A recent report published by Infinium Global Research on 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 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 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 best ratings the vehicles manufacturers are adopting the anti-lock braking system. However, the fluctuation in prices of raw material is anticipated to hamper the growth of 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 largest fleet of motor vehicles in the world, with 332 million motor vehicles in 2018 including 235 million cars. Furthermore, the increase in road safety rules by the government, which obligate 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.