Automotive Switches Market is projected to Reach 666.6 Million Units by 2019 New Report By MarketsandMarkets
(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.
http://www.marketsandmarkets.com/Market-Reports/automotive-switches-market-236022802.html
Early buyers will receive 10% customization on this report.
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.
Browse Related Reports
Vehicle Electrification Market - Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/vehicle-electrification-market-224946587.html
Automotive Interior Components Market - Global Forecasts & Analysis to 2019
http://www.marketsandmarkets.com/Market-Reports/automotive-interior-components-market-10199544.html
About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Blog: http://mnmblog.org/market-research/automotive-transportation
Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]
Share this article