Press release
Anti-Lock Braking System (ABS) Market 2018 Key Country Analysis: Global Key Players Bosch, Continental, Autoliv, Nissin Kogyo, WABCO, TRW Automotive, Hyundai, Denso, Hitach, And Advics
Top Anti-Lock Braking System (ABS) Manufacturers Competitive Landscape:
The key players in Anti-Lock Braking System (ABS) market 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).
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These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Anti-Lock Braking System (ABS) market is heating up. As these key players are increasingly investing towards the development of new technology, many smaller companies will not be able to keep up with the technological pace.
Market Overview:
Anti-lock braking systems are used to assist automotive for safe braking and easy steering in situations of wet or slippery road. The use of these systems in automotive prevents a person from slipping or skidding of a vehicle, and retains the control of steering after hard braking. The increase in demand of consumers for advanced safety features in the automobiles and the introduction of stringent safety laws & regulations by various transport authorities are driving the growth of anti-lock braking system.
Anti-lock braking system offers benefits such as the stable braking characteristics on all kinds of road surfaces, reduced tier wear and reduced braking distance. The rise in the number of on-road vehicles, increase in focus on vehicle safety and technological advancements, are expected to drive the growth of the market.
Leading automobile manufacturers are introducing anti-lock breaking system in both traditional and electric vehicles to the entry level vehicles, which is further expected to boost the growth of the market. The increase in number of auto collision, increased safety awareness, development of advance braking system for two wheelers and the improving technical advancements for ensuring the safety of the passengers and the automotive, also add to the market growth.
Segmentation:
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.
List of Tables:
Table 1 Anti-Lock Braking System (ABS) Market: By Region, 2017-2023
Table 2 North America Anti-Lock Braking System (ABS) Market: By Country, 2017-2023
Table 3 Europe Anti-Lock Braking System (ABS) Market: By Country, 2017-2023
Table 4 Asia Pacific Anti-Lock Braking System (ABS) Market: By Country, 2017-2023
Table 5 RoW Anti-Lock Braking System (ABS) Market: By Country, 2017-2023
Table 6 Anti-Lock Braking System (ABS) Market, By Body Type, By Regions, 2017-2023
Table 7 North America Anti-Lock Braking System (ABS) Market, By Body Type, By Country, 2017-2023
Table 8 Europe Anti-Lock Braking System (ABS) Market, By Body Type, By Country, 2017-2023
Table 9 Asia Pacific Anti-Lock Braking System (ABS) Market By Body Type, By Country, 2017-2023
Table 10 RoW Anti-Lock Braking System (ABS) Market By Body Type, By Country, 2017-2023
Continued…
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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