Global Automotive Anti-Lock Braking System Market, By Sub-Systems (Sensors, Electronic Control Unit, Hydraulic Unit), Vehicle Type (Two-Wheelers, Commercial Vehicles, Passenger Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Automotive anti-lock braking system market will grow at a CAGR of 8.20% in the forecast period of 2020 to 2027. The increasing adoption of anti-lock braking systems in two wheelers is an essential factor driving the automotive anti-lock braking system market.
Anti-lock braking system is a type of system which offers the driver safe braking mechanisms and help in steering and handling of the vehicle. These system helps in preventing the vehicles from slipping even on wet surfaces, and offer plenty of benefits such as reduced braking time and distance as well as reduction of tier wear and tear.
The rising growth in demand for safety features is an essential factor accelerating the market growth, also increase in government mandates for vehicle safety, rising technological advancements in automotive industry and increasing sales of the vehicles all over the globe are the major factors among others boosting the automotive anti-lock braking system market. Moreover, the rising development of advanced braking system for two wheelers along with the vast expansion in untapped market of developing countries will further create new opportunities for automotive anti-lock braking system market in the forecast period mentioned above.
However, increased cost of maintenance and change in cost of raw materials are the major factors among others which will curtail the market growth, while presence of counterfeit parts and their low cost as compared to genuine manufacturer’s part will further challenge the automotive anti-lock braking system market in the forecast period mentioned above.
This automotive anti-lock braking system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive anti-lock braking system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Anti-Lock Braking System Market Scope and Market Size
Automotive anti-lock braking system market is segmented on the basis of sub-systems and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of sub-systems, the automotive anti-lock braking system market is segmented into sensors, electronic control unit and hydraulic unit.
- The automotive anti-lock braking system market is also segmented on the basis of vehicle type into two-wheelers, commercial vehicles and passenger vehicles.
Global Automotive Anti-Lock Braking System Market Scope Country Level Analysis
Automotive anti-lock braking system market is analysed and market size, volume information is provided by country, sub-systems and vehicle type as referenced above.
The countries covered in the automotive anti-lock braking system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive anti-lock braking system market due to increasing production of vehicles and increase in the demand for vehicles in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Anti-Lock Braking System Market Share Analysis
Automotive anti-lock braking system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive anti-lock braking system market.
The major players covered in automotive anti-lock braking system market report are AKEBONO BRAKE INDUSTRY CO., LTD, Mando Corp., Robert Bosch GmbH, Continental AG, Panasonic Automotive Systems Europe GmbH, Denso Corporation., Visteon Corporation, Nippon Seiki Co., Ltd., Yazaki, Garmin Ltd, Alps Alpine CO., LT, Mitsubishi Electric Corporation, Clarion, SANDEN HOLDINGS CORPORATION., TOYOTA INDUSTRIES CORPORATION and Hitachi Automotive Systems, Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Anti-Lock Braking System Market
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