DUBLIN–(BUSINESS WIRE)–The “Global Two Wheeler Brake Component Market by Product Type (Brake Shoe, Brake Pad & Brake Caliper), By Vehicle Type (Scooter/Moped & Motorcycle), By Sales Channel (Replacement and OEM), By Region, Competition, Forecast & Opportunities, 2014-2024″ report has been added to ResearchAndMarkets.com’s offering. The Global Two-Wheeler Brake Component Market Stood at $6 Billion in 2018 and is Projected to Reach $10.5 Billion by 2024. Anticipated growth in the market can be attributed to the increasing demand for two-wheelers in developing nations. Moreover, stringent government regulations and mandates with reference to two-wheeler safety, in addition to government initiatives in economies such as China and India aimed to promote two-wheeler safety is further driving the global two-wheeler brake component market. The main function of a brake component is to reduce the speed and stop the vehicle along with rider control. Two-wheeler braking components, such as brake calliper, brake shoe, and the brake pad, are responsible for producing the braking effect in vehicles. The emergence of anti-lock braking systems (ABS), Com...