Global Anti-Lock Braking System Market Overview:
Anti-lock braking system offers an important safety advantage by stopping vehicle’s wheels from locking during emergency braking situations. An ABS does not necessarily shorten stopping distance but does allow to keep steering control and drive vehicle more effectively and this is major driver for the growth of the anti-lock braking system market. The modern anti-lock braking system allows steering during braking which gives more control over the vehicle in case of sudden braking, and slippery surfaces and this has projected to significant growth of the anti-lock braking system market over the forecast period.
- Increasing Demand for Safety Features
- Government Strict Regulation Regarding the Vehicles Safety Globally
- Government Regulations Driving the Adoption of ABS in Passenger Cars
- Intense Competition among the Competitors
- Increased Safety Awareness and Technological Advancements are Expected to Favorably Impact Anti-Lock Braking System
Some of the key players profiled in the report are Bosch (Germany), BeijingWest Industries (China), Continental AG (Germany), Honda Motor Company, Ltd. (Japan), ZF Friedrichshafen AG (Germany), Autoliv Inc. (Sweden), WABCO (France), Brakes India Private Limited (India), Hyundai Mobis (South Korea) and Mando Corporation (South Korea). The Vendors having a strong hold in the market are Bosch, BeijingWest Industries, Continental AG, and Honda Motor Company, Ltd.. Additionally, following companies can also be profiled that are part of our coverage like Delphi Technologies (United Kingdom), DENSO Corporation (Japan) and Haldex AB (Sweden). Analyst at AdvanceMarketAnalytics see European Vendors to retain maximum share of Global Anti-Lock Braking System market by 2024. Considering Market by Distribution Channel, the sub-segment i.e. OEMs will boost the Anti-Lock Braking System market.
In 2017, the Ministry of Road Transport and Highways (MoRTH) in India, has released a notification, where ABS is mandatory for all new passenger cars from April 2019.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Anti-Lock Braking System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Anti-Lock Braking System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Anti-Lock Braking System Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.