The Global 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.             

Traction Control System Market Driver:

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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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Traction Control System Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• 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
• By Type
  • Mechanical Linkage- Market Size & Forecast 2020-2030, USD Million
  • Electrical Linkage- Market Size & Forecast 2020-2030, USD Million
• 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
• By Region
  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - 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

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