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$16.6 Billion in the year 2023, is expected to reach US$139.6 Billion by 2030, growing at a CAGR of 35.6% over the analysis period 2023-2030. Dual-Channel ABS, one of the segments analyzed in the report, is expected to record a 37.1% CAGR and reach US$105.0 Billion by the end of the analysis period. Growth in the Single-Channel ABS segment is estimated at 31.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$4.9 Billion While China is Forecast to Grow at 33.0% CAGR
The Motorcycle Anti-Lock Braking Systems market in the U.S. is estimated at US$4.9 Billion in the year 2023. 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 33.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 31.9% and 29.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 23.2% CAGR.
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