The Global Anti-Lock Braking System Market size valued to USD 40.81 billion in 2019, is predicted to reach USD 110.91 billion by 2030, witnessing a CAGR of 9.5% from 2020-2030. Anti-lock Braking System (ABS) is a sophisticated and effective braking system used in twowheelers, passenger car, commercial vehicles, or other automobiles. Its anti-skid safety system prevents wheel lock under braking, hence maintaining tractive control with road surface. ABS help improve steering control, decreasing the stopping distances on loose gravel, snow-covered surfaces, dry surfaces as well as slippery surface, thereby avoiding vehicle collision. Market Segmentations and Scope of the Study: The global anti-lock braking system market share analysis is based on sub-system, vehicle type and geography. Based on sub-system type, the market is segmented into Sensors, Electric Control Unit, and Hydraulic Unit. Based on vehicle type, the market is divided into Two-wheeler, Passenger Cars, and Commercial Vehicles. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW. Request for a free sample- https://www.nextmsc.com/anti-lock-breaking-systemmarket/request-sample Geographical Analysis North America is expected to dominate the global anti-lock braking system market, holding the major market share throughout the forecast period. Increased adoption of anti-lock braking system, technological advancement, presence of well-established infrastructure as well as increased demand of safety features are expected to propel the growth of anti-lock braking system market. Asia-Pacific region specifically the emerging economies are expected to demonstrate a substantial growth in the global anti-lock braking system market with the highest CAGR, throughout the forecast period. This is attributable to stringent government polices to ensure maximum safety features, upsurge in road accidents, increase in disposable income, as well as extensively growing demand for passenger cars. Inquire
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https://www.nextmsc.com/anti-lock-breaking-system-market/inquire-before-buying Competitive Landscape The anti-lock braking system market, which is highly competitive, consists of various market players. Some of the major market players include Autoliv Inc., Advics Co., Ltd., Continental AG, Hitachi Automotive Systems Ltd., Denso Corporation, Nissin Kogyo Co., Ltd., Hyundai