Strategic Overview on Automotive Anti-lock Braking System Market, 2023

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Global Automotive Anti-lock Braking System Market
- Analysis of Growth, Trends, and Forecast (2018
- 2023)
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Global Automotive Anti-lock Braking System Market
Market Overview
The global automotive anti-lock braking system
market is anticipated to grow at a steady rate
and post a CAGR of 8.72. The key factors for the
increasing acceptance of these systems are the
increasing focus on safety and the potential
reduction in road-accident related deaths. Close
to 3,300 people die every day from road crashes,
and about 9/10ths of the total casualties occur
in the middle and low-income countries that have
less than half of the worlds total vehicles.

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Global Automotive Anti-lock Braking System Market
Cost considerations and a lack of regulations
result in car manufacturers neglecting the
employment of vital security systems such as ABS
and ECC, which results in a high number of
casualties and injuries. Recently, it was found
that most of the Indian hatchbacks, which are the
top-selling vehicle type in India, scored a 0 in
the Euro NCAP ratings, and this was mainly
because the vehicles lacked essential safety
equipment. Car manufacturers have taken this news
seriously, and some of them have started
incorporating ABS as standard. But still, there
is a long way to go, and it is also expected that
a minimum safety requirement for automobiles will
come into place soon. This will boost the ABS
systems market, as India is one of the biggest
automobile markets in the world, and also one of
the fastest growing. The ABS market is expected
to show a high rate of growth as these systems
are starting to be used extensively in
entry-level 2-wheelers as well. Most of the
2-wheelers in the developed markets are high-end
vehicles that have similar safety features as
standard. But in the emerging markets, 2-wheelers
are entry-level vehicles and are the cheapest.
The manufacturers of these vehicles, in order to
keep costs low, do not provide any of these
systems. However, the 150 cc engine capacity and
above bikes in the region are starting to feature
the ABS systems, and this will tremendously boost
the market as India and Indonesia remain two most
significant 2-wheeler markets in the world.
Market Dynamics

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4
Global Automotive Anti-lock Braking System Market
Market Segmentation
Rising safety awareness to boost
market Increased adoption of such safety systems
in passenger vehicles is also expected to boost
the market in the forecast period. Emerging
countries such as Germany, Spain and the United
States are planning to come up with legislation
to make ABS mandatory in heavy commercial
vehicles, which will significantly drive the
market. The market has been segmented by vehicle
type (Passenger Cars, two-wheelers, HCV, LCV),
and by region (North America, South America,
Europe, Africa Middle East and Asia-Pacific).
Browse Details of 92 pages research report
developed on Global Automotive Anti-lock Braking
System Market

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Global Automotive Anti-lock Braking System Market

• Key Developments in the Market
• January 2018 Hyundai recalls 88,000 cars due to
  a problem in ABS wiring that could catch fire.
• January 2018 Acura RDX Elite with next
  generation ABS was awarded the highest score
  possible by IIHS.
• Major players
• AUTOLIV, BOSCH, CONTINENTAL, DELPHI AUTOMOTIVE,
  DENSO CORPORATION, TRW AUTOMOTIVE amongst others.

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• 1 888 709 8757

6
Global Automotive Anti-lock Braking System Market

• Reasons to Purchase this Report
• The report analyses how the stringent emission
  control norms will drive the Global Automotive
  Anti-lock Braking System Market.
• Analyzing various perspectives of the market with
  the help of Porters five forces analysis.
• Study on the product type that is expected to
  dominate the market.
• Study on the regions that are expected to witness
  fastest growth during the forecast period.
• Identify the latest developments, market shares
  and strategies employed by the major market
  players.
• 3 months analyst support along with the Market
  Estimate sheet (in excel).
• Customization of the Report
• This report can be customized to meet the desired
  requirements. Please connect with our analyst,
  who will ensure that you get a report that suits
  your needs.

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• 1 888 709 8757

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Global Automotive Anti-lock Braking System Market
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Global Automotive Anti-lock Braking System Market

• Contact
• Kevin S
• Sales Manager
• Research Cosmos
• www.researchcosmos.com
• kevin_at_researchcosmos.com
• 1 888 709 8757