Anti-lock braking systems (ABS) are designed for enhancing the vehicle control and supporting to avoid wheel lock during the emergency stop situations and support OEM regulatory requirements. The emergency braking or even braking on a slippery or wet surface may cause the vehicle wheels to lock. Locking wheels reduce the adhesion between the road surface and tires, which in turn makes the vehicle unsteerable. The antilock braking system, thus, prevents the wheels from locking and facilitates safe braking. Some of the benefits of these braking systems include stability during a braking maneuver, improved steerability, and prevention of tire damage in emergency braking.
The key factors that are contributing to the growth of the anti-lock braking system market are rising number of an auto collision, increased safety awareness and the technological advancements for ensuring the safety of the passengers and vehicle. However, the high cost of maintenance and fluctuations in the prices of raw materials are anticipated to hinder the market growth.
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Leading Anti-lock Braking System Market Players:
1. AISIN SEIKI Co., Ltd.
2. Aptiv PLC
3. Continental AG
4. DENSO CORPORATION
5. Hitachi Automotive Systems Americas, Inc.
6. Hyundai Mobis
7. Nissin Kogyo Co., Ltd.
8. Robert Bosch GMBH
10. ZF Friedrichshafen AG
The exclusive report on Anti-lock Braking System Market research report has been formulated with the help of extensive primary research (inputs from industry experts, companies, and stakeholders) and secondary research to get a universal view of the market. The report gives in-detailed information across global regions, including North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America & Central America (SCAM). We follow an iterative research methodology model to formulate the report that helps decision-makers take sound investment evaluation. Secondary research is carried out using internal and external sources to obtain qualitative and quantitative information of the market backed by the primary interview of KOLs and SME’s. This model negates any drastic deviation in the market estimation and is used to estimate the Anti-lock Braking System Market size and forecasts until 2027.
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Anti-lock Braking System Market to 2027 – Global Analysis and forecast is a specialized and in-depth study of the Virtual Reality industry with a focus on the global market trend. The report provides an overview of global Anti-lock Braking System Market with detailed market segmentation by product/application and regions.
The global Anti-lock Braking System Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the key players and offers key trends and opportunities in the market.
The Anti-lock Braking System Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Anti-lock Braking System Market based on product and application. It also provides market size and forecast till 2027 for overall Anti-lock Braking System Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America and Central America (SCAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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Also, key Anti-lock Braking System Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, key development in past five years.
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