According to a TechSci Research report titled “Global Anti-Lock Braking System (ABS) Market By Vehicle Type, By Sub-System, By Demand Category, By Region, Competition Forecast & Opportunities, 2026,” the global market for anti-lock braking systems (ABS) reached a value of approximately $57 billion in 2018. Over the next five years, the market is expected to grow at a compound annual growth rate (CAGR) of over 8% due to increasing safety concerns, a rising number of vehicles on the road, and the implementation of stringent safety regulations in various countries. Anti-lock braking systems employ various mechanisms to prevent accidents, distinguishing them from traditional brakes. They play a critical role in maintaining stability and steering control, especially in adverse weather conditions and on slippery roads.
Browse 121 market data Figures spread through 110 Pages and an in-depth TOC on “Global Anti-Lock Braking System (ABS) Market”
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The global anti-lock braking system (ABS) market can be categorized based on vehicle type, sub-system, demand category, and region. In 2018, the passenger car segment held the largest market share, and this trend is expected to continue in the coming years. This dominance can be attributed to the high production and sales volume of passenger cars.
Leading players in the market include Robert Bosch GmbH, Autoliv Inc., Mando Corporation, Continental AG, ADVICS Co., Ltd., Aisin Seiki Co., Ltd., Denso Corporation, and WABCO Holdings, Inc., among others. These companies are adopting various strategies such as expansion, product development, and collaboration to enhance their market share. Bosch and Continental, for instance, are introducing advanced ABS that can be integrated with advanced driver-assistance systems (ADAS) and electronic stability control (ESC) to drive market growth.
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“Asia-Pacific held the largest share in the global anti-lock braking system market and the trend is likely to continue in the forthcoming years as well. This is due to increase in road safety regulations set by the government in countries such as India, China, among others. For instance, Indian government, in April 2019, mandated the installation of ABS in all the mini-buses and passenger. Such initiatives are positively influencing the growth of the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Anti-Lock Braking System (ABS) Market By Vehicle Type, By Sub-System, By Demand Category, By Company and By Geography, Forecast & Opportunities, 2026” has evaluated the future growth potential of global Anti-Lock Braking System (ABS) market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global Anti-Lock Braking System (ABS) market.
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