China Automotive Anti-lock Braking System Industry Report, 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--The “China Automotive Anti-lock Braking System Industry Report, 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
In 2017, 27.7 million sets of automotive ABS were installed in China, up by 5.4% from a year ago. China’s demand for ABS is expected to hit 33.02 million sets in 2023 at a CAGR of 3.0%.
As Chinese automotive industry keeps growing, there are increasingly high requirements on driving safety, thus fueling the demand for automotive anti-lock braking systems (ABS).
Vehicles including hazardous article transport vehicles, semi-trailer towing vehicles, trucks (gross mass = 12 tons), special motor vehicles and trailers (gross mass = 10 tons) shall bear ABS; special motor vehicles (gross mass = 12 tons) shall be equipped with retarders or other braking assist devices, according to the related national safety regulations such as the national standards, Technical Requirements and Testing Methods for Commercial Vehicle and Trailer Braking Systems (GB12676) and Technical Specifications for Safety of Power-Driven Vehicles Operating on Roads (GB7258) which took effect in September 2014. It is stipulated in the GB12676 standard that M2, M3, N2 and 4-axis and below N3 vehicles shall carry ABS from July 1, 2016. ABS demand is on the rise.
The ABS on passenger cars and small commercial vehicles are largely hydraulic ones and the ABS on medium and large-sized commercial vehicles pneumatic ones. As the output and sales of passenger cars far exceeded that of commercial vehicles, 23.49 million sets of ABS were installed in passenger cars in 2017, representing an installation rate of 94.7%. As the standards GB12676 and GB7258 are implemented, the installation rate of ABS in commercial vehicles is predicted to be as high as 100%, which means 4.21 million sets will be installed.
Key Topics Covered:
1 Overview of Industry
2 Chinese Automotive ABS Market
3 China Hydraulic ABS Market
4 Chinese Pneumatic ABS Market
5 Global Companies
6. Chinese Companies
Companies MentionedShanghai Automotive Brake Systems Co., Ltd. (SABS) Bosch Continental Continental Automotive Changchun Co., Ltd. ZF ADVICS Tianjin Automobile Parts Co., Ltd. ADVICS Guangzhou Automobile Parts Co., Ltd. Mando Nissin Wanxiang Qianchao Zhejiang Asia-pacific Mechanical & Electronic WABCO Guangzhou Ruili Kormee Automotive Electronic Zhejiang VIE Science & Technology JuNeng Chongqing JUNENG Hyundai Mobis KNORR HUAYU Automotive Systems Wuhu Bethel Automotive Safety Systems Fawer Automotive Parts Dongfeng Electronic Technology BWI Group For more information about this report visit https://www.researchandmarkets.com/research/3ctqtq/china_automotive?w=4
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Related Topics:Brake Systems and Components
KEYWORD: ASIA PACIFIC CHINA
INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/12/2018 02:30 PM/DISC: 09/12/2018 02:30 PM