Anti-lock braking system (ABS) is a safety system for automobiles which is intended to keep the wheel rotating and to prevent the skidding of the vehicle. Mechanical anti-lock systems were developed originally in the late 1920s for use in aircrafts. This mechanical systems witness was used at limited instances in vehicles at that time, but never found widespread usage, owing to its unreliability and high price tag. However, anti-lock braking systems are now a standard feature in most of the vehicles and it offers expanded functions as well. Anti-lock braking systems are already mandatory in the developed regions of North America and Europe, while the stringent legislations and safety norms in the developing countries are set to rapidly generate demand for these systems, thereby creating high growth opportunities for the anti-lock braking systems market.

The expanding number of deaths brought on because of street mishapshas constrained the administration in numerous regions to actualize stringent guidelines and regulations, and deploy ABS in all vehicles, and this is steadily boosting the growth of the global market. For instance, the Road Transport Ministry of India reported in September 2015 that every one of the models of bikes should be fitted with combined braking system (CBS) and anti-lock braking system by 2018. Other than allowing the driver to maintain the directional stability of the vehicle and control over steering during braking there are other importance of ABS which adds to its features. It helps the car to take sharp corners more quickly and safely. ABS acts as traction control and the classic case is that of the modern Range Rover which uses the in-built ABS to gently brake a slipping wheel to help restore traction and grip.Further, anti-lock braking systems function efficiently to make a vehicle come to halt quickly. Anti-lock braking systems help to absorb the turbulence shock waves and also modulates the pulses, therebyallowing the wheel to continually turn under maximum braking pressure. Thus, the usage of anti-lock braking systems in self-breaking systems is rising significantly. However, inconsistent stop times and high cost associated with these systems are posing to be a restraint to the growth of the global market.

The global automotiveanti-lock braking systemmarket can be segmented, by components into speed sensors, hydraulic motor, pressure release valves,brake calipers and control module.On the basis of types of the global market can be classified into Four-Channel, Four-Sensor; Three-Channel, Three-Sensor and One-Channel, One-Sensor. In addition, the market can be geographically divided broadly into five regions, namely: North America, Europe, Asia Pacific, South America and Middle East and Africa.The anti-lock braking system market in North America and Europe has a high penetration rate and is already well-established. The deployment of these systems is also witnessing significant growth in the emerging regions of Asia Pacific, South America and Middle East and Africa, owing to the introduction of stringent legislation and policy framework mandating the installation of safety equipment in automobiles, coupled with the consumers’ preference for better safety measures and their rapidly increasing in purchasing power. The developing countries such as Brazil, India, UAE and Russia are expected to record a significant growth in the demand for automotive anti-lock braking systems during the forecast period. However, the largest share of the global market is expected to be held by the major automotive producing countriesof U.K., Germany and China from 2016 – 2024.

The key players in the global automotive anti-lock braking system market include Robert Bosch GMBH (Germany), Hyundai Mobis (South Korea), Continental AG (Germany), Denso Corp. (Japan), TRW Automotive (United States), Autoliv Inc. (Sweden), Hitachi Automotive Systems, Ltd. (Japan), Aisin Seiki Co., Ltd.(Japan),Delphi Automotive PLC (United Kingdom), and Haldex Corp.  (Sweden) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Anti-Lock Braking System Market