Electronic Stability Control System Market 2018-2023: Global Industry Key Players, Size, Trends, Growth Analysis By Vehicle Type, Drive Type, And Region

Electronic Stability Control System Market Research Report - Global Forecast to 2023 is latest published report by “MarketResearchFuture”, provides detailed analysis of Global Electronic Stability Control System Market Size, Share, Key Players, Growth Factors, and Regional Outlook To 2023. Electronic Stability Control System Market Categorized 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.

Electronic Stability Control System Market Highlights:

Market research future published a research report on global electronic stability control system market. The electronic stability control system market is expected to grow at 8.9% CAGR during the period 2017 to 2023.

The prominent players in the electronic stability control system market include 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.), Murata Manufacturing Co., Ltd. (Japan), and among others.

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Electronic stability control systems considerably enhance 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. Electronic stability control systems have a variety of names, including Dynamic Stability Control, Vehicle Stability Control, Dynamic Stability and Traction Control, StabiliTrak, and Advance Trac.

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.

For 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 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. Rise in both production of all-wheel drive vehicles and safety concerns among the consumers in North America and Europe, are driving the demand of this segment.

Regional Outlook:

Geographically, the global electronic stability control system market has been divided as North America, Europe, Asia Pacific and Rest of the World. North America, of all the regions, has accounted for the largest market share, in 2016, followed by Europe and Asia Pacific. Increasing production of technologically advanced vehicle, and growing investment in R&D in automotive industry, are driving the growth of the market in North America.

Asia Pacific is expected to grow at a highest CAGR during the forecast period, driven by the increasing automotive manufacturing activities. Increasing disposable income among individuals and the rising demand for luxury vehicles, are also fueling the market growth. China is the major market in Asia Pacific region. It has emerged as one of the leading markets for electric cars in terms of sales. And as per government reforms, the country has planned to ban the sales of all the petrol and diesel vehicles by 2019.

Table of Contents:

1 Introduction

1.1 Definition

1.2 Scope Of Study

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure:

2 Research Propulsionology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porter's Five Forces Model

Continued...

List of Figures:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 GLOBAL Electronic Stability Control System Market SHARE, BY Components, 2016 (%)

Continued...

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