Europe Automotive Anti-Lock Braking System Market Size (2024 - 2029)

Europe Automotive Anti-Lock Braking System Market Analysis

The Europe Automotive Anti-Lock Braking System Market size is estimated at USD 20.35 billion in 2024, and is expected to reach USD 27.62 billion by 2029, growing at a CAGR of 6.30% during the forecast period (2024-2029).

• 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. However, with the expected increase in sales of passenger vehicles and increased awareness of safety in both passenger and commercial vehicles, the market is looking forward to reviving and growing economically back to pre-covid conditions.
• Over the long term, Growing production of vehicles with integrated safety features in the wake of rising awareness toward the comfort and safety of passengers and government regulations mandating safety features are expected to drive demand in the market. Moreover, the rising acceptance of self-driving or automated vehicles further contributes to the enhanced growth of the market.
• Nowadays, 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 important 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 higher adoption of ABS systems since results have shown that even a lower ABS-equipped system may increase braking distances.

Europe Automotive Anti-Lock Braking System Industry Segmentation

An anti-lock braking system (ABS) is a safety anti-skid braking system used on aircraft and land vehicles, such as cars, motorcycles, trucks, and buses. ABS operates by preventing the wheels from locking up during braking, thereby maintaining tractive contact with the road surface and allowing the driver to maintain more control over the vehicle.

The European automotive anti-lock braking system market is segmented by vehicle type, technology type, sales channel, and country. Based on the vehicle type, the market is segmented into motorcycles, passenger cars, and commercial vehicles. Based on the Technology type, the market is segmented into Sensors, hydraulic units, and electronic control units. Based on the Sales Channel, the market is segmented into OEM and Aftermarket. Based on the country, the market is segmented into Germany, the United Kingdom, Italy, France, and the Rest of Europe. 

For each segment, the market sizing and forecast have been done based on the value (USD).