A recent report published by
Infinium Global Research on the automotive anti-lock braking system market provides
an in-depth analysis of segments and sub-segments in the global as well as
regional automotive anti-lock braking system market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional automotive anti-lock braking system market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global automotive anti-lock braking system market.
According to the report, the global automotive anti-lock braking system market
is projected to grow at a CAGR of 8.72% over the forecast period of 2019-2025.
The vehicle components play an
important role in the performance as well as the safety of the vehicle, passengers
and traffic. Some of the components are made mandatory by the government for
safety regulations. Anti-lock brakes are one of the vehicle components that
ensures safety as well as better performance of the vehicles. The anti-lock
braking system helps the vehicles to slowly reduce the speed compared to the
conventional brakes which get a lock when applied suddenly. The anti-lock
braking system market is highly competitive and consolidated in nature. Only a
few major players in the market control a large part of the market share. The
key players in the market are investing more on broadening the product
portfolio that serves a wide variety of customers and their demands.
The strict safety norms set by
the government is the major factor driving the automotive anti-lock braking
system market. To reduce the number of causalities due to accidents the
governments are implying strict regulations, which requires the automakers to
integrate the anti-lock braking system in the vehicles. Moreover, the increasing
number of road accidents is another factor that escalates the growth of the
automotive anti-lock braking system market. Furthermore, a number of programs
for awarding safety ratings to the vehicles contribute to the growing demand
for the automotive anti-lock braking system. Programs such as the New Car
Assessment Program (NCAP) rates the vehicles based on their safety features. To
acquire the best ratings the vehicle manufacturers are adopting the anti-lock
braking system. However, the fluctuation in prices of raw material is
anticipated to hamper the growth of the automotive anti-lock braking system.
Additionally, improving legislation in developing countries is predicted to
provide beneficial growth opportunities for the players in the automotive anti-lock
braking system market.
Asia-Pacific holds the dominant
share in the global automotive anti-lock braking system market. The growing
automotive sales coupled with the growing demand for high tech safety features
are contributing to the growth of the Asia Pacific automotive anti-lock braking
system market. China has the biggest fleet of motor vehicles globally, with 332
million motor vehicles in 2018 including 235 million cars. Furthermore, the
increase in road safety rules by the government, which obligates the vehicles
to integrate ABS also favors the growth of the Asia Pacific automotive anti-lock
braking system market. North America is anticipated to hold a significant share
owing to the stringent safety regulations, increased rate of adoption of new technologies
and large automotive consumption in this region.
The report on global automotive
anti-lock braking system market covers segments such as sub-systems, and
vehicle type. On the basis of sub-systems, the sub-markets include sensors, electronic
control unit (ECU), and hydraulic unit. On the basis of vehicle type, the
sub-markets include motorcycles, passenger cars, and commercial vehicles.
The report provides profiles of
the companies in the market such as Robert Bosch GmbH, Continental AG, Autoliv
Inc., Aptiv PLC, Nissin Kogyo Co., Ltd., ZF Friedrichshafen AG, Denso
Corporation, ADVICS Co., Ltd., Hitachi Automotive, Ltd., Hyundai Mobis, and
other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of automotive anti-lock braking system market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.