North American Anti-Lock Braking System Market (2019-2025) | Size, Analysis, Share, Revenue, Forecast, Trends, Growth, industry & Outlook

Latest 2023 Developments of the North American Anti-Lock Braking System Market

The North American Anti-Lock Braking System Market is experiencing enormous growth and the market will continue to grow in the years to come. Expansion in demand for advanced safety features in vehicles, which includes anti-lock braking systems is amongst the leading trends of the market. Automakers in the market are increasingly integrating ABS technology as a standard feature into their vehicles. This move for greater security is driven by the transforming preferences if consumers and government regulations which mandate some safety standards. The rising use of electronic stability control is another major development in the sector. ESC works with ABS to offer drivers precise vehicle control and stability during complex driving conditions like sudden turns and slippery roads. Moreover, there is also a growth in research and development activities purposed at enhancing the ABS technology performance, which is leading to the rising North American Anti-Lock Braking System Market Share. 

North American Anti-Lock Braking System Market Synopsis

Growing demand for safety features in automobiles coupled with government regulation to mandate vehicle safety systems such as ABS, Electric Stability Control, chassis control, and driver assistance systems has driven the demand for the Anti-lock braking system market in North America. Moreover, the presence of Federal Motor Vehicle Safety Standards (FMVSS) and Canada Motor Vehicle Safety Standards (CMVSS) to ensure the safety quality checks of the vehicles has led to a surge in the installation of ABS systems over the past five years.

According to 6Wresearch, North American Anti-Lock Braking System Market size is anticipated to register growth during 2019-2025. The United States accounted for the largest share of the market revenues in 2018 and the trend is likely to continue in the forthcoming years as well on the back of growing awareness about the benefits of the ABS systems. North America is the second leading revenue-generating region in the global market due to the availability of advanced technology and a high standard of living.

The electronic control units accounted for a leading share of market demand and are expected to maintain their dominance over the forecast period as well owing to their ability to control the entire system and to ensure the proper functioning of the system. However, the sensors segment is expected to grow at a high growth rate owing to its feature of monitoring the real-time speed of the vehicle and the deceleration and acceleration of wheels.

The North American Anti-lock braking system market report thoroughly covers the market by sub-systems, vehicles, and key countries including the USA, Canada, and the Rest of North America. The North American Anti-lock braking system market outlook report provides an unbiased and detailed analysis of the ongoing North American Anti-lock braking system market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America anti-lock braking system market is estimated to register sound revenues in the coming years backed by the rising growth of passenger and commercial vehicles, Additionally on the basis of product type, presenting sensors with anti-lock systems helps to examine the real speed and deceleration & acceleration of each wheel in order to eliminate accidents rate is expected to instigate the demand for antilock braking system in the market. Further, the rising growth of the automotive industry coupled with a rise in the trends of the personal vehicle allows drivers to spend their income on purchasing vehicles which are estimated to foster the growth of the North America lock braking market in the coming years.

North American Anti-Lock Braking System Market: Key Players

Continental AG, Bosch, WABCO Holdings Inc., ZF Friedrichshafen AG, and Delphi Automotive PLC are some players that are leading the North American Anti-Lock Braking System Industry. Bosch is the leading company in ABS technology with advanced ABS systems which offer enhanced stability and safety for vehicles. Continental AG is also a key market player which provides innovative braking technologies which include electronic brake force distribution systems (EBD), electronic stability control systems (ESC), and anti-lock brakes. Delphi Automotive PLC is another significant market player which specializes in creating advanced safety technologies. Other market players are also aiding the sector to accomplish growth. 

Key Highlights of the Report:

• North America Anti-lock Braking System Market Overview
• North America Anti-lock Braking System Market Outlook
• North America Anti-lock Braking System Market Forecast
• Historical Data of North America Anti-lock Braking System Market Revenues & Volume for the Period 2015-2018
• North America Anti-lock Braking System Market Size and North America Anti-lock Braking System Market Forecast of Revenues & Volume, Until 2025
• Historical Data of North America Anti-lock Braking System Market Revenues, by Sub-Systems, for the Period 2015-2018
• Market Size & Forecast of North America Anti-lock Braking System Market Revenues, by Sub-Systems, Until 2025
• Historical Data of North America Anti-lock Braking System Market Revenues, by Vehicles, for the Period 2015-2018
• Market Size & Forecast of North America Anti-lock Braking System Market Revenues, by Vehicles, Until 2025
• Historical Data of the United States Anti-Lock Braking System Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of United States Anti-Lock Braking System Market Revenues and Volume, Until 2025
• Historical Data of Canada Anti-lock Braking System Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Canada Anti-lock Braking System Market Revenues and Volume, Until 2025
• Historical Data of Rest of North America Anti-lock Braking System Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Rest of North America Anti-lock Braking System Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• North America Anti-lock Braking System Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Anti-lock Braking System Market Share, By Players
• North America Anti-lock Braking System Market Share, By Regions
• North America Anti-lock Braking System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

North America Anti-lock Braking System Market report provides a detailed analysis of the following market segments:

By Sub-Systems:

• Sensors
• Electric Control Unit
• Hydraulic Unit
• Others

By Vehicles:

• Two-wheeler
• Passenger Cars
• Commercial Vehicles

By Countries:

• United States
• Canada
• Rest of North America

North American Anti-Lock Braking System Market: FAQs