The sales of automotive active roll control system are expected to record a steady CAGR of 4%, reaching a valuation of USD 4.5 Billion during the forecast period of 2022 to 2032. Primary factor responsible for growth in automotive active roll control system market is increasing demand for comfortable and safe vehicles.
| Report Attribute | Details |
|---|---|
| Automotive Active Roll Control System Projected Market Size (2032) | USD 4.5 Billion |
| Automotive Active Roll Control System Market Projected Growth Rate (2022 to 2032) | 4% CAGR |
Automotive active roll control system reacts when a vehicle faces cornering pressure. It improves passenger comfort and vehicle dynamics by decreasing the roll angles or the magnitude of the sprung mass of the vehicle.
Additionally, the safety rating of a vehicle is improved by the automotive active roll control system. The automotive active roll control system decreases the likelihood of an accident due to instability or a rollover. Generally, SUVs have an in-built automotive active roll control system that ensures adequate comfort and stability.
On the back of these factors, the automotive active roll control system market is poised to expand at a positive rate over the forecast period.
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Growth in the market is underpinned by rising need for enhancement for the safety in vehicle to curb the number of accidents due to rollovers or instability. Growing demand for a safe and comfortable vehicle is anticipated to drive the market of automotive active roll control system.
Furthermore, stringent regulations regarding vehicle safety is expected to push the growth of the automotive active roll control system market. Technological advancements and their application in the automotive active roll system is expected to create growth opportunities through 2022.
Primary factor hampering the growth in the market is the manufacturing cost of the automotive active roll system. The automotive active roll system is further limited to premium and mid-end vehicles.
Additionally, the retrofit of automotive active roll system in existing vehicles is complicated. All these factors may impede the estimated growth of the global automotive active roll system market.
North America is anticipated to register significant growth in the automotive active roll system market. Owing to the involvement of several stringent policies and regulations regarding vehicle and road safety introduced by the government.
According to FMI, automotive active roll system market in North America is expected to register an increase on the back of adoption of automotive active roll control system in passenger and commercial vehicles.
Europe is also predicted to grow at a steady rate in the global automotive active roll system market during the forecast period. Growing awareness regarding road and vehicle safety in Europe is set to improve the growth in the market.
European Union has launched the European New Car Assessment (EuroNCAP) to familiarize car buyers with potential safety benefits. This is expected to increase demand for automotive active roll control system and thereby drive the growth during the forecast period.
The global automotive active roll control system market is fairly competitive. Major players present in automotive active roll control system market are Schaeffler AG, WABCO, Robert Bosch GmbH, BWI Group, Continental AG, Ford Motor Company, Volvo Car Corporation, BMW, Volkswagen, Mercedes-Benz, Porsche AG, Hitachi Automotive Systems, Ltd.
These players are investing more in research and development activities to manufacture technologically advanced products and expand their current product portfolios to expand consumer reach and market penetration.
| Report Attribute | Details |
|---|---|
| Growth Rate | 4% CAGR |
| Projected Market Size (2032) | USD 4.5 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Actuator Type, Vehicle Type, Distribution Channel, Region |
| Countries Covered | North America (USA., Canada), Latin America (Mexico, Brazil), Western Europe (Germany, Italy, France, UK, Spain), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC Countries, S. Africa, Northern Africa) |
| Key Companies Profiled | Schaeffler AG; WABCO; Robert Bosch GmbH; BWI Group; Continental AG; Ford Motor Company; Volvo Car Corporation; BMW; Volkswagen; Mercedes-Benz; Porsche AG; Hitachi Automotive Systems, Ltd. |
The global automotive active roll control system market is expected to register a CAGR of 4% for the forecast period 2022 to 2032.
Growing need for safety in the vehicle, stringent road and vehicle safety regulations and technological advancements in automotive active roll control system are positively influencing the global market.
High manufacturing cost of the automotive active roll control systems is negatively influencing the global market.
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Automotive Active Roll Control System Market
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