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Traction Control System Market Global Briefing and Future Outlook 2022 to 2028

03-03-2022 03:20 PM CET | Logistics & Transport

Press release from: The Insight Partners

Traction Control System Market

Traction Control System Market

Traction control system helps to accelerate, prevent loss of traction (slippage) of driven road wheels and maintain proper torque between the surface and wheels. The traction control system consists of wheel speed sensors, a hydraulic modulator, and an electric control unit (ECU). The traction control system is an additional protection feature which accompanies the anti-lock braking (ABS) system to offer advanced stability, specifically during tilting and cornering of motorcycles.

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Companies Profiled in this report includes:  ADVICS Co., Ltd, Autoliv Inc, Continental AG, Denso Corporation, Hitachi Automotive Systems Americas Inc, Hyundai Mobis Co., Ltd, Nissin Kogyo Co., Ltd, Robert Bosch GmbH, WABCO Holdings Inc, ZF Friedrichshafen AG

MARKET SEGMENTATION

Based on type, the global traction control system market is segmented into mechanical linkage and electrical linkage.

On the basis of component, the market is segmented into hydraulic modulators, ECU [electric control unit], and sensor.

Based on vehicle type, the market is bifurcated into ICE [internal combustion engine] vehicles and electric vehicles.

MARKET DYNAMICS

Drivers:

Rising demand for high-end vehicles in many developing countries of Asia Pacific region.

Increasing per capita disposable income to boost market growth of traction control system.

Restraints:

Unorganized retail sector in few developing countries of the Middle East and Africa region.

To Speak analyst on Traction Control System Market Growth Research Report at https://www.theinsightpartners.com/speak-to-analyst/TIPRE00004321

IMPACT OF COVID-19 ON TRACTION CONTROL SYSTEM MARKET

The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Owing to job losses or salary cuts, buying capacity of the consumer was also reduced. Restrictions of limited workforce at production site affected the traction control market from supply side also. All the mentioned factors have impacted the market negatively. However, post pandemic, this market is expected grow considerably.

Order Copy of this Traction Control System Market Research Study at https://www.theinsightpartners.com/buy/TIPRE00004321/

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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