Automotive Anti-lock Braking System Market by 2020 Precise Outlook- Robert Bosch GmbH, Autoliv Inc., Continental Reifen Deutschland GmbH

Automotive Anti-lock Braking System Market - Growth, Trends And Forecast (2020 - 2025), This report presents a profound evaluation of basic elements of Automotive Anti-lock Braking System industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.

The automotive anti-lock braking system market is expected to register a CAGR of over 7.5%, during the forecast period (2020 - 2025).

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- The key factors for the increasing acceptance of ABS systems are, the increasing focus on safety and the potential reduction in road-accident related deaths. Nearly 3,300 people die every day due to road crashes, and about 9/10th of the total casualties occur in the middle and low-income countries that have less than half of the worlds total vehicles.
- The ABS market is expected to show a high rate of growth, as these systems are starting to be used extensively in entry-level two-wheelers as well. Most of the two-wheelers in the developed markets are high-end vehicles that have similar safety features as standard. But in the emerging markets, two-wheelers are entry-level vehicles and are the cheapest.
- Increased adoption of such safety systems in passenger vehicles is also expected to boost the market in the forecast period. Emerging countries, such as Germany, Spain, and the United States are planning to come up with legislation to make ABS mandatory on heavy commercial vehicles, which is expected to drive the market.

Competitive Landscape:

The Automotive Anti-lock Braking System Market is competitive owing to the presence of various international and domestic manufacturers. The market appears to be fragmented with the vendors competing in terms of price, capacity, volume, product quality, and technological innovation in the market. Some of the major players in the market are Robert Bosch GmbH, Autoliv Inc., Continental Reifen Deutschland GmbH, DENSO Corporation, and ZF Friedrichshafen AG, among others.

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Government Regulations Driving the Adoption of ABS in Passenger Cars:

The increasing safety standards in the automotive industry, globally, are driving the countries in the developing regions to follow the developed regions, where all new passenger cars are sold with ABS as a standard feature.

- In Europe, all new passenger cars have to be equipped with ABS, since 2004.
- While, the United States, took nearly a decade to mandate ABS in all new passenger cars. As on September 2013, the National Highway Traffic Safety Administration (NHTSA) mandated ABS in conjunction with Electronic Stability Control (ESC), under the provisions of the March, 2007 Federal Motor Vehicle Safety Standard (FMVSS) No. 126.
- 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.
- In 2018, nearly more than 70% of the passenger car sales have been equipped with ABS, owing to the mandatory owing to the mandatory ABS rule in countries like Japan, Brazil, etc.
- ABS in passenger cars are likely to increase, due to the increasing passenger car sales, majorly in Asia-Pacific

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Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service?is that the?most prominent threat. Report includes key cannibalizes of a market, by procuring?marketing research. This helps in aligning new product development/launch strategies?before.
Spotting emerging trends- Report helps?to identify?upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by?a specific?emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.

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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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