Global Antilock Braking System (ABS) Market Growth 2023-2029

Global Antilock Braking System (ABS) Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Antilock Braking System (ABS) Industry Forecast” looks at past sales and reviews total world Antilock Braking System (ABS) sales in 2022, providing a comprehensive analysis by region and market sector of projected Antilock Braking System (ABS) sales for 2023 through 2029. With Antilock Braking System (ABS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Antilock Braking System (ABS) industry.
This Insight Report provides a comprehensive analysis of the global Antilock Braking System (ABS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Antilock Braking System (ABS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Antilock Braking System (ABS) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Antilock Braking System (ABS) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Antilock Braking System (ABS).
The global Antilock Braking System (ABS) market size is projected to grow from US$ 20880 million in 2022 to US$ 26420 million in 2029; it is expected to grow at a CAGR of 26420 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Antilock Braking System (ABS) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
One-channel ABS
Two-channel ABS
Three-channel ABS
Four-channel ABS
Segmentation by application
Passenger Car
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bosch
Continental
TRW
ADVICS
Hyundai Mobis
Mando
Wabco
Knorr-Bremse
Hitachi
Nissin Kogyo
Junen
Wanxiang
APG
Kormee
Dongfeng Electronic
Guangzhou Sivco
Key Questions Addressed in this Report
What is the 10-year outlook for the global Antilock Braking System (ABS) market?
What factors are driving Antilock Braking System (ABS) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Antilock Braking System (ABS) market opportunities vary by end market size?
How does Antilock Braking System (ABS) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.