Electronic Stability Control System Global Market is segmented By Vehicle Type (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle), By Drive Type (Rear Wheel Drive, Front Wheel Drive, and All Wheel Drive), and By Region. Report provides Electronic Stability Control System Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Get Sample Copy of “Electronic Stability Control System Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/4684
Electronic Stability Control System Market Key Companies Studied In This Research Report:
Robert Bosch GmbH (Germany), Johnson Electric. (Hong Kong), TRW Automotive Holdings (U.S.), Continental AG (Germany), Delphi Automotive (U.K.), Hitachi Automotive Systems Ltd. (Japan), Autoliv Inc. (Sweden), Toyoda Gosei Co. Ltd (Japan), WABCO Holdings Inc. (U.S.), and Murata Manufacturing Co., Ltd. (Japan),.
Global Electronic Stability Control System Market Analysis 2019:
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.
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. This is done by keeping the vehicle headed in the direction the driver is steering even when the vehicle nears or reaches the limits of road traction. 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.
Study Period: 2017-2023
Base Year: 2017
Target Audience of Report: This report mainly focuses on Electronic Stability Control System manufacturers, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Electronic Stability Control System market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Electronic Stability Control System Global Industry are studied in this report.
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 types, the market has been segmented as rear wheel drive, front wheel drive, and all-wheel drive. Rear wheel drive dominates the drive type segment of the market. The all-wheel drive segment is expected to grow at a highest CAGR during the forecast period. The rising safety concerns, among consumers, and growing production of all-wheel drive vehicles in North America and Europe, are driving the demand of the segment.
Region-wise, the global Electronic Stability Control System market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
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.
Study Objectives of Global Electronic Stability Control System Market:
— To provide detailed analysis of the market structure along with forecast for the next five of various segments and sub-segments of the global market
— To provide insights about factors affecting the market growth
— To analyze the market based on various factors such as supply chain analysis, and Porter’s five forces analysis
— To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries – North America, Europe, Asia-Pacific, and ROW.
— To provide country level analysis of the market with respect to the current market size and future prospective
— To provide country level analysis of the market for segment by type, vehicle type, and region
Major Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Browse Complete Report of pages at: https://www.marketresearchfuture.com/reports/electronic-stability-control-system-market-4684
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.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar