June 18, 2019 by Steve Blade
Fact.MR has collated a report on the automotive switches market and published a report titled, “Automotive Switches Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028”. A thorough analysis of the historical data, prevailing automotive switches market trends, current market scenario in automotive switches landscape and future growth opportunities are discussed in the automotive switches market report.
Study shows that the automotive switches market is estimated to witness a volume CAGR of 4.2% during the period of assessment 2018 - 2028. A significant rise in vehicle production, increasing size of vehicle fleet and growing demand for auto parts is projected to contribute to the sales volume of 4,207.6 Million units of automotive switches by 2028 end.
In this section, the market taxonomy of the automotive switches market is discussed elaborately with the in-depth information of all the market segments. The automotive switches market is segmented based on vehicle type, switch type and sales channel. With the geographical point of view, the automotive switches market is thoroughly analyzed for a total of seven regions where an in-depth country-wise analysis forms the basis of the global market forecast.
For More Details - A sample of this report is available upon request here -
Developing Economies Consolidate Small-Scale Automotive Switches Market Players
Economic growth and per capita income show significant influence on the outlook of automotive industry and growth of the auto parts market. The automotive switches market is prominently influenced by consumer buying power. Following this trend, tier 1 and tier 2 companies in the automotive switches market have a strong presence in the developed economies with their preference for OEMs for supply contracts. According to the study, passenger car segment is slated to reign the automotive switches market with over 75 percent share. The rising demand for passenger cars in developing economies will propel the automotive switches market.
Logistics Industry to Propel the Automotive Switches Market as Number of Vehicle Fleet on the Rise
With its important role in driving the steady economic growth, the logistics industry is witnessing an impressive growth trend with favorable government regulations, increasing preference for sharing fleets, and growing emphasis on effective logistics management.Increasing demand for quick delivery and effective inventory management has resulted into a significant rise in the number of vehicle fleet involved in transportation and warehousing.
Browse Full Report with ToC Here:
Manufacturers in the Automotive Switches Market Leverage Opportunity in Two Wheelers Segment as Motorcycle Sales Rises Steadily
The market for two-wheelers is rising steadily while witnessing a stellar demand for motorcycles. According to the U.S. International Trade Commission (USITC), demographic changes led by baby boomers and millennials are driving the sales of motorcycles in the United States. Increasing demand for motorcycles in developing countries such as India, Brazil and ASEAN is likely to influence the growth of the automotive switches market in the two-wheelers segment. In addition, higher demand for original parts and equipment in the two wheelers is expected to present lucrative opportunities for the automotive switches market players.
Automotive Switches Market: Competitive Landscape
Few of the key companies identified in the automotive switches market include Tokai Rika Co, Ltd., LS Automotive Technologies, Hella KGaA Hueck & Co., Panasonic Corporation, Robert Bosch GmbH, TE Connectivity, Honeywell International, ZF Friedrichshafen AG, Omron Corporation, Leopold Kostal GmbH & Co. KG, Toyodenso Co., Ltd., Industrial Engineering Syndicate (INENSY), and Aptiv PLC.
Additional Questions Answered
Along with the aforementioned insights of the automotive switches market, the automotive switches market report also delivers other important market facets.
Have Any Query?? Ask Our Industry Expert
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852