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Traction Control System Market by Type, Component, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

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    Report

  • 200 Pages
  • April 2019
  • Region: Global
  • Allied Market Research
  • ID: 4828511
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.

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.

KEY MARKET SEGMENTS

By Type
  • Mechanical Linkage
  • Electric Linkage

By Installation
  • Home
  • Commercial

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

By Vehicle Type
  • ICE Vehicles
o Passenger Cars
o Commercial Vehicles
  • Electric Vehicles
o BEV
o HEV
o PHEV

BY REGION
  • North America
o U.S.
o Canada
o Mexico
  • Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
  • Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
  • LAMEA
o Latin America
o Middle East
o Africa

Table of Contents

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
Chapter: 4: TRACTION CONTROL SYSTEM MARKET, BY TYPE
4.1. Overview
4.2. Mechanical Linkage
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Electrical Linkage
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
Chapter: 5: TRACTION CONTROL SYSTEM MARKET, BY COMPONENT
5.1. Overview
5.2. Hydraulic Modulators
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. ECU
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Sensor
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country
5.4.3.1. Wheel Speed Sensor
5.4.3.2. Steering Angle Sensor
5.4.3.3. Acceleration Sensor
5.4.3.4. Yaw Rate Sensor
5.4.3.5. Throttle position Sensor
5.4.3.6. Brake pedal position sensor
5.4.3.7. Torque Angle Sensor
Chapter: 6: TRACTION CONTROL SYSTEM MARKET, BY VEHICLE TYPE
6.1. Overview
6.2. ICE Vehicles
6.2.1. Passenger Cars
6.2.1.1. Key market trends, growth factors, and opportunities
6.2.1.2. Market size and forecast, by region
6.2.1.3. Market analysis, by country
6.2.2. Commercial Vehicles
6.2.2.1. Key market trends, growth factors, and opportunities
6.2.2.2. Market size and forecast, by region
6.2.2.3. Market analysis, by country
6.3. Electric Vehicles
6.3.1. BEVs
6.3.1.1. Key market trends, growth factors, and opportunities
6.3.1.2. Market size and forecast, by region
6.3.1.3. Market analysis, by country
6.3.2. HEVs
6.3.2.1. Key market trends, growth factors, and opportunities
6.3.2.2. Market size and forecast, by region
6.3.2.3. Market analysis, by country
6.3.3. PHEVs
6.3.3.1. Key market trends, growth factors, and opportunities
6.3.3.2. Market size and forecast, by region
6.3.3.3. Market analysis, by country
Chapter: 7: TRACTION CONTROL SYSTEM MARKET, BY REGION
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by Type
7.2.3. Market size and forecast, by Component
7.2.4. Market size and forecast, by vehicle type
7.2.5. Market analysis, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by type
7.2.5.1.2. Market size and forecast, by component
7.2.5.1.3. Market size and forecast, by vehicle type
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by type
7.2.5.2.2. Market size and forecast, by component
7.2.5.2.3. Market size and forecast, by vehicle type
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by type
7.2.5.3.2. Market size and forecast, by component
7.2.5.3.3. Market size and forecast, by vehicle type
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by type
7.3.3. Market size and forecast, by component
7.3.4. Market size and forecast, by vehicle type
7.3.5. Market analysis, by country
7.3.5.1. UK
7.3.5.1.1. Market size and forecast, by type
7.3.5.1.2. Market size and forecast, by component
7.3.5.1.3. Market size and forecast, by vehicle type
7.3.5.2. Germany
7.3.5.2.1. Market size and forecast, by type
7.3.5.2.2. Market size and forecast, by component
7.3.5.2.3. Market size and forecast, by vehicle type
7.3.5.3. France
7.3.5.3.1. Market size and forecast, by type
7.3.5.3.2. Market size and forecast, by component
7.3.5.3.3. Market size and forecast, by vehicle type
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by type
7.3.5.4.2. Market size and forecast, by component
7.3.5.4.3. Market size and forecast, by vehicle type
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by type
7.3.5.5.2. Market size and forecast, by component
7.3.5.5.3. Market size and forecast, by vehicle type
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by type
7.4.3. Market size and forecast, by component
7.4.4. Market size and forecast, by vehicle type
7.4.5. Market analysis, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by type
7.4.5.1.2. Market size and forecast, by component
7.4.5.1.3. Market size and forecast, by vehicle type
7.4.5.2. India
7.4.5.2.1. Market size and forecast, by type
7.4.5.2.2. Market size and forecast, by component
7.4.5.2.3. Market size and forecast, by vehicle type
7.4.5.3. Japan
7.4.5.3.1. Market size and forecast, by type
7.4.5.3.2. Market size and forecast, by component
7.4.5.3.3. Market size and forecast, by vehicle type
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by type
7.4.5.4.2. Market size and forecast, by component
7.4.5.4.3. Market size and forecast, by vehicle type
7.4.5.5. Taiwan
7.4.5.5.1. Market size and forecast, by type
7.4.5.5.2. Market size and forecast, by component
7.4.5.5.3. Market size and forecast, by vehicle type
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Market size and forecast, by type
7.4.5.6.2. Market size and forecast, by component
7.4.5.6.3. Market size and forecast, by vehicle type
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by type
7.5.3. Market size and forecast, by component
7.5.4. Market size and forecast, by vehicle type
7.5.5. Market analysis, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by type
7.5.5.1.2. Market size and forecast, by component
7.5.5.1.3. Market size and forecast, by vehicle type
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by type
7.5.5.2.2. Market size and forecast, by component
7.5.5.2.3. Market size and forecast, by vehicle type
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by type
7.5.5.3.2. Market size and forecast, by component
7.5.5.3.3. Market size and forecast, by vehicle type
Chapter: 8: COMPANY PROFILES
8.1. Robert Bosch GmbH
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key Strategic Moves and developments
8.2. CONTINENTAL AG
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Product portfolio
8.2.4. Business performance
8.2.5. Key Strategic Moves and developments
8.3. AUTOLIV INC
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments
8.4. Nissin Kogyo Co., Ltd.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments
8.5. WABCO
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments
8.6. ZF TRW
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Key strategic moves and developments
8.7. HYUNDAI MOBIS CO., LTD
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Product portfolio
8.7.4. Business performance
8.7.5. Key strategic moves and developments
8.8. Denso Corporation
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Key strategic moves and developments
8.9. Hitachi Ltd.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.9.4. Key Strategic Moves and developments
8.10. ADVICS CO., LTD
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Key strategic moves and developments

Executive Summary

According to this report titled 'Traction Control System Market by Type, Component, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025', the traction control system market accounted for $27.59 billion in 2017, and it is expected to reach $44.14 billion by 2025, growing at a CAGR of 6.7% from 2018 to 2025. Europe and North America dominated the global market, in terms of revenue, accounting for about 58.3% share, in 2018.

Traction control system is a method used in vehicles to stop the drive wheels from spinning. The drive wheels are the wheels that are powered by the motor. Traction control serves two main purposeshelp the driver to not lose control and reduce unnecessary tire wear. The system is designed to control the wheel slip rate by adjusting the motor torque directly and through reasonable correction to the target wheel speed.

Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv, Inc. (Sweden), and Nissin Kogyo Co. Ltd. (Japan), are the major product & service providers across the globe. In addition, increase in government initiative to maintain secure & safe environment and to reduce road fatalities is expected to boost the growth of Traction Control System market.

Based on component, the traction control system market is categorized into Hydraulic Modulators, ECU, and sensors. The market is expected to reach44.14 billion by 2025, growing at a CAGR of 6.7% during the forecast period due to higher adoption of safety features and application. Based on vehicle type, it is divided into ICE vehicles [passenger cars & commercial vehicles] and electric vehicles battery [electric vehicles (BEV), & plug-in hybrid electric vehicle (PHEV)]. During the forecast period, BEVs are estimated to exhibit rapid growth and HEV are estimated to have the largest traction control system market share.

Growth in the demand for safety features such as ABS, traction control system and ESC, owing to the rise in number of road accidents around the world, drives the growth of the global traction control system market in almost all the geographies. Certain organizations and constitutional governments of countries issue safety protocols to the vehicles for the safety of the people, due to increase in rate of road accidents. The European Parliament has enforced a law which states that from January 2016, it is compulsory for bikes above 125cc to have ABS. The recent draft notification from the Indian Ministry of Road Transport and Highways mandates that two-wheelers with an engine capacity exceeding 125cc, manufactured from April 1, 2017, need to be fitted with anti-lock braking systems. Therefore, increase in global safety protocols is projected to drive the traction control system in the future.

In traction control system market forecast Asia-Pacific is expected to dominate, owing to increase in favorable government initiatives along with high-end technology adoption by automobile manufacturers. However, North America and Europe is anticipated to drive the demand for traction control system industry, due to high adoption of safety features and imposement of regulatory mandates for advance braking and safety features to reduce road fatalities.

Asia Pacific accounted for a significant share in 2017, accounting for more than 40.8% share, and is expected to maintain its dominance throughout the forecast period, owing to existence of well-developed infrastructure and presence of various end-user industries in the region.

The emerging regions of Asia-Pacific, such as India and China, are expected to witness maximum growth in the traction control system market. This is attributed to factors such as higher acceptance of safety features by the consumers, regulatory mandates, and higher number of vehicle sales.

Key Findings of the Traction Control System Market:

The electrical linkage segment generated the highest revenue in 2015 and is projected to grow at a CAGR of 17.4% during the forecast period.
The traction control system market analysis based on sensor type segment is expected to witness fastest growth at a significant CAGR of 8.7% during the forecast period.
China is the major shareholder in the Asia-Pacific market, accounting for more than 57.0% of traction control system market size in 2017.
ICE vehicles are projected to have the largest share by 2025.

The major players profiled in the traction control system market industry 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 players focus on expanding their business operations in the emerging countries by adopting various strategies, such as acquisitions, contracts/agreements, and new product development.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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