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.
According to this study, over the next five years the Antilock Braking System (ABS) market will register a 4.0% CAGR in terms of revenue, the global market size will reach USD 23600 million by 2024, from USD 18600 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Antilock Braking System (ABS) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Antilock Braking System (ABS) market by product type, application, key manufacturers and key regions and countries.
This study considers the Antilock Braking System (ABS) value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
One-channel ABS
Two-channel ABS
Three-channel ABS
Four-channel ABS
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Car
Commercial Vehicle
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Bosch
Continental
TRW
ADVICS
Hyundai Mobis
Mando
Wabco
Knorr-Bremse
Hitachi
Nissin Kogyo
Junen
Wanxiang
APG
Kormee
Dongfeng Electronic
Guangzhou Sivco
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Antilock Braking System (ABS) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Antilock Braking System (ABS) market by identifying its various subsegments.
Focuses on the key global Antilock Braking System (ABS) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Antilock Braking System (ABS) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Antilock Braking System (ABS) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.