Global Automotive Anti-Lock Braking System Industry 2019, Deep Market Research Report, Analysis, Forecast and Outlook

Infinium Global Research has added a new report on Global Automotive Anti-Lock Braking System Market. The report covers the analysis of global as well as regional markets of Automotive Anti-Lock Braking System. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global automotive anti-lock braking system market is projected to grow at a CAGR of 8.72% over the forecast period of 2019-2025.

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Automotive Anti-Lock Braking System Market: Industry Insight
The anti-lock braking system market is highly competitive and consolidated in nature. Only the few major players in the market control a large part of the market share. The key players in the market including Robert Bosch GmbH, Continental AG, Aptiv PLC, ZF Friedrichshafen AG and others are investing more on broadening the product portfolio that serves a wide variety of customers and their demands.

Automotive Anti-Lock Braking System Market: Drivers, Restraints & Opportunities
The stringent norms related to safety is the major factor that drive the growth of the automotive anti-lock braking system market. Moreover, the increasing number of road accidents is another factor that escalates the growth of the automotive anti-lock braking system market. Furthermore, a number of programs for awarding safety ratings to the vehicles contributes to the growing demand for automotive anti-lock braking system. However, the fluctuation in prices of raw material is anticipated to hamper the growth of automotive anti-lock braking System. Additionally, the improving legislations in developing countries is predicted to provide beneficial growth opportunities for the players in the automotive anti-lock braking system market.

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Automotive Anti-Lock Braking System Market: Segmentation
The automotive anti-lock braking system market is segmented on the basis of sub-systems, and vehicle type. The sub-systems of the automotive anti-lock braking system includes sensors, electronic control unit (ECU) and hydraulic unit. The vehicle type of the automotive anti-lock braking system market includes motorcycles, passenger vehicle and commercial vehicle. The passenger vehicles segment dominated the market as they are the largest adapter of vehicle safety system due to stringent safety laws and increase in safety concern among consumers.

Automotive Anti-Lock Braking System Market: Regional Insight
Asia-Pacific holds the dominant share in the global automotive anti-lock braking system market. The growing automotive sales coupled with the growing demand for high tech safety features are contributing to the growth of the Asia Pacific automotive anti-lock braking system market. China has the largest fleet of motor vehicles in the world, with 332 million motor vehicles in 2018 including 235 million cars. 

Furthermore, the increase in road safety rules by government, which obligate the vehicles to integrate ABS also favors the growth of the Asia Pacific automotive anti-lock braking system market.  North America is anticipated to hold a significant share owing to the stringent safety regulations, increased rate of adoption of new technologies and large automotive consumption in this region.


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