Automotive Anti-lock Braking System Market Size Anticipating a Steady Increase from 2022 to 2032

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Overview

The automotive anti-lock braking system market size was valued at USD 59.58 billion in 2022 and is expected to reach USD 131.58 billion by 2032, registering a CAGR above 9% during the forecast period (2023 – 2032).

Automotive Anti Lock Braking System Market Size 2023 - 2032

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  • The COVID-19 pandemic negatively impacted the automotive anti-lock braking system (ABS) market in 2020.
  • Low vehicle sales and minimal aftermarket activity were reported during this period.
  • However, the market is expected to revive as passenger vehicle sales increase and safety awareness grows.
  • The long-term outlook for ABS is promising due to increasing safety concerns and potential reduction in road accident fatalities.
  • High growth is anticipated in the ABS market, particularly with the increasing adoption in entry-level two-wheelers.
  • Asia-Pacific, including Japan, India, and China, is projected to become the key market for automotive ABS during the forecast period.
  • The automotive anti-lock braking system (ABS) functions differently from conventional brakes, offering enhanced precision and control.
  • A hydraulic unit is central to the ABS, comprising an electronic control unit (ECU) and a return pump.
  • Each wheel has a wheel-speed sensor, transmitting speed data to the control unit.
  • During heavy braking, if a wheel is at risk of locking, the system reduces braking pressure on that wheel to prevent lock-up.
  • Brake pressure is restored once the wheel regains traction until the driver reduces pedal force.
  • ABS components include sensors, an electronic control unit (ECU), and a hydraulic unit, ensuring optimal braking performance and stability.

Insights into the Automotive Anti-lock Braking System Market

This section covers the major market trends shaping the Automotive ABS & Electronic Stability Control Market according to our research experts:

Regulatory Drive: Government Mandates to Boost ABS Adoption in Passenger Cars

  • The automotive anti-lock braking system (ABS) market is primarily driven by the growing demand for vehicle safety and control systems in automobiles.
  • Strict regulations dictating safety standards and launching programs emphasizing vehicle safety have fuelled market expansion.
  • In Europe, all new passenger cars have been required to be equipped with ABS since 2004, while the United States mandated ABS nearly a decade later under Federal Motor Vehicle Safety Standard (FMVSS) No. 126 in March 2007, along with Electronic Stability Control (ESC).
  • Increasing safety standards globally are prompting developing countries to follow suit, with ABS becoming a standard feature in new passenger cars.
  • India’s Ministry of Road Transport and Highways (MoRTH) mandated ABS for all new passenger cars and two-wheelers in April 2019, resulting in nearly 92% of passenger cars sold in 2021 being equipped with ABS.
  • Mandatory ABS rules in countries like Japan and Brazil have also contributed to the widespread adoption of ABS in passenger cars.

Global Government Regulations Propel ABS Market Growth

  • The increasing rate of accidents worldwide and governments’ continuous efforts to reduce casualties are significant drivers for the anti-lock braking systems (ABS) market.
  • Asia-Pacific is one of the fastest-growing markets globally for ABS, supported by the implementation of road safety regulations mandating ABS installation in all new vehicles.
  • For instance, the Indian government mandated ABS installation in all cars and mini-buses by April 2019, with compliance required from April 2018 onwards. Additionally, ABS became mandatory for two-wheelers with engines over 125cc.
  • In the European Union, motorcycles in the L3e-A1 subcategory must have an advanced braking system, including ABS or a combined braking system (CBS), as per Regulation (EU) No 168/2013.
  • The National Transportation Safety Board (NTSB) advocates for anti-lock brakes in motorcycle manufacturing in the United States, aiming to influence the National Highway Traffic Safety Administration (NHTSA) to introduce and enforce road safety regulations.
  • Studies show that motorcycles with ABS have a significantly lower crash rate, prompting regulatory bodies to mandate ABS as standard equipment. For example, the European Union parliament mandated ABS in motorcycles in 2016.
  • The ABS market is expected to grow during the forecast period as developed and developing countries make ABS mandatory in both four-wheelers and two-wheelers to reduce casualties.

Govt ABS Mandate for New Bikes Lauded: A Major Step Towards Rider Safety

The Malaysian Institute of Road Safety Research (MIROS) has praised the government’s decision to mandate the installation of anti-lock braking systems (ABS) in new motorcycles with engine capacities of 150cc and above, starting January next year. The move is expected to significantly enhance rider safety and reduce motorcycle-related fatalities and accidents.

According to MIROS, the introduction of mandatory ABS is timely, as motorcycle riders and their passengers made up 65% of the 6,443 road crash fatalities in 2023. The institute believes this initiative marks a crucial step in mitigating risks for motorcyclists, who are often vulnerable to poor stability control and limited stopping power during emergency braking situations.

“Given their heightened exposure to injury, focusing on crash avoidance technologies like ABS is essential to enhancing motorcycle safety,” MIROS stated.

ABS, which was first introduced in 1988, prevents wheel lock-up during braking, enhancing motorcycle stability and helping avoid falls before collisions. Numerous studies have demonstrated that ABS-equipped motorcycles offer shorter and more consistent braking distances, leading to better control and fewer accidents.

Globally, ABS is recognized as a key technology in the Global Plan for the 2nd Decade of Action for Road Safety (2021-2030), which aims to cut road traffic fatalities by 50%. Malaysia’s Road Safety Plan 2022-2030 has similarly prioritized the mandatory implementation of ABS for new motorcycles, underscoring its importance in setting higher safety standards.

  • The motorcycle industry has shown strong support for the move. A recent market survey revealed that 70% of models with engine capacities between 150cc and 250cc, produced by three major manufacturers in Malaysia, are already equipped with ABS. Previously, while ABS was standard for motorcycles above 250cc, it was not mandated for lower-capacity bikes sold in the country.
  • The effectiveness of ABS has been validated in regions where similar regulations have been enforced. A 2023 report by the European Transport Safety Council showed that motorcyclist fatalities in the EU had declined by an average of 2% annually over the past decade. Studies in Sweden, Germany, India, and Indonesia also revealed that ABS-equipped motorcycles reduced crashes by 18%, 26%, 33%, and 26%, respectively.

Countries such as the European Union, Japan, India, Brazil, Taiwan, and Thailand have already made ABS mandatory for motorcycles, contributing to global trends that have lowered the cost of ABS components. With Thailand being a major ABS producer, Malaysia is expected to see reduced ABS costs, ensuring that motorcycles with this technology remain affordable for local consumers.

By mandating ABS, Malaysia is positioning itself as a regional leader in road safety. The initiative is expected to raise vehicle safety standards, reduce crashes and fatalities, and foster a stronger safety culture. MIROS will closely monitor road crash statistics to assess the mandate’s impact, ensuring it contributes to the country’s broader road safety objectives.

However, experts caution that while ABS improves safety, it should not replace responsible riding habits. “Riders must continue to prioritize safe driving practices and not rely solely on technology,” emphasized an automotive industry expert.

Automotive Anti-lock Braking System Market Regional Insights

  • Geographical Segmentation: The worldwide automobile anti-lock braking system market is segmented into four regions: North America, Europe, Asia Pacific, and the rest of the world.
  • Asia Pacific Dominance: Asia Pacific is forecasted to lead the automotive anti-lock braking system market due to the surge in vehicle production and sales. Manufacturers in this region are intensifying efforts to develop advanced ABS systems to gain a competitive advantage.
  • North American Presence: North America is projected to hold the second-largest share of the market. The region benefits from increasing investments in research and development, particularly in vehicle safety features.
  • Safety System Adoption: Developed countries like the U.S., Germany, and France are witnessing a growing adoption of safety systems, which is expected to propel market growth throughout the forecast period.

Automotive Anti-lock Braking System Market Leaders

  • 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

Automotive Anti-lock Braking System Industry Segmentation

  • An anti-lock braking system (ABS) is a safety feature used in land vehicles and aircraft.
  • ABS prevents wheel lock-up during braking to maintain traction with the road or runway.
  • It is commonly found in cars, motorcycles, trucks, buses, and various aircraft.
  • The system enables drivers to maintain better control of the vehicle during braking manoeuvres.

Market Segmentation

By Vehicle Type

  • Motorcycles
  • Passenger Cars
  • Commercial Vehicles

By Geography

  • North America
    • United States
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
    • United Arab Emirates
  • Middle East and Africa
    • South Africa
    • Rest of South America

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