Global Traction Control System Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

Published Date : Aug 2019 | No. of Pages : 140 Pages | Category : Automation and Transport

The global traction control system market size was generated $27.63 billion in 2018, and is expected to reach $44.26 billion by 2026, growing at a CAGR of 6.9% from 2019 to 2026. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition.

Factors such as growing demand for safety features and technological advancement in automobiles drive the market growth. However, high maintenance cost of traction control systems restrains the growth of the market. Conversely, development of advanced braking systems creates new opportunities for growth of the market.

Electrical linkage segment to be dominant through 2026

Among types, the mechanical linkage segment accounted for the largest market share of more than two-thirds of the total share in 2017. However, the electrical linkage would grab the largest share through 2026 and grow at the fastest CAGR of 17.4% during the forecast period. To meet the upcoming emission regulations/norms, the automobile manufacturers are reducing the overall weight of the vehicles by replacing the mechanical linkages of systems by electrical components. Therefore, the electronic linkage accounts to have the major share during the forecast period.

ICE vehicles segment to be through 2026

Based on vehicle type, the ICE (passenger cars & commercial vehicles) vehicles segment was the largest in 2017, capturing around 97% of the market share and would maintain its dominance through 2026. With increase in purchasing power of consumers, infrastructure development, and ease of finance, there has been a higher demand for passengers and LCV in developed and developing countries. However, the electric vehicles [battery electric vehicles (BEV) and plug-in hybrid electric vehicle (PHEV)] segment would grow at the fastest CAGR of 20.1% from 2018 to 2026. This is due to the high-end functions and extended range offered by the vehicles.

Asia-Pacific to be dominant through 2026

Asia-Pacific was the largest market in 2017, grabbing nearly two-fifths of the market share and is likely to dominate the market through 2026. The government support for automotive industry, upcoming emission regulations, rapid industrialization, increase in demand for electric vehicles, and focus on developing newer products in the region. However, the market in LAMEA would achieve the fastest growth of 13.1% during the forecast period.

Key players of the industry

Leading market players analyzed in the research include Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv, Inc. (Sweden), Nissin Kogyo Co. Ltd. (Japan), WABCO (Belgium), ZF TRW (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (U.S.), and ADVICS Co., Ltd (Japan). These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.


By Type

  • Mechanical Linkage
  • Electric Linkage

By Installation

  • Home
  • Commercial

By Component

  • Hydraulic Modulators
  • ECU
  • Sensors
    • Wheel Speed Sensor
    • Steering Angle Sensor
    • Acceleration Sensor
    • Yaw Rate Sensor
    • Throttle position Sensor
    • Brake pedal position sensor
    • Torque Angle Sensor

By Vehicle Type

  • ICE Vehicles
    • Passenger Cars
    • Commercial Vehicles
  • Electric Vehicles
    • BEV
    • HEV
    • PHEV

The report analyzes and forecasts the traction control system market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global traction control system market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the traction control system market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of traction control system market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Report coverage

  • Analysis Period: 2015 – 2026
  • Base Year: 2018
  • Forecast Data: 2019 – 2026
  • Regional Scope: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Report Coverage: Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global traction control system capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key traction control system manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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