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Table of Contents
Automotive Anti-lock braking system (ABS) is an active safety feature designed to prevent a vehicle’s wheels from locking up after an instance of heavy braking, which minimizes the risk of slipping and allowing the driver to regain the control of steering. On wet or slippery roads, ABS can also decrease the distance needed to stop. When drivers slam on the brakes in a vehicle without ABS, the wheels are prone to stop spinning all together. When the wheels lock up, the driver of the vehicle no longer has any steering control and the vehicle may begin to skid. ABS has become mandatory safety feature in many countries and hence market is seeing impressive growth rate.
Automotive industry is one the largest industries with high growth potential in upcoming years. Even though sector has shown little sluggish growth in recent years but technological advancement and innovation likely to change the course of market during forecasted years. Increasing population, safety concerns and rise in disposable income are some of the important driving factor for automotive sector and hence Automotive ABS Market. Major manufacturers are allocating large budget and resources to develop more advance features that can attract more consumers. Automotive ABS Market is moderately competitive and expected to remain same in upcoming years.
The study covers a detailed analysis, growth and forecast of the Automotive ABS Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2018 to 2023 and market forecast for 2024 to 2030 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.
The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for Automotive ABS Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study Automotive ABS Market helps users to make precise decision to expand their market presence and increase market share.
The report provides Automotive ABS Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Report also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Automotive ABS Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.
Automotive ABS Market : Product Type
Automotive ABS Market : Application
Automotive ABS Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Automotive ABS Market:
Geographical analysis of Automotive ABS Market:
Global Automotive ABS Market Report Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 41684.21 million |
Forecast Value (2031) |
USD 73312.25 million |
CAGR (2025-2030) |
8.4 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Automotive ABS Market Report was valued at around USD 41684.21 million in 2023 & estimated to reach USD 73312.25 million by 2030.
Automotive ABS Market Report is likely to grow at Compound Annual Growth Rate (CAGR) of 8.4% between 2024 to 2030.
Automotive ABS Market Report is dominated by the Passenger Vehicles segment and the Asia-Pacific region holds the highest market share in 2023.
Some of the top key players in the Automotive ABS Market Report are
Primary driving factors for the growth of the Automotive ABS Market Report include Increasing population, safety concerns and rise in disposable income along with technological advancement and innovation.
Yes, the report includes COVID 19 impact on the market.
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