Newest Global Automotive Anti-Lock Braking System Market Research Report: Size, Share, Growth, Trends and Forecast 2021
The Global Automotive Anti-Lock Braking System Market to GROW at a CAGR of 8.86% during the period 2017-2021.
Global Automotive Anti-Lock Braking System Market Report focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Global Automotive Anti-Lock Braking System market research report is a professional and in-depth study on the current state of Global Automotive Anti-Lock Braking System Industry.
Complete Report of Global Automotive Anti-Lock Braking System Market Research available at: https://www.absolutereports.com/global-automotive-anti-lock-braking-system-market-2017-2021-10672332
The emergence of connected truck technologies will drive the adoption of ABS in commercial vehicles (CVs), which, in turn, will drive the growth prospects for the global automotive ABS market for the next four years. Some of the major factors responsible for the growing acceptance of ABS in the commercial vehicles segment is the increasing focus of fleet operators on fleet safety and the potential reduction in financial losses. Also, the growing number of road accidents have resulted in the introduction and adoption of a large number of technological advancements in the commercial vehicles sector as commonly witnessed in the passenger car segment.
Key Vendors of Global Automotive Anti-Lock Braking System Market:
- Bosch
- Continental
- ZF
- Autoliv
- WABCO
Other Prominent Vendors
- Brakes India
- Hyundai Mobis
And many more…
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The availability of discounts on premium products ranging from 5% to 10% for vehicles equipped with ABS will drive the growth prospects for the global automotive ABS market until the end of 2021. According to the research study, around 37% of vehicles equipped with ABS are less prone to fatal accidents in comparison with vehicles without ABS.
The Global Automotive ABS Market is highly competitive and diversified due to the presence of a large number of regional and multinational vendors across the globe. According to the industry research report, it has been anticipated that a large number of vendors are increasingly investing in the development of compact and lightweight ABS systems.
Regions of Global Automotive Anti-Lock Braking System market:
- Americas
- APAC
- EMEA
Global Automotive Anti-Lock Braking System Market Driver
- Growing demand for safety solutions to increase ABS adoption in wider applications
- Integration of ABS with other safety functions
- Need for making safer vehicles to curb road accidents driving demand for ABS
- Legislation for ABS to drive adoption
- Emergence of connected truck technologies to drive ABS adoption in CVs
- Safety benefits — Reduction in stopping distance and skidding during sudden braking to drive acceptance of ABS in motorcycles segment
Global Automotive Anti-Lock Braking System Market Challenge
- Not ideal fitment for off-road riding
- Unskilled riders do not benefit from ABS
- Maintenance cost associated with ABS
- Design complication owing to different scenario simulation
- Frugal innovation of ABS through mechanical system poses challenges for motorcycle segment
Global Automotive Anti-Lock Braking System Market Trends
- ABS, ACC, ESC, and AEB: Hallmarks for safer driving
- Focus by automotive governing councils to create awareness for braking system will drive adoption of ABS
- Discounts on premium by insurance providers for vehicles with ABS
- Technical evolution is shifting ABS from accessories to standard fitment in motorcycle segment
- Development of one-channel ABS in motorcycle segment is driving adoption of ABS in emerging markets such as India
Key questions answered in Global Automotive Anti-Lock Braking System Market Report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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List of Exhibits in Global Automotive Anti-Lock Braking System Market Report:
- Exhibit 01: Scope of the report
- Exhibit 02: Definition of products and markets
- Exhibit 03: Product offerings
- Exhibit 04: Global four wheelers market 2016-2021 (units in millions)
- Exhibit 05: Global passenger cars market 2016-2021 (units in millions)
- Exhibit 06: Global commercial vehicles market 2016-2021 (units in millions)
- Exhibit 07: Global motorcycles market 2016-2021 (units in millions)
- Exhibit 08: ABS penetration in global four wheeler market 2016-2021
- Exhibit 09: ABS penetration in global two wheeler market 2016-2021
- Exhibit 10: Causes and effects of malfunction of automotive ABS
And continued….
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Mr. Ameya Pingaley
Absolute Reports
+1-408 520 9750
Email: [email protected]
