Traction Control System (TCS) Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Traction control system is usually a subordinate function of electronic stability control (ESC) on motor vehicles and is designed to avoid loss of grip of road wheels. It is stimulated when control input and engine force are incompatible to road conditions. The traction control system is a supplementary protection feature which accompanies the anti-lock braking (ABS) system to offer advanced stability, specifically during tilting and cornering of motorcycles. The traction control system market is in its emerging stage since this system is chiefly limited to premium motorcycles that are used for racing and touring.

Market Dynamics

Increase in the acceptance of ultra-luxury motorcycles and escalating demand for traction control systems are some major factors driving the market growth. However, high cost of manufacturing of traction control system is currently hampering the market growth. Owing to growing inclination of youth towards sturdy cruiser motorcycles and sports bikes, the market for TCS is expected to witness increased demand in coming years.

Market Classification

The market can be bifurcated on the basis of product type, end user and geography. By end user, traction control system (TCS) market can be segmented into aftermarket and OEMs. By product type, traction control system (TCS) market can be segmented into braking torque control and engine torque control. On the basis of geography, the traction control system (TCS) market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in traction control system (TCS) market include AGS Automotive Systems, Inc, MAHLE GmbH, Kaishan Group, NPR of Europe GmbH (NE), ZYNP International, KSPG Automotive, Slinger Manufacturing Company Inc., TPR Teikoku Piston Ring Co., Ltd., Federal-Mogul Corporation, Westwood Cylinder Liners, GKN Plc, Advanced Sleeve, Melling Tool Co., Cummins and Darton among others.

Market Segmentation

Market By Product Type

·         Braking Torque Control

·         Engine Torque Control

Market By End user

·         Aftermarket

·         OEMs (Original Equipment Manufacturer)

Market By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   France

o   Germany

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of LATAM

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA