As per the current market research conducted by the CMI Team, the global ABS/ESC Coil Housing Market size is expected to record a CAGR of 6.1% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 800.5 Million. By 2032, the valuation is anticipated to reach USD 1200 Million.
ABS/ESC Coil Housing Market: Growth Factors and Dynamics
- Safety Regulations: Stringent regulations mandating ABS and ESC systems in vehicles for improved safety drive the demand for associated components like coil housings.
- Increasing Vehicle Production: As automotive production expands globally, the installation of ABS/ESC systems becomes more widespread, boosting the demand for coil housings.
- Advancements in Technology: Rapid technological advancements in sensors, materials, and manufacturing techniques enhance the performance, accuracy, and durability of ABS/ESC systems, driving the need for updated coil housing designs.
- Electric Vehicle Revolution: The shift towards electric vehicles creates new opportunities, as these vehicles require adapted ABS/ESC systems and corresponding coil housings to cater to unique architectures and safety demands.
- Autonomous Driving: The integration of ABS/ESC systems into autonomous driving functionalities demands even higher precision and responsiveness, encouraging further innovation in coil housing designs.
- Urbanization and Mobility Services: Urbanization leads to increased congestion, driving the need for effective stability and braking systems. Mobility services like ride-sharing also require reliable safety technologies, bolstering the demand for coil housings.
- Consumer Awareness: Growing awareness of safety features among consumers elevates the demand for vehicles equipped with ABS/ESC systems, consequently influencing the market for associated components.
- Aftermarket Demand: Replacement and upgrade demand for coil housings in existing vehicles as they age or for retrofitting further contribute to market growth.
- Global Road Safety Concerns: Rising awareness of road safety issues prompts governments and organizations worldwide to encourage the adoption of advanced safety systems, including ABS/ESC, driving market expansion.
- Supplier Collaboration: Collaborations between automotive manufacturers and suppliers to develop integrated safety solutions bolster the demand for advanced ABS/ESC systems and their components.
- Environmental Concerns: The pursuit of lightweight materials for coil housing designs aligns with the automotive industry’s broader trend toward fuel efficiency and reduced emissions.
Get Free Sample Copy @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=29699
ABS/ESC coil housing Market: Partnership and Acquisitions
- ZF Friedrichshafen’s Acquisition of WABCO: ZF’s acquisition of WABCO, a leading supplier of commercial vehicle technologies, strengthens their position in the commercial vehicle segment, including components like ABS/ESC coil housings.
- Continental and NVIDIA Collaboration: Continental partnered with NVIDIA to develop a self-driving platform, integrating sensors, software, and AI for autonomous vehicles. This collaboration indirectly influences ABS/ESC coil housing designs to accommodate advanced safety and autonomous capabilities.
ABS/ESC Coil Housing Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the ABS/ESC coil housing Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Supply Chain Disruptions: Lockdowns and restrictions disrupted global supply chains, leading to delays in production and potential shortages of components, including coil housings.
- Reduced Vehicle Production: Many automotive manufacturers temporarily halted production, causing a drop in demand for ABS/ESC coil housings due to lower vehicle output.
- Shift in Consumer Spending: Economic uncertainty led to reduced consumer spending on non-essential items, affecting new vehicle sales and consequently the demand for safety systems like ABS/ESC.
List of the prominent players in the ABS/ESC Coil Housing Market:
- Continental AG
- ZF Friedrichshafen
- Aisin Seiki Co. Ltd.
- Denso Corporation
- Delphi Technologies
- WABCO Holdings Inc.
- Hitachi Automotive Systems
- Mando Corporation
Read More @
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
USA Corporate Office
CMI Consulting LLC
1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061
Email : firstname.lastname@example.org
Website : https://www.custommarketinsights.com/