Global Anti Lock Braking System (ABS) Market is Expected to Reach $46.11 billion by 2023

Report Sellers has added a new market research report “Anti Lock Braking System (ABS)- Global Market Outlook (2017-23)” to its offerings.

According to Report, the Global Anti Lock Braking System (ABS) Market is accounted for $24.62 billion in 2016 and is expected to reach $46.11 billion by 2023 growing at a CAGR of 9.4% from 2016 to 2023. ABS market is attributed with several benefits such as abridged tier wear, constant braking and compact braking distance. The key factors that drive the growth of the market include rising number of auto collision, enlarged safety awareness, development of advance braking system for two wheelers, improving technical advancements and strict rules related to safety.

In 2016, passenger cars segment accounted for the largest share of the Anti-lock Braking System (ABS) market owing to increasing consumer safety concern and strict safety laws in developed regions. By geography, Asia Pacific is anticipated to be the fastest growing market during the forecast period due to complete automotive volume and growing diffusion rate for ABS and ECS technologies. China is projected to dominate the APAC ABS market owing to augmented road accidents and rules & regulation imposed by government in installing ABS system.

Some of the key vendors in this market include Robert Bosch GMBH, TRW Automotive, Denso Corporation, Hyundai Mobis, Autoliv Inc., Delphi Automotive Plc, Contenental Ag, Aisin Seiki Co., Ltd., Haldex AB, Hitachi Automotive Systems, Ltd., Jiaozuo, Nissin Kogyo Co., Hyundai Mobis Co., ADVICS Co., Ltd. and Zhejiang Wangxiang.

Browse through the complete description and in-depth TOC on “Global Anti Lock Braking System Market”
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What does the Report Offers

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players 
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments

 
Report Scope

Global Anti Lock Braking System Market has been segmented by sub system types covered, vehicle types covered, components covered and regions covered

Sub System Types Covered:
Hydraulic Unit
Electronic Control Unit
Sensor

Vehicle Types Covered:
Two-Wheelers
Passenger Cars
Commercial Vehicles

Components Covered:
Controllers
Pumps
Valves
Speed Sensors

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK 
Spain 
Rest of Europe 
Asia Pacific
Japan 
China 
India 
Australia 
New Zealand 
South Korea
Rest of Asia Pacific 
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

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