Global Anti Lock Braking System Market, By Sub-System (Sensors, Electronic Control Unit, Hydraulic Unit), By Vehicle Type (Two-Wheelers, Passenger Cars, Commercial), By Region (North America, Europe, Asia Pacific, Middle East & Africa, And South America) — Market Size and Forecast to 2032

The Global Anti Lock Braking System Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market is expected to reach USD  41.67 Billion by 2022, registering a CAGR of 9.15% from 2023 to 2032. The base year considered for the study is 2021, and the forecast has been provided for the period, 2023 to 2032.

Anti Lock Braking System Market growth is expected to gain high momentum during the forecast period due to growing demand for electric and highly automated vehicles 

An anti lock braking system (ABS) is a safety system installed in automobiles that prevent wheels from locking and helps the driver maintain steering control. It is also known as the anti-skid braking system. It enables the tires to maintain tractive contact with the ground to avoid losing control.

The system increases the safety standards of the vehicles and helps to reduce on-road accidents.

The growing automobile industry is one of the main reasons why the anti lock braking system is gaining popularity. The automotive industry is booming in the Asia Pacific region due to the high population and increase in disposable income. The demand for ABS in developed countries like the USA, Germany, England, etc. is growing due to the high safety standards required for vehicles.

ABS is also very popular in vehicles used for racing, for example in the F1 or NASCAR where the ABS becomes very important due to the high speeds, swift turns and the quick breaks that the drivers are required to make.

Key Factors Impacting Market Growth:

  • Reduced braking distance and wear and tear, and great maneuverability
  • Increased number of vehicle collisions and safety awareness
  • Growing demand for electric and highly automated vehicles 

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the anti lock braking system market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the anti lock braking system market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the anti lock braking system market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the anti lock braking system market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the anti lock braking system market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

Robert Bosch GmbH, Continental AG, Autoliv Inc., Hyundai Mobis, ZF Friedrichshafen AG, TRW Automotive, Hitachi Automotive Systems, ADVICS Co. Ltd., and Denso Corporation… 

Market Segmentation:

By Sub-System:

  • Sensors
  • Electronic Control Unit
  • Hydraulic Unit

By Vehicle Type:

  • Two-Wheelers
  • Passenger Cars
  • Commercial

Regional Coverage:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America

Reasons To Buy This Report:

  • Market size estimation of the anti lock braking system market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-Segment
  • By Region/Country

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