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Favorable Legislation to Boost the Global Automotive Anti-lock Braking System Market Through 2021, Says Technavio

Technavio has published a new report on the global automotive anti-lock braking system (ABS) market from 2017-2021. (Photo: Business Wire) Multimedia Gallery URL

LONDON--(BUSINESS WIRE)--

According to the latest market study released by Technavio, the global automotive anti-lock braking system (ABS) market is expected to grow at a CAGR of close to 9% during the forecast period.

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This research report titled ‘Global Automotive Anti-Lock Braking System Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The market research analysis categorizes the global ABS market into three major product segments. They are:

  • Passenger cars
  • Commercial vehicles
  • Motorcycles

Global automotive ABS market in passenger cars segment

The imposition of safety regulations is expected to drive the acceptance of ABS in passenger cars in emerging markets such as India to influence the growth of ABS in passenger cars segment during the forecast period. Further, the rise in the sales of passenger vehicles globally will drive the demand for ABS during the forecast period.

Bharat New Vehicle Safety Assessment Programme (BNVSAP) will come into effect in October 2017 in India. This will mandate airbags, ABS, and seatbelt reminder in passenger cars. The implementation of this regulation will drive the market for ABS in 2017 owing to the higher consumption of passenger cars in India. Therefore, the growth rate of ABS in the passenger cars segment will witness a strong shift in 2018. Moreover, 80% of the passenger cars in China are equipped with ABS, and the number will increase to 100% during the forecast period.

Global automotive ABS market in commercial vehicles segment

The market for ABS in the commercial vehicles segment is driven by the enforcement of regulations. For instance, India has mandated ABS for all commercial vehicles weighing 12 tons or more effective since October 2015. This has led to the market achieving its full potential in the developed regions while the developing regions continue to witness increased uptake during the forecast period.

“The increasing incidence of vehicle collisions has forced fleet operators to adopt safety systems in commercial vehicles, thereby influencing the growth of the market in this segment. Also, a significant rise in freight transportation requirements has led to an increase in demand for commercial vehicles, which augurs well for the growth of the ABS market,” says Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics research.

Global automotive ABS market in motorcycles segment

The growth of the ABS in the motorcycle segment is also attributed to the rising sales of luxury and ultra-luxury motorcycles. These motorcycles will drive the demand for multiple channel ABS through OEMs.

“The increasing sales of ultra-luxury and luxury motorcycles is being powered by the growing preference for touring and electrification,” says Siddharth.

Moreover, legislations such as mandatory ABS for motorcycles above 125 cc from April 2017 in India will drive the adoption of ABS in the mass segment motorcycles. Europe mandated motorcycle anti-lock brakes from 2016 on all new vehicles. These factors will contribute significantly to the adoption of ABS in the motorcycle segment. Therefore, the segment will witness maximum growth among all segments during the forecast period.

The top vendors highlighted by Technavio’s automotive market research analysts in this report are:

  • Bosch
  • Continental
  • ZF
  • Autoliv
  • WABCO

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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