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Global Anti-lock Braking System (ABS) Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 183 Pages I EMR Inc.
Global Anti-lock Braking System (ABS) Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the anti-lock braking (ABS) market size reached a value of USD 46.01 billion in 2023. Aided by the increasing demand for vehicle safety features and the growing applications of anti-lock braking system in various types of vehicles, the market is projected to further grow at a CAGR of 9.10% between 2024 and 2032 to reach a value of USD 100.45 billion by 2032.
An anti-lock braking system is a safety feature that prevents wheels from locking up during braking, thereby maintaining traction with the road surface. Anti-lock braking system is widely used in passenger cars, commercial vehicles, and motorcycles to enhance safety and control during emergency braking situations. The increasing focus on vehicle safety and the implementation of stringent safety regulations are key drivers of the market.
The growing emphasis on vehicle safety is driving the demand for anti-lock braking systems. With the rising number of road accidents and fatalities, governments and regulatory bodies worldwide are implementing stringent safety standards and regulations, mandating the use of anti-lock braking system in vehicles. These regulations are aimed at reducing the risk of accidents and improving overall road safety. The mandatory installation of anti-lock braking system in new vehicles is significantly boosting the anti-lock braking (ABS) market growth.
Additionally, the increasing consumer awareness about the benefits of anti-lock braking system is contributing to the growth of the market. Consumers are becoming more conscious of vehicle safety features and are willing to invest in advanced safety technologies to protect themselves and their passengers. The growing preference for vehicles equipped with anti-lock braking system is driving the demand for this technology in both developed and developing regions.
The expanding applications of anti-lock braking system in various types of vehicles also play a significant role in propelling the market. In passenger cars, it enhances safety by preventing skidding and maintaining control during sudden braking. In commercial vehicles, it improves stability and control, reducing the risk of accidents. The motorcycle segment is also witnessing significant growth, driven by the increasing adoption of anti-lock braking system to enhance rider safety. The versatility of anti-lock braking system in different vehicle applications is driving its demand, consequently driving up the anti-lock braking (ABS) market share.
Technological advancements play a crucial role in the growth of the anti-lock braking system market. The development of advanced anti-lock braking system (ABS) technologies, such as integrated braking systems and electronic stability control (ESC), is enhancing vehicle safety and performance. These technologies provide additional functionalities, such as traction control and brake assist, further improving vehicle control and stability. The continuous advancements in anti-lock braking system (ABS) technologies are driving their adoption across various vehicle segments.
As per the anti-lock braking (ABS) market analysis, the integration of anti-lock braking system (ABS) with other advanced driver assistance systems (ADAS) is driving market growth. These technologies, such as adaptive cruise control, lane departure warning, and collision avoidance systems, rely on anti-lock braking system (ABS) for effective functioning. The integration of anti-lock braking system (ABS) with ADAS enhances overall vehicle safety and performance, driving the demand for anti-lock braking system (ABS) in modern vehicles. The increasing focus on developing autonomous and connected vehicles is also contributing to the growth of the market.
Market Segmentation
The market can be divided based on component type, vehicle type, sales channel, and region
Market Breakup by Component Type
- Speed Sensors
- Electronic Control Units (ECU)
- Hydraulic Units
Market Breakup by Vehicle Type
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
Optical Character Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Europe
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global anti-lock braking system (ABS) market. some of the major players explored in the report by expert market research are as follows:
- Robert Bosch GmbH
- Continental AG
- Delphi Automotive, PLC
- Hitachi, Ltd.
- ZF Friedrichshafen AG
- Nissan Motor Limited.
- Hyundai Motor Company
- Autoliv Inc.
- HL Mando Corp.
- BWI Group
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Anti-lock Braking System (ABS) Market Analysis
8.1 Key Industry Highlights
8.2 Global Anti-lock Braking System (ABS) Historical Market (2018-2023)
8.3 Global Anti-lock Braking System (ABS) Market Forecast (2024-2032)
8.4 Global Anti-lock Braking System (ABS) Market by Component Type
8.4.1 Speed Sensors
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Electronic Control Units (ECU)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hydraulic Units
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Anti-lock Braking System (ABS) Market by Vehicle Type
8.5.1 Two Wheelers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Passenger Cars
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Commercial Vehicles
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Anti-lock Braking System (ABS) Market by Sales Channel
8.6.1 Original Equipment Manufacturer (OEM)
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Aftermarket
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Anti-lock Braking System (ABS) Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Anti-lock Braking System (ABS) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Anti-lock Braking System (ABS) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Anti-lock Braking System (ABS) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Anti-lock Braking System (ABS) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Anti-lock Braking System (ABS) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Robert Bosch GmbH
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Continental AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Delphi Automotive, PLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hitachi, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ZF Friedrichshafen AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nissan Motor Limited.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Hyundai Motor Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Autoliv Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 HL Mando Corp.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 BWI Group
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Anti-lock Braking System (ABS) Market: Key Industry Highlights, 2018 and 2032
2. Global Anti-lock Braking System (ABS) Historical Market: Breakup by Component Type (USD Billion), 2018-2023
3. Global Anti-lock Braking System (ABS) Market Forecast: Breakup by Component Type (USD Billion), 2024-2032
4. Global Anti-lock Braking System (ABS) Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
5. Global Anti-lock Braking System (ABS) Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
6. Global Anti-lock Braking System (ABS) Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
7. Global Anti-lock Braking System (ABS) Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
8. Global Anti-lock Braking System (ABS) Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Anti-lock Braking System (ABS) Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Anti-lock Braking System (ABS) Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Anti-lock Braking System (ABS) Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Anti-lock Braking System (ABS) Market Structure
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