Traction Control System Market Size, Trends and Cost with Global Forecast by 2025
Facto Market Insights has recently added a new study to its broad research portfolio, which is titled as Traction Control System Market Size, Trends and Cost with Global Forecast by 2025 provides an in-depth analysis of the Traction Control System with the forecast of market size and growth. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.
Traction control system is an advanced active braking system used in automobiles, which helps drivers to control their vehicles. Traction control serves two main purposes stop the driver losing control and reduce unnecessary tire wear. The system is designed to maintain traction with the road surface, in line with the braking inputs given by the driver. In case of slippery surface, the vehicles lose its traction resulting to high chances of accidents and road fatalities. The vehicles equipped with traction control system make effective use of all the traction available on the road when accelerating on low-friction road surfaces.
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With the rise in trend for safety features and increase in government mandates towards safety are boosting the traction controls system market growth. Robert Bosch and Continental are some of the leading key players operating in the traction control system market.
The traction control system market segmentation is based on type, component vehicle type, and region. The type segment is further divided as mechanical linkage and electrical linkage. based on component includes hydraulic modulators, ECU, and Sensors. Depending upon the vehicle type the traction control system market is further divided into ICE vehicles [passenger cars & commercial vehicles] and electric vehicles battery [electric vehicles (BEV), & plug-in hybrid electric vehicle (PHEV)]. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the traction control system market players includes, 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).
KEY BENEFITS FOR STAKEHOLDERS
• The report includes an in-depth analysis of different segments and provides market estimations between 2018 and 2025.
• Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies and understand traction control system market growth.
• Key market players are profiled to gain an understanding of the strategies and traction control market opportunity tapped by the key players.
• This report helps to understand the traction control system market trends and future estimations from 2018 to 2025, which helps identify the prevailing market opportunities.
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Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
Chapter: 2: EXECUTIVE SUMMARY
2.1. CXO perspective
Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Low-To-Moderate bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate-To-High intensity of rivalry
3.3.5. Bargaining power of buyers
3.4. Key player positioning, 2017
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Growing demand for safety features
3.6.1.2. Technological advancement
3.6.1.3. Increasing global safety protocols for vehicle safety
3.6.2. Restraint
3.6.2.1. Expensive integration of technology and High maintenance cost
3.6.2.2. High safety standard ratings
3.6.3. Opportunities
3.6.3.1. Expansion in untapped market of developing countries
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