Antilock Braking System (ABS) Market Worth Value Size Growth Trends Forecast Outlook Industry Statistics | Valuates Reports

Global Antilock Braking System (ABS) market size will reach 24100 million US$ by 2025, from 18600 million US$ in 2018, at a CAGR of 3.3% during the forecast period.

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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.

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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.
This industry study presents the global Antilock Braking System (ABS) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Antilock Braking System (ABS) production, revenue and market share by manufacturers, key regions and type;

Antilock Braking System (ABS) Consumption by Region
o North America
o Asia-Pacific
o Europe
o Central & South America
o Middle East & Africa

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The consumption of Antilock Braking System (ABS) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Bosch, Continental, etc.

The following manufacturers are covered in this report:
o Bosch
o Continental
o TRW
o ADVICS
o Hyundai Mobis
o Mando
o Wabco
o Knorr-Bremse
o Hitachi
o Nissin Kogyo
o Junen
o Wanxiang
o APG
o Kormee
o Dongfeng Electronic
o Guangzhou Sivco

Antilock Braking System (ABS) Breakdown Data by Type
o One-channel ABS
o Two-channel ABS
o Three-channel ABS
o Four-channel ABS

Antilock Braking System (ABS) Breakdown Data by Application
o Passenger Car
o Commercial Vehicle

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This release was published on openPR.