Automotive Anti-lock Braking System Market is growing at a Highest CAGR of 8.72% during 2019 – 2023 | Continental AG, Delphi Automotive, TRW Automotive, Autoliv, Haldex, Wabco, Bosch, Denso

The report covers a forecast and an analysis of the Automotive Anti-lock Braking System Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2023 based on revenue and volume.

Overview of the Global Automotive Anti-lock Braking System Market:

The Global Automotive Anti-lock Braking System Market is anticipated to grow at a steady rate and post a CAGR of 8.72%.

The major key factors for the increasing acceptance of these systems are the increasing focus on safety and the potential reduction in road-accident related deaths. Close to 3,300 people die every day from road crashes, and about 9/10ths of the total casualties occur in the middle and low-income countries that have less than half of the world’s total vehicles.

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Cost considerations and a lack of regulations result in car manufacturers neglecting the employment of vital security systems such as ABS and ECC, which results in a high number of casualties and injuries. Recently, it was found that most of the Indian hatchbacks, which are the top-selling vehicle type in India, scored a 0 in the Euro NCAP ratings, and this was mainly because the vehicles lacked essential safety equipment. Car manufacturers have taken this news seriously, and some of them have started incorporating ABS as standard. But still, there is a long way to go, and it is also expected that a minimum safety requirement for automobiles will come into place soon. This will boost the ABS systems market, as India is one of the biggest automobile markets in the world, and also one of the fastest growing.

The ABS market is expected to show a high rate of growth as these systems are starting to be used extensively in entry-level 2-wheelers as well. Most of the 2-wheelers in the developed markets are high-end vehicles that have similar safety features as standard. But in the emerging markets, 2-wheelers are entry-level vehicles and are the cheapest. The manufacturers of these vehicles, in order to keep costs low, do not provide any of these systems.

This comprehensive Automotive Anti-lock Braking System Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Continental Ag

2 Delphi Automotive

3 TRW Automotive

4 Autoliv

5 Haldex

6 Wabco

7 Bosch

8 Denso Corporation

9 Hyundai Mobis and More…………….

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Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview and Trends

5 Market Dynamics

6 Automotive Anti-Lock Braking Systems, Segmented by Vehicle Type

7 Automotive Anti-Lock Braking Systems, Segmented by Geography

8 Competitive Landscape

9 Key Vendor Analysis (Overview, Products & Services, Strategies)

10 Future Outlook of the Market

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