openPR Logo
Press release

Global Anti-Lock Braking System Market is Estimated to Reach $49 Billion by 2024, Says Accurize Market Research

08-29-2019 04:06 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Accurize Market Research

Anti-Lock Braking System Market

Anti-Lock Braking System Market

Global Anti-Lock Braking System Market report published by Accurize Market Research forecast that the global market is expected to reach $49 billion by 2024; growing at a CAGR of 8% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

Demand for safety features in vehicles to drive the market

Demand for safety features in vehicles such as electronic stability control (ESC), roll-over stability control (RSC), and traction control system are few driving factors of global anti-lock braking system market. However, the high maintenance cost of anti-lock braking systems may hamper the market. Expansion in untapped markets of emerging economies and the development of unconventional braking systems for two-wheelers would unfold attractive business opportunities for the market in the coming years.

Request Sample:
https://www.accurizemarketresearch.com/report/anti-lock-braking-system-market/sample-request

Market Segmentation

Global anti-lock braking system market has been divided based on sub-systems and vehicle type. By sub-systems, the market is further split into ECU, sensors, and hydraulic unit. By vehicle type segment, the market is categorized into two-wheelers, passenger cars, and commercial vehicles.

Geographically the market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW).

"Passenger cars accounted for the largest market share in the vehicle type segment", says Accurize

In the vehicle type segment, passenger cars accounted for the largest market share in 2017, due to its increased sale and mandatory installation of the anti-lock braking system. However, the two-wheeler segment is anticipated to develop at the fastest CAGR during the forecast period. Also, the hydraulic unit dominated the sub-systems segment accounting for the highest revenue in 2017.

"Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize

Asia-Pacific accounted for the largest market share of 31.8% in 2017 and is expected to continue its dominance. The growth is majorly attributed to increasing industrialization and urbanization in emerging countries. North America accounted for the second-largest market share of 27.8%.

Top players in the market

Major companies operating in the market include Autoliv Inc., Robert Bosch GmbH, WABCO, ZF TRW, Hyundai Mobis, Denso Corporation, Nissin Kogyo Co., Ltd., Hitachi Automotive Systems, Ltd., Continental AG, and ADVICS Co., Ltd., among others.

Browse Complete Report Description:
https://www.accurizemarketresearch.com/report/anti-lock-braking-system-market

Contact Us:
Accurize Market Research
Address: Office No.306, Zen Business center
Wakad, Pune-411057
Tel: +1-339-368-6383
Email:help@accurizemarketresearch.com

Accurize Market Research, a research and consulting company providing syndicated as well as customized reports with precise analysisand future outlook. We work across several industries globally helping our customer plan their next strategic move. We at Accurize Market Researchbelieve in customer satisfaction and suggest them take strategic decisions regarding the present and future endeavors.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Anti-Lock Braking System Market is Estimated to Reach $49 Billion by 2024, Says Accurize Market Research here

News-ID: 1827974 • Views: 616

More Releases from Accurize Market Research

Global Telemedicine Technologies Market is Estimated to Reach $74 Billion by 202 …
Global Telemedicine Technologies Market report published by Accurize Market Research forecast that the global market is expected to reach $74 billion by 2025; growing at a CAGR of 15% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period. Increasing health concerns across the world, several favorable initiatives, and policies by government organizations to
Global Soy Protein Market is Estimated to Reach $7.4 Billion by 2024, Says Accur …
Global Soy Protein Market report published by Accurize Market Research forecast that the global market is expected to reach $7.4 billion by 2024; growing at a CAGR of 5.8% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period. Increasing awareness among consumers to drive the global market The global soy protein market is
Global Food Encapsulation Market is Estimated to Reach $52 Billion by 2024, Says …
Global food encapsulation market report published by Accurize Market Research forecast that the global market is expected to reach $52 billion by 2024; growing at a CAGR of 6.7% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period. Latest innovations in food technology, expanding the functional food market as well as the
Global IoT healthcare Market is Estimated to Reach $205 Billion by 2024, Says Ac …
Global IoT healthcare market report published by Accurize Market Research forecast that the global market is expected to reach $205 billion by 2024; growing at a CAGR of 20.2% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period. The upsurge inaccessibility to high-speed internet, high demand for cost-effective treatment, and rising technological

All 5 Releases


More Releases for Braking

Air Braking Systems Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Air Braking Systems Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-air-braking-systems-market_p110274.html   Air Braking System is a type of
Regenerative Braking Systems Market: Competitive Dynamics & Global Outlook 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Regenerative Braking Systems market. Regenerative Braking System (RBS) is a mechanism that uses a generator to recover kinetic energy while braking. In conventional vehicles, most of the kinetic energy generated during braking is converted into heat and is dissipated into the environment. RBS helps in converting the generated heat into electrical energy and further store it
Automotive Regenerative Braking Market: Technological Breakthroughs By 2025
The automotive regenerative braking system is an energy recovery system that coverts the kinetic energy of the vehicle produced during deceleration of the vehicle into electrical energy. The converted energy is stored in the vehicle energy storage unit in order to utilize it in other applications such as start-stop function, headlights, and to power the vehicle's interior electronics. The regenerative braking system uses different types of energy storage units such
Regenerative Braking Systems Market Challenges and Opportunities Report
Increasing demand for fuel efficient vehicles, increasing efforts for mitigation of carbon emissions and rising cost of fuels, are pushing the Automakers to seek for development of energy efficient systems. This changing dynamics has significantly led to developments in regenerative braking systems market. Nowadays, energy recovery systems in vehicles are increasingly getting employed in passenger as well as commercial vehicles to improve fuel economy and reduce vehicular emissions.As a
Global Automotive Electronic Braking System Market
Introduction Everyday advancement in automobile technology and evolving aerodynamic design has enabled us to utilize engine power efficiently and has helped us achieve greater speeds. Automobile at high speed initiates demand for efficient vehicle stability. Brakes are therefore crucial to control vehicle motion and ensure the safety of goods and passengers. Electronic Braking System (EBS) was introduced for enhanced brake stability and for the reduction in stopping distance. EBS system communicates
Automotive Electronic Braking System Market : Global Market Snapshot by 2026
Everyday advancement in automobile technology and evolving aerodynamic design has enabled us to utilize engine power efficiently and has helped us achieve greater speeds. Automobile at high speed initiates demand for efficient vehicle stability. Brakes are therefore crucial to control vehicle motion and ensure the safety of goods and passengers. Electronic Braking System (EBS) was introduced for enhanced brake stability and for the reduction in stopping distance. EBS system communicates