Two-wheeler Antibraking System (ABS) Market
Two-wheeler Anti-braking System (ABS) Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Two-wheeler Anti-braking System (ABS) Market Size and Growth
The Two-wheeler Anti-lock Braking System (ABS) market is experiencing robust growth driven by rising safety concerns and regulatory mandates. The global market size was valued at approximately USD 1.2 billion in 2023, with an expected CAGR of 10% over the next five years, reflecting increasing adoption in emerging economies.
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Companies Covered
(Covid 19 Impact Covered)
◍ Bosch
◍ BWI
◍ Continental
◍ Honda Motor
◍ ZF TRW
◍ Aisin Seiki
◍ Hitachi Automotive System
◍ Mando
◍ Brakes India
◍ Haldex
The Two-wheeler ABS market features competitors like Bosch, Continental, Honda Motor, and others innovating for safety. Companies enhance market growth through advanced technologies, increased demand for safety features, and regulatory compliance. Notable revenues include Bosch's €78 billion (2022), ZF TRW's $44 billion, and Honda Motor's $139 billion.
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