Reports
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 (2018-2028); 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 2023-2028 to reach a value of approximately USD 47 billion by 2026.
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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: Market 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.
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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:
- Hydraulic Modulators
- Sensors
- Electronic Control Unit
- Others
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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Traction Control System Market Analysis
8.1 Key Industry Highlights
8.2 Global Traction Control System Historical Market (2018-2022)
8.3 Global Traction Control System Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Mechanical Linkage
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Sensors
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Electronic Control Unit
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Aftermarket
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Light Commercial Vehicle
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Heavy Commercial Vehicle
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Electric Vehicles
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Traction Control System Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Traction Control System Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Traction Control System Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Traction Control System Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Traction Control System Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Traction Control System Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Robert Bosch GmbH
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 MAHLE GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 DENSO Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Continental AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hyundai Motor Group
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Traction Control System Market: Key Industry Highlights, 2018 and 2028
2. Global Traction Control System Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Traction Control System Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Traction Control System Historical Market: Breakup by Component (USD Billion), 2018-2022
5. Global Traction Control System Market Forecast: Breakup by Component (USD Billion), 2023-2028
6. Global Traction Control System Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7. Global Traction Control System Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8. Global Traction Control System Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
9. Global Traction Control System Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
10. Global Traction Control System Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Traction Control System Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Traction Control System Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Traction Control System Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Traction Control System Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Traction Control System Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Traction Control System Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Traction Control System Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Traction Control System Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Traction Control System Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Traction Control System Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Traction Control System Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023-2028 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 2023-2028, 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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