Automotive Anti-lock Braking System (ABS) Motors Market Size | World report, 2032
North America is expected to show robust growth in the global automotive ABS motor market between 2022 and 2032. LG Innotek, Mahle, Johnson Electric Holdings Limited, Continental AG, Parker Hannifin Corporation, Denso Manufacturing Italia SPA and others among the major players in the automotive ABS motor market
NEWARK, Del., August 11, 2022 /PRNewswire/ — Global Automotive Anti-lock Braking System (ABS) Motor Market Sales Expected to Grow at a Remarkable Rate CAGR of 8% to 9% CAGR during the assessment period between 2022 and 2032.
The anti-lock braking system (abs) is an automotive braking system widely used as a major safety in automobiles that helps the vehicle maintain steering control and prevents the wheels from locking up. The main safety control of the anti-lock braking system is to maintain traction force with the road, prevent the vehicle from skidding and avoid accidents.
The automotive ABS motor is an essential part of the ABS hydraulic control unit in ABS. The automotive ABS motor is responsible for building up pressure against braking force and returning the valves to the closed position to prevent wheel lockup. The automotive ABS motor adjusts the hydraulic amount of brake fluid to control the speed of each wheel based on the required output.
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The growth of the automotive ABS market is directly proportional to the growth of the automotive ABS engine market. The automotive ABS motor market is primarily driven by the increasing guidelines and standards from governments and regulatory bodies.
The increasing number of road accidents has necessitated strict rules and regulations by several governments for the implementation of better braking systems in motor vehicles. This has led to an increase in the number of ABS installations in automobiles and is driving the automotive ABS engine market.
In recent times, major automobile manufacturers of conventional and electric vehicles have increased their product offerings with ABS installed, which is expected to increase the demand for automotive ABS motor. With rising safety concerns, increasing installations of ABS in new automobiles, and imposition of government standards, the automotive ABS motor market is expected to see healthy demand in the coming years.
Automotive ABS motor requires high maintenance costs. This, coupled with fluctuating raw material prices, is expected to hamper demand for automotive ABS motors, especially in the aftermarket. But, overall market motors are expected to prevail over Automotive ABS Motors market restraints.
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Automotive ABS Motor Market: Regional Outlook
In the global market, the passenger car segment is expected to hold a major market share in the automotive ABS engine market owing to the increase in the production rate of automobiles with ABS. countries like United States, China, Germanyand India are expected to drive the automotive ABS motor market owing to the high volume of automobile sales in these regions. With several governments enforcing strict safety rules and regulations for car manufacturers, especially the governments of ChinaIn the United States and European countries, the automotive ABS motor market is expected to grow at a significant rate over the stipulated period.
In North America and Europe, new generation of automobiles, hybrid and electric vehicles, are manufactured with a mandatory ABS braking system. This implementation by automobile manufacturers is expected to boost the automotive ABS motor market.
In Indiaa change in the Motor Vehicle Act in 2017 made ABS mandatory for all new commercial vehicle models, increasing the demand for automotive ABS motors in the region.
Automotive ABS Motor Market: Major Participants
Examples of some of the major market players operating in the global Automotive ABS Motors Market are:
- LG Innotek
- Johnson Electric Holdings Limited
- Continental SA
- Parker Hannifin Corporation
- DENSO MANUFACTURING ITALIA Sp UN.
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Brief research approach
The Automotive ABS Motors research report presents a comprehensive assessment of the Automotive ABS Motors market and contains thoughtful information, facts, historical data and market data backed by statistics and validated by the industry. It also contains projections using an appropriate set of assumptions and methodologies. The Automotive ABS Engine research report provides analysis and information according to market segments, such as geographies, applications, and industry.
Automotive ABS Motors Regional Analysis Includes:
- North America (WE, Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, FranceUK, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, IndiaASEAN, Australia & New Zealand)
- Middle East and Africa (GCC countries, South Africa, North Africa)
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Key segments featured in the Automotive ABS Motors market investigation
By type of vehicle:
- Passenger car
- Average height
- Light commercial vehicle (LCV)
- Heavy utility vehicle (HCV)
- Electric and hybrid vehicle
By type of ABS:
- A canalOne-channel type ABS
- Two-channel, four-sensor ABS
- Three channels, three ABS type sensors
- Four-channel, four-sensor ABS
- Three-channel, four-sensor ABS
By sales channel:
- Original Equipment Manufacturers (OEMs)
- Secondary market
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
3.3. Opportunity Map Analysis
3.4. Product life cycle analysis
3.5. Supply chain analysis
3.5.1. Supply-side participants and their roles
188.8.131.52. Mid-level participants (traders/agents/brokers)
184.108.40.206. Wholesalers and distributors
3.5.2. Value added and value created at the node of the supply chain
3.5.3. List of raw material suppliers
3.5.4. List of existing and potential buyers
3.6. Investment Feasibility Matrix
3.7. Value chain analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and distributors
3.8. PESTLE and Porter’s analysis
3.9. Regulatory landscape
3.9.1. By key regions
3.9.2. By key countries
3.10. Regional Parent Market Outlook
3.11. Production and consumption statistics
3.12. Import and export statistics
4. Global Automotive ABS Motors Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size (Million US$) and Volume (Units) Value Analysis, 2017-2021
4.2. Current and Future Value Projections of Market Size (Million US$) and Volume (Units), 2022-2032
Read the full table of contents….
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Future Market Insights (ESOMAR certified market research organization and member of Greater New York Chamber of Commerce) provides detailed information on the driving factors that increase the demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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