Global Traction Control System Market Trends: Growth, Share, Value, Size, and Analysis By 2030

As per MarkNtel Advisors 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.  

Global Traction Control System Market Systems Market Outlook:

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Global Traction Control System Market Systems Market Segmentation:

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.

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Global 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.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Global Traction Control System Market are:

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.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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About us

MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.

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