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Allied Market Research

Automotive ESP Market by Type (2-Channel, 3-Channel and 4-Channel), Application (Sedan & Hatchback, SUV & Pickup and Other), and Sales Channel (Direct Channel and Distribution Channel): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10106
Pages: NA
Dec 2020 | 20 Views
 
Author(s) : NA
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COVID-19

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The automotive engineering service (ESP) providers offer an engineering solution to many different elements along with the entire automotive industry value chain. The automotive engineering service incorporates designing, development, testing, and fabricating of various elements, such as mechanical, electrical, electronics, software, and safety. They include all the services that are required at each stage of the product lifecycle, from conceptualization to production. The manufacturing of automotive engineering service deals with the assembling and the creation of the whole parts of automobiles is also included in it. In addition, the automotive engineering field is research-intensive, which involves the direct application of mathematical formulas and models. The study of automotive engineering is to develop, fabricate, design, and test vehicles or vehicle components from the concept stage to the production stage. The production, development, and manufacturing are the three major functions in automotive engineering service. The increase in concerns about security among customers are expected to further boost the market growth during the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application and Sales Channel  

  Geographies covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Continental, Denso. Aisin, Delphi, Hitachi, AVL, Bertrandt, EDAG Engineering, IAV and Robert Bosch

 

COVID-19 scenario analysis:

  • Many companies have claimed that the disruption in the supply of components from various countries due to the outbreak of COVID-19 will impact the company's planned production.
  • The ongoing issue of COVID-19 in several countries has affected the supply of many components to companies manufacturing facilities.
  • Almost every worker in every company has affected due to the pandemic, as there are jobs and salary cuts by the companies.
  • The COVID-19 is one of the first pandemics of its kind that is forcing the automotive industry to re-think its business.
  • The premium segment may revive soon in the market but it will take a long time to get back on track for the entire market after the lockdown.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

The top impacting factors can be increase in concerns about security among customers and rise in demand for safe & secure vehicles are key factors that are projected to drive the growth of the market during the forecast period. However, improved quality of the doors owing to the reinforced frame is a major factor that is estimated to restrain the growth of the market. Furthermore, an increase in sales and production of vehicles fuels the number of road accidents, which in turn boosts the demand for safe structured vehicles that can create new lucrative opportunities in the global automotive ESP market.

The automotive ESP market trends are as follows:

Increase in concerns about security among customers 

The increase in sales and production of vehicles has led to a greater number of accidents in the past few years. Moreover, the rise in number of accidents has created awareness among the costumers for the safety and security features in the vehicle. Hence, the customer is more willing to buy a more safety and security equipped vehicle than other equipment in the vehicle which has provided great strength to the global automotive ESP market.

Rise in demand for digitalization, safe & secure vehicles 

Increase in demand for digitalization, safe, efficient, and convenient driving experience, and stringent safety regulations across the globe has made a significant effect on the market. The luxurious vehicles are having a compulsory binding over the safety of their costumers and this has also driven the growth of the market. In addition, increase in customer awareness about the digitalization features has increased rapidly with the increase in accidents on roads, which is anticipated to drive the growth of the global automotive ESP market.

Key segments covered:               

Segments

Sub-segments

  Type

  • 2-Channel
  • 3-Channel
  • 4-Channel

  Application

  • Sedan & Hatchback
  • SUV & Pickup
  • Other

  Sales Channel

  • Direct Channel
  • Distribution Channel

Key benefits of the report:

  • This study presents the analytical depiction of the automotive ESP market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the automotive ESP market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the automotive ESP market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed automotive ESP market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the automotive ESP market research report:

  • What are the leading market players active in the automotive ESP market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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