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The global Automotive anti-lock braking system Sales has been segmented based on sub-systems and vehicle type.
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Automotive anti-lock braking system (ABS) Sales Research Report By Forecast 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Automotive anti-lock braking system (ABS) Sales Forecast To 2023 Automotive anti-lock braking system (ABS) Sales Forecast To 2023 • Anti-lock braking systems have become a vital safety feature in cars as well as vehicles. They help to prevent accidents by facilitating better control over the vehicle. Automotive anti-lock braking system uses a different mechanism as compared to traditional brakes which help in the maintenance of stability and control over steering. A comprehensive report has been launched on the global automotive anti-lock braking system market by Market Research Future (MRFR) with key insights on the market along with forecasts for the period of 2017-2023. MRFR has projected a CAGR of 7% in the global automotive anti-lock braking system market. • ABS is highly useful in poor weather conditions and help to navigate through wet or slippery roads. ABS help to mitigate the risk of accidents in the event of the sudden appearance of any animal or period. ABS monitor the speed of wheels and releases the brake in case any potential locking of wheels is detected. The surge in the incidence rate of road accidents has led to the increased adoption of ABS in the automotive industry, which is substantiating the growth of the market. www.marketresearchfuture.com
Automotive anti-lock braking system (ABS) Sales Forecast To 2023 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on Automotive anti-lock braking system (ABS) Sales Forecast To 2023” • Automotive OEMs are exhibiting mounting interest in the incorporation of anti-lock braking system in vehicles which is generating considerable demand within the market. It helps them to stay compliant with the latest safety regulations which have been enacted by regulatory authorities. In multiple countries, the integration of ABS is being mandated, which is likely to support the market growth further. • Rigorous R&D activities are underway to improve these systems in terms of balancing the ratio of the brake application force between front and rear wheels, which is likely to provide opportunities to the growth of the market www.marketresearchfuture.com
Automotive anti-lock braking system (ABS) Sales Forecast To 2023 Global Automotive anti-lock braking system (ABS) Sales Segmented on the basis of The global automotive anti-lock braking system market has been segmented based on sub-systems and vehicle type. By sub-systems, the automotive anti-lock braking system market has been segmented into sensors, hydraulic unit, and electronic control unit. By vehicle type, the automotive anti-lock braking system market has been segmented into two-wheelers, passengers’ cars, and commercial vehicles. www.marketresearchfuture.com
Automotive anti-lock braking system (ABS) Sales Forecast To 2023 Global Automotive anti-lock braking system (ABS) Sales - Geographical Analysis • Region-wise, the global automotive anti-lock braking system market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC). • APAC market is likely to spearhead the global automotive anti-lock braking system market and capture the highest CAGR over the forecast period. High incidents of road accidents and consequent rules and regulations imposed by regulatory authorities have boosted the growth of the market. Various countries in the region have mandated vehicles to be equipped with anti-lock braking systems. China is expected to domineer the APAC market. The presence of an established automotive industry also generates substantial demand for anti-lock braking systems. • The Europe automotive anti-lock braking system market is driven by increasing adoption of safety systems in the developed economies of the region such as the US, Germany, and Spain. The region has enacted various strict regulations for the incorporation of safety features in vehicles to reduce the surging incidence rate of road accidents. Moreover, the expanding automotive industry is favoring the growth of the market. The automotive OEMs are demonstrating heightened interest in the integration of ABS in vehicles. • Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5413 www.marketresearchfuture.com
Automotive anti-lock braking system (ABS) Sales Forecast To 2023 Global Automotive anti-lock braking system (ABS) Sales - Competitive Analysis • Autoliv Inc. (Sweden), WABCO Vehicle Control Systems (Belgium), Hyundai Mobis (South Korea), Nissin Kogyo Co., Ltd. (Japan), Hitachi Automotive Systems, Ltd. (Japan), Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Advics Co., Ltd. (Japan), and TRW Automotive (U.S.) are the key players in the automotive anti-lock braking system market. • Industry Updates • April 2019 - The Government of India mandated all four- and two-wheelers manufactured in the country to be compulsorily equipped with ABS or an Anti-Lock Braking System. The step comes a measure to improve road safety in the country. The rule directs all new two-wheelers over 125cc to be fitted with ABS while models below 125cc to have a combi-braking system (CBS) compulsorily. • Browse Report @ https://www.marketresearchfuture.com/reports/anti-lock-braking-system-market-5413 www.marketresearchfuture.com
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