Global Anti Lock Braking System
Market Report
2024
The Global Anti Lock Braking System market size is USD 42154.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 9.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Anti Lock Braking System market size is USD 42154.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 9.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Anti Lock Braking System Market Sales Revenue 2023 | $ 42154.2 Million |
Global Anti Lock Braking System Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.8% |
North America Anti Lock Braking System Sales Revenue 2023 | $ 16861.7 Million |
North America Anti Lock Braking System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
Europe Anti Lock Braking System Sales Revenue 2023 | $ 12646.3 Million |
Asia Pacific Anti Lock Braking System Sales Revenue 2023 | $ 9645.47 Million |
Asia Pacific Anti Lock Braking System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.8% |
South America Anti Lock Braking System Sales Revenue 2023 | $ 2107.71 Million |
South America Anti Lock Braking System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.2% |
Middle East and Africa Anti Lock Braking System Sales Revenue 2023 | $ 843.08 Million |
Middle East and Africa Anti Lock Braking System Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.5% |
Market Split by Type |
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Market Split by Vehicle Type |
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Market Split by Component |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Anti Lock Braking System Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The anti-lock braking systems (ABS) market encompasses the industry that produces, develops, and integrates systems to avoid wheel lock-up during braking, improving vehicle safety. ABS technology modulates brake pressure to reduce skidding and maintain traction, resulting in optimal vehicle control and steering response. It is essential to contemporary car safety to reduce accidents and enhance overall driving stability. This market includes producers, distributors, and service providers who work on the development, installation, and upkeep of ABS in different types of vehicles, such as cars, trucks, and motorbikes. Driven by developments in vehicle technology and regulatory constraints, the ABS industry continues to evolve as concerns about road safety grow.
The anti-lock brake systems (ABS) market is driven by increased automobile production worldwide and demand, particularly in developing economies. Growing consumer appetite for modern safety technologies and increased understanding of safety features, such as ABS, are the main causes behind the increased emphasis on these characteristics. As governments prioritize road safety, mandatory installation rules in many countries play a vital role in driving market expansion. The automobile sector's ongoing shift to higher safety regulations aligns with consumer expectations, which is why there is a strong market for ABS. This pattern is anticipated to continue, with the global increase in vehicle production and safety consciousness positioning the ABS market for steady expansion.
The Anti-Lock Braking System (ABS) is essential for increasing road safety since it greatly increases braking stability and control, especially in difficult situations like slick terrain. Its capacity to stop wheel lock-up guarantees the best possible vehicle maneuverability, lowering collision risk. Since the installation of ABS significantly lowers accident and fatality rates, it is very appealing to manufacturers and drivers alike. As a crucial safety element, ABS boosts driver confidence and supports international efforts to reduce traffic accidents, making it an essential part of contemporary cars for preventing accidents and enhancing traffic safety in general.
The Anti-Lock Braking System (ABS) might still provide problems because of the initial expense of cars, even if they have become more reasonably priced. ABS technology may result in a higher initial purchase price, which could affect consumers in specific market segments—particularly those in emerging economies—who are price-sensitive. Automakers must strike a balance to meet safety regulations while considering market factors, as affordability issues can potentially affect consumer choices and purchase decisions. Resolving pricing issues is essential to ensuring wider accessibility and adoption of ABS technology as it develops, balancing safety improvements with affordability for various consumer groups.
The COVID-19 epidemic significantly affected the Anti-Lock Braking System (ABS) market. Vehicle production and sales declined due to factory closures, global automotive supply chain disruptions, and decreased consumer spending on non-essential items. Lockdown measures also affected maintenance services, which affected the ABS market's replacement and aftermarket segments. Despite these obstacles, the focus on car safety and the legal requirements for installing ABS remained in place. The industry proved resilient, and the post-pandemic automotive scene saw a renewed need for ABS technologies due to the industry's recovery, which was connected to the progressive reopening of economies and an increasing focus on safety.
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The major competitors adapt quickly and adopt new tactics to gain a competitive advantage and seize a substantial portion of the market. Expanding inventive offerings is emphasized by the key players in the Anti-Lock Braking System market to serve a big consumer base and achieve a competitive advantage.
(Source: www.haldex.com/en/europe/haldexnewsroom/More-stories-to-read/2022/haldex-signs-agreement-with-krone/)
Top Companies Market Share in Anti Lock Braking System Industry: (In no particular order of Rank)
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Global Anti Lock Braking System Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Anti Lock Braking System Industry growth. Anti Lock Braking System market has been segmented with the help of its Type, Vehicle Type Component, and others. Anti Lock Braking System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Four-Channel Four-Sensor ABS holds a prominent market share. This advanced system controls the braking force applied to each wheel using four sensors to monitor the individual wheel speeds. This improves stability, safety, and braking performance overall. The general growth of the ABS market is fueled by the growing recognition of Four-Channel Four-Sensor ABS's effectiveness.
Three-Channel Three-Sensor ABS is the fastest-growing category over the forecast period. This device uses three sensors to measure wheel speeds and adjust braking pressure to the best possible level. It improves stability and brake control, especially in difficult circumstances. The market for ABS is expanding due to the increased demand for three-channel, three-sensor ABS and its growing benefits.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Anti Lock Braking System Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Passenger Cars hold a prominent market share. The need for ABS in passenger cars increases as consumers become more conscious of safety features. The passenger automobile segment's adoption of ABS is further fueled by strict safety rules and a focus on minimizing road accidents, supporting the market's growth.
HCV is the fastest-growing category over the forecast period. The need for ABS in HCVs is growing as safety laws get stricter, and the importance of preventing accidents rises. The increasing use of ABS in the HCV segment can be attributed to the improved braking control and stability of integrating ABS in heavy-duty vehicles.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Anti Lock Braking System market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America led the market in 2023 and generated around 40% of worldwide revenue. The region's focus on traffic safety and the growing use of cutting-edge braking technologies support the growth of the ABS market. The need for ABS in North America reflects the automotive industry's larger commitment to enhancing vehicle safety and averting collisions.
Europe is the fastest-growing category as ABS is more widely used due to growing customer awareness and an emphasis on cutting-edge automobile technologies. The increasing emphasis on safety drives the expansion of ABS integration in European automobiles, which drives the growth and development of the ABS market on the continent.
The current report Scope analyzes Anti Lock Braking System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Anti-Lock Braking System market size was estimated at USD 42154.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 16861.68 million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030. Driven by a mix of strict safety laws, increased knowledge of innovative automotive technology, and a dedication to enhancing road safety, the Anti-Lock Braking System (ABS) industry is booming in North America. The area exhibits a strong demand for ABS, especially in the passenger automobile market where buyers place a high value on safety features. Adoption of ABS is increasing as there is a focus on preventing accidents and lowering fatalities. In response to these safety requirements, the automobile industry has enhanced the integration of ABS in vehicles to comply with legal requirements. The Anti-Lock Braking System market is expected to grow steadily as long as the North American market prioritizes vehicle safety. This is in line with the industry's larger commitment to improving safety protocols and technological advancements in the automotive industry.
According to Cognitive Market Research, with a market value of USD 42154.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 12646.26 million. The market for Anti-Lock Braking Systems (ABS) is booming in Europe thanks to strict safety laws, advances in technology, and an increasing focus on vehicle safety. The adoption of ABS is mostly driven by the passenger automobile market since buyers place a higher value on safety features in their cars. Since Europe is a leader in the adoption of cutting-edge automotive technologies, the region's dedication to lowering traffic accidents and raising overall safety standards is supported by the installation of ABS in passenger automobiles. The European ABS market is a reflection of the confluence of consumer demand and regulatory compliance, resulting in an environment where advanced safety technologies are not only accepted but compulsory. The European market for anti-lock braking systems is expected to increase steadily as long as the region prioritizes road safety.
According to Cognitive Market Research, the global Anti-Lock Braking System market size was estimated at USD 42154.2 Million out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 9645.47 million in 2023 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2023 to 2030. The Asia Pacific Anti-Lock Braking System (ABS) market is expanding rapidly, driven by factors such as the changing automotive landscape, rising vehicle production, and an increased emphasis on road safety. The adoption of ABS is broad across several vehicle sectors, with a noteworthy emphasis on commercial vehicles and two-wheelers, as the region grows as a major hub for the automotive industry. Regulations requiring the installation of ABS in cars are being implemented by governments in nations like China and India, which is helping to expand the industry. The regulatory environment and consumer demand have molded the Asia Pacific ABS market, demonstrating a growing consciousness and dedication to raising safety standards in the quickly changing automotive industry across the region.
According to Cognitive Market Research, the global Anti-Lock Braking System market size was estimated at USD 42154.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 2107.71 million in 2023 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030. The market for Anti-Lock Braking Systems (ABS) is expanding gradually in Latin America due to the region's changing automotive sector and rising awareness of safety regulations. Although ABS is being used more widely generally, there has been a noticeable uptick in the commercial vehicle market, where safety features are becoming more and more important. In an effort to promote market expansion, governments in nations like Brazil and Mexico are also enforcing legislation requiring the installation of ABS. The Latin American ABS market is expected to grow as more people realize the value of improved road safety, with an emphasis on solving safety issues in commercial vehicles. The convergence of legislative measures and a rapidly expanding automobile industry underscores an auspicious future for ABS technology in Latin America.
According to Cognitive Market Research, the global Anti-Lock Braking System market size was estimated at USD 42154.2 Million out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 843.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2023 to 2030. The Middle East and Africa Anti-Lock Braking System (ABS) market is expanding significantly due to a combination of rising road safety awareness and increased vehicle demand. The commercial vehicle market stands out as a major contributor to the total increase in ABS adoption, demonstrating a dedication to raising safety standards in logistics and transportation. The implementation of rules requiring the installation of ABS in automobiles by governments in the region, including those in South Africa and the United Arab Emirates, is crucial. The Middle East and Africa is witnessing a surge in safety consciousness and automotive technology, which is driving the ABS market's growth. This indicates a greater regional commitment to reducing traffic accidents and improving road safety as a whole.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Four-Channel Four-Sensor ABS, Three-Channel Three-Sensor ABS, One-Channel One-Sensor ABS |
Vehicle Type | Passenger Cars, HCV, LCV |
Component | Sensors, Electronic Control Unit (ECU), Hydraulic Unit, Others |
List of Competitors | Mando, Knorr-Bremse, Guangzhou Sivco, Bosch, Continental, Kormee, Hyundai Mobis, TRW, Junen, Wabco, Nissin Kogyo, Wanxiang, APG, Hitachi, Dongfeng Electronic, ADVICS |
This chapter will help you gain GLOBAL Market Analysis of Anti Lock Braking System. Further deep in this chapter, you will be able to review Global Anti Lock Braking System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Anti Lock Braking System Market Trends North America Anti Lock Braking System Technological Road Map North America Anti Lock Braking System Market Drivers North America Anti Lock Braking System Market Restraints North America Anti Lock Braking System Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Vehicle Type Analysis 2019 -2031
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Chapter 12 Market Split by Component Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Anti Lock Braking System market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Four-Channel Four-Sensor ABS have a significant impact on Anti Lock Braking System market? |
What are the key factors affecting the Four-Channel Four-Sensor ABS and Three-Channel Three-Sensor ABS of Anti Lock Braking System Market? |
What is the CAGR/Growth Rate of Passenger Cars during the forecast period? |
By type, which segment accounted for largest share of the global Anti Lock Braking System Market? |
Which region is expected to dominate the global Anti Lock Braking System Market within the forecast period? |
Segmentation Level Customization |
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