include Johnson Electric, ADVICS (Aisin Seiki), and Honda.

Segmentation by ABS type and analysis of the motorcycle BBW system market

• Single-channel
• Multiple-channel

During 2016, the multiple-channel ABS type segment dominated the motorcycle BBW system market. However, due to the affordability and compatibility and the rise in demand for single-channel ABS from developing countries such as India and China, the single-channel ABS segment will dominate the market by the end of the predicted period.

Geographical segmentation and analysis of the motorcycle BBW system market

• Americas
• APAC
• EMEA

In terms of geography, the Americas dominated the global motorcycle brake by wire system market during 2016. However, APAC is foreseen to lead the market during the forecast period due to factors such as the push from concerned authorities that increases the demand for ABS and the rising adoption of ABS systems in heavyweight motorcycles in countries such as Japan, Australia, and New Zealand.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global motorcycle brake by wire system market?
• What are the key market trends impacting the growth of the global motorcycle brake by wire system market?
• What are the challenges to market growth?
• Who are the key vendors in the global motorcycle brake by wire system market?
• What are the market opportunities and threats faced by the vendors in the global motorcycle brake by wire system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global motorcycle brake by wire system market?

Technavio also offers customization on reports based on specific client requirement.

Technavio's reports for the industry overlay an array of product markets including automotive components, wheels and tires and automotive manufacturing. In addition to providing insights on a varied range of parameters including the shift in customer behavior and major aspects driving the market growth, Technavio's reports also include detailed information on the prominent vendors, their forthcoming products and services, market size, and the competitive landscape.

By considering a combination of quantitative and qualitative data collection methods and by covering multiple elements including the rapidly growing demand for an array of products across geographical regions, market research analysts at Technavio define the automotive industry's growth prospects, which will support clients devise impactful business strategies. This upcoming industry report on the motorcycle BBW system market also considers the growth of resembling markets such as automotive skid plate market and automotive shocks and struts market, which are expected to project a CAGR of more than 17% and above 4% until 2021. According to our industry experts, increased electrification of mechanical components is leading to increased electronic content in motorcycles. This, in turn, is augmenting the growth of the BBW system market in the coming years.

The impending industry research report for the global motorcycle BBW system market also identifies the prominent market drivers, major trends coupled with the imminent challenges currently experienced by vendors in the automotive electronics sector.