During the assessment period between 2022 and 2032, sales in the global automotive anti-lock braking system (ABS) motor market are anticipated to increase at a phenomenal CAGR of 8% to 9%.
The anti-lock braking system (ABS) is a braking system that is frequently employed in cars as a vital safety feature that aids in steering control and avoids wheel locking. The primary safety feature of an anti-lock braking system is to keep the vehicle in contact with the road, stop it from skidding, and prevent accidents. A crucial component of the ABS hydraulic control unit is the automotive ABS motor. To prevent wheel lock-up, the automobile ABS Motor is in charge of increasing the pressure against the braking force and switching the valves back to the closed state. As needed, the automotive ABS motor modifies the hydraulic brake fluid volume to regulate each wheel’s speed.
The automotive ABS motor market is directly correlated with the growth of the automotive ABS industry. Growing government and regulatory board standards and norms are the primary drivers of the automotive ABS Motor industry.
Numerous countries have been forced to enact strict rules and regulations to incorporate improved braking systems in automobiles due to the rising incidence of traffic accidents. As a result, there are now more cars with ABS installed, which is fueling the growth of the automotive ABS motor market. Leading manufacturers of conventional and electric vehicles have recently expanded their product lines with fitted ABS, which is expected to boost demand for automotive ABS motors. With rising safety concerns, more new cars being built with ABS, and stricter government regulations, the automotive ABS motor market is anticipated to experience strong demand in the years to come.
The cost of maintenance for the automobile ABS motor is significant. This is expected to reduce demand for automobile ABS motors, particularly in the aftermarket, together with fluctuating raw material prices. However, it is anticipated that the market’s overall drivers would prevail over the automotive ABS motor market’s restraints.
Key Players –
- LG Innotek
- Johnson Electric Holdings Limited
- Continental AG
- Parker Hannifin Corporation
- DENSO MANUFACTURING ITALIA S. p. A.