Antilock Braking System (ABS) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Antilock Braking System (ABS) market including various factors related to and dependent influencing the market growth.
Anti-lock braking system (ABS) is an automotive safety system, allowing the wheels to maintain tractive contact with the road surface according to driver inputs while braking, preventing the wheels from locking up (ceasing rotation) and avoiding uncontrolled skidding. In general, anti-lock braking system (ABS) can benefit in two ways: stop faster and be able to steer while you stop.
There are four main components to an ABS system: speed sensors, pump, valves and controller. Speed sensors, located at each wheel, can provide the information that when a wheel is about to lock up. The valve is in the brake line of each brake controlled by the ABS. When a valve reduces the pressure in a line, the pump is there to get the pressure back up. The controller is a computer in the car, watching the speed sensors and controlling the valves.
Due to the policy promotion and fast developing automotive market, new vehicles\' assembly rate of ABS is growing faster. Demand from the downstream brings a power to the development of antilock braking system industry. In recent years, growing China market became an important driving force for ABS. Many foreign manufacturers enter into China by investment and joint venture. At present, a few companies occupy most of ABS market. They are Bosch, Continental Teves, TRW, ADVICS and Hyundai Mobis etc.
At present, there are many domestic manufacturers in China. Most of the domestic companies have lower technology and financial ability and they are facing the competition from the foreign companies.
As the development of new energy vehicles, more demands will come from the new energy vehicles. To feed these new demands, antilock braking system manufacturers need to accelerate the technical upgrading of ABS.
Global Antilock Braking System (ABS) market size will reach 24100 million US$ by 2030, from 18600 million US$ in 2020, at a CAGR of 3.3% during the forecast period. In this study, 2022 has been considered as the base year and 2023-2030 as the forecast period to estimate the market size for Antilock Braking System (ABS).
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Antilock Braking System (ABS) market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Antilock Braking System (ABS) market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Antilock Braking System (ABS) market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Antilock Braking System (ABS) Market:
The major competitors working in the market are:
, Bosch, Continental, TRW, ADVICS, Hyundai Mobis, Mando, Wabco, Knorr-Bremse, Hitachi, Nissin Kogyo, Junen, Wanxiang, APG, Kormee, Dongfeng Electronic, Guangzhou Sivco
Market by Order Type
One-channel ABS
Two-channel ABS
Three-channel ABS
Four-channel ABS
Antilock Braking System (ABS) Data by Application
Passenger Car
Commercial Vehicle
Antilock Braking System (ABS) Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Antilock Braking System (ABS) market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Antilock Braking System (ABS) Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Antilock Braking System (ABS) market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Antilock Braking System (ABS) market size and their forecasts
- To provide strategic profiles of the key players operating in the Antilock Braking System (ABS) market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Antilock Braking System (ABS) market
Target Audiences for Antilock Braking System (ABS) Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
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