Global Anti-Lock Braking System Market 2016-2020

Market outlook of the anti-lock braking system market

Technavio’s research analyst predicts the global anti-lock braking system market to grow at a CAGR of around 6% during the forecast period. An increased focus on vehicle safety backed by government support for safety systems is driving the ABS market. In the past, ABS was largely restricted to high-end luxury vehicles; however, OEMs and tire suppliers have actively invested to reduce the cost of ABS systems so that these systems can be used in mass mid segment vehicles.

There have been an increasing number of road deaths due to vehicle accidents, especially due to improper braking sequence. Various government regulations in this regard focus on the need to implement ABS to reduce road accidents. Many programs that direct and regulate safety requirement for OEMS are being established in emerging countries in Asia and Africa. It is expected to drive the adoption of ABS in these regions over the next four years.

Geographical segmentation and analysis of the anti-lock braking market

• APAC
• EMEA
• Americas

APAC is the largest market for ABS due to the sheer automotive volume of this region, with China and India being the largest market for automotive production and the Americas and EMEA regions closely follow.

Competitive landscape and key vendors

The global automotive ABS market is a highly fragmented, with the presence of many global and regional vendors. The market is largely dependent on automobile sales and is driven by the increase in automotive production. The ABS market sees constant innovations and development of new products resulting in intense competition among automotive ABS manufacturers.

The leading vendors in the market are:

• Delphi
• Autoliv
• Bosch
• Continental

Other prominent vendors in the market include Aisin Seiki, Haldex, Hitachi Automotive System and Jiaozuo.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global ABS market?
• What are the key market trends impacting the growth of the ABS 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 vendors in the global ABS market?
• 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 ABS market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Automotive Active Safety Market 2015-2019
• Global Automotive On-Board Diagnostics Market 2015-2019