Global ABS/ESC Coil Housing Market Size Likely to Grow at a CAGR of 6.1% By 2033

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.

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.

Report Scope

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.

• Delayed Innovation: R&D efforts and innovation might have been delayed due to resource constraints, affecting the development of advanced coil housing designs.

• Aftermarket Impact: The aftermarket for coil housings could have been affected as vehicle owners delayed maintenance and upgrades due to financial uncertainty.

• Adaptation to New Norms: Demand for ABS/ESC systems in commercial vehicles supporting essential services increased, driving adaptations in coil housing designs for specific use cases.

• Remote Work Challenges: Remote work arrangements could have impacted collaboration and decision-making, potentially affecting product development timelines.

• Recovery and Resilience: As economies recover, the focus on road safety might intensify, leading to increased demand for ABS/ESC systems and related coil housings.

• Transition to Electric: The pandemic accelerated interest in electric vehicles, which might drive innovation in coil housing designs to suit electric architectures.

• Tech Integration: The push for contactless and tech-integrated solutions might influence coil housing designs to accommodate new functionalities and connectivity.

In conclusion, the COVID-19 pandemic has had a mixed impact on the ABS/ESC coil housing Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the ABS/ESC Coil Housing Market:

• Bosch
• Continental AG
• ZF Friedrichshafen
• Aisin Seiki Co. Ltd.
• Denso Corporation
• Delphi Technologies
• Autoliv
• WABCO Holdings Inc.
• Hitachi Automotive Systems
• Mando Corporation
• Others

The ABS/ESC Coil Housing Market is segmented as follows:

By Technology

• Hydraulic
• Electric

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America