Press release
Automotive Switches Market Report Forecast by Market Outlook, Capital Investment, Opportunities & Trends 2027
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ - https://www.alliedmarketresearch.com/request-sample/11423
According to a recent report published by Allied Market Research, titled, Automotive Switches Market by Type, Design, Vehicle Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2020-2027,"
The global automotive switches market valued $28,656.1 million in 2019 and is projected to reach $43,269.2 million in 2027, registering a CAGR of 7.6%.
Asia-Pacific dominates the market in terms of revenue, followed by North America, Europe, and LAMEA. China dominated the global automotive switches market share in 2019, and is expected to grow at a significant rate during the forecast period due to rapid development of its automotive industry and presence of robust supply chains.
๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐๐ฒ๐ฑ ๐๐ผ ๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐? ๐๐ป๐พ๐๐ถ๐ฟ๐ฒ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐๐๐ถ๐ป๐ด - https://www.alliedmarketresearch.com/purchase-enquiry/11423
By type, the market is categorized into ignition switches, HVAC switches, steering wheel switches, window switches, overhead console switches, seat control switches, door switches, hazard switches, multi-purpose switches, and others. The HVAC switches segment accounted for the highest revenue in 2019, owing to the rising demand for climate control systems in automobiles across the globe. The global increase in demand for automatic climate control systems is one of the key drivers propelling the growth of automotive switches services.
Moreover, the seat control switches segment is anticipated to witness a significant CAGR over the forecast timeframe as seat control switches offer the convenience of adjusting various positions to the seats of modern luxury vehicles with little effort.
On the basis of design, the market is segregated into rocker switches, rotary switches, toggle switches, push switches, and other switches. The push switches segment dominated the market in 2019, owing to immense popularity gained by pushbuttons in recent years as a start-stop button in automotive. However, rotary switches are becoming immensely popular as they offer superior throw and pole abilities, making them perfect for automatic climate control, entertainment systems, radio frequency selection, and other applications.
On the basis of vehicle type, the market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment dominated the market in 2019, owing to increasing demand for features by car buyers across the world. However, heavy commercial vehicles are expected to witness fastest growth over the forecast period, owing to the rising demand for safety, comfort, and convenience in operating different entities in heavy commercial vehicles across the world.
On the basis of sales channel, the market is bifurcated into original equipment manufacturers and aftermarket. The original equipment manufacturers segment dominated the market in 2019 as they specifically design switches for automobile companies such as Honda Motor Co., Toyota Motor Corporation, Ltd, Hyundai Motor, and other big players. However, the aftermarket segment is expected to witness faster growth over the forecast period as aftermarket automotive switch companies manufacture automotive switches for a wide range of applications for numerous vehicle models.
Key players operating in the global automotive switches market include C&K Switches, Eaton Corporation PLC, INENSY, Johnson Electric Holdings Limited, Leopold Kostal GmbH & Co. Kg, Marquardt GmbH, Preh GmbH, Tokai Rika Co Ltd., Toyodenso Co., Ltd., Valeo, and ZF Friedrichshafen AG.
๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ (410 ๐ฃ๐ฎ๐ด๐ฒ๐ ๐ฃ๐๐ ๐๐ถ๐๐ต ๐๐ป๐๐ถ๐ด๐ต๐๐, ๐๐ต๐ฎ๐ฟ๐๐, ๐ง๐ฎ๐ฏ๐น๐ฒ๐, ๐๐ถ๐ด๐๐ฟ๐ฒ๐) ๐ฎ๐: https://www.alliedmarketresearch.com/automotive-switches-market/purchase-options
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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