Automotive Anti-Lock Braking System (ABS) Market

Automotive Anti-Lock Braking System (ABS) Market

Automotive Anti-Lock Braking System (ABS) Market by Components (Speed Sensors, Valves, Pump, Controller), by Vehicle Type (2-wheeler, four-wheeler and commercial vehicle) and by Geography – Opportunities & Forecast, 2020-2027

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This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Automotive Anti-Lock Braking System (ABS) Market: • Robert Bosch GmbH (Germany) • TRW Automotive • ADVICS Manufacturing Ohio, Inc. • Nissin Kogyo Co., Ltd. • Continental AG • Hitachi Automotive Systems • ZF Friedrichshafen AG • WABCO ABS • BWI Group • Haldex etc.

The key drivers of the Automotive Anti-Lock Braking System (ABS) Market are as follows: Anti-lock braking system (ABS) refers to an advanced active braking system used in automobiles to help drivers control their vehicles. It improves vehicle control and decreases the chances of a collision on both dry and slippery surfaces. The global automotive anti-lock braking system market is witnessing an upsurge in demand due to the increasing number of safety standards that are being monitored by various government bodies and automobile manufacturers. Moreover, the significant increase in the number of vehicles worldwide due to the growth of global population and disposable income level has encouraged the individuals to opt better mobility solution in terms of preferred vehicles. In addition to this, technological advancements in the automotive industry, an increase in demand for safety features, and a rise in government mandates for vehicle safety are factors fuelling the growth of the anti-lock 2

braking system market. On the other hand, high maintenance and installation cost is projected to hamper market growth. The factors hindering the market growth include the cost of the raw material and the possible upgradation in the design prospects of the end product.

Based on region, Asia-Pacific is projected to grow at a higher CAGR during the forecast period owing to the rising diffusion rate for anti-lock braking system technology.

Moreover, in Asia-Pacific, China is anticipated to dominate the market during the forecast period due to the rising road accidents and the rules & regulations imposed by the government for the installation of the anti-lock braking system.

The study objectives of this report are: 1. To study and forecast the size of the market.

2. To analyze the key players, SWOT analysis, value, and market share for the leading players.

3. To define, describe, and forecast the market by different segments.

4. To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Automotive Anti-Lock Braking System (ABS) Market: Breakup by Components: • Speed Sensors • Valves • Pump • Controller Breakup by Vehicle Type: • Two-wheeler • Four-Wheeler • Commercial Vehicle Breakup by Region: • North America o United States of America 3

o Canada • Asia Pacific o China o Japan o India o Rest of APAC • Europe o United Kingdom o Germany o France o Spain o Rest of Europe • RoW o Brazil o South Africa o Saudi Arabia o UAE o Rest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in

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2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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