Europe Anti-Lock Braking System (ABS) Market By Sub-System Type (Sensor, Electronic, Hydraulic Unit), Vehicle Type (Passenger Cars, Commercial Vehicles, Motor Cycle)
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Europe Anti-Lock Braking System Market Size would grow at 7.6% CAGR during 2016-2022.
Anti-lock braking system (ABS) is the technology, which acts as a safety system and is a great technology that minimizes accidents as it offers better road grip. ABS is designed to interpret inputs from the driver in the instances of braking to maintain traction, and as a result prevent wheels from locking up and provide better road grip. Better level of vehicle control is a direct benefit of ABS and to add to it, on loose gravel ground instances or snow-covered surfaces, ABS can significantly improve vehicle control and maneuverability. The Europe region includes Germany, UK, France, Italy, Spain, and Russia.
The growth of the global ABS market can be attributed primarily to the need for safety measures both on the demand and supply side. Stringent laws by the governments around the world have compelled the automobile manufacturers worldwide to work towards incorporating vehicle safety systems such as ABS, Electric Stability Control (ESC), chassis control, and driver assistance systems.
Ever increasing incidences of road accidents and the need to adhere to safety protocols are the major driving factors for the growth of the ABS market within the two-wheelers segment. The report highlights the adoption of Anti-lock Braking System (ABS). Based on Sub System Type, the Europe Anti-lock Braking System (ABS) market is bifurcated into Sensor, Electronic Control Unit segment and Hydraulic Unit.
Based on Vehicle Type, the Europe Anti-lock Braking System (ABS) market is bifurcated into Passenger Cars, Commercial Vehicles and Motor Cycle. Based on Country, Europe Anti-Lock Braking System (ABS) Market is Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant Country in the Europe Anti-Lock Braking System (ABS) Market (ADAS) market in 2015.
Italy would witness highest CAGR during the forecast period (2016-2022). The report covers the analysis of key stakeholders of the Anti-Lock Braking System (ABS) Market. Key companies profiled in the report include Magna International, Inc., Autoliv Inc., Continental AG, Denso Corporation, Valeo S.A., Robert Bosch GmbH, Ford Motor Company and BMW AG.