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Traction Control System Market Outlook – 2025 With Major Market Players Such as Robert Bosch GmbH, Continental AG, Autoliv, Inc., Nissin Kogyo Co. Ltd., WABCO, ZF TRW, Hyundai Mobis, Denso Corporation, Hitachi Automotive Systems, Ltd., and ADVICS Co., L

06-04-2019 07:36 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Traction Control System Market Outlook – 2025 With Major

The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global traction control system market generated $27.59 billion in 2017, and is expected to reach $44.14 billion by 2025, growing at a CAGR of 6.7% from 2018 to 2025.

Factors such as growing demand for safety features and technological advancement in automobiles drive the market growth. However, high maintenance cost of traction control systems restrains the growth of the market. Conversely, development of advanced braking systems creates new opportunities for growth of the market.

Among types, the mechanical linkage segment accounted for the largest market share of more than two-thirds of the total share in 2017. However, the electrical linkage would grab the largest share through 2025 and grow at the fastest CAGR of 17.4% during the forecast period. To meet the upcoming emission regulations/norms, the automobile manufacturers are reducing the overall weight of the vehicles by replacing the mechanical linkages of systems by electrical components. Therefore, the electronic linkage accounts to have the major share during the forecast period.

Need more details? Request a sample of the “Traction Control System Market” report at https://www.alliedmarketresearch.com/request-sample/5244

Based on vehicle type, the ICE (passenger cars & commercial vehicles) vehicles segment was the largest in 2017, capturing around 97% of the market share and would maintain its dominance through 2025. With increase in the purchasing power of consumers, infrastructure development, and ease of finance, there has been a higher demand for passengers and LCV in developed and developing countries. However, the electric vehicles [battery electric vehicles (BEV) and plug-in hybrid electric vehicle (PHEV)] segment would grow at the fastest CAGR of 20.1% from 2018 to 2025. This is due to the high-end functions and extended range offered by the vehicles.

For purchase enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5244

Asia-Pacific was the largest market in 2017, grabbing nearly two-fifths of the market share and is likely to dominate the market through 2025. The government support for automotive industry, upcoming emission regulations, rapid industrialization, increase in demand for electric vehicles, and focus on developing newer products in the region. However, the market in LAMEA would achieve the fastest growth of 13.1% during the forecast period.

Buy the latest version of this report at: https://www.alliedmarketresearch.com/checkout-final/c9cc420a40c03faa2f47d88777f8ea52

Leading market players analyzed in the research 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 market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

Contact:

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help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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