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Anti-Lock Braking System (ABS) Market Price Trends | Industry Top Manufacturers: Advics Co. Ltd., AISIN SEIKI CO (ASEKF), DENSO CORP (DNZOY), HITACHI (HTHIY), MANDO (204320.KS), Robert Bosch GmbH, Wabco Ltd, etc.

12-23-2022 10:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Anti-Lock Braking System (ABS) Market Price Trends | Industry Top Manufacturers 2022-2027

Anti-Lock Braking System (ABS) Market Price Trends | Industry Top Manufacturers 2022-2027

Market Statistics:

According to IMARC Group latest published report, titled "Anti-Lock Braking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," that the global anti-lock braking system (ABS) market reached US$ 39.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 65.5 Billion by 2027, exhibiting a growth rate (CAGR) of 8.57% during 2022-2027.

What are ABS (brakes) Braking System

An anti-lock braking system, or ABS, is advanced safety equipment that is a part of the active braking system used in automobiles. It helps to prevent the wheels of a vehicle from locking up under emergency, panic, or harsh braking conditions, and enable it to maintain dynamic contact with the road surface.

Covid-19 Scenario:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Download a free sample report to get a detailed overview of the report:   https://www.imarcgroup.com/anti-lock-braking-system-market/requestsample

Anti-Lock Braking System Market Trends

ABS improves stability and traction control of the vehicle while significantly reducing the risks of skidding, especially in slippery conditions. This provides high-end safety features to the consumers at an affordable price, which, in turn, is escalating the demand for ABS. Along with this, the rising number of road accidents has compelled the governments of various countries to implement mandatory standards for people to equip their vehicles with an ABS to improve stability, control, and safety aspects of the car. The growing awareness about the benefits of ABS, several technological advancements in the automotive industry, and increasing consumer safety concerns are some of the other factors that are expected to bolster the growth of the market in the coming years.

Competitive Scenario with Key Players:

The competitive landscape of the market has also been analyzed, with some of the key players being

Advics Co. Ltd.,
AISIN SEIKI CO (ASEKF),
DENSO CORP (DNZOY),
HITACHI (HTHIY),
MANDO (204320.KS),
Robert Bosch GmbH,
Wabco Ltd, etc.

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/anti-lock-braking-system-market

The report cover the below key market segments:

Breakup by Component Type:

Speed Sensors
Electronic Control Units (ECU)
Hydraulic Units

Breakup by Vehicle Type:

Two Wheelers
Passenger Cars
Commercial Vehicles

Breakup by End-Use:

OEM
Replacement Demand

Breakup by Region Segment:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Browse related reports:

Pickup Truck Market: https://www.imarcgroup.com/pickup-truck-market

India Luxury Car Market: https://www.imarcgroup.com/india-luxury-car-market

India Autonomous Vehicle Market: https://www.imarcgroup.com/india-autonomous-vehicle-market

India Electric Vehicle Charging Station Market: https://www.imarcgroup.com/india-electric-vehicle-charging-station-market

India Automotive Wiring Harness Market: https://www.imarcgroup.com/india-automotive-wiring-harness-market

India Two Wheeler Market: https://www.imarcgroup.com/india-two-wheeler-market

Contact Us

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Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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