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Global Traction Control System Market: By Type: Electrical Linkage, Mechanical Linkage; By Component: Hydraulic Modulators, Sensors, Electronic Control Unit; By Distribution Channel; By Vehicle Type; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Traction Control System Market Outlook

The global traction control system market reached a value of about USD 32 billion in 2020. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2021-2026 to reach a value of approximately USD 47 billion by 2026.

 

Global Traction Control System Market

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Increasing Demand for Electric Vehicle to Aid the Growth of the Traction Control System Industry

Based on vehicle type, the electric vehicle segment is expected to witness a steady growth rate over the forecast period. This can be attributed to the increasing demand for environmentally friendly vehicles to reduce carbon emissions in the environment. Further, developed regions like Europe are making significant investments to encourage people to shift to electric vehicles, which will aid the industry growth.

 

The Asia Pacific to Witness a Robust Growth During the Forecast Period

The global traction control system industry is expected to be dominated by the Asia Pacific region. The demand is growing in the region due to the increasing vehicle safety standards, coupled with the favourable government initiatives to prevent road accidents across the region. It has been estimated that road accidents are one of the major causes of death across the globe. The market is further supported by the increasing demand for luxurious cars and the escalating consumer disposable incomes in the region. Other significant regions for the market include North America and Europe.

 

Traction Control System: Industry Definition and Segmentation

Traction control system refers to an advanced active braking system that is designed to provide assistance to drivers in controlling their vehicles. In automobiles, this system gets activated when it senses that wheels may slip, thus, preventing accidents by allowing drivers to make the most of the traction available on the road surface.

 

Global Traction Control System Market By Type

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Based on type, the market is divided into:

  • Electrical Linkage
  • Mechanical Linkage
  • Others

By component, the industry can be segmented into:

On the basis of distribution channel, the industry is bifurcated into:

  • OEM
  • Aftermarket

Based on vehicle type, the market can be categorised into:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Electric Vehicles
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Traction Control System Market By Region

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Rising Awareness Regarding Road Safety and the Increasing Demand for Advanced Vehicle Safety Features to Bolster the Growth of the Traction Control System Industry

The growing focus on road safety and the rising demand for advanced safety systems, such as traction control system, are aiding the industry growth. The market is further supported by the rapid advancements in technology and increasing demand premium and luxurious cars. Other factors propelling the industry growth include the growth of the automotive industry, increasing disposable incomes, and stringent government regulations regarding vehicle safety.

Over the forecast period, automation in vehicles, like driverless cars, is expected to result in enhanced demand for automotive safety systems. As a consequence, there is expected to be a steady demand for automotive traction control system, thus, aiding the overall market growth.

Key Industry Players in the Global Traction Control System Market

The report gives a detailed analysis of the following key players in the global traction control system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Robert Bosch GmbH   
  • MAHLE GmbH
  • DENSO Corporation
  • Continental AG
  • Hyundai Motor Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Component, Distribution Channel, Vehicle Type, Region
Breakup by Type Electrical Linkage, Mechanical Linkage, Others
Breakup by Component Hydraulic Modulators, Sensors, Electronic Control Unit, Others
Breakup by Distribution Channel OEM, Aftermarket
Breakup by Vehicle Type Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicles, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Robert Bosch GmbH, MAHLE GmbH, DENSO Corporation, Continental AG, Hyundai Motor Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Traction Control System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Traction Control System Historical Market (2016-2020) 
    8.3    Global Traction Control System Market Forecast (2021-2026)
    8.4    Global Traction Control System Market by Type
        8.4.1    Electrical Linkage
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Mechanical Linkage
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026
        8.4.3    Others
    8.5    Global Traction Control System Market by Component
        8.5.1    Hydraulic Modulators
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Sensors
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Electronic Control Unit
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Traction Control System Market by Distribution Channel
        8.6.1    OEM
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Aftermarket
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Traction Control System Market by Vehicle Type
        8.7.1    Passenger Car
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Light Commercial Vehicle
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Heavy Commercial Vehicle
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Electric Vehicles
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Others
    8.8    Global Traction Control System Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Robert Bosch GmbH   
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    MAHLE GmbH
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    DENSO Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Continental AG
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Hyundai Motor Group
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Traction Control System Market: Key Industry Highlights, 2016 and 2026
2.    Global Traction Control System Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Traction Control System Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Traction Control System Historical Market: Breakup by Component (USD Billion), 2016-2020
5.    Global Traction Control System Market Forecast: Breakup by Component (USD Billion), 2021-2026
6.    Global Traction Control System Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7.    Global Traction Control System Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8.    Global Traction Control System Historical Market: Breakup by Vehicle Type (USD Billion), 2016-2020
9.    Global Traction Control System Market Forecast: Breakup by Vehicle Type (USD Billion), 2021-2026
10.    Global Traction Control System Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Traction Control System Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Traction Control System Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Traction Control System Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Traction Control System Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Traction Control System Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Traction Control System Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Traction Control System Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Traction Control System Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Traction Control System Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Traction Control System Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Traction Control System Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Traction Control System Market Structure

Key Questions Answered in the Report

In 2020, the global traction control system market attained a value of nearly USD 32 billion.

The market is projected to grow at a CAGR of 6.2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 47 billion by 2025.

The major drivers of the industry, such as the rising disposable incomes, growing automotive industry, increasing awareness regarding road safety, increasing demand for improved vehicle safety systems, and stringent government regulations, are expected to aid the market growth.

The increasing demand for automotive traction control system is expected to be a key market trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of traction control system in the market are electrical linkage and mechanical linkage, among others.

The major components of traction control system in the industry are hydraulic modulators, sensors, and electronic control unit, among others.

The significant distribution channels in the market are OEM and aftermarket.

The leading vehicle types in the industry are passenger car, light commercial vehicle, heavy commercial vehicle, and electric vehicles, among others.

The major players in the industry are Robert Bosch GmbH, MAHLE GmbH, DENSO Corporation, Continental AG, and Hyundai Motor Group, among others.

Analyst Review

The global traction control system market attained a value of USD 32 billion in 2020, driven by the rising automotive industry. Aided by stringent government regulations, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6.2%. The market is projected to reach USD 47 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into electrical linkage and mechanical linkage, among others. Based on component, the industry is divided into hydraulic modulators, sensors, and electronic control unit, among others. On the basis of distribution channel, the market is segmented into OEM and aftermarket. By vehicle type, the market is categorised into passenger car, light commercial vehicle, heavy commercial vehicle, and electric vehicles, among others. The major regional markets for traction control system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Robert Bosch GmbH, MAHLE GmbH, DENSO Corporation, Continental AG, and Hyundai Motor Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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