Anti-Lock Braking System Market Overview
Anti-Lock Braking System or ABS is a piece of safety equipment that prevents the wheels of a vehicle from locking up under emergency, panic, or harsh braking conditions. The global Anti-Lock Braking System market has been expanding steadily. The increasing number of deaths brought on because of street accidents has constrained the administration in many regions to actualize stringent guidelines and regulations and deploy ABS in all vehicles. This major factor is significantly boosting the growth of the Anti-Lock Braking System market.
Moreover, anti-lock braking systems function efficiently to make a vehicle come to halt quickly. Anti-lock braking systems help to absorb the turbulence shock waves and also modulates the pulses, thus allowing the wheel to continually turn under maximum braking pressure. Therefore, the usage of anti-lock braking systems in self-braking systems is increasing significantly. This key factor remarkably contributes to the growth of the market.
On the other hand, factors such as inconsistent stop times and high costs related to these systems are hampering the growth of the global anti-lock braking systems market.
COVID-19 Impact on Anti-Lock Braking System Market
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Anti-Lock Braking System Market Segment Overview
According to Vehicle Type, the Two-wheeler segment has significant growth in the Anti-Lock Braking System market. As per a report by the Transport Research Wing of India, two-wheelers accounted for the highest share (35.2%) in total accidents and (31.4%) in accident-related killings in 2018. Therefore, an urgent need for safety systems for the anti-lock braking systems is on a rise. Recent innovations, such as modular and scalable anti-lock braking systems, are particularly designed for the braking characteristics of two-wheelers and can be adapted to models ranging from the lower power segment to high-end sports bikes. In addition to this, development and innovation in braking systems of two-wheelers can fuel the growth of the anti-lock braking system market in the forthcoming years.
Based on Types, the Four Channel, Four Sensor segment is the largest segment in the market. The four-channel, four-sensor ABS system allocates a different valve for each wheel and also a separate speed sensor for each of the four wheels. This is considered to be the best system because it monitors each individual wheel to ensure that the greatest braking force is achieved.
Anti-Lock Braking System Market, By Components
· Speed Sensors
· Hydraulic Motor
· Pressure Release Valves
· Brake Calipers
· Control Module
Anti-Lock Braking System Market, By Types
· Four Channel, Four Sensor
· Three Channel, Three Sensor
· One Channel, One Sensor
Anti-Lock Braking System Market, By Vehicle Type
· Two-wheeler
· Passenger Cars
· Commercial Vehicles
Anti-Lock Braking System Regional Overview
In terms of region, North America and Europe are the prominent regions in the Anti-Lock Braking System market. Similarly, the market in the Asia Pacific, South America, and the Middle East, and Africa witnessing significant growth in the forecast period. Factors such as the introduction of strict laws and policy frameworks mandating the installation of safety equipment in automobiles, consumers’ preference for better safety measures and rapidly increasing purchasing power are majorly supporting the growth of the Anti-Lock Braking System market in these regions. In addition, developing countries such as Brazil, India, UAE, and Russia are anticipated to show significant growth in the demand for automotive anti-lock braking systems in the forecast period. However, the maximum share of the global market is projected to be held by the major automotive producing countries such as U.K., Germany, and China during the forecast period.
Anti-Lock Braking System Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Anti-Lock Braking System Market, Key Players
· Robert Bosch GMBH
· Hyundai Mobis
· Continental AG
· Denso Corp.
· TRW Automotive
· Autoliv Inc.
· Hitachi Automotive Systems, Ltd.
· Aisin Seiki Co., Ltd.
· Delphi Automotive PLC
· Haldex Corp.
List of Figures
Figure 1: Global Anti-Lock Braking System Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Anti-Lock Braking System Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Anti-Lock Braking System Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Anti-Lock Braking System Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Anti-Lock Braking System Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Anti-Lock Braking System Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Anti-Lock Braking System Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Anti-Lock Braking System Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Anti-Lock Braking System Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Anti-Lock Braking System Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Anti-Lock Braking System Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Anti-Lock Braking System Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Anti-Lock Braking System Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Anti-Lock Braking System Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Anti-Lock Braking System Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Anti-Lock Braking System Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Anti-Lock Braking System Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Anti-Lock Braking System Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Anti-Lock Braking System Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Anti-Lock Braking System Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Anti-Lock Braking System Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Anti-Lock Braking System Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Anti-Lock Braking System Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Anti-Lock Braking System Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Anti-Lock Braking System Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Anti-Lock Braking System Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Anti-Lock Braking System Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Anti-Lock Braking System Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Anti-Lock Braking System Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model