Global Automotive Anti-Lock Braking System Market, By Sub-Systems (Sensors, Electronic Control Unit, Hydraulic Unit), Vehicle Type (Two-Wheelers, Commercial Vehicles, Passenger Vehicles), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Automotive Anti-Lock Braking System Market
The Global Automotive Anti-Lock Braking System Market is set to witness a CAGR of 8.25% in the forecast period of 2018-2025, raising the initial estimated value of USD 26.9 billion in 2017 to an estimated value of USD 50.8 billion by 2025. Increasing safety features and introduction of safety laws by the authorities are one of the major factors for the rise in demand of the market.
Market Definition: Global Automotive Anti-Lock Braking System Market
Anti-lock braking system offers the driver safe braking mechanisms and help in steering and handling of the vehicle. These systems prevent 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.
North America had the highest market share of 38% globally. Whereas, Asia Pacific region is set to witness the highest growth rate due to the significant presence of two-wheelers in the area and the regulations set forth by the authorities regarding the installation of anti-lock braking systems in two-wheelers.
- Increasing adoption of anti-lock braking systems in two wheelers will drive the market growth high significantly
- Increase in global vehicle sales has directly affected the market of Automotive Anti-Lock Braking System as the authorities have regulated the inclusions of these systems in the vehicles as compulsory
- High cost of maintenance and change in cost of raw materials will be one of the factors for restricted market growth
- Presence of counterfeit parts and their low cost as compared to genuine manufacturers part is expected to restrict the market growth
Segmentation: Global Automotive Anti-Lock Braking System Market
- By Sub-Systems
- Electronic Control Unit
- Hydraulic Unit
- By Vehicle Type
- Commercial Vehicles
- Passenger Vehicles
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Competitive Analysis: Global Automotive Anti-Lock Braking System Market
The global automotive anti-lock braking system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive anti-lock braking system market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Automotive Anti-Lock Braking System Market
Few of the major market competitors currently working in the Automotive Anti-Lock Braking System Market are Robert Bosch GmbH, Continental AG, Autoliv Inc., ZF Friedrichshafen AG, Aptiv, BorgWarner Inc., WABCO, DENSO CORPORATION, HYUNDAI MOBIS, Nissin Kogyo Co. Ltd., Hitachi Automotive Systems Ltd., ADVICS CO.LTD., Mando Corp., AISIN SEIKI Co. Ltd., AKEBONO BRAKE INDUSTRY CO. LTD., Brembo, Federal-Mogul LLC, Knorr-Bremse.
Research Methodology: Global Automotive Anti-Lock Braking System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved