The automotive anti-lock braking system market was valued at 49.06 billion in 2021 and is expected to reach USD 88.39 billion by 2027 registering a CAGR of above 9% during the Forecasts period (2022 - 2027).
The COVID-19 pandemic had a negative impact on the market. With low vehicle sales reported In 2020, the major market potential for anti-lock braking system market was completely low. Also, with very less or almost zero vehicular movements, the aftermarket sector of the industry did not register many sales. However, with the expected increase in sales of passenger vehicles and increased awareness of safety in both passenger and commercial vehicles, the market is looking forward to reviving and grow economically back to pre-covid conditions.
Over the long term, the increasing acceptance of ABS systems are the increasing focus on safety and the potential reduction in road-accident related deaths. Nearly 3,300 people die every day due to road crashes, and about 9/10th of the total casualties occur in the middle and low-income countries that have less than half of the world’s total vehicles.
The ABS market is expected to show a high rate of growth, as these systems are starting to be used extensively in entry-level two-wheelers. Most of the two-wheelers in the developed markets are high-end vehicles that have similar safety features as standard. But in the emerging markets, two-wheelers are entry-level vehicles and are the cheapest.Increased adoption of such safety systems in passenger vehicles is expected to boost the market during the Forecasts period.
However, Asia-pacific is projected to become the key market for the automotive anti-lock braking system , with Japan, India, and China, being the major automotive manufacture hubs during the Forecasts period.
The automotive anti-lock braking system market is primarily driven by the growing demand for vehicle safety and control systems, such as anti-lock brakes (ABS), in automobiles. Furthermore, the implementation of strict regulations dictating safety standards, and the launch of various programmes highlighting the importance of vehicle safety, has fuelled market expansion.
In Europe, all new passenger cars have to be equipped with ABS, since 2004. The United States took nearly a decade to mandate ABS in all new passenger cars. The National Highway Traffic Safety Administration (NHTSA) mandated ABS in conjunction with Electronic Stability Control (ESC), under the provisions of the March 2007 Federal Motor Vehicle Safety Standard (FMVSS) No. 126.
The increasing safety standards in the automotive industry, globally, are driving the developing countries to follow the developed countries, where all new passenger cars are sold with ABS as a standard feature.
The Ministry of Road Transport and Highways (MoRTH) in India released a notification, where ABS is mandatory for all new passenger cars adn two wheeler from April 2019. In 2021, nearly more than 92% of the passenger car sold had been equipped with ABS, owing to the mandatory ABS rule in countries like Japan and Brazil.
The increasing rate of accidents and the continuous efforts of governments across the world in reducing the number of accidents is a major driver for the anti-lock braking systems market.
Asia-Pacific is one of the fastest-growing markets globally. The increasing demand for the anti-lock braking system (ABS) in the region is supported by the increase in road safety rules, which makes sure that all new vehicles are equipped with ABS. For instance,
The European Union parliament mandated anti-lock braking systems as the standard equipment in motorcycles built from 2016. The Insurance Institute of Highway Safety reported that 8.9% of registered motorcycles were required to have anti-lock brake systems in 2017. This number increased steadily since 2002 when anti-lock brake technology was considered a standard form of equipment on only 0.2% of motorcycles.
The anti-lock brake system (ABS) market is anticipated to grow during the Forecasts period. As developed and developing countries are making the anti-lock braking system (ABS) mandatory in four-wheelers and two-wheelers for reducing the number of causalities.
The automotive anti-lock braking system market is dominated by major players, such as Robert Bosch GmbH, Autoliv Inc., Continental Reifen Deutschland GmbH, DENSO Corporation, and ZF Friedrichshafen AG.
The companies are strategically investing, making acquisitions, and entering into partnerships in key technologies. Also, almost all the passenger vehicles are equipped with the anti-lock braking system, which is majorly driving the market growth.
This product will be delivered within 2 business days.
The COVID-19 pandemic had a negative impact on the market. With low vehicle sales reported In 2020, the major market potential for anti-lock braking system market was completely low. Also, with very less or almost zero vehicular movements, the aftermarket sector of the industry did not register many sales. However, with the expected increase in sales of passenger vehicles and increased awareness of safety in both passenger and commercial vehicles, the market is looking forward to reviving and grow economically back to pre-covid conditions.
Over the long term, the increasing acceptance of ABS systems are the increasing focus on safety and the potential reduction in road-accident related deaths. Nearly 3,300 people die every day due to road crashes, and about 9/10th of the total casualties occur in the middle and low-income countries that have less than half of the world’s total vehicles.
The ABS market is expected to show a high rate of growth, as these systems are starting to be used extensively in entry-level two-wheelers. Most of the two-wheelers in the developed markets are high-end vehicles that have similar safety features as standard. But in the emerging markets, two-wheelers are entry-level vehicles and are the cheapest.Increased adoption of such safety systems in passenger vehicles is expected to boost the market during the Forecasts period.
However, Asia-pacific is projected to become the key market for the automotive anti-lock braking system , with Japan, India, and China, being the major automotive manufacture hubs during the Forecasts period.
Key Market Trends
Government Regulations Likely to Drive Adoption of ABS in Passenger Cars
The automotive anti-lock braking system market is primarily driven by the growing demand for vehicle safety and control systems, such as anti-lock brakes (ABS), in automobiles. Furthermore, the implementation of strict regulations dictating safety standards, and the launch of various programmes highlighting the importance of vehicle safety, has fuelled market expansion.
In Europe, all new passenger cars have to be equipped with ABS, since 2004. The United States took nearly a decade to mandate ABS in all new passenger cars. The National Highway Traffic Safety Administration (NHTSA) mandated ABS in conjunction with Electronic Stability Control (ESC), under the provisions of the March 2007 Federal Motor Vehicle Safety Standard (FMVSS) No. 126.
The increasing safety standards in the automotive industry, globally, are driving the developing countries to follow the developed countries, where all new passenger cars are sold with ABS as a standard feature.
The Ministry of Road Transport and Highways (MoRTH) in India released a notification, where ABS is mandatory for all new passenger cars adn two wheeler from April 2019. In 2021, nearly more than 92% of the passenger car sold had been equipped with ABS, owing to the mandatory ABS rule in countries like Japan and Brazil.
Government Regulations Across the World are Driving the ABS Market
The increasing rate of accidents and the continuous efforts of governments across the world in reducing the number of accidents is a major driver for the anti-lock braking systems market.
Asia-Pacific is one of the fastest-growing markets globally. The increasing demand for the anti-lock braking system (ABS) in the region is supported by the increase in road safety rules, which makes sure that all new vehicles are equipped with ABS. For instance,
- The Indian government has made it mandatory for all cars and mini-buses to install anti-lock braking system (ABS) by April 2019. According to the Road Transport Ministry, all new vehicles will have to comply with the norms from April 2018 onward. Similarly, all new vehicles of the existing models will have to install the ABS from April 2019 onwards. Moreover, ABS will be mandatory for two-wheelers with more than 125cc engine.
- In July 2020, Under Regulation (EU) No 168/2013, motorcycles in the L3e-A1 subcategory must be fitted with an advanced braking system consisting of either an anti-lock braking system (ABS) or a combined braking system (CBS) or both at the discretion of the manufacturer.
The European Union parliament mandated anti-lock braking systems as the standard equipment in motorcycles built from 2016. The Insurance Institute of Highway Safety reported that 8.9% of registered motorcycles were required to have anti-lock brake systems in 2017. This number increased steadily since 2002 when anti-lock brake technology was considered a standard form of equipment on only 0.2% of motorcycles.
The anti-lock brake system (ABS) market is anticipated to grow during the Forecasts period. As developed and developing countries are making the anti-lock braking system (ABS) mandatory in four-wheelers and two-wheelers for reducing the number of causalities.
Competitive Landscape
The automotive anti-lock braking system market is dominated by major players, such as Robert Bosch GmbH, Autoliv Inc., Continental Reifen Deutschland GmbH, DENSO Corporation, and ZF Friedrichshafen AG.
The companies are strategically investing, making acquisitions, and entering into partnerships in key technologies. Also, almost all the passenger vehicles are equipped with the anti-lock braking system, which is majorly driving the market growth.
- In March 2022, Haldex has signed a long-term agreement with KRONE Commercial Vehicle Group for the supply of the fourth generation Electronic Brake System (EBS) platform for trailers.
- In March 2022, ZF announced that its new Commercial Vehicle Solutions division will introduce its full product and technology portfolio for heavy-duty trucking applications at TMC 2022 in Orlando. ZF's show floor exhibit includes a virtual tour of the company's entire commercial vehicle product line, including chassis technology: air management; suspension solutions; air disc brakes, brake actuators, and vacuum pumps, vehicle dynamics: ADAS, anti-lock braking systems (pneumatic and hydraulic), and steering solutions.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Continental Reifen Deutschland GmbH
- Delphi Technologies PLC
- DENSO Corporation
- Autoliv Inc.
- ZF Friedrichshafen AG
- Robert Bosch GmbH
- Haldex AB
- WABCO Holdings Inc.
- Hyundai Mobis Co. Ltd
Methodology
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