Dublin, May 18, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/p7x9px/automotive) has announced the addition of the "Automotive Switches Market by Type, Automotive Application, and Region - Global Trends and Forecast to 2019" report to their offering.
The global automotive switches market is estimated to grow at a promising rate of 5.9% from 2014-2019, following growth in the global vehicle production and sales volume.
Asia-Oceania was estimated to be the largest market in terms of volume for automotive switches in 2014. China, Japan, and South Korea are the main contributors to the automotive switches market in Asia-Oceania. Several OEMs are expanding in the Asia-Oceania region to cater to the sizable demand in the region. The penetration of touchpad switches is less in the commercial vehicles in China and India as compared to the same in western countries such as U.S. Canada, Germany, U.K., and others. North America was estimated to be the second largest market in terms of volume for switches in 2014, following increased production of vehicles in the region.
The market for button switches is estimated to have the highest market share in the global automotive switches market, following increasing installation of electronic systems in passenger cars as well as commercial vehicles.
High demand for switches, growth in commercial and passenger vehicles sales, and increasing installation of switches are the main drivers of the automotive switches market. The automotive switches market has witnessed decent growth in developing countries, as well as developed ones. The global automotive switches market, in terms of volume, was estimated to be at 500.4 million units in 2014. The automotive switches market is growing at a significant rate in North America and Asia-Oceania, owing to increase in vehicle production and sales, while the European and RoW markets are estimated to grow at a decent rate.
The global automotive switches market is dominated by major players such as Continental Group (Germany), Delphi Automotive PLC. (U.K.), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), and TRW Automotive (U.S.).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Automotive Switches Market, By Type
7 Global Automotive Tire Market, By Automotive Application
8 Global Automotive Switches Market, By Region
9 Competitive Landscape
10 Company Profiles
- ALPS Electric Co., Ltd.
- Continental Group
- Delphi Automotive PLC
- Hella Hueck Kgaa
- Omron Corporation
- Panasonic Corporation
- Robert Bosch GMBH
- Tokai Rika Co. Ltd.
- TRW Automotive
- ZF Friedrichshafen AG
For more information visit http://www.researchandmarkets.com/research/p7x9px/automotive