Electronic Stability Control System Market Size, Share 2019 Global Industry Analysis By Growth, Merger, Sales, Revenue And Regional Forecast To 2023
According to latest Electronic Stability Control System Market Analysis 2019 to 2023 report, the global Electronic Stability Control System market is expected to grow at 8.9% CAGR by 2023. Report include insightful analysis on Electronic Stability Control System Market.
Pune, India – September 30, 2019 /MarketersMedia/ —
According to latest Electronic Stability Control System Market Analysis 2019 to 2023 report, the global Electronic Stability Control System market is expected to grow at 8.9% CAGR by 2023. Report include insightful analysis done by Electronic Stability Control System Industry expertise which comprises valuable historical and forecast information on Electronic Stability Control System Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle), Drive Type (Rear Wheel Drive, Front Wheel Drive, and All Wheel Drive), and Region.
Global Electronic Stability Control System Market Overview:
Report provides valuable insights on Electronic Stability Control System Industry key players sales, revenue, market shares, size, trends in terms of volume, opportunity and risk assessment with regional market analysis from 2019 to 2023.
Get Free Sample Copy of “Electronic Stability Control System Market Research Report – Global Forecast 2023” at: https://www.marketresearchfuture.com/sample_request/4684
Electronic stability control system has the variety of different names, including Dynamic Stability Control, Vehicle Stability Control, Dynamic Stability and Traction Control, StabiliTrak, and Advance Trac. This system considerably enhances stability and control in vehicles, in critical situations. These systems use computer control for individual wheel brakes to help the driver maintain control of the vehicle during extreme movements.
Market Research Future (MRFR)’s assessment reveals that the global electronic stability control system market is expected to scale a CAGR of 8.9% during the forecast period. The increase in production and sales of vehicles is poised to boost the growth trajectory of the market over the next couple of years. The rising demand for high-end cars is another major factor responsible for driving the growth of the electronic stability control system market in the foreseeable future.
The electronic stability control system market is completely dependent on the automotive industry. Thus, the increase or decrease in demand of the automotive industry directly has an impact on the market. In 2015, the total four-wheeler production was that of almost 90 million units, which is expected to witness further boost and reach more than 100 million units by the year 2020. Hence, this will provide a positive influence on the growth of the market. However, both high capital intensive and high cost of the system, may hamper the growth of the market.
Electronic Stability Control System Market Segment Analysis:
For the purpose of this study, the global electronic stability control systems market has been segmented by vehicle type, and by drive type.
By vehicle type, the market has been segmented as passenger car, light commercial vehicle and heavy commercial vehicles of which passenger cars account the largest market followed by LMV and HMV. The passenger vehicle, which essentially carries many passengers, accounts for almost 66% of the global vehicle production. With the rise in income levels, the passenger vehicle segment has witnessed a significant rise in production and sales.
Light commercial vehicle segment is the second largest segment in terms of value. A commercial vehicle is basically a motor vehicle utilized for the purpose of transporting goods or paid passengers. Light commercial vehicles include pickup trucks, and vans.
Based on drive type, the market has been segmented as rear wheel drive, front wheel drive, and all-wheel drive. The rear wheel drive segment dominates the drive type segment of the market. The all-wheel drive segment is expected to grow at the highest CAGR during the forecast period.
Detailed Regional Outlook:
The geographical study of the market spans across North America, Europe, Asia Pacific and the Rest of the World (RoW).
North America is presumed to exhibit high growth over the assessment period. The advancements in automotive technology are expected to drive the expansion of the electronic stability control system market in the region. Europe is poised to have a substantial share of the global market due to rising investments in the automotive sector. Furthermore, the growth of the automotive sector is anticipated to reflect on the proliferation of the market favorably.
Asia Pacific is prognosticated to expand at a relatively higher CAGR across the review period. China is the most crucial market of the region and is anticipated to contribute substantially to the development of the electronic stability control system market.
Report Scope:
Study Period: 2018 to 2023.
Base Year: 2018.
Competitive Analysis:
7.1 Introduction
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Product/Service Benchmarking
7.3 Robert Bosch GmbH
7.3.1 Overview
7.3.2 Product/Service Offering
7.3.3 Strategy
7.4 Johnson Electric
7.4.1 Overview
7.4.2 Product/Service Offering
7.4.3 Strategy
7.5 TRW Automotive Holdings
7.5.1 Overview
7.5.2 Product/Service Offering
7.5.3 Strategy
7.6 Continental AG
7.6.1 Overview
7.6.2 Product/Service Offering
7.6.3 Strategy
7.7 Delphi Automotive
7.7.1 Overview
7.7.2 Product/Service Offering
7.7.3 Strategy
7.8 Hitachi Automotive Systems Ltd.
7.8.1 Overview
7.8.2 Product/Service Offering
7.8.3 Strategy
7.9 Autoliv Inc.
7.9.1 Overview
7.9.2 Product/Service Offering
7.9.3 Strategy
7.10 Toyoda Gosei Co. Ltd
7.10.1 Overview
7.10.2 Product/Service Offering
7.10.3 Strategy
7.11 WABCO Holdings Inc.
7.11.1 Overview
7.11.2 Product/Service Offering
7.11.3 Strategy
7.12 Murata Manufacturing Co., Ltd.
7.12.1 Overview
7.12.2 Product/Service Offering
7.12.3 Strategy
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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