Automotive ABS Motor Market

Automotive ABS Motor Market Outlook (2022 to 2032)

The sales in the global automotive anti-lock braking system (ABS) motor market are projected to rise at a remarkable CAGR of 8% to 9% CAGR during the assessment period between 2022 and 2032. Rising industry player inclination towards adoption of high-performance braking systems in modern vehicles is estimated to accelerate the sales of automotive ABS motors in the market over the forthcoming years.

Report Attribute	Details
Automotive ABS Motor Market Projected Growth Rate (2022 to 2032)	8% to 9% CAGR

ABS is an advanced automotive braking system particularly used in automotive vehicles, owing to its ability to assist in preventing the wheels from locking up and help the vehicle maintain steering control. It allows wheels to maintain dynamic contact with the surface of the road, which is equally proportional to the braking inputs provided by the driver.

Which are Prominent Drivers Creating Remunerative Opportunities in the Global Automotive ABS Motor Market?

A significant rise in number of road accidents were being witnessed across the globe over the past couple of years. For instance, according to a study published by the National Crime Records Bureau, in 2020, nearly 354,796 road accidents were reported in India.

Due to these growing road accident instances, a number of governmental and road safety organizations such as the Insurance Institute of Highway Safety are implanting stringing regulations and standards mandating the adoption of advanced ABS braking technologies.

In addition to this, increasing launch of novel vehicle testing programs for assessing driver safety such as New Car Assessment Program (NCAP) is further encouraging automotive manufacturers to adopt ABS braking systems. As automotive ABS motor plays a vital role in the efficient performance of this braking system, rising deployment of ABS braking systems is expected to accelerate the sales in the global market.

What are the Constraints Dampening the Demand for Automotive ABS Motor in the Global Market?

Despite a number of benefits associated with the automotive ABS motors, extravagant cost of advanced ABS braking systems, high maintenance, and fluctuation cost of raw materials are some of the factors hindering the sales in the global market.

Why is Sale of Automotive ABS Motors Rising at a Robust Pace in North America Market?

Future Market Insights reveals that North America is anticipated to exhibit robust growth in the global automotive ABS motor market between 2022 and 2032.

The market for automotive ABS motors is largely driven by the rapidly expanding automotive industry across the globe. Over the past couple of years, there is a swift increase in adoption of automotive vehicles such as passenger cars, sport utility vehicles (SUVs), and luxury vehicles, across North America, resulting in propelling the demand for associated components.

For instance, according to a study by the International Energy Agency, nearly 17 million cars were reported to be sold in the USAin the year 2019. As automotive ABS motors are extensively being deployed in modern cars, due to the presence of stringent safety standards, increasing automobile sales is expected to augment the demand in the North America market.

What is the Sales Prospect of Automotive ABS Motors in the Western Europe Market?

Western Europe is anticipated to emerge as a highly opportunistic market for automotive ABS motors during the forecast period 2022 to 2032, as per FMI

With increasing inclination toward electric vehicles with innovative features, and rising concerns regards driver safety, key automotive vehicle manufacturers in Europe are emphasizing on launching novel cars with advanced safety features.

For instance, in 2022, BMW, a German multinational luxury vehicles manufacturer, announced introducing, the BMW 7 Series, a new range of all-electric luxury sedans along with hybrid and internal combustion engine models with advanced ABS-EBD braking technology. A multiplicity of such new automobile launches with ABS systems is estimated to bolster the sales of automotive ABS motors in the Western Europe market.

Market Competition

Some of the leading players in the automotive ABS motor market LG Innotek, Mahle, Johnson Electric Holdings Limited, Continental AG, Parker Hannifin Corporation, Denso Manufacturing Italia S. P. A., and others.

The market for automotive ABS motor is highly competitive, due to growing focus on launching novel products and entering into collaboration, agreement, and partnership with industry players.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 8% to 9% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Vehicle Type, ABS Type, Sales Channel, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Companies Profiled	LG Innotek; Mahle; Johnson Electric Holdings Limited; Continental AG; Parker Hannifin Corporation; Denso Manufacturing Italia S. P. A.; Others
Customization	Available Upon Request

Key Segments Profiled in the Automotive ABS Motor Market Survey

By Vehicle Type:

• Passenger Car
• Mid-Size
• Compact
• Luxury
• SUVs
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
• Electric And Hybrid Vehicle

By ABS Type:

• One Channel, One Channel Type ABS
• Two Channel, Four Sensor Type ABS
• Three Channel, Three Sensors Type ABS
• Four Channel, Four Sensor Type ABS
• Three Channel, Four Sensor Type ABS

By Sales Channel:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the demand outlook for automotive ABS motor in the global market until 2032?

FMI projects the demand for automotive ABS motor in the market is expected to rise at 8% to 9% value CAGR by 2032

Which region is forecast to be the most lucrative for automotive ABS motor market growth?

The global automotive ABS motor market is anticipated to be dominated by North America over the forecast period 2022 to 2032.

Which are some leading automotive ABS motor manufacturers?

LG Innotek, Mahle, Johnson Electric Holdings Limited, Continental AG, Parker Hannifin Corporation, Denso Manufacturing Italia S. P. A., and others some of the leading players in the prominent automotive ABS motor market.