Global Automotive Electronic Stability Control System Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Automotive Electronic Stability Control System market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Continental Ag
- Delphi Automotive
- Fujitsu Ten
- Johnson Electric
- Toyoda Gosei
- Trw Automotive
Get Sample PDF of Automotive Electronic Stability Control System Market Report @ https://www.360researchreports.com/enquiry/request-sample/13100257
Description of Automotive Electronic Stability Control System Market: 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).
Automotive Electronic Stability Control System Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Automotive Electronic Stability Control System Market players in detail. Automotive Electronic Stability Control System Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
Reasons to Purchase this Report:
Purchase Report @ https://www.360researchreports.com/purchase/13100257
The Global demand for Automotive Electronic Stability Control System Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Automotive Electronic Stability Control System Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Automotive Electronic Stability Control System Market Forecast (2018-2023):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Automotive Electronic Stability Control System Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
The Automotive Electronic Stability Control System Market report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.