Global Hydraulic Anti-Lock Braking System Market is expected to witness a massive growth in the forecast period. Anti-lock braking system (ABS) is an automotive safety system that averts the wheels of any vehicle locking as brake pedal pressure that is applied abruptly in a short stopping distance or an emergency. This enables the driver to have control on the steering to avoid loss of traction and skidding.
The hydraulic anti-lock braking system has become very trending and they are in huge demand by the consumers. It allows the driver to uphold directional stability and helps in controlling the oversteering while pressing the break. The hydraulic anti-lock braking system has the ability to automatically change the brake fluid pressure at each wheel to maintain optimal brake performance. These are the notable factors that are helping the hydraulic anti-lock braking system industry to witness massive growth in the current scenario.
Hydraulic anti-lock braking system absorbs the surplus turbulence shock waves and modifies the pulses. This eventually permits the wheel to continue turning under determined brake pressure, and thus, this becomes a strong purpose to hold the market’s growth. Consumers are preferring this system due to its safety and efficiency. Since the demand has been increasing, new investors are entering into this market and are highly investing, which is also appealing the manufacturers to come up with innovations. These are some of the key reasons that will propel the development of the hydraulic anti-lock braking systems market during the forecast period.
The hydraulic anti-lock braking systems industry is segmented on the basis of product (One channel, one sensor, three channel, three sensor, four channel, four sensor); by end user (passenger vehicles, light truck, mini-cargo buses); by region (North America, Europe, Asia Pacific, Southeast Asia, Middle East & Africa).
Geographically, Asia Pacific has been offering lucrative opportunities to the hydraulic anti-lock braking system market and is expected to be the fastest-growing market over the forecast period. Owing to this, there is an upsurge in the road safety rules in this region by the government such as launching vehicles that consists of a hydraulic anti-lock braking system, which is helping North America to witness a huge hype. Followed by this, North America is anticipated to experience decent progress in the estimated time span. All the other regions like Europe, Southeast Asia and Middle East & Africa are likely to see a minor growth with a slow pace. In the near future, hydraulic anti-lock braking system industry will continue to come up with some extraordinary product innovations to attract new consumers and investors, for them to continue the domination.
Some of the significant key players profiled in the hydraulic anti-lock braking systems market report are Nissin Kogyo, TRW, Advics, Autoliv, Robert Bosch, Hitachi Automotive Systems, Wabco, Denso Corporation, Hyundai Mobis, Continental and ZF. All the leading companies are including mergers and acquisitions, partnerships and joint ventures to enhance the growth of the market efficiently.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Hydraulic Anti-Lock Braking System in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Hydraulic Anti-Lock Braking System market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Robert Bosch
• Nissin Kogyo
• Hyundai Mobis
• Denso Corporation
• Hitachi Automotive Systems
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Four Channel, Four Sensor
• Three Channel, Three Sensor
• One Channel, One Sensor
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Hydraulic Anti-Lock Braking System for each application, including
• Passenger Vehicles
• Light Truck
• Mini Cargo-buses
Research Support Specialist, USA