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Automotive Electronic Stability Control System Market 2018 Global Industry Insights by Global Share, Emerging Trends, Regional Analysis, Segments, Prime Players, Drivers, Growth Factor and Foreseen till 2023 | 360 Market Updates

Automotive Electronic Stability Control System

Automotive Electronic Stability Control System Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Automotive Electronic Stability Control System market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Automotive Electronic Stability Control System Market report is anticipated to register a CAGR of 9.57% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Automotive Electronic Stability Control System Market are –

  • Autoliv
  • Bosch
  • Continental Ag
  • Delphi Automotive
  • Fujitsu Ten
  • Hitachi
  • Honeywell
  • Johnson Electric
  • Toyoda Gosei
  • Trw Automotive
  • Wabco

Every year, close to 50 million people are injured in accidents globally, and about 3,300 people die every day from road crashes. 9/10ths of the total casualties occur in the middle and low-income countries that have less than half of the world’s total vehicles. This is majorly because of lack of safety systems in the automobiles sold in those regions. But the use of systems such as ESC is now growing in the emerging markets which has led the market to register a healthy CAGR of 9.57% during the forecast period.

Rising safety concerns to fuel growth

Electronic stability control detects loss of traction and automatically applies brakes to improve vehicle’s stability. Africa is a huge potential market; however, it will take a little time for the electronic stability control systems to become standard in the automobiles sold. The sales of automobiles are currently very low but are expected to grow exponentially, especially in markets like Ghana and Nigeria that are experiencing a rise in the disposable incomes. But the highest growth in the forecast period is expected to be shown by the Asia-Pacific region, where there has been rising safety concerns and more stringent regulations. India is forecasted to show the highest rate of growth in the region. A majority of the entry level hatchbacks sold in India recently scored a 0 in the Euro NCAP (New Car Assessment Program) safety ratings and this created awareness about the poor level of safety standards. Since then, some safety features have started coming as standard in all models. The National Highway Truck Safety Administration finalized a rule in 2015 that makes it mandatory for commercial motor vehicles to include electronic stability control systems. This legislation will have a positive effect on the electronic stability control systems market.

Slow economic growth in Latin America to hinder market

ESC Systems come as standard in most of the luxury car models. The sales of luxury cars are rising rapidly in the Asia-Pacific region, which will boost the electronic stability control systems market. Latin America is anticipated to be the slowest growing market due to the sluggish growth in the passenger and commercial vehicle sales as a result of the poor economic growth scenario. Overall, the market is predicted to grow the fastest in the passenger vehicle segment in the region. The growth in the market will be a result of the tightening legislation all over the world that will make it mandatory to have such systems in the passenger and commercial vehicles.

The market has been segmented by vehicle type (passenger vehicles, commercial vehicles) and geography (North America, South America, Europe, Middle East & Africa and Asia-Pacific).

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Scope of the Report:

The report analyses Automotive Electronic Stability Control System market, which includes –

  • Analysis of the growth of Automotive Electronic Stability Control System market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Automotive Electronic Stability Control System market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Automotive Electronic Stability Control System market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Automotive Electronic Stability Control System market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Automotive Electronic Stability Control System Market Report:

  • Varying dynamics of the Automotive Electronic Stability Control System industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Automotive Electronic Stability Control System market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Automotive Electronic Stability Control System market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Automotive Electronic Stability Control System Market Report:

  • The report analyses how stringent emission control norms will drive the global Automotive Electronic Stability Control System market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Automotive Electronic Stability Control System market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Automotive Electronic Stability Control System:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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Contact Info: –

360 Market Updates

Mr. Ajay More

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UK: +44 203 239 8187

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