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Anti-lock Braking System (ABS) Market by Sub-Systems and Vehicle Type, Industry Forecast - 2022

Read more: https://www.alliedmarketresearch.com/anti-lock-braking-system-ABS-market<br><br>Global Anti-lock Braking System (ABS) Market is expected to garner $41 billion by 2022, registering a CAGR of 8.2% during the forecast period 2016-2022. Anti-lock braking system (ABS) is an active safety system for automobiles that helps to avoid accidents and supports the driver to reach the destination safely.

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Anti-lock Braking System (ABS) Market by Sub-Systems and Vehicle Type, Industry Forecast - 2022

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  1. Anti-lock Braking System (ABS) Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022

  2. Introduction • Anti-lock braking system (ABS) is an active safety system for automobiles that helps to avoid accidents and supports the driver to reach the destination safely. ABS allows the wheels of an automobile to maintain traction according to driver’s input while braking to prevent the wheels from locking up and avoid uncontrolled skidding. ABS offers improved vehicle control and decreases stopping distances on various type of surfaces; however, on loose gravel or snow-covered surfaces, ABS can significantly improve vehicle control and manoeuvrability. • Growth in demand for safety features, technological advancement, and increase in global safety protocols for vehicle safety drives the ABS market. The development of advanced braking systems for two wheelers, and expansion in untapped market of developing countries like China, India, Indonesia, and Brazil, are expected to boost the market growth. However, high maintenance cost and high safety standard ratings of ABS systems are the limitations that restrict the market growth. Anti-lock Braking System (ABS) Market

  3. Current and Future Market Scenario • In the year 2015, passenger cars led the market revenue, and this segment is projected to grow at a CAGR of 7.6% during the forecast period • The ABS Market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 8.2% during the forecast period. • Global anti lock braking system market is expected to garner $41 billion by 2022. •  Asia-Pacific led the market in 2015, with a revenue contribution of around 31%. Anti-lock Braking System (ABS) Market

  4. Passenger Cars Leads the ABS Market Passenger cars comprise of vehicles such as sedans, hatchback, sports utility vehicles (SUV), Multi utility vehicles (MUV), and electric cars (BEC, PEV, and BHEV). The global automotive industry exhibited sales of approximately 66 million passenger cars in 2015.  Anti-lock Braking System (ABS) Market

  5. Dominating Segments • Asia-Pacific accounted for the majority of revenue in 2015, and is expected to maintain its dominance till 2022. • This is attributed to the increased adoption of safety features like ABS and ESC in vehicles, rise in sales of two wheelers, and laws and regulations enforced by government regarding installation of ABS in vehicles.  • America dominates the market in terms of commercial vehicles production, as majority of commercial vehicles suppliers are located in this region. • China is expected to be the dominant country in Asia-Pacific, especially in the two wheelers and passenger cars segment. Anti-lock Braking System (ABS) Market

  6. Top Winning Strategy: Global ABS Market Currently, product launch strategy drives the market, accounted for around 48% of total strategies adopted by key players. Leading ABS manufacturer such as Continental AG and Bosch expand their business by launching advance ABS, which can be combined with ESC or ADAS. Anti-lock Braking System (ABS) Market

  7. Market Segmentation Anti-lock Braking System (ABS) Market

  8. Region Overview • Asia-Pacific is projected to be the fastest growing region, throughout the analysis period. • China is the major shareholder and accounted for about 60% of the Asia-Pacific ABS market in 2015. • India is expected to be the fastest growing country analyzed for ABS market and expected to exhibit double digit growth during the forecast period. • Technological advancements for low cost, light weight, and high-quality ABS in India, Malaysia, and China offer a lucrative opportunity for the ABS market growth. Anti-lock Braking System (ABS) Market

  9. Leading Players • The leading players in the Anti-lock Braking Systemindustry are highly focused to expand their business operations in the fast-growing emerging countries with new product launches as the preferred strategy. • Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv Inc. (Sweden), Nissin Kogyo Co. Ltd. (Japan), WABCO (Belgium), ZF TRW (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (U.S.), and ADVICS Co., Ltd. (Japan) are key players in this industry. Anti-lock Braking System (ABS) Market

  10. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/anti-lock-braking-system-ABS-market Follow Us On Power Bank Market

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