Global Automotive Anti-Lock Breaking System Market, By Sub-Systems (Sensors, Electronic Control Unit, Hydraulic Unit), Vehicle Type (Two-Wheelers, Commercial Vehicles, Passenger Vehicles), End Use (OEM, Replacement Demand), 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, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Automotive Anti-Lock Breaking System Market
Data Bridge Market Research analyses that the automotive anti-lock breaking system market would exhibit a CAGR of 8.2% for the forecast period.
Anti-lock braking systems are a sort of technology that provides the driver with safe braking mechanisms as well as assistance with steering and vehicle management. These systems help to keep vehicles from skidding even on wet conditions, and they provide a number of advantages, including shorter braking time and distance, as well as less tier wear and tear.
The automotive anti-lock braking system market is primarily driven by the growing demand for vehicle safety and control systems, such as anti-lock brakes (ABS), in automobiles. Furthermore, the implementation of strict regulations dictating safety standards, and the launch of various programmes highlighting the importance of vehicle safety, has fuelled market expansion. In addition to this, other factors involving rising consumer safety concerns, combined with increased awareness of the benefits of ABS, such as shorter braking distances, high compatibility with all road conditions, and decreased wear-and-tear, have boosted product demand. Several technological advancements and the widespread trend of automation will accelerate the market growth.
Moreover, development of advanced braking system for two wheelers and entry of market’s leading players into untapped markets of developing countries will carve the beneficial opportunities for the growth of automotive anti-lock braking system market.
However, high costs involved with the installation and maintenance of ABS in automobiles and variable raw material prices, are projected to stymie revenue growth. The market would be further challenged by the prevalence of counterfeit parts and their low cost when compared to legitimate manufacturer's parts.
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.
Global Automotive Anti-Lock Breaking System Market Scope and Market Size
The automotive anti-lock breaking system market is segmented on the basis of sub-systems, vehicle type and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of sub-systems, the automotive anti-lock braking system market is segmented into sensors, electronic control unit and hydraulic unit.
- On the basis of vehicle type, the automotive anti-lock braking system market is segmented into two-wheelers, commercial vehicles and passenger vehicles.
- On the basis of end use, the automotive anti-lock braking system market is segmented into OEM and replacement demand.
Automotive Anti-Lock Breaking System Market Country Level Analysis
The global automotive anti-lock braking system market is analysed and market size insights and trends are provided by country, sub-systems, vehicle type and end use 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 Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, 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 and will continue to flourish its trend of dominance during the forecast period due to the rise in vehicle production and sales in this region. North America region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the rising investment in research support and development of vehicle safety features in this region.
The country section of the automotive anti-lock braking system market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Automotive Anti-Lock Breaking System Market Share Analysis
The 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, global presence, production sites and facilities, production capacities, 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 the automotive anti-lock braking system market report are DENSO CORPORATION, AKEBONO BRAKE INDUSTRY CO., LTD, Mando Corp., Robert Bosch GmbH, Continental AG, Panasonic Automotive Systems Europe GmbH, Visteon Corporation, Nippon Seiki Co., Ltd., YAZAKI Corporation, Garmin Ltd., ALPS ALPINE CO., LTD., Mitsubishi Electric Corporation, Clarion Computers Pvt. Ltd., SANDEN HOLDINGS CORPORATION., TOYOTA INDUSTRIES CORPORATION, Hitachi, 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.
SKU-