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(Transportation-News.com, January 12, 2018 ) According to Publisher, the Global Anti Lock Braking System (ABS) Market is accounted for $24.62 billion in 2016 and is expected to reach $46.11 billion by 2023 growing at a CAGR of 9.4% from 2016 to 2023. ABS market is attributed with several benefits such as abridged tier wear, constant braking and compact braking distance. The key factors that drive the growth of the market include rising number of auto collision, enlarged safety awareness, development of advance braking system for two wheelers, improving technical advancements and strict rules related to safety. However, uncertain raw material and commodity prices, high cost of maintenance and more safety standard ratings are reflecting the market growth.
For more information http://www.reportsweb.com/anti-lock-braking-system-global-market-outlook-2017-2023
In 2016, passenger cars segment accounted for the largest share of the Anti-lock Braking System (ABS) market owing to increasing consumer safety concern and strict safety laws in developed regions. By geography, Asia Pacific is anticipated to be the fastest growing market during the forecast period due to complete automotive volume and growing diffusion rate for ABS and ECS technologies. China is projected to dominate the APAC ABS market owing to augmented road accidents and rules & regulation imposed by government in installing ABS system.
Some of the key vendors in this market include Robert Bosch GMBH, TRW Automotive, Denso Corporation, Hyundai Mobis, Autoliv Inc., Delphi Automotive Plc, Contenental Ag, Aisin Seiki Co., Ltd., Haldex AB, Hitachi Automotive Systems, Ltd., Jiaozuo, Nissin Kogyo Co., Hyundai Mobis Co., ADVICS Co., Ltd. and Zhejiang Wangxiang.
Sub System Types Covered:
-Hydraulic Unit
-Electronic Control Unit
-Sensor
Vehicle Types Covered:
-Two-Wheelers
-Passenger Cars
-Commercial Vehicles
Components Covered:
-Controllers
-Pumps
-Valves
-Speed Sensors
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Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-UK
-Italy
-France
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-South Korea
-Rest of Asia Pacific
-South America
-Argentina
-Brazil
-Chile
-Rest of South America
-Middle East & Africa
-Saudi Arabia
-UAE
-Qatar
-South Africa
-Rest of Middle East & Africa
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ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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