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Anti-Lock Braking System Market Competitive Research, Demand and Precise Outlook 2021-2030
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Top Companies: Autoliv Inc., Advics Co., Ltd., Continental AG, Hitachi Automotive Systems Ltd., Denso Corporation, Nissin Kogyo Co., Ltd., Hyundai Mobis Co., Ltd., WABCO, Robert Bosch GmbH and others.
Market Segmentations and Scope of the Study:
The global anti-lock braking system market share analysis is based on sub-system, vehicle type and geography.
Based on sub-system type, the market is segmented into Sensors, Electric Control Unit, and Hydraulic Unit. Based on vehicle type, the market is divided into Two-wheeler, Passenger Cars, and Commercial Vehicles. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW.
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Geographical Analysis
North America is expected to dominate the global anti-lock braking system market, holding the major market share throughout the forecast period. Increased adoption of anti-lock braking system, technological advancement, presence of well-established infrastructure as well as increased demand of safety features are expected to propel the growth of anti-lock braking system market.
Asia-Pacific region specifically the emerging economies are expected to demonstrate a substantial growth in the global anti-lock braking system market with the highest CAGR, throughout the forecast period. This is attributable to stringent government polices to ensure maximum safety features, upsurge in road accidents, increase in disposable income, as well as extensively growing demand for passenger cars.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
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