Global Antilock Braking System ABS Market Research Report 2023(Status and Outlook)

Global Antilock Braking System ABS Market Research Report 2023(Status and Outlook)

Report Overview

Anti-lock braking system (ABS) is an automotive safety system, allowing the wheels to maintain tractive contact with the road surface according to driver inputs while braking, preventing the wheels from locking up (ceasing rotation) and avoiding uncontrolled skidding. In general, anti-lock braking system (ABS) can benefit in two ways: stop faster and be able to steer while you stop.

There are four main components to an ABS system: speed sensors, pump, valves and controller. Speed sensors, located at each wheel, can provide the information that when a wheel is about to lock up. The valve is in the brake line of each brake controlled by the ABS. When a valve reduces the pressure in a line, the pump is there to get the pressure back up. The controller is a computer in the car, watching the speed sensors and controlling the valves.

The major players in global Antilock Braking System (ABS) market include Bosch, Continental, TRW, ADVICS, etc. The top 4 players occupy about 70% shares of the global market. China and Europe are main markets, they occupy about 50% of the global market. Three-channel ABS is the main type, with a share about 50%. Passenger Car is the main application, which holds a share about 60%.

The Global Antilock Braking System ABS Market Size was estimated at USD 20660 million in 2022 and is projected to reach USD 25931.79 million by 2029, exhibiting a CAGR of 3.30% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Antilock Braking System ABS market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Antilock Braking System ABS Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Antilock Braking System ABS market in any manner.

Global Antilock Braking System ABS Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Bosch

Continental

TRW

ADVICS

Hyundai Mobis

Mando

Wabco

Knorr-Bremse

Hitachi

Nissin Kogyo

Junen

Wanxiang

APG

Kormee

Dongfeng Electronic

Guangzhou Sivco

Market Segmentation (by Type)

One-channel ABS

Two-channel ABS

Three-channel ABS

Four-channel ABS

Market Segmentation (by Application)

Automotive

Aerospace and Military

Industrial Gas Turbines

General Industrial Machinery

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Antilock Braking System ABS Market

Overview of the regional outlook of the Antilock Braking System ABS Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors