Anti-Lock Braking System (ABS) Market: 2018 Global Industry, Size, Share, Growth Drivers, Opportunities, Challenges, Regional Analysis And Competitive Landscape Forecast To 2023

Anti-Lock Braking System (ABS) Market growing exponentially at CAGR of 7% by forecast period of 2018 to 2023. This Global Anti-Lock Braking System (ABS) Market growth is boosted by factors such as, 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.

Anti-Lock Braking System (ABS) Market Key Players Analyzed In Report Are:

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) among others.

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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 sub-systems, the market has been segmented as Sensors, Electronic Control Unit and Hydraulic Unit. Amongst these, the hydraulic unit accounted for the largest revenue due to its high cost as compared to other components. The sensors segment is expected to grow with the highest CAGR during the forecast period due to advancement in technology as leading Anti-lock braking system OEM’s are manufacturing advanced anti-lock braking system equipped with a large number of sensors.

Based on vehicle type, the market has been segmented into two wheeler, passenger cars, and commercial vehicle. Two wheeler segment is expected to grow at the highest rate due to the introduction of stringent government rules & regulation regarding vehicle safety. The increase in the number of two wheelers, majorly in developing countries such as China, India and Singapore is expected to boost the growth of the market.

Regional Analysis:

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.

Scope of the Report:

The report for Global 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.

This study provides an overview of the global automotive anti-lock braking system (ABS) market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive anti-lock braking system (ABS) Market by sub-systems, vehicle type and regions.

Major Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

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 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

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