Industry Background:
Anti-lock braking system offers an important safety advantage by stopping vehicle’s wheels from locking during emergency braking situations. An ABS does not necessarily shorten stopping distance but does allow to keep steering control and drive vehicle more effectively and this is major driver for the growth of the anti-lock braking system market. The modern anti-lock braking system allows steering during braking which gives more control over the vehicle in case of sudden braking, and slippery surfaces and this has projected to significant growth of the anti-lock braking system market over the forecast period.This growth is primarily driven by Increasing Demand for Safety Features and Government Strict Regulation Regarding the Vehicles Safety Globally.
Globally, a noticeable market trend is evident Government Regulations Driving the Adoption of ABS in Passenger Cars. Major Vendors, such as Bosch (Germany), BeijingWest Industries (China), Continental AG (Germany), Honda Motor Company, Ltd. (Japan), ZF Friedrichshafen AG (Germany), Autoliv Inc. (Sweden), WABCO (France), Brakes India Private Limited (India), Hyundai Mobis (South Korea) and Mando Corporation (South Korea) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
In 2017, the Ministry of Road Transport and Highways (MoRTH) in India, has released a notification, where ABS is mandatory for all new passenger cars from April 2019.
Market Drivers
- Increasing Demand for Safety Features
- Government Strict Regulation Regarding the Vehicles Safety Globally
Market Trend
- Government Regulations Driving the Adoption of ABS in Passenger Cars
Restraints
- Intense Competition among the Competitors
Opportunities
Increased Safety Awareness and Technological Advancements are Expected to Favorably Impact Anti-Lock Braking System
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Anti-Lock Braking System Study Sheds Light on
The Anti-Lock Braking System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Anti-Lock Braking System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Anti-Lock Braking System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.