Anti-Lock Braking System Market was valued at USD 31.48 Billion in 2022 and is projected to reach USD 56.42 Billion by 2030, growing at a CAGR of 7.93% from 2024 to 2030.
The global Anti-Lock Braking System (ABS) market was valued at approximately USD 26.5 billion in 2022. This market is projected to grow at a compound annual growth rate (CAGR) of around 6.4% from 2023 to 2030. The steady increase in vehicle production, combined with rising safety regulations and technological advancements, is driving the growth of the ABS market. Enhanced focus on vehicle safety and the integration of advanced driver assistance systems (ADAS) are expected to further fuel this growth, with North America and Europe being key contributors due to stringent safety norms and high vehicle ownership rates.
Emerging markets in Asia-Pacific, particularly countries like India and China, present significant opportunities for market expansion. These regions are experiencing rapid urbanization and increased automotive production, which are likely to boost the demand for ABS in the coming years. Additionally, the growing adoption of electric vehicles (EVs) and hybrid vehicles is anticipated to create new avenues for market growth, as these vehicles increasingly incorporate advanced safety systems. As the automotive industry continues to evolve, the ABS market is expected to benefit from ongoing technological innovations and rising consumer awareness about vehicle safety.
Get an In-Depth Research Analysis of the Global Anti-Lock Braking System Market Size And Forecast [2025-2032]
Bosch
Continental
ZF
Autoliv
WABCO
Brakes India
Hyundai Mobis
Mando
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Anti-Lock Braking System Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Anti-Lock Braking System Market
Motorcycles
Passenger Cars
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Anti-Lock Braking System market share In 2023.
Pneumatic Anti-Lock Braking System
Hydraulic Anti-Lock Braking System
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Anti-Lock Braking System Market Research Analysis
1. Introduction of the Global Anti-Lock Braking System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Anti-Lock Braking System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Anti-Lock Braking System Market, By Type
6. Global Anti-Lock Braking System Market, By Application
7. Global Anti-Lock Braking System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Anti-Lock Braking System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/