Trailer Assist System Market: Global Industry Research Report 2020-2027 | Envisage Research

Trailer Assist System Market - By Technology (emi-Autonomous (L3), Autonomous (L4, L5)), By Vehicle Type (Passenger Cars, LCV, Trucks), By User Type (OEM Fitted, afterMarket) And By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, opportunity and Forecast 2020 To 2027

Published Date: May 2021

No. of Pages: 189

Status: Published

Report Code: EMR100587

The trailer assist system market is projected to reach USD 182 million by 2027 from an estimated USD 94.5 million in 2020, at a CAGR of 9.8 % during the forecast period. The system that makes it easier for a vehicle to move in reverse direction in a precisely straight line is defined as trailer assist system.

With the help of trailer assist system, the drivers do not require to rethink the circumstances when reversing with the trailer. Moving the trailer to the right and steering wheel to the left is not required with trailer assist system. To reverse with a trailer assist system, the reverse gear has to be selected by the driver and the button has to be pressed to activate the system. The steering angle can be seen on the cluster of the instrument. The intended direction can be set by using the mirror adjustment switch which functions like a joystick and helps the driver only to operate with the brakes and accelerator as the steering commands are received by the vehicle which is given by the trailer assist system. This helps to automatically move the trailer in the required direction.

The demand for comfort and safety has always been a prime inclination in vehicles and its manufacturing. Accidents are increasing due to inefficiency of the drivers while parking a vehicle. To minimize these errors by the drivers and to mitigate the risk to prevent accidents will lead the market for trailer assist system.

The growing usage of vehicles is further projected to positively influence the trailer system market during the forecast period. With the growing ecommerce, the usage of vehicles with attached trailer increases which will drive the market for trailer assist system. Growing safety awareness among the consumers, will lead the market for trailer assist system.

Depending on the different functioning of the vehicles, trailer assist system has different functioning from passenger cars to LCVs and HCVs. Therefore, it will lead the manufacturers to manufacture more efficient trailer assist system which will drive the market during the forecast period.

The trailer assist system market was dominated by major players such as Continental (Germany), Bosch (Germany), Magna (Canada), WABCO (Belgium), and Westfalia (Germany). These companies have strong distribution networks at a global level. Also, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.

Analyst Commentary

The passenger cars segment is expected to be the fastest growing market over the forecast period. Currently, the market is mostly limited to passenger cars only, and there are very few OEMs providing trailer assist system in LCVs, which includes Ford and Volkswagen. The trailer assist system that is available in trucks has different functioning from passenger cars and LCVs as it supports truck movement during reversing operations by detecting small, large, static and moving objects in the blind spot behind the vehicle and automatically brakes. It does not automatically steer the truck as it does in passenger cars and LCVs.

The North American market is expected to witness the fastest growth, followed by Western Europe and Eastern Europe. The trailer assist system market in Canada is estimated to grow at a good pace over the next eight years. In Canada, various OEMs such as Ford and Land Rover are providing trailer assist system in vehicles as an optional feature. Increasing safety awareness among consumers, rise in the demand for a safe, efficient, & convenient driving experience and increase usage of towing trailers will drive the Canadian market which in turn will drive the demand for trailer assist system in the North American region.


Segmentation
The global market is segmented based on technology, vehicle type, user type and region. On the basis of technology, the market is segmented into Semi-Autonomous (L3), Autonomous (L4, L5). Based on vehicle type the market is segmented into Passenger Cars, LCV, Trucks. On the basis of user type the market is segmented into OEM Fitted, aftermarket.

Regional Analysis

The global trailer assist system market has been split into the regions of Latin America, Asia-Pacific, Middle East and Africa, Europe, and North America for regional analysis.

In terms of region, it is likely both North America and Europe are expected to offer lucrative opportunity to the market during the forecast period, from 2020 to 2027. These regions with enough spending capacity on vehicle customization are likely to offer considerable growth opportunities for the market in the forthcoming years.

Germany and Canada both are likely to play an important role in spearheading growth of the global trailer assist system market. In Asia Pacific, countries like China and India are witnessing increased sale of automobiles, which is foreseen to offer lucrative opportunities to the market.

Western Europe is expected to be the largest market, followed by North America. Germany is the largest market for trailer assist system globally. The sales of luxury car vehicle in Germany is high also there is a demand for towing trailers, which makes the country highest growing and largest market, globally.

Luxury vehicle manufacturers like Volkswagen, Land Rover, Audi Mercedes Benz, Bentley, and Skoda are providing trailer assist feature in the country. Majority of the tier-1 companies providing trailer assist systems headquartered in Germany include Continental, Bosch, and Westfalia, which is a significant driver of this market in Germany. Westfalia and Audi, in cooperation, have developed the trailer assist system called Towing Assistant (abbreviated TTA), a swiveling tow bar with a combined mechanical and electronic solution that measures the angle of the tow bar between the towing vehicle and the trailer. The system has its debut on the new Audi Q7.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Online Book Services Market
Chapter 5. Global Online Book Services Market Overview, By Product, 2015 - 2027(USD Billion)
5.1. Global Online Book Services Market Share, By Product, 2015 - 2027 (USD Billion)
5.1.1. Trade
5.1.1.1. Market Type and Projections,2015 - 2027 (USD Billion)
5.1.1.2. Market Type and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.2. Education
5.1.2.1. Market Type and Projections,2015 - 2027 (USD Billion)
5.1.2.2. Market Type and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.3. Science, Technology & Medicine (STM)
5.1.3.1. Market Type and Projections,2015 - 2027 (USD Billion)
5.1.3.2. Market Type and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 6. Global Online Book Services Market Overview, By Geography, 2015 - 2027(USD Billion)
6.1. Global Online Book Services Market Share, By Geography, 2015 - 2027(USD Billion)
6.1.1. Market Type and projections, by Countries, 2015 - 2027 (USD Billion)
6.1.2. Market Share and CAGR Comparison, by Countries, 2020 - 2027 (%)
Chapter 7. North America Online Book Services Market Overview, By Countries, 2015 - 2027(USD Billion)
7.1. North America Online Book Services Market Overview, 2015 - 2027 (USD Billion)
7.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
7.1.2. North America Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
7.1.3. North America Online Book Services Market Overview, By Countries, 2015 - 2027 (USD Billion)
7.1.3.1. U.S. Online Book Services Market Overview, 2015 - 2027 (USD Billion)
7.1.3.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
7.1.3.1.2. U.S. Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
7.1.3.2. Canada Online Book Services Market Overview, 2015 - 2027 (USD Billion)
7.1.3.2.1. Market Type and projections, 2015 - 2027 (USD Billion)
7.1.3.2.2. Canada Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
7.1.3.3. Mexico Online Book Services Market Overview, 2015 - 2027 (USD Billion)
7.1.3.3.1. Market Type and projections, 2015 - 2027 (USD Billion)
7.1.3.3.2. Mexico Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
Chapter 8. Europe Online Book Services Market Overview, By Countries, 2015 - 2027(USD Billion)
8.1. Europe Online Book Services Market Overview, 2015 - 2027 (USD Billion)
8.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
8.1.2. Europe Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
8.1.3. Europe Online Book Services Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1.3.1. Germany
8.1.3.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
8.1.3.1.2. Germany Online Book Services Market Overview, By Product, 2015 - 2027(USD Billion)
8.1.3.2. France
8.1.3.2.1. Market Type and projections, 2015 - 2027 (USD Billion)
8.1.3.2.2. France Online Book Services Market Overview, By Product, 2015 - 2027(USD Billion)
8.1.3.3. UK
8.1.3.3.1. Market Type and projections, 2015 - 2027 (USD Billion)
8.1.3.3.2. UK Online Book Services Market Overview, By Product, 2015 - 2027(USD Billion)
8.1.3.4. Italy
8.1.3.4.1. Market Type and projections, 2015 - 2027 (USD Billion)
8.1.3.4.2. Italy Online Book Services Market Overview, By Product 2015 - 2027(USD Billion)
8.1.3.5. Spain
8.1.3.5.1. Market Type and projections, 2015 - 2027 (USD Billion)
8.1.3.5.2. Spain Online Book Services Market Overview, By Product, 2015 - 2027(USD Billion)
8.1.3.6. Rest of Europe
8.1.3.6.1. Market Type and projections, 2015 – 2027
8.1.3.6.2. Rest of Europe Online Book Services Market Overview, By Product, 2015 - 2027(USD Billion)
Chapter 9. Asia Pacific Online Book Services Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1. Asia Pacific Online Book Services Market Overview, 2015 - 2027 (USD Billion)
9.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
9.1.2. Asia Pacific Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
9.1.3. Asia Pacific Online Book Services Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1.3.1. India
9.1.3.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
9.1.3.1.2. India Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
9.1.3.1.3. Other Segments
9.1.3.2. China
9.1.3.2.1. Market Type and projections, 2015 - 2027(USD Billion)
9.1.3.2.2. China Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
9.1.3.3. Japan
9.1.3.3.1. Market Type and projections, 2015 - 2027 (USD Billion)
9.1.3.3.2. Japan Online Book Services Market Overview, By Product, 2015 - 2027(USD Billion)
9.1.3.4. South Korea
9.1.3.4.1. Market Type and projections, 2015 - 2027(USD Billion)
9.1.3.4.2. South Korea Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
9.1.3.5. Rest of Asia Pacific
9.1.3.5.1. Market Type and projections, 2015 - 2027 (USD Billion)
9.1.3.5.2. Rest of Asia Pacific Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
Chapter 10. Middle East & Africa Online Book Services Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1. Middle East & Africa Online Book Services Market Overview, 2015 - 2027 (USD Billion)
10.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
10.1.2. Middle East & Africa Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
10.1.3. Middle East & Africa Online Book Services Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1.3.1. GCC
10.1.3.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
10.1.3.1.2. GCC Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
10.1.3.2. South Africa
10.1.3.2.1. Market Type and projections, 2015 - 2027 (USD Billion)
10.1.3.2.2. South Africa Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
10.1.3.3. Rest of Middle East & Africa
10.1.3.3.1. Market Type and projections, 2015 - 2027 (USD Billion)
10.1.3.3.2. Rest of Middle East & Africa Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
Chapter 11. South America Online Book Services Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1. South America Online Book Services Market Overview, 2015 - 2027 (USD Billion)
11.1.1. Market Type and projections, 2015 - 2027 (USD Billion)
11.1.2. South America Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
11.1.3. South America Online Book Services Market Overview, By Countries, 2015- 2026 (USD Billion)
11.1.4. Brazil
11.1.4.1. Market Type and projections, 2015 - 2027 (USD Billion)
11.1.4.2. Brazil Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
11.1.5. Argentina
11.1.5.1. Market Type and projections, 2015 - 2027 (USD Billion)
11.1.5.2. Argentina Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
11.1.6. Rest of South America
11.1.6.1. Market Type and projections, 2015 – 2027
11.1.6.2. Rest of South America Online Book Services Market Overview, By Product, 2015 - 2027 (USD Billion)
Chapter 12. Competitive Landscape
12.1. Competitive environment, 2020
12.2. Strategic framework
12.2.1. Partnership/agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New Offering development
Chapter 13. Key Vendor Analysis
13.1. Amazon
13.1.1. Company overview
13.1.2. Financial performance
13.1.3. Mice Benchmarking
13.1.4. Recent initiatives
13.1.5. SWOT analysis
13.2. Apple
13.2.1. Company overview
13.2.2. Financial performance
13.2.3. Mice Benchmarking
13.2.4. Recent initiatives
13.2.5. SWOT analysis
13.3. Barnes & Noble
13.3.1. Company overview
13.3.2. Financial performance
13.3.3. Mice Benchmarking
13.3.4. Recent initiatives
13.4. Kobo
13.5. Google
Chapter 14. Online Book Services Market Cost Analysis
14.1. Online Book Services Market Key Offering Analysis
14.1.1. Key Offering
14.1.2. Price Trend of Key Raw Material
14.1.3. Key Suppliers
14.1.4. Labor Cost
Chapter 15. Heavy Duty and Bariatric Bags Chain, Sourcing Strategy and Downstream Buyers
15.1. Online Book Services Market Heavy Duty and Bariatric Bags Chain Analysis
15.2. Upstream Offering Sourcing
15.3. Offering Sources of Online Book Services Market Major Manufacturers in 2020
15.4. Downstream Buyers
Chapter 16. Marketing Strategy Analysis, Distributors/Traders
16.1. Marketing Channel
16.1.1. Direct Marketing
16.1.2. Indirect Marketing
16.1.3. Marketing Channel Development Trend
16.2. Market Positioning
16.2.1. Pricing Strategy
16.2.2. Brand Strategy
16.2.3. Target Client
16.3. Distributors/Traders List
Chapter 17. Market Effect Factors Analysis
17.1. Technology Progress/Risk
17.1.1. Substitutes Threat
17.1.2. Technology Progress in Related Type
17.2. Consumer Needs/Customer Preference Change
17.3. Economic/Political Environmental Change
Chapter 18. Future Outlook of the Market
Disclaimer 
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Online Book Services Market share, by Product, 2020 & 2027 (%)
10. Global Online Book Services Market share, by Trade, by Product, 2015 - 2027 (USD Billion)
11. Global Online Book Services Market share, by Education, by Product, 2015 - 2027 (USD Billion)
12. Global Online Book Services Market share, by Science, Technology & Medicine (STM), by Product, 2015 - 2027 (USD Billion)
13. Global Online Book Services Market share, by region, 2020 & 2027 (%)
14. Global Online Book Services Market share, by region, 2015 - 2027(USD Billion)
15. North America Online Book Services Market, 2015 - 2027(USD Billion)
16. North America Online Book Services Market share, by Countries, 2020 & 2027 (%)
17. U.S. Online Book Services Market, 2015 - 2027(USD Billion)
18. Canada Online Book Services Market, 2015 - 2027(USD Billion)
19. Europe Online Book Services Market, 2015 - 2027(USD Billion)
20. Europe Online Book Services Market share, by Countries, 2020 & 2027 (%)
21. Spain Online Book Services Market, 2015 - 2027(USD Billion)
22. UK Online Book Services Market, 2015 - 2027(USD Billion)
23. Italy Online Book Services Market, 2015 - 2027(USD Billion)
24. Germany Online Book Services Market, 2015 - 2027(USD Billion)
25. France Online Book Services Market, 2015 - 2027(USD Billion)
26. Rest of Europe Online Book Services Market, 2015 - 2027(USD Billion)
27. Asia-Pacific Online Book Services Market, 2015 - 2027(USD Billion)
28. Asia-Pacific Online Book Services Market share, by Countries, 2020 & 2027 (%)
29. China Online Book Services Market, 2015 - 2027(USD Billion)
30. India Online Book Services Market, 2015 - 2027(USD Billion)
31. Australia Online Book Services Market, 2015 - 2027(USD Billion)
32. Japan Online Book Services Market, 2015 - 2027(USD Billion)
33. Rest of Asia-Pacific Online Book Services Market, 2015 - 2027(USD Billion)
34. Middle East & Africa Online Book Services Market, 2015 - 2027(USD Billion)
35. Middle East & Africa Online Book Services Market share, by Countries, 2020 & 2027 (%)
36. GCC Online Book Services Market, 2015 - 2027(USD Billion)
37. South Africa Online Book Services Market, 2015 - 2027(USD Billion)
38. Rest Of Middle East & Africa Online Book Services Market, 2015 - 2027(USD Billion)
39. South America Online Book Services Market, 2015 - 2027(USD Billion)
40. Brazil Online Book Services Market, 2015 - 2027(USD Billion)
41. Mexico Online Book Services Market, 2015 - 2027(USD Billion)
42. Argentina Online Book Services Market, 2015 - 2027(USD Billion)
43. Rest Of South America Online Book Services Market, 2015 - 2027(USD Billion)

List of Tables

1. Impact of Market drivers
2. Impact of Market restraints
3. Global Online Book Services Market, 2015-2027 (USD Billion)
4. Online Book Services requirement, by country, 2015-2027, (USD Billion)
5. North America Online Book Services Market, by Product, 2015-2027 (USD Billion)
6. Europe Online Book Services Market, by Product, 2015-2027 (USD Billion)
7. Asia Pacific Online Book Services Market, by Product, 2015-2027 (Revenue, USD Billion)
8. Middle East & Africa Online Book Services Market, by Product, 2015-2027 (USD Billion)
9. South America Online Book Services Market, by Product, 2015-2027 (USD Billion)
10. Global Online Book Services Market, Company Market Share, 2020 - 2027 (%)
11. Amazon : Product Benchmarking
12. Amazon : Financial Performance
13. Apple : Product Benchmarking
14. Apple : Financial Performance
15. Barnes & Noble : Product Benchmarking
16. Barnes & Noble : Financial Performance
17. Kobo :Product Benchmarking
18. Kobo :Financial Performance
19. Google : Product Benchmarking
20. Google : Financial Performan

The Leading Key Players in Trailer Assist System Market

Continental (Germany)
Bosch (Germany)
Magna (Canada)
WABCO (Belgium)
Westfalia (Germany).