Scope of the Study
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.
The market study is being classified by Type (Four-Channel/Four-Sensor, Three-Channel/Three-Sensor and One-Channel/One-Sensor), by Application (Motorcycles, Passenger Cars and Commercial Vehicles) and major geographies with country level break-up.
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) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Delphi Technologies (United Kingdom), DENSO Corporation (Japan) and Haldex AB (Sweden).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are Bosch, BeijingWest Industries, Continental AG, and Honda Motor Company, Ltd.. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Anti-Lock Braking System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Anti-Lock Braking System market by Type, Application and Region.
On the basis of geography, the market of Anti-Lock Braking System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- 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
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.
Key Target AudienceAnti-Lock Braking System Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase