123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Global Steering Wheel Switches Market

Profile Picture
By Author: Vikas Godage
Total Articles: 155
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Global Wheel Switches Market is expected to reach US$ 5.7 Billion by 2026 from US$ 3.7 Billion in 2016 at CAGR of 4.42%.

Global Wheel Switches Market

Steering wheel switches market is majorly segmented by the product, vehicle, distribution channel and region. Based on vehicle segment, a passenger car is expected to dominate the global steering wheel switches market in 2017. This can be credited to increasing number of applications such as infotainment and driver information. The increasing interest of customers in the sports car and luxury cars is contributing to the growth.

Steering wheel switches can be also segmented based on products, where the push buttons segment held highest market share owing to its high requirement in various applications. For instance, in June 2017, Honda demonstrated its new product Acura RLX sedan car, the driver will be able to shift into self-driving mode by using push button employed on the steering wheel.

The rise in the number of accident rates is observed due to the distraction of driver for operating distinct functions in the vehicle. Manufacturers have analyzed that controls on the steering wheel will enhance the safety of the driver and its passengers. The added safety features will help in enhancing the Steering Wheel Switches Market.

Applications such as infotainment, ADAS, onboard computer, and telephone among others is increasing the demand for the number of switches that will offer driver with all controls on his fingertips. In addition to this, it is the reduced size of the product that will further facilitate manufacturers to employ a greater number of buttons thereby boosting overall market demand.

Developed countries such as Germany, France, UK, and the U.S., have high usage of luxury cars and sports cars which employ more than 10 buttons in each vehicle. The substantial increase in sales of these vehicles along with extra comfort features will promote the industry size over the current forecast period. Steering wheel switches market size is also predicted to foster globally due to customization per vehicle along with changing customer preferences in style trends.

In terms of region, Wheel Switches Market is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia-Pacific held the highest market in 2017. The rising automobile production across the region, especially in emerging economies such as India and China along with a presence of multiple component manufacturers in the region is fuelling regional growth of Steering Wheel Switches Market.

Key player across the Steering Wheel Switches industry are Delphi, ZF, Valeo, ALPS, Tokai Rika, and Panasonic Automotive. Industry players are focusing on collaborating with automobile manufacturers. For instance, DAESUNG offers its products to all the vehicles of Kia, Nissan, and Hyundai. Industry participants witness intense competition level from local manufacturers as they offer similar products in lower rates. Moreover, players are required to focus on online product sales via various e-commerce websites such as E-bay, Amazon, dhgate, Autozone, etc. and the online channel may support in rising sales for individual customers.

For More Information Visit: https://www.maximizemarketresearch.com/market-report/steering-wheel-switches-market/12105/

The Scope of the Steering Wheel Switches Market:

Global Steering Wheel Switches Market, by Product:

• Push
• Seesaw
Global Steering Wheel Switches Market, by Vehicle:

• Passenger Vehicle (PCV)
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
Global Steering Wheel Switches Market, by Distribution Channel:

• OEM
• Aftermarket
Global Steering Wheel Switches Market, by Geography:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Steering Wheel Switches Market:

• Delphi
• ZF
• Valeo
• ALPS
• Tokai Rika
• Panasonic Automotive
• Kia
• Nissan
• Hyundai
• Max Orman Toyota
• Valeo
• Leopold Kostal
• TOYO DENSO
• Marquardt

This Report Is Submitted By @Global Market Research Company

Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact Us:
Name: Saurabh Gandhi
Organization: MAXIMIZE MARKET RESEARCH
Email: sales@maximizemarketresearch.com
Contact: +91 9607365656

Total Views: 38Word Count: 685See All articles From Author

Add Comment

Business Articles

1. Lhrf50assy | Eaton Lighthouse Pedestal Retro-fit Conversion Kits
Author: Devin Herz

2. Socrates Vasiliades |avima Iron Ore
Author: Socrates Vasiliades

3. Types Of Heavy Equipment You Can Hire For Your Business Operations
Author: Mantikore Cranes

4. Release Coatings Market Size, Share, Growth | Covid -19 Impact Analysis, Demand And Forecast 2023
Author: mrfr

5. Sap Concur Solutions | Sap Concur Expense Management And Web Services | Concur Aws | Erp Logic
Author: ERPLogic

6. Beautiful Tallit For Women To Grace Any Religious Event
Author: Galilee Silks

7. Why Language Translation Services Are Important?
Author: Fayeem

8. Importance Of Translation Services In The World
Author: Fayeem

9. Importance Of Hindi Translation In The Travel And Tourism Industry
Author: Fayeem

10. How Are Translation Services Becoming More Important Every Day?
Author: Fayeem

11. Gain More Followers For Your Blog By Employing Translation Companies In Delhi
Author: Fayeem

12. The Best Turnkey Script To Use For A Multi-vendor Store Similar To Etsy
Author: Marcel

13. Office Rubbish Removal In London To Ensure Safe Removal And Disposal Of Junk
Author: Anu Walia

14. What Is The Best Journal To Publish Research Paper?
Author: Ravindra Sharma

15. Thermoplastics Is The Call Of Sustainable Future
Author: Michael Luis

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: