Automotive ABS Motor Market Is Expected To Grow At USD 119.4 Billion By 2032 |Smurfit Kappa Group, DS Smith Plc., Packaging Corporation of America

The Automotive ABS Motor market size was USD 54.1 Billion in 2022 and is anticipated to reach USD 119.4 Billion in 2032, growing at a rate of 8.0% from 2023 to 2032.

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.

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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.

New materials and manufacturing processes are being explored to improve the performance of ABS motors. These include the use of new metals and alloys, as well as new methods of manufacturing and assembly. These advances help to improve the efficiency of the motors and reduce their cost.

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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.

The growing demand for luxury vehicles is another major driver of the automotive ABS market. Luxury vehicles are equipped with advanced safety features, such as ABS, which offer better control and stability during emergency braking. The increasing production of vehicles is also expected to drive the automotive ABS market.

The automotive ABS market faces some challenges, such as the high cost of ABS systems and the lack of awareness about the benefits of ABS. The high cost of ABS systems is a major challenge for the market, as ABS is a relatively new technology and is not yet cost-effective. The lack of awareness about the benefits of ABS is another challenge for the market.

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Restraints & Challenges

The key restraints in the automotive ABS motor market are its high cost and the need for skilled labor for its installation. The cost of an ABS motor is about 10-15% higher than a conventional motor. The other challenge is the need for skilled labor for its installation. The installation of an ABS motor requires special tools and training which can be costly and time-consuming.

Market Segments

The Automotive ABS Motor market has been segmented into ABS Type, Vehicle Type, and Region. Based on the ABS Type, the Automotive ABS Motor market is segmented into One-Channel, One-Sensor ABS System, Three-Channel, Three-Sensor ABS System, and Four-Channel, Four-Sensor ABS System. On the basis of Vehicle Type, the market is segmented into Motorcycles, Passenger Cars, and Commercial Vehicles. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

Some of the key players of Unmanned Underwater Vehicles (UUV) market are BorgWarner Inc. (Delphi Technologies) (US), Continental AG (Germany), Ford Motor Company (US), Haldex Group (Sweden), Johnson Electric Holdings Limited (China), MAHLE GmbH (Germany), Murata Manufacturing Co., Ltd. (Japan), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany).

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