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The Automotive Anti-lock Braking System market is Segmented by Vehicle Type (Motorcycles, Passenger Cars, and Commercial Vehicles) and Geography.
Fastest Growing Market:
The automotive anti-lock braking system market is expected to register a CAGR of over 7.5% during the forecast period (2020 - 2025).
The automotive anti-lock braking system market is segmented by vehicle type and geography.
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The increasing safety standards in the automotive industry, globally, are driving the developing countries to follow the developed countries, where all new passenger cars are sold with ABS as a standard feature.
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The increasing rate of accidents and the continuous efforts of governments across the world in reducing the number of accidents is a major driver for the anti-lock braking systems market.
Asia-Pacific is one of the fastest-growing markets globally. The increasing demand for the anti-lock braking system (ABS) in the region is supported by the increase in road safety rules, which makes sure that all new vehicles are equipped with ABS. For instance,
The National Transportation Safety Board (NTSB) is promoting the anti-lock brakes in the manufacturing process of motorcycles in the United States. The NTSB does not have the right to create laws, so it is aiming to persuade the NHTSA, an organization responsible for introducing and enforcing road safety rules. The Insurance Institute for Highway Safety found that motorcycles furnished with anti-lock brakes have a 31% lower crash rate than bikes without the feature.
The European Union parliament mandated anti-lock braking systems as the standard equipment in motorcycles built from 2016. The Insurance Institute of Highway Safety reported that 8.9% of registered motorcycles were required to have anti-lock brake systems in 2017. This number increased steadily since 2002 when anti-lock brake technology was considered a standard form of equipment on only 0.2% of motorcycles.
The anti-lock brake system (ABS) market is anticipated to grow during the forecast period. As developed and developing countries are making the anti-lock braking system (ABS) mandatory in four-wheelers and two-wheelers for reducing the number of causalities.
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The automotive anti-lock braking system market is dominated by major players, such as Robert Bosch GmbH, Autoliv Inc., Continental Reifen Deutschland GmbH, DENSO Corporation, and ZF Friedrichshafen AG. The companies are strategically investing, making acquisitions, and entering into partnerships in key technologies. Also, almost all the passenger vehicles are equipped with the anti-lock braking system, which is majorly driving the market growth.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Vehicle Type
5.1.2 Passenger Cars
5.1.3 Commercial Vehicles
5.2.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.2.4 Rest of the World
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
220.127.116.11 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Continental Reifen Deutschland GmbH
6.2.2 Delphi Technologies PLC
6.2.3 DENSO Corporation
6.2.4 Autoliv Inc.
6.2.5 ZF Friedrichshafen AG
6.2.6 Robert Bosch GmbH
6.2.7 Haldex AB
6.2.8 WABCO Holdings Inc.
6.2.9 Hyundai Mobis Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability