Anti-lock braking system is primarily used to assist vehicles for safe braking and tranquil steering in circumstances such as slippery or wet road. It averts a person from skidding or slipping of vehicle, and recollects steering control after hard braking. Growing consumer demand for safety features in automobiles, and severe safety laws & guidelines implemented by transport establishments across the world, offers a rising drift for anti-lock braking system worldwide.

Market Dynamics

Increase in demand for safety features in vehicles such as traction control system, roll-over stability control (RSC) and electronic stability control (ESC) are some of the factors driving the global market growth. Furthermore, technological progression in automotive industry has also complemented the growth of this market. Conversely, high maintenance cost of anti-lock braking systems may hamper the growth of market. Development in intact markets of emerging economies and expansion of progressive braking systems for vehicles such as two wheelers would reveal striking business opportunities for this market in the further years.

Market Classification

The market can be bifurcated on the basis of subsystem types, vehicle types and geography. By subsystem types, hydraulic anti-lock braking system market can be segmented into ECU (electronic control unit), sensors and hydraulic unit. By vehicle types, hydraulic anti-lock braking system market can be segmented into two-wheelers, passenger cars and commercial vehicles. On the basis of geography, hydraulic anti-lock braking system market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in hydraulic anti-lock braking system market include

• Denso Corporation
• Autoliv Inc.
• Robert Bosch GmbH
• WABCO
• Hyundai Mobis
• Nissin Kogyo Co., Ltd.
• Hitachi Automotive Systems, Ltd.
• ZF TRW
• Continental AG
• ADVICS Co., Ltd.
• Others

Market Segmentation

Market By Subsystem Type

• ECU (Electronic Control Unit)
• Sensors
• Hydraulic Unit

Market By Vehicle Type

• Two-Wheelers
• Passenger Cars
• Commercial Vehicles

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA