Press Release / Automotive / Automotive Switches Market worth 666.6 Million Units by 2019

Automotive Switches Market worth 666.6 Million Units by 2019

The report “Automotive Switches Market by Type (Knob, Lever, Button & Touchpad), Automotive Application (HVAC, Indicator, Electronic, Engine Management & Other Systems), and Region (North America, Europe, Asia-Oceania, & RoW) - Global Trends and Forecast to 2019”, defines and segments the automotive switches market with analysis and forecast of the global volume and value. The automotive switches market, in terms of volume, is projected to grow at a CAGR of 5.9% from 2014–2019 and reach 666.6 million units by 2019
Browse 71 market data tables and 57 figures spread through 148 pages and in-depth TOC on “Automotive Switches Market.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=236022802
Early buyers will receive 10% customization on reports.
Asia-Oceania: Highest market share in the automotive switches market
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 2014–2019.
Europe: Potential market in Eastern Europe
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 2014–2019.
North America: Increased vehicle production in Mexico
The North America region comprises of countries such as the U.S., Canada, and Mexico, and is also a matured automotive market. However, OEMs are setting up manufacturing facilities in Mexico, given the cheap labor and lower cost of vehicle production. 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 2014–2019.
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 2014–2019.
The report also shows an overview of the technical as well as other important aspects of the automotive switches market. It includes analysis of value chain, Porter’s Five Forces analysis, PEST analysis, competitive landscapes, and company profiles. In addition to this, 10 key players of the automotive switches industry have also been profiled.
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=236022802
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’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.
Contact:
Mr. Rohan
MarketsandMarkets™ INC
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com