Traction Control System Market Expanding at a CAGR of 5.9% during 2025-2030

Jackdaniel22 Jan, 2025Business

Traction Control System Market size was valued at USD 38.7 Billion in 2023 and is expected to reach USD 58.6 Billion by 2030, exhibiting a growth rate (CAGR) of 5.9% during the forecast period, i.e., 2025-30. The Global Traction Control Market has been growing because of the improving need for safety features, rising expenditure capacities of consumers, etc. The market players have been focused on providing innovative products in the form of automobile safety systems aimed at optimizing the tractive force and minimizing the loss of stability of the vehicle.