Global Automotive Anti-Lock Braking System Market 2017-2021

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

• Americas
• APAC
• EMEA

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:

• Global Commercial Vehicle Anti-Lock Braking System Market 2016-2020
• Global Motorcycle Anti-Lock Braking System Market 2016-2020
• Global Anti-Lock Braking System Market 2016-2020
• Global Automotive Advanced Emergency Braking System Market 2016-2020