Press release
What future holds for trailer assist system market | Top Key Players are Continental, Ford Motor Company, HELLA, Hitachi, Magna International, Siemens, Valeo, Volkswagen of America, Inc, Wabco, ZF Friedrichshafen
Trailer Assist System Market
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/3404
Lesser penetration of the towing trailers in developing countries, such as India and China, is a major challenge for the trailer assist system market growth. The high cost of the system is also a restraining factor for market growth. The stringent government regulations regarding the reverse parking assistance systems are also hampering the market growth. The failure of the trailer assist system may lead to a collision with another vehicle or roadside infrastructure. The slight inaccuracy of the system may result in a major economic loss of the fleet owner.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Continental AG
2. Carit Automotive
3. Cogent Embedded
4. Delphi Automotive
5. Echomaster
6. Ford
7. Garmin International
8. HELLA GmbH & Co. KGaA
9. Hitachi, Ltd.
10. Magna
11. Robert Bosch GMBH
12. Siemens
13. TowGo
14. Valeo
15. Volkswagen
16. Wabco
17. Westfalia Automotive
18. ZF Friedrichshafen
North America is expected to grow at a rapid rate in the trailer assist system market due to demand for driving comfort and safety features in the vehicles. The increase in the number of accidents is compelling government agencies to tighten their vehicle safety norms. Aftermarket solution providers are developing innovative trailer assist systems to enable automakers to comply with the stringent regulations. For instance, in October 2017, the U.S. Department of Transportation’s National Highway Traffic Safety Administration published the fatal traffic crash data report for 2016, which stated that 37,461 lives were lost on the U.S. roads in 2016, an increase of 5.6 percent from the previous year. The use of towing trailers for various recreational events will support the demand for trailer assist systems in the region.
Europe holds a significant market share for trailer assist system market due to the increase in sales of commercial vehicles in the region. According to the International Organization of Motor Vehicle Manufacturers, the sales of passenger vehicles in Europe reached 17,937,345 in 2017. This increase in passenger vehicle sales will fuel the adoption of trailer assist systems in the region. The luxury vehicle manufacturers, such as Land Rover, Volkswagen, Mercedes-Benz, Audi, Bentley, and Skoda, are providing trailer assist systems in the region. There are many trailer assist system providers, such as Bosch, Continental, and Westfalia, in Germany.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/3404
The major market players are strategically collaborating with each other to enhance their capabilities. For instance, in September 2018, WABCO, a leading provider of electronic braking, suspension, and transmission automation systems for heavy-duty commercial vehicles partnered with Valeo, an automotive technology leading company for automotive industry innovations. This partnership helped both companies to develop the next-generation of Advanced Driver Assistance Systems (ADAS) for next-generation autonomous vehicles.
The companies operating in trailer assist system market also focus on innovative vehicle assist systems to increase precision in parking and reducing fatalities related to vehicle parking. For instance, in January 2019, Valeo introduced XtraVue Trailer system, which uses several cameras mounted at the back of the vehicle and the rear of the trailer. This new system provides vehicles easy and precise maneuvering while changing lanes, vehicle reversing, and parking. The other major players operating in the trailer assist system market are Continental AG, Bosch, Magna, Wabco, Westfalia, TowGo, Carit Automotive, Valeo, Garmin, Cogent Embedded, Echomaster, Ford, Volkswagen, Delphi Automotive, Siemens, ZF Friedrichshafen, Hella, and Hitachi.
Browse Related Reports:-
Automotive Dashboard Camera Market:- https://www.marketwatch.com/press-release/automotive-dashboard-camera-market-2019-emerging-trends-growth-dynamics-forecast-to-2025-2019-07-01
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What future holds for trailer assist system market | Top Key Players are Continental, Ford Motor Company, HELLA, Hitachi, Magna International, Siemens, Valeo, Volkswagen of America, Inc, Wabco, ZF Friedrichshafen here
News-ID: 1794278 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Trailer
Trailer Rental and Leasing Services Market Size 2024: Industry Overview, Manufac …
The Global "Trailer Rental and Leasing Services Market Size" Report provides a comprehensive analysis of the factors driving the industry's growth, including trends, dynamics, and market share. It assesses both current and historical market values to forecast potential developments from 2024 to 2032. The study draws on both primary and secondary data, exploring various elements that influence the industry, such as government regulations, market conditions, competitive landscape, historical trends, present…
Semi Trailer Rental and Leasing Market Insights, Technology Advancements and For …
The Latest research study released by WMR "Semi Trailer Rental and Leasing Market with 150+ pages of analysis on business Strategy taken up by key and emerging industry players delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying the importance of different factors that aid market growth.
The market study report offers comprehensive insights into the entire market landscape,…
The Global Truck Trailers Market Size Research Report 2021 Forecast 2030 | Key P …
The Global Truck Trailers Market Size is expected to reach USD 105 billion by 2030, at a CAGR of 7.02% during the forecast period 2022 to 2030.
Request To Download Free Sample copy of the report @ https://www.sphericalinsights.com/request-sample/1628
Comprehensive historical analysis of global market for Truck Trailers has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It…
Global Trailer Rentals market: Market Indicators Showing Positive Outlook | Cool …
"
The Trailer Rentals global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key factors.…
Oil Tank Trailer and Semi-Trailer Market: Competitive Dynamics & Global Outlook …
LP INFORMATION offers a latest published report on Oil Tank Trailer and Semi-Trailer Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Oil Tank Trailer and Semi-Trailer market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$…
Semi-trailer Global Market Outlook 2017-2026 By Industry players- ontaine Commer …
Global Semi-Trailer Market is accounted for $24.23 billion in 2017 and is expected to reach $41.25 billion by 2026 growing at a CAGR of 6.1% during the forecast period.
Factors such as growing demand for consumer goods, increasing business activity in emerging countries and rising usage of advanced technologies are fueling the market growth. However, unfortunate road transportation coupled with a lack of intent to recover transport is hampering the market.
Get…
