|Study Period:||2018 - 2026|
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The European anti-lock braking system market accounted for USD 17 billion in 2020, and it is expected to reach USD 25 billion by 2026, projecting a CAGR of over 6% during the forecast period.
COVID-19 had a severe impact on the market due to the indirect consequence of low automotive production and sales registered in 2020 due to the pandemic.
Post pandemic, with the projected increase in demand for autonomous vehicles, increased need for individual mobility, and the growing need for better safety standards in the vehicles that are backed up by the governments of different countries, the market is expected to improve in terms of revenue and value.
These days, an anti-lock braking system (ABS) is used in every modern car. It automatically provides optimum braking force short of lockup. The computers modulate the brake pressure to ensure that all wheels maintain traction, allowing them to brake and steer simultaneously.
Europe is known for its swift and stringent adaption toward road safety. Countries, such as Germany and the United Kingdom, have mandated entry-level vehicles to install ABS systems just as importantly as seatbelts seen today in every car.
However, ABS in 2-wheelers, especially in cost-conscious markets, sometimes offer options for a single channel, with only a front-wheel equipped with an ABS. Additionally, entry-level cars are not provided by ABS with a higher safety system. However, with emerging technologies and growing government policies, entry-level and 2- wheelers may see a higher adoption toward ABS systems since results have shown that even a lower ABAS equipped system may increase braking distances.
Scope of the Report
The European automotive anti-lock braking system market is segmented by vehicle type (motorcycles, passenger cars, and commercial vehicles), technology type (sensors, hydraulic unit, and electronic control unit), demand type (OEM and replacement), and country (Germany, United Kingdom, Italy, France, and Rest of Europe). This report offers market size and forecasts for the European automotive anti-lock braking system in volume and value (in USD billion) for all the above segments.
|By Vehicle Type|
|By Technology Type|
|Electronic Control Unit|
|By Demand Type|
|Rest of Europe|
Key Market Trends
Autonomous Emergency Braking System Could Drive the Future Growth of the Market
For 4-wheelers, research indicates ABS is quite useful, reducing the overall crash-involvement rate by 6% in passenger cars and 8% in lightweight vehicles for non-fatal crashes, which is statistically significant. However, for fatal crashes, antilock brake systems (ABS) have close to a zero-net effect on the crash involvement, and ABS brakes do not appear to have any effect on rear-end collisions.
In 2-wheelers, 93% of motorcycle falls may have been avoided or reduced the severity of the accident. Additionally, a reduction in fatal and severe injuries to motorcycle drivers by 8 to 10% suggests that ABS may reduce the number of crash victims, especially on wet pavements, in improving overall vehicle stability during braking, preserving the ability to steer, and reducing stopping distances on many surfaces.
However, earlier information from the camera or LiDAR sensors was relatively slow, and these systems were only able to brake sufficiently to avoid a collision with a relative velocity of around 15 kph and termed as “City-AEB” or “low-speed AEB.” Therefore, they can detect obstacles at higher travel speeds. Hence, the autonomous emergency braking system may drive the future growth of the market.
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Germany Leads the European Market for ABS Usage
Governments are making continuous efforts across the world to reduce the rate of accidents. Mandating the anti-lock braking systems market in all automobiles is expected to remain the driving factor.
European Transport Safety Council (ETSC) called for automated emergency braking systems to be fitted as standard on new cars in the EU. However, options were available as an extra feature, especially on low-cost vehicles. Nevertheless, ETSC believes that ABS technology, along with Electronic Stability Control (ESC), should be compulsory for cars in the EU governments, worldwide, to reduce the rate of accidents.
In 2019, around 91.1% of registered motorcycles had anti-lock brake systems, as reported by The Insurance Institute of Highway Safety.
With Germany being home to major luxury, sport, and supercar carmakers, like Mercedes Benz, Porsche, Audi, and BMW, the use of the anti-lock braking system in the vehicles being manufactured by these companies creates a huge market opportunity for the industry.
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The European automotive anti-lock braking system market is consolidated with already existing players. The major players are Robert Bosch GmbH, Autoliv Inc., Continental Reifen Deutschland GmbH, DENSO Corporation, and ZF Friedrichshafen AG, among others. As the demand for anti-lock braking is growing in the region, the OEM manufacturers are trying to have the edge over their competitors by making joint ventures and partnerships and launching new products with advanced technology. For instance,
In IIHS crash tests, the BMW 5 Series earned its reputation by offering standard with automatic emergency braking, forward collision warning, lane departure warning, blind-spot monitoring, daytime pedestrian detection, rear cross-traffic alert, adaptive cruise control, a rearview camera, and front and rear parking sensors.
In July 2019, Denso Corporation and Toyota agreed to establish and develop a joint venture for the R&D of advanced next-generation onboard semiconductors that may be used in vehicle electronics and safety systems.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Driver
4.2 Market Restraint
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Buyers/Consumers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.2 Passenger Cars
5.1.3 Commercial Vehicles
5.2 By Technology Type
5.2.2 Hydraulic Unit
5.2.3 Electronic Control Unit
5.3 By Demand Type
5.4 By Country
5.4.2 United Kingdom
5.4.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Robert Bosch GmbH
6.2.2 Continental AG
6.2.3 DENSO Corporation
6.2.4 ZF AG
6.2.5 Autoliv Inc.
6.2.6 Hitachi Automotive Systems Ltd
6.2.7 Hyundai Mobis Co. Ltd
6.2.8 Nissin Kogyo Co.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Europe Automotive Anti-Lock Braking System Market market is studied from 2018 - 2026.
What is the growth rate of Europe Automotive Anti-Lock Braking System Market ?
The Europe Automotive Anti-Lock Braking System Market is growing at a CAGR of >6% over the next 5 years.
What is Europe Automotive Anti-Lock Braking System Market size in 2018?
The Europe Automotive Anti-Lock Braking System Market is valued at 17 Billion USD in 2018.
What is Europe Automotive Anti-Lock Braking System Market size in 2026?
The Europe Automotive Anti-Lock Braking System Market is valued at 25 Billion USD in 2026.
Who are the key players in Europe Automotive Anti-Lock Braking System Market ?
Robert Bosch GmbH, Autoliv Inc., DENSO Corporation, ZF AGhshafen AG, Autoliv Inc. are the major companies operating in Europe Automotive Anti-Lock Braking System Market .