Overview of the global automotive anti-lock braking system (ABS) market
According to the Technavio’s analyst, the global automotive automotive anti-lock braking system (ABS) market is anticipated to grow at a steady rate and will post a CAGR of close to 9% during the forecast period. 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. Moreover, some of the technological advancements included in the commercial vehicles segment are connected truck technologies, improved version of higher Society of Automotive Engineers (SAE) automation levels, and truck platooning.
Th 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. As a result, the insurance providers are encouraged to cover insurance for these vehicles as they receive fewer claims, which further increases the adoption of vehicles with ABS module in the automotive anti lock brakes market.
Competitive landscape and key vendors
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. Furthermore, several other ABS brake manufacturers are increasingly focusing on widening their geographic presence and strategizing ways to penetrate the automotive anti lock brakes market in the APAC region.
Key vendors in this market are -
- Bosch
- Continental
- ZF
- Autoliv
- WABCO
Other prominent vendors in the market include Brakes India, Hyundai Mobis, and Mando.
Segmentation by application and analysis of the automotive ABS market
- Motorcycles
- Passenger cars
- Commercial vehicles
The passenger cars segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the growing volume of adoption of passenger cars is the imposition of stringent regulations by the government to ensure vehicle safety, which, in turn, will drive the growth prospects for this segment in the automotive anti lock brakes market.
Segmentation by geography and analysis of the automotive ABS market
In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the automotive anti lock brakes market during the forecasted period. One of the major factors responsible for the market’s growth in the region is the increasing adoption of passenger cars, CVs, and motorcycles, which indirectly accelerates the adoption rate of anti-lock braking system (ABS).
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global automotive anti-lock braking system (ABS) market?
- What are the key market trends impacting the growth of the global automotive anti-lock braking system (ABS) market?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive anti-lock braking system (ABS) market?
- What are the market opportunities and threats faced by the vendors in the global automotive anti-lock braking system (ABS) market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global automotive anti-lock braking system (ABS) market?
Technavio also offers customization on reports based on specific client requirement.
Related reports:
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Report coverage
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Overview of global four wheelers market
- Overview of global motorcycles market
- Market introduction
- Market dynamics of automotive ABS
- Safety standard frameworks
- Value chain analysis of automotive ABS
PART 05: Market landscape
- Market overview
- Evolution of braking systems to ABS and advances in braking systems
- Automotive ABS components
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Segmentation of global automotive ABS market by application
- Global automotive ABS market in passenger cars segment
- Global automotive ABS market in commercial vehicles segment
- Global automotive ABS market in motorcycles segment
PART 07: Geographic segmentation
- Segmentation of global automotive ABS market by geography
- Automotive ABS market in APAC
- Automotive ABS market in Americas
- Automotive ABS market in EMEA
PART 08: Market drivers
- 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
PART 09: Market challenges
- 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
PART 10: 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
PART 11: Vendor landscape
- Competitive benchmarking
- Other prominent vendors
PART 12: Key vendor analysis
- Bosch
- Continental
- ZF Group
- Autoliv
- WABCO
PART 13: Appendix
PART 14: Explore Technavio