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Anti-Lock Braking System (ABS) Market Share

Report ID: GMI10629
Published Date: Aug 2024
Report Format: PDF

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Anti-Lock Braking System Market Share

Robert Bosch GmbH and Continental AG dominate the anti-lock braking system (ABS) industry with a market share of over 7% in 2023. Both companies are at the forefront of automotive technology, continuously innovating and improving their ABS systems. Their advanced research and development capabilities enable them to stay ahead of the competition.

Bosch and Continental have strong partnerships with major automotive manufacturers (OEMs) worldwide. These relationships are built on decades of collaboration, making them preferred suppliers for ABS and other critical vehicle components.

Anti-Lock Braking System Market Companies

Major players operating in the anti-lock braking system (ABS) industry are:

Robert Bosch GmbH
Continental AG
Autoliv Inc.
Nissin Kogyo Co., Ltd.
WABCO Holdings Inc.
Hitachi Automotive Systems, Ltd.
ZF Friedrichshafen AG
Denso Corporation
Haldex AB
Hyundai Mobis
Advics Co. Ltd.
Aisin Seiki
Mando Corporation

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of anti-lock braking system reached USD 54.1 billion in 2023 and is set to register over 6% CAGR between 2024-2032, owing to the recent mandatory regulations for new vehicles worldwide.

The passenger cars segment accounted for over 56% of the market share in 2023, as it is a vital safety feature designed to enhance driving stability and control by preventing wheel lockup during braking.

Asia-Pacific market accounted for 35% share in 2023, characterized by robust economic growth and increasing vehicle production.

Robert Bosch GmbH, Continental AG, Autoliv Inc, Nissin Kogyo Co., Ltd, WABCO Holdings Inc, Hitachi Automotive Systems, Ltd, ZF Friedrichshafen AG, Denso Corporation, and Haldex AB among others.