Anti-Lock Braking System Market
Anti-Lock Braking System Market Global Industry Assessment & Forecast
#
Pages:
142
2021
Nov - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
38.59 Billion |
 Revenue 2028:
|
82.34 Billion |
 Revenue CAGR
(2021 - 2028): |
9.18% |
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
The report delivers an acute breakdown of the market based on various segments such as Product Types, Vehicle Type, and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Product Types, the market is divided into Four-Channel, Four-Sensor; Three-Channel, Three-Sensor and One-Channel, One-Sensor. Three-Channel, Three-Sensor held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
Based
on Vehicle Type, the market is divided into Two Whelers, Passenger Cars, Commercial Vehicles. Passenger Cars
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Anti-Lock Braking System Market: Product Types Segment Analysis
-
- Four-Channel
- Four-Sensor; Three-Channel
- Three-Sensor and One-Channel
- One-Sensor
Global Anti-Lock Braking System Market: Vehicle Type Segment Analysis
-
- Two Whelers
- Passenger Cars
- Commercial Vehicles
FAQ
Frequently Asked Question
What is the global demand for Anti-Lock Braking System in terms of revenue?
-
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%%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 9.18%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Anti-Lock Braking System in 2020.
