Global Automotive Switch Market - Analysis of Growth, Trends Progress and Challenges (2016-2021)
|出版商||Mordor Intelligence LLP||商品編碼||363377|
|全球汽車用交換器市場:成長、趨勢、課題分析 Global Automotive Switch Market - Analysis of Growth, Trends Progress and Challenges (2016-2021)|
|出版日期: 2016年06月01日||內容資訊: 英文||
The Automotive Switch Market is expected to grow at a CAGR of 8.59% touch $X.XX billion by the year 2020. Automobile Switches have become an important indicator of a vehicles quality. Buyers across all segments expect a certain plastic and switch quality in their automobiles. This trend is prevalent even in the economy vehicles of the Asia Pacific and Middle East Region. Some countries in the Asia Pacific put heavy taxes on automobiles, which make them expensive as compared to their original value. Subsequently, the expectations of customers rise even in budget cars segment. Defective switches can become a big problem for the automobile manufacturers and their reputation. General Motors had to recall 15.3 million cars in 2014, to replace defective ignition switches and keys. The recalls affected the company financially and also dented their reputation amongst customers.
Button Type switches control the market for automotive switches and held close to 1/3rd of the total market share in 2015. But the touch pad switches will record the highest CAGR growth, on account of rising penetration in the commercial and passenger vehicles in the emerging markets. Especially the commercial vehicles in the emerging markets do not have major use for touch pad switches. But this will rise, which will boost the market for automotive switches. Asia Pacific market will be the fastest growing and will be led by countries such as India, Vietnam and Indonesia. The automotive sector in these countries is expected to experience strong growth in sales of vehicles. The European Market will show strong growth till the forecast period, but when seen historically, the number is still around the one seen before the global economic crisis during the last decade. Africa is expected to emerge as a good market post 2020, as rising disposable incomes and improving infrastructure will encourage more people to own automobiles. Nigeria will emerge as one of the key markets in the region post 2020.
Bosch, Delphi Automotive and TRW Automotive are some of the important players in the Automotive Switches Market. The market has been segmented by switch type (Knob, Button, Touchpad, Others), by Application (Indicator System Switches, Electronic System Switches, HVAC, EMS Switches, Others) and by Geography (North America, South America, Europe, Middle East & Africa and Asia Pacific).