Anti-lock braking system Market Share, Growth by Top Company, Region, Applications, Drivers, Trends and Forecast to 2027

MARKET INTRODUCTION

Anti-lock braking systems (ABS) are designed for enhancing the vehicle control and supporting to avoid wheel lock during the emergency stop situations and support OEM regulatory requirements. The emergency braking or even braking on a slippery or wet surface may cause the vehicle wheels to lock.

Locking wheels reduce the adhesion between the road surface and tires, which in turn makes the vehicle unsteerable. The antilock braking system, thus, prevents the wheels from locking and facilitates safe braking. Some of the benefits of these braking systems include stability during a braking maneuver, improved steerability, and prevention of tire damage in emergency braking.

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This report contains:

• Market sizing for the global Anti-lock braking system Market.
• Compare major Anti-lock braking system providers strategies and approaches to the challenges they face
• Analysis of the effects deglobalisation trends may have for Anti-lock braking system providers
• Profiles of major Anti-lock braking system providers
• 5-year CAGR forecasts for Anti-lock braking system intensive vertical sectors

The “Global Anti-lock braking system Market Analysis to 2027″ is a specialized and in-depth study of the anti-lock braking system industry with a special focus on the global market trend analysis. The report aims to provide an overview of anti-lock braking system market with detailed market segmentation by components, type, vehicle type, and geography.

Leading Key Players:

• AISIN SEIKI Co., Ltd.
• Aptiv PLC
• Continental AG
• DENSO CORPORATION
• Hitachi Automotive Systems Americas, Inc.
• Hyundai Mobis
• Nissin Kogyo Co., Ltd.
• Robert Bosch GMBH
• WABCO
• ZF Friedrichshafen AG

The global anti-lock braking system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading anti-lock braking system market players and offers key trends and opportunities in the market.

The key factors that are contributing to the growth of the anti-lock braking system market are rising number of an auto collision, increased safety awareness and the technological advancements for ensuring the safety of the passengers and vehicle. However, the high cost of maintenance and fluctuations in the prices of raw materials are anticipated to hinder the market growth.

The global anti-lock braking system market is segmented on the basis of components, type, and vehicle type. Based on component, the market is segmented as sensors, electronic control unit (ECU), hydraulic unit, and others. Further, based on type, the anti-lock braking system market is divided into four-channel four-sensor ABS, three-channel three-sensor ABS, and one-channel one-sensor ABS. Furthermore, on basis of vehicle type, anti-lock braking system market is segmented as passenger cars, LCV, and HCV.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global anti-lock braking system market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

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The report analyzes factors affecting anti-lock braking system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the anti-lock braking system market for each region.

The reports cover key developments in the anti-lock braking system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations.

Reasons to Buy the Report:

• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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This release was published on openPR.