Concerns of Passenger Safety to Influence Global Anti-lock Braking System Market

 

Anti-lock braking systems are distinguished by car design and number of speed sensors integrated in the vehicle. The systems included in latest variants of cars can improve vehicle control on slippery roads. Other factors such as road inclination, road friction, and weight of vehicle are used in predicting the success of the system through various simulations. The global anti-lock braking system market report by Market Research Future (MRFR) predicts the scope of the industry for the period of 2017 to 2023 using various drivers and challenges as the basis of presumptions. The COVID-19 pandemic is also included as a catalyst of change in the report.

Market Scope

The global anti-lock braking system market is projected to expand at 7% CAGR from 2017 to 2023 (forecast period).

Introduction of stringent driving laws and concerns over alarming cases of accidents are expected to drive the market demand. Anti-lock braking systems offer stable braking on all surfaces and reduce tire wear. Integration of ABS in latest iterations of electric and fuel-driven vehicles and awareness of safety devices can bode well for the market. In addition, control of the vehicle in difficult terrains can provide a plethora of opportunities to key ABS manufacturers.

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The COVID-19 pandemic has disrupted the operations of the automotive and to a large extent the production of ABS. Closing of international boundaries and restrictions on trade can negatively affect market demand. But the focus on personal care can renew the demand for cars and other automotive and thus renew the market demand by the end of the forecast period.

Segmentation

By sub-systems, it is segmented into hydraulic unit, electronic control unit, and sensors.

Based on vehicle type, the market has been segmented into two wheeler, passenger cars, and commercial vehicle. The passenger car segment is expected to dominate the anti-lock braking system market due to the increase in the production of large number of passenger cars in countries such as U.S., Germany, China, and India. The large per capita income rate of customers in developing nations can drive the segment growth significantly.

Regional Analysis

Asia Pacific is expected to grow with the highest CAGR over the forecast period due to increasing diffusion rate for anti-lock braking system technology. In Asia Pacific, China is projected to dominate the growth of the anti-lock braking system market due to the increased road accidents and the rules & regulation imposed by government for installation of anti-lock braking system. Launch of new cars with latest safety features can bode well for the market. Recently, Wuling launched the Hong Guang multi-purpose vehicle for its customers in China.

North America can be a lucrative region for the global anti-lock braking system market owing to concerns over rising deaths caused by vehicle accidents. This is exemplified by the mandatory implementation of automatic emergency braking (AEB) from 2022. The demand for exceptional performance in unpredictable weather conditions can fuel the demand for ABS in the forthcoming years.

Competitive Outlook

Nissin Kogyo Co., Ltd., Hitachi Automotive Systems, Ltd., TRW Automotive, Autoliv Inc., Continental AG, Denso Corporation, Robert Bosch GmbH, Hyundai Mobis, WABCO Vehicle Control Systems, and Advics Co., Ltd. are key players of the global anti-lock braking system market. Investments in research and development for increasing their market share and development of eco-friendly braking systems can lead to launch of new variants of cars fitted with these components.

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Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

 

1 EXECUTIVE SUMMARY

 

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

 

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

 

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

 

 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com

 

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