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Anti-Lock Braking System Market

Anti-Lock Braking System Market

Anti-Lock Braking System Market Global Industry Assessment & Forecast

# Pages:

142

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0588

Segments Covered
  • By Product Types Four-Channel, Four-Sensor; Three-Channel, Three-Sensor and One-Channel, One-Sensor
  • By Vehicle Type Two Whelers, Passenger Cars, Commercial Vehicles
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 38.59 Billion
Revenue 2028Revenue 2028: 82.34 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 9.18%
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Sr. No. Offering Report Coverage
1. Market Size In terms of Revenue (USD Million)
2. Historic Data 2015 to 2019
3. Forecast Data 2021 to 2028
4. Market Drivers, Restraints, Opportunities, & Regional Market Trends Yes
5. Market Attractiveness Analysis Yes
6. Segment Analysis Maximum Segments
7. Regional Coverage 5 Regions
8. Country Coverage Top 22 Countries
9. Competitive Landscape and Company Market Share Analysis Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles.
10. Porter’s Five Forces Analysis Yes.
11. Value Chain Analysis Yes
12. PEST Analysis Yes
13. Regulatory Landscape Yes
14. Technology Landscape Yes
15. COVID-19 Impact Analysis Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics.
16. Top startups to watch out for Yes
17. Top 3 Trends to Watch Yes
18. Top 3 Strategies Followed by Major Players Yes
19. Top 3 Predictions by Vantage Market Research Yes
20. Discussion Guide Yes
21. Key Primary Respondents - VERBATIM Yes
22. Transcripts from the Primary Respondents Additional Cost USD 1,000
23. Others/Miscellaneous
FAQ
Frequently Asked Question
  • The global Anti-Lock Braking System valued at 38.59 Billion in 2020 and is expected to reach 82.34 Billion in 2028 growing at a CAGR of 9.18%%.

  • The prominent players in the market are Mando, Knorr-Bremse, Guangzhou Sivco, Bosch, Continental, Kormee, Hyundai Mobis, TRW, Junen, Wabco, Nissin Kogyo, Wanxiang, APG, Hitachi, Dongfeng Electronic, ADVICS..

  • The market is project to grow at a CAGR of 9.18%% between 2021 and 2028.

  • The driving factors of the Anti-Lock Braking System include

    • The increasing demand for safety features is anticipated to augment the growth of the anti-lock braking system market during the forecast period. This is attributable to the increase in number of road accidents across the globe. According to the Association of Safe International Road Travel, approximately 1.35 million people die in road crashes each year; on average 3,700 people lose their lives every day on the roads. Therefore, increase in number of fatalities and concern regarding these conditions has increased the demand for implementation of safety features in the vehicles. Hence, most of the automobile companies are focusing towards incorporating safety features in the vehicles; thereby, driving the growth of the anti-lock braking system market.
    • The increase in implementation of regulations by the governments across the globe to install safety measures in the vehicle is expected to propel the growth of the market. This is due to increase in number of road accidents leading to death. In economies such as India and France various laws and regulations are been enforced on vehicles to enable safety systems like ABS and ESC in their vehicles. Moreover, automobile manufacturers need to obtain safety ratings by authorized organizations to access a sales license for vehicles in the market. Hence, increase of global safety protocols for vehicle safety is likely to drive the for global anti-lock braking system market.

  • North America was the leading regional segment of the Anti-Lock Braking System in 2020.