Anti-lock Braking System Market By Sub System (Sensors, Electronic Control Unit {ECU}, Hydraulic Unit), and By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), Industry Trends, Estimation & Forecast, 2016 - 2024

August 2017

 Pages: 110

 ERC 8060

Anti-lock Braking System (ABS) Market was valued at $26 billion in 2016 and is projected to reach $44.5 billion by 2024, growing at a CAGR of 7.1% from 2017 to 2024. Passenger cars are anticipated to dominate the market throughout the analysis period. 

Anti-lock braking system is an advanced braking system, which helps automobile to uphold tractive contact with the road surface, by releasing braking pressure for an instant and then providing optimal braking pressure to each wheel. In addition, it helps to maintain steering ability and to avoid skidding of vehicles in the wet or rough surface. ABS is an evolving technology in the global automotive industry and is applicable to both conventional and electric vehicles; the latter being a major consumer of the RBS. Automobile giants such as Toyota, BMW, Ford, and Tesla have introduced ABS in their vehicles.

Market Dynamics

The global ABS market is largely driven by the factors such as rising demand for safety features, technological advancement, and stringent government safety rules & regulation. In addition, the rise in the global automotive industry has further boosted the market growth. However, high cost associated with ABS, high maintenance cost, coupled with high safety ratings slows down the market growth. Irrespective of these challenges, advancement in technology in two wheeler ABS, and expansion of leading manufacturer of ABS in the untapped market of Asia-Pacific, and Latin America is expected to unfold numerous opportunities for the market growth.

Market Segmentation

The global ABS market is segmented on the basis of the subsystem, vehicle type, and geography. Based on the subsystem, the market is categorized into sensors, electronic control unit (ECU), and hydraulic unit. Based on vehicle type, the market is divided into two wheelers, passenger cars, and commercial vehicles. Geographically, the global market has been segmented into North America, Europe, Asia-Pacific, and RoW (Latin America, Middle East, and Africa).


Passenger Car Leads the Global ABS Market

Passenger cars segment include conventional and electric cars such as battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV). Passenger car ABS market is growing at a notable rate as compared to others vehicle type owing to stringent government rules & regulation in countries such as China, Germany USA, and Japan. As per OICA (an international organization for the global automotive industry), in 2016, approximately 69 million passenger cars were sold across the globe, which further boosted the ABS market.

Asia-Pacific: Most Lucrative Market for ABS

Asia Pacific accounted for the largest market share of the overall market and is anticipated to maintain its dominance throughout the forecast period. This is mainly due to boom in the automotive industry of China, Japan, and India. Passenger cars and two wheelers have greater penetration in Asia-Pacific as compared to another region, further which boosts the demand of ABS. In addition, Asia-Pacific ABS market is largely driven by the factors such as a rise in government rules & regulation regarding vehicle safety.


The prominent players profiled in the report are Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv, Inc. (Sweden), Nissin Kogyo Co. Ltd. (Japan), WABCO (Belgium), ZF TRW (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (U.S.), and ADVICS Co., Ltd (Japan).

Key Benefits

  • The study provides an in-depth analysis of the world ABS market, with current trends and future estimations to elucidate the imminent investment pockets.
  • The report offers a quantitative analysis from 2016 to 2024, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • Competitive intelligence highlights the business practices followed by leading players across various regions.

Anti-lock Braking System Market Segmentation

The market is segmented on the basis of Component, Vehicle Type and Geography.

By Component

    • Sensors
    • Electronic Control Unit (ECU)
    • Hydraulic Unit

By Vehicle Type

    • Two Wheelers
    • Passenger Cars
    • Commercial Vehicles

By Geography

    • North America
           o U.S.
           o Canada
           o Mexico

    • Europe
          o Germany
          o France
          o Italy
          o UK
          o Rest of Europe

    • Asia-Pacific
          o China
          o Japan
          o Australia
          o India
          o Rest of Asia-Pacific

    • RoW
          o Latin America
          o Middle East
          o Africa

KEY MARKET PLAYER

     • ROBERT BOSCH GMBH
     • CONTINENTAL AG
     • AUTOLIV INC
     • NISSIN KOGYO CO., LTD.
     • WABCO
     • ZFTRW
     • HYUNDAI MOBIS CO., LTD
     • DENSO CORPORATION
     • HITACHI AUTOMOTIVE SYSTEMS LTD
     • ADVICS CO., LTD.

 

 

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    What Information does this report contain?

    • What was the market size of the Global Anti-lock Braking System Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Global Anti-lock Braking System Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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