Market Size of Asia-Pacific Automotive Anti-Lock Braking System Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Automotive Anti-Lock Braking System Market Analysis
The Asia-Pacific Automotive Anti-Lock Braking System market is anticipated to register a CAGR of more than 7% during the forecast period (2020 - 2025).
- Nowadays, Anti-lock braking system (ABS) is used in almost every modern car. It automatically provides optimum braking force and avoids of lockup of wheels. Anti-Lock Braking System helps control the direction of the vehicle due to a spin-out or plow out, resulting in a complete loss of steering control. It significantly reduces the risk of being in a rollover, which is one of the most dangerous types of single-vehicle crashes.
- In 2019, 1.35 million people lost their lives in road traffic crashes worldwide, with 90% of causalities belonging to developing countries. Also, most of these developing countries are mainly situated in the Asia Pacific. As a result, emerging markets such as India will become the largest ABS market in the future, which is expected to drive the market.
- However, ABS in 2-wheelers, especially in cost-conscious markets, sometimes offers a single channel with only a front-wheel with an ABS. Also, entry-level cars aren't offering ABS with a higher safety system. However, with emerging technologies and growing government policies, entry-level and 2- wheelers will see a higher adoption towards ABS systems since results have shown that even a lower ABAS equipped system may increase braking distances.
APAC Automotive Anti-Lock Braking System Industry Segmentation
The Asia Pacific Automotive Anti-Lock Braking System Market report covers the current and upcoming trends with recent technological development. The report will provide a detailed analysis of various areas of the market by channel, sub-system and vehicle type. The report also covers:
| Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles | |
| 2-Wheeler |
| Channel Type | |
| One Channel | |
| Four Channel | |
| Others |
| Geography | |||||||
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Asia-Pacific Automotive Anti-Lock Braking System Market Size Summary
The Asia-Pacific Automotive Anti-Lock Braking System (ABS) market is poised for significant growth, driven by the increasing adoption of ABS in modern vehicles across the region. ABS technology, which prevents wheel lockup during braking, enhances vehicle control and reduces the risk of rollovers, making it a critical safety feature. The market is expected to expand as emerging economies, particularly India, ramp up their adoption of ABS due to government mandates and the growing awareness of road safety. The region's high incidence of road traffic accidents, especially in developing countries, underscores the need for advanced braking systems. The market is also witnessing advancements in technology, such as the integration of Autonomous Emergency Braking Systems, which are expected to further propel growth by improving vehicle stability and reducing stopping distances.
The market landscape is characterized by a marginally consolidated structure, with key players like Robert Bosch GmbH, Autoliv Inc., Continental AG, DENSO Corporation, and ZF Friedrichshafen AG leading the charge. These companies are actively engaging in strategic partnerships and product innovations to maintain a competitive edge. The demand for ABS is particularly strong in the two-wheeler segment, where affordability and government regulations are driving higher adoption rates. In India, the mandatory installation of ABS in new vehicles, including commercial ones, marks a significant step towards enhancing road safety. This regulatory push, coupled with the growing market for two-wheelers, positions India as a pivotal player in the Asia-Pacific ABS market.
Asia-Pacific Automotive Anti-Lock Braking System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.1.3 2-Wheeler
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2.2 Channel Type
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2.2.1 One Channel
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2.2.2 Four Channel
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2.2.3 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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Asia-Pacific Automotive Anti-Lock Braking System Market Size FAQs
What is the current Asia-Pacific Automotive Anti-Lock Braking System Market size?
The Asia-Pacific Automotive Anti-Lock Braking System Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Automotive Anti-Lock Braking System Market?
Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, BWI and Wabco are the major companies operating in the Asia-Pacific Automotive Anti-Lock Braking System Market.
