Press release
Automotive ABS Motor Market Will Rise due to Growing Demand for Luxury Vehicles | Continental AG, Parker Hannifin Corporation, Denso Manufacturing Italia S. P. A.
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Automotive ABS motors are electric motors that are used in vehicles to control the braking system. These motors are designed to provide high torque and power to the braking system, which allows the vehicle to stop quickly and safely.
Key Trends
Some of the key trends in automotive ABS motor technology include the development of smaller, more efficient motors, the use of more powerful magnets, and the use of new materials and manufacturing processes. These trends are driven by the need for more fuel-efficient vehicles and the desire to reduce emissions.
Smaller, more efficient motors are being developed to reduce the size and weight of vehicles. This helps to improve fuel economy and reduces emissions. More powerful magnets are being used to improve the efficiency of electric motors. This allows for smaller, lighter motors with the same or more power output.
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Key Drivers
The major drivers of this market are the stringent vehicle safety norms, growing demand for luxury vehicles, and increasing vehicle production.
The stringent vehicle safety norms, such as the European Union's (EU) directive on passenger car safety (ECE-R13), have mandated the use of ABS in all passenger cars. Moreover, the UN's Economic Commission for Europe (UNECE) has also made ABS mandatory for motorcycles with an engine displacement of more than 125 cc. These regulations are expected to drive the automotive ABS market.
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Market Segments
The Automotive ABS Motor Market is segmented by vehicle type, ABS type, sales channel, and region. By vehicle type, the market is divided into passenger car, mid-size, compact, and others. Based on ABS type, it is bifurcated into one channel, two channel, three channel, and others. On the basis of sales channel, it is classified into original equipment manufacturers (OEMs) and aftermarket. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Automotive ABS Motor Market includes players such as LG Innotek, Mahle, Johnson Electric Holdings Limited, Continental AG, Parker Hannifin Corporation, Denso Manufacturing Italia S. P. A., Robert Bosch GmbH, Nissin Kogyo Co. Ltd., Autoliv Inc., and Hyundai Mobis Ltd.
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