MarkNtel Advisors recently published a detailed industry analysis of the Global Traction Control System Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Traction Control System Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Traction Control System Market size was valued at USD 38.7 Billion in 2023 and is expected to reach USD 58.6 Billion by 2030, exhibiting a growth rate (CAGR) of 5.9% during the forecast period, i.e., 2025-30.
Key Findings in Global Traction Control System Market:
- Historical Analysis: 2020–2023
- Base Year: 2024
- Forecast Period: 2025–2030
Leading Market Players- Goss, Robert Bosch Gmbh, Continental AG, Eaton Cummins Automated Transmission Technologies, Denso Corporation, Autoliv Inc., ZF Friedrichshafen AG, Advics, IAV Automotive Engineers, Delphi Powertrain Systems, Infineon Technologies AG, Knorr Bremse AG, Ford Motorcraft Company, Lenord Bauer & Co. Gmbh,, SKF, NTN Corporation, Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Traction Control System industry?
Increasing Focus Towards Road Safety to Prevent Accidents– Governments and safety organizations globally increased their standards and policies on road safety and awareness. This has been primarily to reduce the number of road accidents across the globe, as these accidents have been frequently taking multiple lives across the world. Countries such as India, Brazil, Australia, etc., have been experiencing a significant rise in the number of road accidents during the historical years. Hence, observing the damage caused by the increasing number of road accidents, governments across the globe have introduced stricter road safety regulations which also include automobile safety. These efforts to establish road safety have been putting pressure on automotive companies to equip vehicles with better safety technologies such as Traction Control Systems (TCS). Hence, this has led companies to launch vehicles with Traction Control Systems, which offer better safety solutions to the consumers. For instance,
- In 2024, JLR introduced the features of its upcoming Range Rover electric car, which would be equipped with a traction control system to enhance its capability to run on all types of terrain.
Thus, with the launch of models with traction control solutions globally, their demand would escalate significantly in the coming years. Also, as consumers are expected to prefer vehicles ensuring road safety, the production of these models would ramp up in the forecast years. Hence, this would help in driving the demand for traction control systems as well in the future.
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What segments define the Global Traction Control System Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
By Component
-
- Hydraulic Modulators- Market Size & Forecast 2020-2030, USD Million
- Electronic Control Unit (ECU)- Market Size & Forecast 2020-2030, USD Million
- Brake Actuators- Market Size & Forecast 2020-2030, USD Million
- Sensors- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
According to report, Among these, sensors have gained significant market share in the Global Traction Control market.
By Type
-
- Mechanical Linkage- Market Size & Forecast 2020-2030, USD Million
- Electrical Linkage- Market Size & Forecast 2020-2030, USD Million
According to report, The Electrical Linkage segment held a major market share & is expected to grow in the forecast period due to the increasing popularity of electric and hybrid vehicles.
By Vehicle Type
-
- Passenger Vehicles- Market Size & Forecast 2020-2030, USD Million
- Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
By Propulsion Type
-
- ICE Vehicle- Market Size & Forecast 2020-2030, USD Million
- Electric Vehicle- Market Size & Forecast 2020-2030, USD Million
By Distribution Channel
-
- OEM- Market Size & Forecast 2020-2030, USD Million
- Aftermarket- Market Size & Forecast 2020-2030, USD Million
Explore the Complete Global Traction Control System Market Analysis Report – https://www.marknteladvisors.com/research-library/traction-control-system-market.html
Geographical Analysis: Global Traction Control System Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Global Traction Control System Industry Recent Development:
- 2024: Eaton Cummins Automated Transmission Technologies has been chosen to provide its ELocker® differential for a new plug-in hybrid SUV. Eaton’s ELocker, designed for the specific fluid used in electric drives, offers superior control and traction with electronically controlled, durable gears, ensuring optimal performance in challenging conditions.
- 2023: Robert Bosch Gmbh announced their plan for integration of the traction control systems in all motorcycles, which would help in reducing road accidents by 30%. Recently, they have launched an MSC traction control unit for the TVS Apache RTR 310 naked bike.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Traction Control System Market?
- How is the Global Traction Control System Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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