Global Traction Control System Market to Reach $62.9 Billion by 2032 - A Comprehensive Analysis of Trends and Key Segments [Yahoo! Finance]
AISIN CORP UNSP/ADR (ASEKY)
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Source: Yahoo! Finance
Modulators, ECU, Sensors, and Others), Vehicle Type (ICE Vehicles, Electric Vehicles), Distribution Channel (OEM, Aftermarket), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The latest market research report on the global traction control system market has been announced, highlighting a projected growth to US$ 62.9 billion by the year 2032. With an impressive compound annual growth rate (CAGR) of 5.43% forecasted during the 2023-2032 period, the report underscores the increasing emphasis consumers and the automotive industry place on vehicle safety features, technological advancements, and the rising demand for electric vehicles (EVs). Drivers of Traction Control System Market Growth The surge in the market is attributed to the elevated consumer expenditure capacities and a heightened awareness regarding road safety. A significant expansion in the EV sector, coupled with extensive R&D activities, is fueling the adoption of traction control sys
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