Key players are Continental Group (Germany), Delphi Automotive PLC. (U.K.), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany) and TRW Automotive (U.S.).
(PRWEB) April 23, 2015
The growth in this market is primarily propelled by the increasing installation of switches in luxury features of vehicles. Rising demand for light passenger vehicles and heavy duty vehicles is also expected to drive the automotive switches market. The automotive switches market, in terms of volume, is projected to grow at a CAGR of 5.9% from 2014 to 2019 and reach 666.6 million units by 2019
Browse 60 market data tables and 49 figures spread through 200 pages and in-depth TOC on Automotive Switches Market.
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The Asia-Oceania region comprises of countries such as China, India, and Japan. The region is dominated by developing countries such as India and China, where the automotive industry is growing at a faster pace. Increasing number of vehicle manufacturing facilities due to low cost of production in developing countries, increasing production capacity, and growing demand for light and heavy vehicles is driving the market for automotive switches in these countries. The automotive switches market of the Asia-Oceania region is projected to grow at a CAGR of 6.16% from 2014 to 2019.
Western Europe is a matured market for automotive industry. The European automotive industry was growing negatively following the Euro Crisis of 2008. However, the European automotive industry is recovering at a faster pace after 2013, and this is expected to drive the demand for switches in Eastern and Western Europe. The European automotive switches market is projected to grow at a CAGR of 5.33% from 2014 to 2019.
The North America region comprises of countries such as the U.S., Canada, and Mexico, and is also a matured automotive market. This has pushed the vehicle production volume in Mexico, and this is expected to drive the switches market. The North American automotive switches market is projected to grow at a CAGR of 6.39% from 2014 to 2019.
The report covers the global automotive switches market in terms of volume (million units) and value ($million) across regions such as Asia-Oceania, Europe, North America and Rest of the World (RoW). It explains qualitative and quantitative aspects of automotive switches. The report briefly explains the automotive switches market on the basis of region, product, and vehicle type from 2014 to 2019.
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