Global Electronic Stability Control ESC Market Research Reports 2019-2024
Electronic Stability Control ESC is highly effective in helping the driver maintain control of the car, thereby avoiding or reducing the severity of crashes. Electronic Stability Control ESC is a technology that improves the vehicle/ s stability by detecting and reducing loss of traction.
Scope of the Report:
In the coming years, the increasing demand for luxury cars in the regions such as Europe and Asia-Pacific, mainly in China, India and Japan, is expected to drive the market. Sustainable growth in the electronic stability control system market will largely depend upon upcoming legislations in various countries. ESC systems are mandatory in developed countries, while legislations in developing countries are rapidly catching up creating high growth opportunities.
Globally, the Electronic Stability Control industry market is concentrated as the manufacturing technology of Electronic Stability Control is relatively matures than some high-tech equipment. And some enterprises, like Bosch, Continental, TRW Automotive, etc. are well-known for the wonderful performance of their Electronic Stability Control and related services. At the same time, Europe, occupied 32.67% production market share in 2015, is remarkable in the global Electronic Stability Control industry because of their market share and technology status of Electronic Stability Control.
In Europe and North America, ESC systems are well-established and have a high penetration rate. The use of these systems is also growing significantly in the Asia-Pacific and ROW regions, due to the increase in the consumer purchasing power and their preference for better safety measures and the introduction of legislation and policy framework mandating the installation of safety equipment in cars. Developing countries such as India, Russia, Brazil, and Mexico are expected to show a high growth rate in the demand for ESC systems.The consumption volume of Electronic Stability Control is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Electronic Stability Control industry may not keep that fast. But it is surely forecasted that the market of Electronic Stability Control is still promising.
The worldwide market for Electronic Stability Control ESC is expected to grow at a CAGR of roughly 3.4% over the next five years, will reach 13100 million US$ in 2024, from 10700 million US$ in 2019, according to a new Planet Market Reports study.
This report focuses on the Electronic Stability Control ESC in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
MARKET SEGMENT BY MANUFACTURERS, THIS REPORT COVERS
MARKET SEGMENT BY REGIONS, REGIONAL ANALYSIS COVERS
North America United States, Canada and Mexico
Europe Germany, France, UK, Russia and Italy
Asia-Pacific China, Japan, Korea, India and Southeast Asia
South America Brazil, Argentina, Colombia etc.
Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa
MARKET SEGMENT BY TYPE, COVERS
Vehicle Stability Control
Motorcycle Stability Control
MARKET SEGMENT BY APPLICATIONS, CAN BE DIVIDED INTO
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electronic Stability Control ESC product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Electronic Stability Control ESC , with price, sales, revenue and global market share of Electronic Stability Control ESC in 2017 and 2018.
Chapter 3, the Electronic Stability Control ESC competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electronic Stability Control ESC breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Electronic Stability Control ESC market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Electronic Stability Control ESC sales channel, distributors, customers, research findings and conclusion, appendix and data source.
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Name: Jennifer Daniel
Organization: Planet Market Reports