Trailer Assist System Market 2019-2025 By Regional Industry Growth & Forecast
Category: #business  By Partha Ray  Date: 2019-08-13
  • share
  • Twitter
  • Facebook
  • LinkedIn

Trailer Assist System Market 2019-2025 By Regional Industry Growth & Forecast

Global Trailer Assist System Market report 2025 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.

Europe holds a significant market share for trailer assist system market due to the increase in sales of commercial vehicles in the region. According to the International Organization of Motor Vehicle Manufacturers, the sales of passenger vehicles in Europe reached 17,937,345 in 2017. This increase in passenger vehicle sales will fuel the adoption of trailer assist systems in the region. The luxury vehicle manufacturers, such as Land Rover, Volkswagen, Mercedes-Benz, Audi, Bentley, and Skoda, are providing trailer assist systems in the region. There are many trailer assist system providers, such as Bosch, Continental, and Westfalia, in Germany.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/3404

North America is expected to grow at a rapid rate in the trailer assist system market due to demand for driving comfort and safety features in the vehicles. The increase in the number of accidents is compelling government agencies to tighten their vehicle safety norms. Aftermarket solution providers are developing innovative trailer assist systems to enable automakers to comply with the stringent regulations. For instance, in October 2017, the U.S. Department of Transportation’s National Highway Traffic Safety Administration published the fatal traffic crash data report for 2016, which stated that 37,461 lives were lost on the U.S. roads in 2016, an increase of 5.6 percent from the previous year. The use of towing trailers for various recreational events will support the demand for trailer assist systems in the region.

Trailer Assist System Market, By Type, 2014-2025 (USD Million)

  • OEM
  • Aftermarket

Trailer Assist System Market, By Vehicle Type, 2014-2025 (USD Million)

  • Passenger Vehicle (PV)
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)

Trailer Assist System Market, By Component, 2014-2025 (USD Million)

  • Camera/Sensor
  • Software Module

Trailer Assist System Market is expected to show significant growth over the forecast period due to increase in advancements in the automotive industry and increased safety awareness among consumers. The rising vehicle towing activities in developing countries is another factor driving market growth. The increasing demand for comfort and safety in passenger cars and Light Commercial Vehicles (LCVs) is also contributing significantly to the growth of the trailer assist system market. Due to the increasing incidents of accidents and resulting fatalities, the automotive manufacturers and aftermarket solution providers are focusing on developing advanced trailer assist systems to help drivers in maneuvering effectively on roads.

The major market players operating in the trailer assist system market are strategically collaborating with each other to enhance their capabilities. For instance, in September 2018, WABCO, a leading provider of electronic braking, suspension, and transmission automation systems for heavy-duty commercial vehicles partnered with Valeo, an automotive technology leading company for automotive industry innovations. This partnership helped both companies to develop the next-generation of Advanced Driver Assistance Systems (ADAS) for next-generation autonomous vehicles.

The companies operating in trailer assist system market also focus on innovative vehicle assist systems to increase precision in parking and reducing fatalities related to vehicle parking. For instance, in January 2019, Valeo introduced XtraVue Trailer system, which uses several cameras mounted at the back of the vehicle and the rear of the trailer. This new system provides vehicles easy and precise maneuvering while changing lanes, vehicle reversing, and parking. The other major players operating in the trailer assist system market are Continental AG, Bosch, Magna, Wabco, Westfalia, TowGo, Carit Automotive, Valeo, Garmin, Cogent Embedded, Echomaster, Ford, Volkswagen, Delphi Automotive, Siemens, ZF Friedrichshafen, Hella, and Hitachi.

Methodology used in this report:  -

our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Key customers and B2B clients

Market research reports: Key analytical components

Get this report Customized to your requirements @ https://www.gminsights.com/roc/3404

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

...

Read More

More News By Partha Ray

Mining Geochemistry Services Market Size |Incredible Possibilities and Growth Analysis and Forecast To 2025
Mining Geochemistry Services Market Size |Incredible Possibilities and Growth Analysis and Forecast To 2025
By Partha Ray

A recent research on 'Mining Geochemistry Services market', now available with Market Study Report, LLC, is a thorough study on the latest market trends prevailing in the global business sphere. The report also offers important details pertaining to ...

Oil & Gas Cable Market Size, Growth, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2025
Oil & Gas Cable Market Size, Growth, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2025
By Partha Ray

Market Study Reports recently added a detailed research study focused on the Global Oil & Gas Cable Market across the global, regional and country level. The report provides 360° analysis of Oil & Gas Cable Market from view of manufacturers, regio...

Lithium Ion Battery Packaging Solutions Market Size - Industry Insights, Top Trends, Drivers, Growth and Forecast to 2025
Lithium Ion Battery Packaging Solutions Market Size - Industry Insights, Top Trends, Drivers, Growth and Forecast to 2025
By Partha Ray

A concise assortment of data on 'Lithium Ion Battery Packaging Solutions market' is covered in a newly published research added to the repository of Market Study Report, LLC. It offers an exhaustive study targeting current market trends influencing t...