Press Release

Traction Control System Market Expected to Hit USD 58.6 Billion in 2030

The Global Traction Control System Market size was USD 38.7 Billion in 2023 and is expected to reach a market size of USD 58.6 Billion in 2030 and is projected to grow at a CAGR of 5.9% during the forecast period of 2025-30, cites MarkNtel Advisors in the recent research report. With the growing production of passenger cars across the globe, driven by rising demand for personal mobility solutions, the adoption of traction control systems has also enhanced. This was primarily to abide by the rising safety standards for the automobile industry across the globe to reduce and prevent road accidents. Also, governments have been focusing on introducing higher safety standards and policies to boost safety on the roads and to educate people about the same. These efforts made by the governments have been helping to increase awareness among consumers regarding the benefits of safety solutions in vehicles. Thus, this has been further boosting the demand for vehicles integrated with traction control systems among the consumer, which has been supporting the market growth.

Nonetheless, observing this rising demand for traction control systems among the consumer, the companies are focusing on improving their performance. This has led to a substantial rise in investment in research and development activities. Also, companies have been focusing on the development of energy-efficient traction control system solutions, which would further help in improving their demand among consumers. Consequently, this would help in driving the growth of the Traction Control System market in the coming years.

Furthermore, the demand for autonomous vehicles has also been improving across developed countries like the US, Japan, Singapore, etc. This demand is supported by the high-tech road infrastructure of these countries, which has robust internet connectivity witnessing the readiness for autonomous vehicle adoption. Also, to operate effectively, autonomous vehicles rely on an array of sensors strategically placed throughout their structure to accurately monitor their surroundings and performance. Hence, this would further help in enhancing the need for traction control systems in these vehicles as the emphasis on vehicle safety and reliability intensifies. Hence, as the production and adoption of autonomous vehicles continue to grow, it would drive the demand for advanced traction control systems among original equipment manufacturers (OEMs), further states the research report, “Global Traction Control System Market Analysis, 2025.”

Global Traction Control System Market Segmentation Analysis

Electrical Linkage Leads the Market

Based on the Type segment, the market is further bifurcated into, Mechanical Linkage and Electrical Linkage. Out of these, the Electrical Linkage segment is expected to have a huge market portion and is likely to grow exponentially in the next few years due to the rapid growth in demand for electric and hybrid vehicles. This sudden rise in electric vehicle demand was credited to government initiatives for clean energy transportation. Increasingly adopted electric vehicles have brought with them surging needs for sophisticated systems such as electrical linkages. Such linkages are indispensable for the optimization of the interplay between the different subsystems of electric powertrains and traction control mechanisms.

Also, electrical connections help transmit the signals and commands from some parts of the vehicle, like the brakes, the engine, and the four-wheel drive sensors. Their contribution toward perfecting traction control would improve their demand in the upcoming years as well.

Asia-Pacific Dominates the Market

Geographically, the market has been bifurcated into North America, South America, Europe, The Middle East & Africa, & Asia-Pacific. Among them, Asia-Pacific is growing at a high pace and is expected to capture a significant share of the Global Traction Control System Market. The Chinese, Japanese, and Indian markets have witnessed considerable growth in sales for both commercial and passenger vehicles. Improved disposable incomes and rapid urbanization are the major factors contributing to this rise in demand, as consumers prefer to buy personal vehicles to commute daily. Moreover, regional governments are encouraging economic growth and initiating large infrastructure projects, thereby accelerating the sales of commercial vehicles as well. Further, due to an increasing number of vehicle sales and an emerging need for advanced safety solutions, the demand for traction control systems has also risen at both OEM and aftermarket levels.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including 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, and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-2030?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?