Nov 5, 2019   SOURCE: PR NewsWire

Global $57 Bn Anti-Lock Braking System (ABS) Markets, Competition Forecast & Opportunities, 2024

DUBLIN, Nov. 5, 2019 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.

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The 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, the 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.

Years considered for this report:

    --  Historical Years: 2014-2017
    --  Base Year: 2018
    --  Estimated Year: 2019

    --  Forecast Period: 2020-2024

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Global Anti-Lock Braking System (ABS) Market Overview

5. Global Anti-Lock Braking System (ABS) Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Cars, Commercial Vehicle, Two-Wheeler)
5.2.2. By Sub-System (Sensors, Electronic Control Unit and Hydraulic Unit)
5.2.3. By Company
5.2.4. By Region
5.3. Market Attractiveness Index
5.3.1. By Vehicle Type
5.3.2. By Region

6. North America Anti-Lock Braking System (ABS) Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Sub-System
6.2.3. By Country
6.3. Market Attractiveness Index
6.4. North America: Country Analysis
6.4.1. United States Anti-Lock Braking System (ABS) Market Outlook
6.4.2. Mexico Anti-Lock Braking System (ABS) Market Outlook
6.4.3. Canada Anti-Lock Braking System (ABS) Market Outlook

7. Asia Pacific Anti-Lock Braking System (ABS) Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Sub-System
7.2.3. By Country
7.3. Market Attractiveness Index
7.4. Asia Pacific: Country Analysis
7.4.1. China Anti-Lock Braking System (ABS) Market Outlook
7.4.2. Japan Anti-Lock Braking System (ABS) Market Outlook
7.4.3. India Anti-Lock Braking System (ABS) Market Outlook
7.4.4. South Korea Anti-Lock Braking System (ABS) Market Outlook
7.4.5. Thailand Anti-Lock Braking System (ABS) Market Outlook
7.4.6. Indonesia Anti-Lock Braking System (ABS) Market Outlook

8. Europe & CIS Anti-Lock Braking System (ABS) Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Sub-System
8.2.3. By Country
8.3. Market Attractiveness Index
8.4. Europe & CIS: Country Analysis
8.4.1. Germany Anti-Lock Braking System (ABS) Market Outlook
8.4.2. France Anti-Lock Braking System (ABS) Market Outlook
8.4.3. United Kingdom Anti-Lock Braking System (ABS) Market Outlook
8.4.4. Italy Anti-Lock Braking System (ABS) Market Outlook
8.4.5. Spain Anti-Lock Braking System (ABS) Market Outlook

9. South America Anti-Lock Braking System (ABS) Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Sub-System
9.2.3. By Country
9.3. Market Attractiveness Index
9.4. South America: Country Analysis
9.4.1. Brazil Anti-Lock Braking System (ABS) Market Outlook
9.4.2. Colombia Anti-Lock Braking System (ABS) Market Outlook
9.4.3. Argentina Anti-Lock Braking System (ABS) Market Outlook

10. Middle East and Africa Anti-Lock Braking System (ABS) Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Sub-System
10.2.3. By Country
10.3. Market Attractiveness Index
10.4. MEA: Country Analysis
10.4.1. Iran Anti-Lock Braking System (ABS) Market Outlook
10.4.2. South Africa Anti-Lock Braking System (ABS) Market Outlook
10.4.3. Saudi Arabia Anti-Lock Braking System (ABS) Market Outlook
10.4.4. Morocco Anti-Lock Braking System (ABS) Market Outlook
10.4.5. United Arab Emirates Anti-Lock Braking System (ABS) Market Outlook

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. Competitive Landscape
14.1. Robert Bosch GmbH
14.2. Autoliv Inc.
14.3. Mando Corp.
14.4. Continental AG
14.5. ADVICS Co., Ltd.
14.6. Aisin Seiki Co., Ltd.
14.7. Denso Corp.
14.8. WABCO Holdings, Inc.

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/che6gc

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