World Anti-Lock Braking System Sector Analysed by Infiniti Research in New Report Available at MarketPublishers.com21 Mar 2016 • by Natalie Aster
LONDON – The worldwide ABS market is expected to grow at a CAGR of close to 6% through to 2020. The main factors fueling the demand for automotive anti-lock braking systems include stringent safety regulations, enhanced safety awareness, technological advances, affordability as well as the New Car Assessment Programme (NCAP) awarding safety ratings to automobiles based on safety properties. In the forthcoming years, the rising demand for luxury vehicles in APAC and Europe, especially in China, Japan and India, is likely to give a boost to the growth of the market. Sustainable upsurge in the anti-lock braking system market is likely to rely upon oncoming legislations in different countries. Inconsistent stop times are posing a challenge to the market growth.
The APAC region comprises developing countries like China, Thailand and India. Factors like adaptation of safety regulations by governments and/or agencies, and the rise in vehicle sales & safety installations per vehicle are improving the demand for ABS systems. Autoliv, Delphi, Continental and Bosch are some of the dominant players in the market space.
New report “Global Anti-Lock Braking System Market 2016-2020” prepared by Infiniti Research provides an all-encompassing picture of the ABS market on a global level. The report analyses the market size, considering the sales revenue generated from anti-lock braking systems based on the historical pattern with 2015 used as the base year, alongside projecting the future development path of the market to 2020. A granular geographical segmentation is included, and Porter’s five forces analysis is available. The publication canvasses the competitive scenario as well as offers an insightful analysis of the leading market vendors. The report also limelights the key trends in the industry, assesses the factors fueling the market’s expansion and also identifies the challenges that the vendors and the market are being faced with.
Global Anti-Lock Braking System Market 2016-2020
Published: March, 2016
Price: US$ 2,500.00
More reports elaborated by this publisher can be found at Infiniti Research page.