Global Automotive ABS and ESC Market Gaining Demand For Passenger Cars Says a 2019 Forecasts Report Available at RnRMarketResearch.com
(PRWEB) August 12, 2014 -- The report covers the automotive Anti Lock Braking System (ABS) and Electronic Stability Control (ESC) System Market in terms of volume and value. The market size, from 2011 to 2019 with regard to volume, is provided in terms of thousand units, whereas the value of the market is provided in terms of USD million. The ABS and ESC systems market is broadly classified by geography (Asia-Pacific, Europe, North America and RoW), focusing on key countries in each region.
The report classifies and defines the automotive ABS and ESC systems market in terms of volume and value, and provides qualitative and quantitative insights on the automotive ABS and ESC systems. It also gives a comprehensive review of market drivers, restraints, opportunities, challenges and key issues in the automotive ABS and ESC systems market. The key players in this market have also been identified and profiled. Complete report is available at http://www.rnrmarketresearch.com/anti-lock-braking-system-abs-and-electronic-stability-control-esc-system-market-for-passenger-cars-by-geography-trends-and-forecasts-2014-2019-market-report.html.
ABS allows the wheels on a vehicle to maintain active contact with the road surface according to the driver inputs while braking. This prevents the wheels from locking up (ceasing rotation), thus preventing the vehicle from skidding uncontrollably. The ESC system improves a vehicular stability by detecting and reducing loss of traction (skidding).
Global automotive anti lock braking system (ABS) and electronic stability control (ESC) system market report profiles leading players of this industry such as Robert Bosch GMBH, Autoliv Inc, TRW Automotive, Delphi Automotive Plc, Densocorporation, Contenental Ag and Hyundai Mobis. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=203317.
Active safety systems in passenger cars are becoming important consideration for consumers and car manufacturers. Systems such as anti-lock braking (ABS) and electronic stability control (ESC) that help avert accidents are mandatory in most of developed countries while, legislation in developing countries are rapidly catching up that will open window of opportunity for this market in the developing economies.
The major factors driving the demand of ABS and ESC systems are stringent safety norms, increased safety awareness, technological advancement, affordability as well as institutions such as the New Car Assessment Program (NCAP) awarding safety ratings to cars based on safety performance. In the coming years, an increased demand for luxury cars in Europe and Asia-Pacific regions mainly China, India, and Japan, is expected to drive the market. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=203317.
The Asia-Pacific region includes developing countries such as China, India, and Thailand. Factors such as adaptation of safety regulations by governments/agencies, and the increase in vehicle sales & safety installations per vehicle are accelerating the demand for ABS and ESC systems. Suppliers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Hitachi Automotive, Ltd. (Japan), LG Innotek (South Korea), are some of the dominant players in this region that are anticipated to drive the demand for the ABS and ESC systems.
In 2009, Europe experienced an economic downturn that affected many industries within the region, and is currently in its recovery phase. As such, the automotive ABS and ESC system market is projected to show a stable growth rate for the period under study. Europe is a major market for automotive ABS and ESC systems and home to a number of automotive safety system suppliers such as Autoliv, Inc., Robert Bosch, and Continental AG.
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