Anti-lock Braking System (ABS) Market: 2018 Global Size, Trends, Statistics, Share, Growth Factors, Emerging, Regional, And Competitive Forecast to 2023
Anti-lock Braking System (ABS) Market Analysis Report 2018 by MarketReserarchFuture, Anti-lock Braking System (ABS) Market Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – April 29, 2018 /MarketersMedia/ —
Global Automotive anti-lock braking system (ABS) Market Information Report By sub-systems (sensors, electronic control unit and hydraulic unit), by vehicle type (two wheelers, passenger cars and commercial vehicles) and by Region.
Global Anti-lock Braking System (ABS) Key Players Reviewed For This Research Report:
Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv Inc. (Sweden), Nissin Kogyo Co., Ltd. (Japan), WABCO Vehicle Control Systems (Belgium), TRW Automotive (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (Japan), and Advics Co., Ltd. (Japan).
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Anti-lock Braking System (ABS) Market Highlights:
The anti-lock braking system market is driven by the increase in the demand for safety features, technological advancement, and increase in safety protocols for vehicle safety. Various organizations such as New Car Assessment Program and Insurance Institute for Highway Safety require the automobile companies to incorporate safety systems in the vehicles to match the standard safety ratings in the vehicles. The market is driven by various factors such as the increase in demand for advance safety features, technological advancements, and rapid growth of the automotive industry.
The increase in the demand for vehicle safety and comfort systems in automobiles is leading to the increased use of anti-lock braking system in automobiles. Further, while developing the advanced braking systems for two wheelers, the companies are expanding to tap into the developing markets such as India, Indonesia, and Brazil. This is expected to be an opportunity for the growth of the market and its major players. However, factors such as high maintenance cost and high safety standard ratings of anti-lock braking systems are expected to restrain the growth of the anti-lock braking system market.
Based on vehicle type, the market has been segmented into two wheeler, passenger cars, and commercial vehicle. Passenger car segment is expected to dominate the anti-lock braking system market due to the increase in the production of large number of passenger cars in countries such as China, U.S., Germany, and India.
Geographically, the global automotive anti-lock braking system (ABS) market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is expected to grow with the highest CAGR over the forecast period due to increasing diffusion rate for anti-lock braking system technology. In Asia Pacific, China is projected to dominate the growth of the anti-lock braking system market due to the increased road accidents and the rules & regulation imposed by government for installation of anti-lock braking system.
The report for Global Automotive Anti-Lock Braking System (ABS) Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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