According to the latest market research study by Technavio, the global automotive anti-lock braking system market is expected to grow at a CAGR of close to 9% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global automotive ABS market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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Global automotive ABS market in passenger cars segment: Technavio expects the obligation of safety regulations to drive the acceptance of ABS in passenger cars in emerging markets such as India to influence the growth of ABS in passenger cars segment during the forecast period. Further, the rise in the sales of passenger vehicles globally will drive the demand for ABS during the forecast period.
“The necessity for safety during sudden braking in passenger cars is fostering the demand for ABS across all regions. The safety requirement is fueled by rapid electrification in passenger cars, which gave rise to the adoption of new technologies that increased comfort and safety of the drivers,” says Siddharth Jaiswal, a lead analyst at Technavio for research on automotive electronics.
Global automotive ABS market in commercial vehicles segment: The enforcement of regulations is driving growth in the ABS in the commercial vehicles segment. The regulations has led the market to achieve full potential in the developed regions while the developing regions are expected to witness increased acceptance during the forecast period. Regulations for ABS suppliers in the developing regions is likely to have a significant impact on the market growth during the forecast period. For instance, India has mandated ABS for all commercial vehicles weighing 12 tons or more sold in the country from October 2015.
Global automotive ABS market in motorcycles segment: Technavio expects the motorcycle market in emerging regions like India and China to grow at a steady rate during the forecast period. The increasing adoption of the ABS in motorcycles will drive the demand during the forecast period. The adoption of one channel and multiple channel ABS depending on the vehicle will increase in all categories of motorcycles during the forecast period.
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The top vendors operating in the global automotive ABS market are:
- Bosch
- Continental
- ZF
- Autoliv
- WABCO
The other prominent vendors in the market include Brakes India, Hyundai Mobis, and Mando.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Automotive ABS Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other 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
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