Automotive Anti-Lock Braking System Global Market is segmented by sub-systems (sensors, electronic control unit and hydraulic unit), by vehicle type (two wheelers, passenger cars and commercial vehicles) and by Region. Report provides Automotive Anti-Lock Braking System Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. —
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Automotive Anti-Lock Braking System Market Key Companies Studied In This Research Report:
Autoliv Inc. (Sweden), WABCO Vehicle Control Systems (Belgium), Hyundai Mobis (South Korea), Nissin Kogyo Co., Ltd. (Japan), Hitachi Automotive Systems, Ltd. (Japan), Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Advics Co., Ltd. (Japan), and TRW Automotive (U.S.) are the key players in the automotive anti-lock braking system market.
Global Automotive Anti-Lock Braking System Market Analysis 2019:
Anti-lock braking systems have become a vital safety feature in cars as well as vehicles. They help to prevent accidents by facilitating better control over the vehicle. Automotive anti-lock braking system uses a different mechanism as compared to traditional brakes which help in the maintenance of stability and control over steering. A comprehensive report has been launched on the global automotive anti-lock braking system market by Market Research Future (MRFR) with key insights on the market along with forecasts for the period of 2017-2023. MRFR has projected a CAGR of 7% in the global automotive anti-lock braking system market.
ABS is highly useful in poor weather conditions and help to navigate through wet or slippery roads. ABS help to mitigate the risk of accidents in the event of the sudden appearance of any animal or period. ABS monitors the speed of wheels and releases the brake in case any potential locking of wheels is detected. The surge in the incidence rate of road accidents has led to the increased adoption of ABS in the automotive industry, which is substantiating the growth of the market.
Automotive OEMs are exhibiting mounting interest in the incorporation of anti-lock braking system in vehicles which is generating considerable demand within the market. It helps them to stay compliant with the latest safety regulations which have been enacted by regulatory authorities. In multiple countries, the integration of ABS is being mandated, which is likely to support the market growth further.
Rigorous R&D activities are underway to improve these systems in terms of balancing the ratio of the brake application force between front and rear wheels, which is likely to provide opportunities to the growth of the market.
Study Period: 2017-2023
Base Year: 2017
Target Audience of Report: This report mainly focuses on Automotive Anti-Lock Braking System manufacturers, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Anti-Lock Braking System market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Automotive Anti-Lock Braking System Global Industry are studied in this report.
The global automotive anti-lock braking system market has been segmented based on sub-systems and vehicle type.
By sub-systems, the automotive anti-lock braking system market has been segmented into sensors, hydraulic unit, and electronic control unit.
By vehicle type, the automotive anti-lock braking system market has been segmented into two-wheelers, passengers’ cars, and commercial vehicles.
Region-wise, the global automotive anti-lock braking system market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
APAC market is likely to spearhead the global automotive anti-lock braking system market and capture the highest CAGR over the forecast period. High incidents of road accidents and consequent rules and regulations imposed by regulatory authorities have boosted the growth of the market. Various countries in the region have mandated vehicles to be equipped with anti-lock braking systems. China is expected to domineer the APAC market. The presence of an established automotive industry also generates substantial demand for anti-lock braking systems.
The Europe automotive anti-lock braking system market is driven by increasing adoption of safety systems in the developed economies of the region such as the US, Germany, and Spain. The region has enacted various strict regulations for the incorporation of safety features in vehicles to reduce the surging incidence rate of road accidents. Moreover, the expanding automotive industry is favoring the growth of the market. The automotive OEMs are demonstrating heightened interest in the integration of ABS in vehicles.
The North America region is also showcasing noteworthy growth. High sales of premium cars where ABS is a standard feature is boosting the growth of the market.
Study Objectives of Global Automotive Anti-Lock Braking System Market:
-- To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global market
-- To provide insights about factors affecting the market growth
-- To analyze the market based on various factors such as supply chain analysis, and Porter's five forces analysis
-- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries – North America, Europe, Asia-Pacific, and ROW.
-- To provide country level analysis of the market with respect to the current market size and future prospective
-- To provide country level analysis of the market for segment by type, vehicle type, and region
April 2019 - The Government of India mandated all four- and two-wheelers manufactured in the country to be compulsorily equipped with ABS or an Anti-Lock Braking System. The step comes a measure to improve road safety in the country. The rule directs all new two-wheelers over 125cc to be fitted with ABS while models below 125cc to have a combi-braking system (CBS) compulsorily.
Major Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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