Market Research Future published a half-cooked research report on global car anti lock braking system market. The Automotive Anti-Lock Braking System (ABS) Market is expected to grow at ~7% CAGR during the period 2017 to 2023.
The anti-lock braking system market is driven by the increase in the demand for safety features, technological advancement, and increase in safety protocols for vehicle safety. Various organizations such as New Car Assessment Program and Insurance Institute for Highway Safety require the automobile companies to incorporate safety systems in the vehicles to match the standard safety ratings in the vehicles.
The market is driven by various factors such as the increase in demand for advance safety features, technological advancements, and rapid growth of the automotive industry.
The increase in the demand for vehicle safety and comfort systems in automobiles is leading to the increased use of anti-lock braking system in automobiles. Further, while developing the advanced braking systems for two wheelers, the companies are expanding to tap into the developing markets such as India, Indonesia, and Brazil. This is expected to be an opportunity for the growth of the market and its major players. However, factors such as high maintenance cost and high safety standard ratings of anti-lock braking systems are expected to restrain the growth of the anti-lock braking system market.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
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