The Europe Electronic Stability Control Market should witness market growth of 7.2% CAGR during the forecast period (2022-2028).
ESC systems frequently help to increase traction in off-road settings in addition to their on-road responsibilities because of their capacity to improve vehicle stability and braking. Because of the numerous internal and external conditions that might be present at any one moment, as well as the manufacturer's programming and testing, the efficiency of traction control systems may differ significantly. Based on the terrain encountered, off-road traction fundamentally differs from conventional operational features of on-road traction.
The path of least resistance is chosen for power transfer in an open differential configuration. This implies that in slick circumstances, whenever one wheel loses traction, power will be counterproductively directed to that axle rather than the one with more traction. ESCs concentrate on stopping wheels whose rotational speed differs significantly from the opposite axles. Off-road use necessitates consistent (or even increased) power delivery to maintain vehicle momentum. In contrast, the vehicle's braking system applies intermittent force over a prolonged time to the slipping wheel until excessive wheel spin is no longer detected. On-road applications frequently supplement rapidly intermittent wheel braking with a reduction in power in loss-of-traction situations.
The UK wants to be the G7 country with the fastest transition to vehicles, according to the Transitioning to zero-emission cars and vans: 2035 delivery plan. Sales of gasoline and diesel vehicles will gradually end by 2030, and by 2035, all new cars and vans must have zero emissions at the exhaust. This proposal will increase demand for zero-emission vehicles with a £2.8 billion package to support the phase-out dates. The growing sales for EVs and other vehicles will increase the usage of ESC systems, thereby surging the market growth in the region.
The Germany market dominated the Europe Electronic Stability Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $914.8 Million by 2028. The UK market is anticipated to grow at a CAGR of 6.4% during (2022-2028). Additionally, The France market would exhibit a CAGR of 8% during (2022-2028).
Based on Component, the market is segmented into Hydraulic Unit, Sensors and Electronic Control Unit. Based on Vehicle Propulsion, the market is segmented into ICE and Electric & Hybrid. Based on Vehicle Type, the market is segmented into Passenger cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Johnson Electric Holdings Limited, Aisin Corporation (Toyota Motor Corporation), Valeo SA, Murata Manufacturing Co., Ltd., Hitachi, Ltd., Knorr-Bremse AG, ZF Friedrichshafen AG (TRW), and Mando Corporation (Halla Group).
ESC systems frequently help to increase traction in off-road settings in addition to their on-road responsibilities because of their capacity to improve vehicle stability and braking. Because of the numerous internal and external conditions that might be present at any one moment, as well as the manufacturer's programming and testing, the efficiency of traction control systems may differ significantly. Based on the terrain encountered, off-road traction fundamentally differs from conventional operational features of on-road traction.
The path of least resistance is chosen for power transfer in an open differential configuration. This implies that in slick circumstances, whenever one wheel loses traction, power will be counterproductively directed to that axle rather than the one with more traction. ESCs concentrate on stopping wheels whose rotational speed differs significantly from the opposite axles. Off-road use necessitates consistent (or even increased) power delivery to maintain vehicle momentum. In contrast, the vehicle's braking system applies intermittent force over a prolonged time to the slipping wheel until excessive wheel spin is no longer detected. On-road applications frequently supplement rapidly intermittent wheel braking with a reduction in power in loss-of-traction situations.
The UK wants to be the G7 country with the fastest transition to vehicles, according to the Transitioning to zero-emission cars and vans: 2035 delivery plan. Sales of gasoline and diesel vehicles will gradually end by 2030, and by 2035, all new cars and vans must have zero emissions at the exhaust. This proposal will increase demand for zero-emission vehicles with a £2.8 billion package to support the phase-out dates. The growing sales for EVs and other vehicles will increase the usage of ESC systems, thereby surging the market growth in the region.
The Germany market dominated the Europe Electronic Stability Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $914.8 Million by 2028. The UK market is anticipated to grow at a CAGR of 6.4% during (2022-2028). Additionally, The France market would exhibit a CAGR of 8% during (2022-2028).
Based on Component, the market is segmented into Hydraulic Unit, Sensors and Electronic Control Unit. Based on Vehicle Propulsion, the market is segmented into ICE and Electric & Hybrid. Based on Vehicle Type, the market is segmented into Passenger cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Johnson Electric Holdings Limited, Aisin Corporation (Toyota Motor Corporation), Valeo SA, Murata Manufacturing Co., Ltd., Hitachi, Ltd., Knorr-Bremse AG, ZF Friedrichshafen AG (TRW), and Mando Corporation (Halla Group).
Scope of the Study
By Component
- Hydraulic Unit
- Sensors
- Electronic Control Unit
By Vehicle Propulsion
- ICE
- Electric & Hybrid
By Vehicle Type
- Passenger cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Continental AG
- Johnson Electric Holdings Limited
- Aisin Corporation (Toyota Motor Corporation)
- Valeo SA
- Murata Manufacturing Co., Ltd.
- Hitachi, Ltd.
- Knorr-Bremse AG
- ZF Friedrichshafen AG (TRW)
- Mando Corporation (Halla Group)
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Electronic Stability Control Market, by Component
1.4.2 Europe Electronic Stability Control Market, by Vehicle Propulsion
1.4.3 Europe Electronic Stability Control Market, by Vehicle Type
1.4.4 Europe Electronic Stability Control Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Electronic Stability Control Market
Chapter 4. Europe Electronic Stability Control Market by Component
4.1 Europe Hydraulic Unit Market by Country
4.2 Europe Sensors Market by Country
4.3 Europe Electronic Control Unit Market by Country
Chapter 5. Europe Electronic Stability Control Market by Vehicle Propulsion
5.1 Europe ICE Market by Country
5.2 Europe Electric & Hybrid Market by Country
Chapter 6. Europe Electronic Stability Control Market by Vehicle Type
6.1 Europe Passenger cars Market by Country
6.2 Europe Light Commercial Vehicles Market by Country
6.3 Europe Heavy Commercial Vehicles Market by Country
Chapter 7. Europe Electronic Stability Control Market by Country
7.1 Germany Electronic Stability Control Market
7.1.1 Germany Electronic Stability Control Market by Component
7.1.2 Germany Electronic Stability Control Market by Vehicle Propulsion
7.1.3 Germany Electronic Stability Control Market by Vehicle Type
7.2 UK Electronic Stability Control Market
7.2.1 UK Electronic Stability Control Market by Component
7.2.2 UK Electronic Stability Control Market by Vehicle Propulsion
7.2.3 UK Electronic Stability Control Market by Vehicle Type
7.3 France Electronic Stability Control Market
7.3.1 France Electronic Stability Control Market by Component
7.3.2 France Electronic Stability Control Market by Vehicle Propulsion
7.3.3 France Electronic Stability Control Market by Vehicle Type
7.4 Russia Electronic Stability Control Market
7.4.1 Russia Electronic Stability Control Market by Component
7.4.2 Russia Electronic Stability Control Market by Vehicle Propulsion
7.4.3 Russia Electronic Stability Control Market by Vehicle Type
7.5 Spain Electronic Stability Control Market
7.5.1 Spain Electronic Stability Control Market by Component
7.5.2 Spain Electronic Stability Control Market by Vehicle Propulsion
7.5.3 Spain Electronic Stability Control Market by Vehicle Type
7.6 Italy Electronic Stability Control Market
7.6.1 Italy Electronic Stability Control Market by Component
7.6.2 Italy Electronic Stability Control Market by Vehicle Propulsion
7.6.3 Italy Electronic Stability Control Market by Vehicle Type
7.7 Rest of Europe Electronic Stability Control Market
7.7.1 Rest of Europe Electronic Stability Control Market by Component
7.7.2 Rest of Europe Electronic Stability Control Market by Vehicle Propulsion
7.7.3 Rest of Europe Electronic Stability Control Market by Vehicle Type
Chapter 8. Company Profiles
8.1 Robert Bosch GmbH
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Continental AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Johnson Electric Holdings Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.4 Aisin Corporation (Toyota Motor Corporation)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expenses
8.5 Valeo SA
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.6 Murata Manufacturing Co., Ltd.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Geographical Expansions:
8.7 Hitachi, Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Knorr-Bremse AG
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 ZF Friedrichshafen AG (TRW)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. Mando Corporation (Halla Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
Companies Mentioned
- Robert Bosch GmbH
- Continental AG
- Johnson Electric Holdings Limited
- Aisin Corporation (Toyota Motor Corporation)
- Valeo SA
- Murata Manufacturing Co., Ltd.
- Hitachi, Ltd.
- Knorr-Bremse AG
- ZF Friedrichshafen AG (TRW)
- Mando Corporation (Halla Group)
Methodology
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