Anti-Lock Braking System Market Outlook and Growth Opportunities
According to TechSci Research report, “ Global Anti-Lock Braking System Market– Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Anti-Lock Braking System Market stood at USD 47 Billion in 2022 and is anticipated to grow with a CAGR of 8.9% in the forecast period, 2024-2028. The global Anti-Lock Braking System (ABS) market is primarily driven by several key factors. First, the increasing focus on vehicle safety regulations by governments worldwide is fueling the demand for ABS. With stricter safety standards in place, the need for advanced braking systems that prevent wheel lock-up and maintain stability during braking becomes crucial. Second, the rise in consumer awareness regarding road safety and vehicle features contributes to market growth. As consumers become more informed about the importance of ABS in preventing accidents and ensuring safer driving experiences, the demand for ABS-equipped vehicles con...