DALLAS, April 10, 2015 /PRNewswire/ –
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“, published by MarketsandMarkets, 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 60 market data Tables and 49 Figures spread through 200 Pages and in-depth TOC on “Automotive Switches“
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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.s
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.
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