Automotive Rollover Protection Systems Market: Introduction
- The automotive rollover protection systems is a system which prevents the vehicle from rolling over and tipping when the vehicle loses control while it is cornering. The system prevents the vehicle from rolling over and tipping by decreasing the sprung mass or roll angle of the vehicle and improves the ride, handling and driving dynamics of the vehicle.
- Vehicle sales and production are growing worldwide due to rising disposable incomes owing to prolonged economic growth, burgeoning middle class; increasing commuting distance between places of work and residences due to rapid urbanization; and psychological factors such as viewing automobile ownership as a status symbol in the emerging markets. Moreover, adoption of stringent automotive safety norms is increasing globally. Safety has become a major factor in the vehicle buying decision process. These factors are estimated to boost the automotive rollover protection systems market during the forecast period.
- Mostly automotive rollover protection systems are used in SUVs which are more prone to rollover and tipping while cornering due to high CG (Centre of Gravity).
- The prevalent trend in the automotive rollover protection systems industry currently is to use electronics-based systems such as traction control and electronic stability control and increasingly vehicle body styles other than SUVs such as sedans and even hatchbacks are also being offered with automotive rollover protection systems due to increased awareness and demand for vehicle safety.
Key Drivers of Automotive Rollover Protection Systems Market
- Increased vehicle population is leading to rise in the number of road accidents. It is estimated that every year more than a million people lose their life or are critically injured in road accidents, worldwide. This has spurred the demand for vehicle safety, thereby boosting the demand for automotive rollover protection systems, worldwide.
- Renewed focus on automotive safety by various governments to reduce road fatalities has led to the adoption of stringent automotive safety norms such as making installation of ABS mandatory in all the passenger vehicles sold in developed markets and also in some emerging markets such as China and India. This has also fueled the automotive rollover protection systems market.
- New technologies being introduced by prominent players and increasing R&D investments on automotive rollover protection systems are also boosting the global automotive rollover protection systems market
Challenges in Automotive Rollover Protection Systems Market
- Automotive rollover protection systems are more expensive to develop and install in vehicles, thus limiting their appeal to automobile manufacturers and buyers
- Several developing countries have not mandated the installation of automobile rollover protection systems in the automobiles sold in their markets. This significantly hampers the global automotive rollover protection systems market.
- The automobile industry is projected to grow at a lower CAGR in the long-term due to various factors such as rising costs of vehicle ownership, increasing fuel prices, advent of shared mobility and public transport, growing congestion, lack of parking spaces in urban areas, introduction of stricter automobile emission norms and declining vehicle ownership amongst millennials. This is expected to hamper the global automotive component industry, including the automotive rollover protection systems industry.
Opportunities in Automotive Rollover Protection Systems Market
- Growing sales of SUVs in major automobile markets like North America and Asia Pacific is massively boosting sales of automotive rollover protection systems market in these regions
- Automotive rollover protection systems are widely used in vehicles such as rally cars, dune buggies, and monster trucks, which play a major role in motorsports. Growing motorsports viewership and popularity worldwide is leading to an increase in the production of these vehicles, thereby propelling the global automotive rollover protection systems market.
Automotive Rollover Protection Systems Market in Europe to Expand Significantly
- Europe is predicted to be the dominant market for automotive rollover protection systems due to the presence of major OEMs, very high awareness about automotive safety amongst automobile buyers, and adoption of stringent automotive safety norms in the region
- North America is estimated to follow Europe in terms of market share, owing to the large sales of SUVs, presence of large automobile manufacturing industry, and heightened levels of awareness about automotive safety among automobile buyers in the region
- The automotive rollover protection systems market in Asia Pacific is estimated to expand at a rapid pace because of growing automobile sales and production as well as rising awareness about automotive safety, adoption of stringent automotive safety norms, and the presence of major automobile OEMs in the region
Key Players Operating in Automotive Rollover Protection Systems Market
The global automotive rollover protection systems market is moderately consolidated with major payers controlling the market. A few of the key players operating in the global automotive rollover protection systems market are:
- Aptiv Inc.
- Continental AG
- Bosch Mobility Solutions
- Denso Corp.
- ZF Friedrichshafen AG
- Veoneer Inc.
- Hyundai Mobis
- Hitachi Astemo ltd.
- Knorr Bremse AG
- BWI Group
- Toyoda Gosei Co. Ltd.
Global Automotive Rollover Protection Systems Market: Research Scope
Global Automotive Rollover Protection Systems Market, by Type
- Active Body Rollover Protection Systems
- Passive Body Rollover Protection Systems
Global Automotive Rollover Protection Systems Market, by Control
- Hydraulic
- Electronic
- Actuator
Global Automotive Rollover Protection Systems Market, by Application
- Anti-Lock Braking Systems
- Electronic Stability Control
- Protection Cage
Global Automotive Rollover Protection Systems Market, by Vehicle Type
- Passenger Vehicles
- Hatchback
- Sedan
- Utility Vehicle
- Light Commercial Vehicle
- Trucks
- Buses and Coaches
Global Automotive Rollover Protection Systems Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Nordic Countries
- Russia and CIS
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- South Africa
- Turkey
- Rest of Middle east and Africa
- South America
- Brazil
- Argentina
- Rest of South America
