Market Research Report
Global Anti-Lock Braking System (ABS) Market, By Vehicle Type (Passenger Cars, Commercial Vehicle and Two-Wheeler), By Sub-System (Sensors, Electronic Control Unit and Hydraulic Unit), By Region, Competition Forecast & Opportunities, 2024
|Published by||TechSci Research||Product code||912335|
|Published||Content info||113 Pages
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|Global Anti-Lock Braking System (ABS) Market, By Vehicle Type (Passenger Cars, Commercial Vehicle and Two-Wheeler), By Sub-System (Sensors, Electronic Control Unit and Hydraulic Unit), By Region, Competition Forecast & Opportunities, 2024|
|Published: September 1, 2019||Content info: 113 Pages||
Global Anti-Lock Braking System (ABS) market was valued at around $ 57 billion in 2018 and is poised to grow at a CAGR of over 8% during the forecast period. Anti-lock braking systems offer stable braking characteristics along with reduced tire wear and braking distance; therefore, deployment of these systems helps to avoid accidents. As a result, government of several countries have mandated implementation of these systems in vehicle in view of vehicle safety.
In terms of vehicle type, global ABS market can be categorized into passenger car, commercial vehicle and two-wheeler. In 2018, passenger car acquired the leading share in the market owing to increasing sales of car backed by rising disposable income and growing urban population. Although, anti-lock braking systems were introduced in the entry level cars; but companies operating in the market are deploying ABS in commercial vehicles and two-wheelers as well on account of safety concerns.
Based on regional analysis, the market can be segmented into North America, Asia-Pacific, South America, Middle East & Africa and Europe. Asia-Pacific accounted for the largest share of the market in 2018 and the trend is likely to continue in the forthcoming years as well. Governments present in economies such as China, India, Japan have already implemented regulations pertaining to safety of vehicles and therefore have mandated ABS in vehicles.
Leading companies operating in the market include Robert Bosch GmbH, Autoliv Inc., Mando Corporation, Continental AG, ADVICS Co., Ltd., Aisin Seiki Co., Ltd., Denso Corporation, WABCO Holdings, Inc., among others. The companies such as Robert Bosch GmbH are investing in technological innovation to register sound growth.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
TechSci Research calculated the market size of Global Anti-Lock Braking System (ABS) Market by using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Global Anti-Lock Braking System (ABS) Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in Anti-Lock Braking System (ABS) Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: