"Market Intelligence for High-Geared Performance"

Traction Control System Market Size, Share & Industry Analysis, By Type (Mechanical Linkage, Electric Linkage), By Vehicle Type (Passenger Cars, LCV, HCV) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102069 | Status : Ongoing

 

KEY MARKET INSIGHTS

The traction control system is a vehicle safety feature that avoids loss of traction of wheels on roads. Traction control system gets active when throttle input and engine torque does not match with the surface the consumer is driving. The traction control system is commonly used in modern vehicles and acts as one of the vital safety features. This system works efficiently even in extreme weather conditions like snow, rain, ice, and on the surface that provides a lesser amount of grip. In past years consumers had to apply light pressure on the accelerator pedal with no traction control system and avoid the spinning of wheels on slippery roads.  


Key Market Driver -

Growing demand for safety features is expected to drive the market.

Key Market Restraint -

High maintenance cost is expected to hamper the growth of the market.


The traction control system consists of various sensors like battery level sensors, vehicle speed sensors, stop light sensor and throttle position sensors. The operation of the traction control system is similar to ABS; it has a wheel speed sensor that monitors the rotation of front wheels or all four wheels. The electronic control unit (ECU) monitors the rotation of all the wheels and indicates which wheel is losing traction. In such a case, ECU commands to apply the required amount of brake to the wheel that is losing traction. High maintenance costs and chances of ECU dysfunctioning are expected to hinder the growth of the traction control system. In past years four-wheel drive was used to control the speed of each wheel; this consisted of many mechanical linkages that increased the weight of the vehicle, caused a lot of emissions, and was fuel consuming. Therefore, the traction control system is equipped in vehicles to meet emission and safety standards set by the government globally.

Key Players Covered in the Traction Control System Market:


Some of the major companies that are present in the automotive traction control system market include Robert Bosch Gmbh, IAV automotive engineers, Continental AG, Mahle Group, ZYNP International, Cummins Inc. Slinger manufacturing, Federal-Mogul corporation, BMW Motorrad, and Ducati motor, among the other players.

The global traction control system market has been segmented into type, vehicle type, and region. By vehicle type, the global traction control system market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is expected to dominate the traction control system market owing to the rising production of passenger cars in countries like India, China, U.S, and others. LCV segment is also expected to hold the second-largest position in the market during the forecast period amid increasing demand for the traction control system by the transport and logistics sector. By type, the traction control system is segmented into the mechanical and electric linkage. The electric linkage segment is expected to dominate the market over the forecast period. Electronic coupling reduces the weight of the vehicle by replacing the mechanical linkage by electrical linkages/components. This helps to achieve better fuel efficiency and less emission to meet emission norms set by the government.

Regional Analysis:


To gain extensive insights into the market, Request for Customization


By geography, the global traction control system market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to dominate the traction control system market owing to increasing vehicle production and sales in the region. Manufactures in this region are focusing more on developing technologically advanced traction control systems to attract more consumers and to have an edge compared to their competitors. India, South Korea, Japan, and China are the leading automotive manufacturing countries, which are propelling the development of the market in the region. North America is expected to hold the second-largest share in the market. Increasing investment in research support and development of vehicle safety features is likely to contribute to regional growth. Rising adoption of safety systems in developed countries like the US, Canada, and Mexico is expected to drive the market in this region. Europe is also expected to steady growth over the forecast period.

Segmentation






















 ATTRIBUTE

 DETAILS

By  Type



  • Mechanical Linkage

  • Electric Linkage



By Vehicle Type



  • Passenger Cars

  • LCV

  • HCV



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

Asahi
GM
Toshiba
Deloitee
KIA

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X