Market Trends of Europe Automotive Anti-Lock Braking System Industry
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 in automobiles, such as anti-lock brakes (ABS). Furthermore, the implementation of strict regulations dictating safety standards, and the launch of various programs highlighting the importance of vehicle safety, have fuelled market expansion.
- In Europe, all new passenger cars must 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 across the region are driving market growth, where all new passenger cars are sold with ABS as a standard feature.
- 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, by improving overall vehicle stability during braking, preserving the ability to steer, and reducing stopping distances on many surfaces.
- The government mandates the anti-lock braking system in vehicles across the region, which in turn is likely to enhance the demand for the system in coming years.
- For instance, in March 2023, The European Transport Safety Council (ETSC) mandated anti-lock braking systems (ABS) on all new motorcycles, including those under 125cc.
- With the above-mentioned development across the region, the market is likely to witness major growth for the market during the forecast period.
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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.
- Germany is one of the leading vehicle manufacturing countries across the globe. The country has the major presence of housing industry giants such as Volkswagen, Daimler-Mercedes, BMW, Porsche, etc. The automotive industry in the country accounts for much of the R&D spending of the country, with a share of over 35%. Several presences of automotive tier-1 suppliers, such as Robert Bosch, Continental AG, and others across the country, are likely to witness major growth in the market during the forecast period.
- Additionally, the country introduced incentives and investments, like purchase grants, ownership tax, and company car tax, to promote clean cars. The adoption rate of hybrid electric vehicles witnessed a rate higher than 100%. This would positively impact the target market growth.
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