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    Steering Wheel Switches Market Report

    Steering Wheel Switches Market Report
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    Steering Wheel Switches Market Size, Share, Trend, Forecast, & Industry Analysis &ndas See more...

    Impact of COVID-19 on Steering Wheel Switches Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Steering Wheel Switches Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Steering Wheel Switches market is likely to grow at a steady CAGR of 2.8% over the next five years. Rapid transformation and advancements in vehicle design to offer increased safety, advanced features with minimal manual operation coupled with exponential growth in electric vehicles market is likely to boost the steering wheel switches market over the next five years.

    Steering Wheel Switches Market – Snapshot

    Growth

    2.8% for the next five year

    Major Product Type

    Push

    Dominant Vehicle Type

    Passenger Car

    Region with the highest demand

    Asia-Pacific

    Key Players

    ALPS Alpine Co., Ltd., C&K Components, Inc., COBO S.p.A., Delphi Technologies, GSK InTek Co., Ltd., Leopold Kostal GmbH & Co. KG, Marquardt GmbH, Panasonic Corporation, Standard Motor Products, Inc., Tokai Rika Co., Ltd.

    Segment Analysis

    Steering-Wheel-Switches-Market-Dominant-Segments

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    Steering Wheel Switches Market Share: By Vehicle Type

    Based on the vehicle type, the steering wheel switches market is segmented as passenger car, light commercial vehicle (LCV), and medium- and heavy-duty vehicle (M&HCV). Passenger car is expected to remain dominant as well as the fastest-growing segment of the market over the next five years, owing to its introduction of several new technologies in the vehicle type, such as infotainment systems and ADAS systems.

    Steering Wheel Switches Market Share: By Region

    In terms of region, Asia-Pacific is likely to maintain its supremacy in the market during the forecast period. The region is also expected to grow at the fastest rate during the same period, mainly driven by China, India, and Japan. Rapid industrialization, transformation, and globalization coupled with increasing government initiatives of the major economies towards indigenous and local manufacturing is boosting the manufacturing sector, which in turn, is augmenting higher growth in the market during the forecast period.  

    Steering-Wheel-Switches-Market-By-Region

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    Market Scope & Segmentation

    Steering wheel switches are the switches embedded on the steering wheel of a car in-order to provide easy operation to the person driving the car. It is generally classified into two types, viz push type and see-saw type.

    Steering wheel switches increase the safety of the individuals by reducing distraction of the driver and also by minimizing the number of buttons for operation.  

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Steering Wheel Switches Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    12

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The steering wheel switches market is segmented into the following categories. 

    Steering Wheel Switches Market Size, Share, & Forecast, by Vehicle Type:

    • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • LCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • M&HCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Steering Wheel Switches Market Size, Share, & Forecast, by Product Type:

    • Push (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • See-Saw (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Steering Wheel Switches Market Size, Share, & Forecast, by Distribution Channel Type:

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Steering Wheel Switches Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Steering-Wheel-Switches-Market-Segmentation

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    Key Players

    Some of the major players in the steering wheel switches market are-

    • ALPS Alpine Co., Ltd.
    • C&K Components, Inc.
    • COBO S.p.A.
    • Delphi Technologies
    • GSK InTek Co., Ltd.
    • Leopold Kostal GmbH & Co. KG
    • Marquardt GmbH
    • Panasonic Corporation
    • Standard Motor Products, Inc.
    • Tokai Rika Co., Ltd. 

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by distribution channel type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The steering wheel switches market is expected to witness a growth of 2.8% CAGR in the foreseeable future.

    ALPS Alpine Co., Ltd., C&K Components, Inc., COBO S.p.A., Delphi Technologies, GSK InTek Co., Ltd., Leopold Kostal GmbH & Co. KG, Marquardt GmbH, Panasonic Corporation, Standard Motor Products, Inc., Tokai Rika Co., Ltd are among the key players in the Steering Wheel Switches Market.

    Asia-pacific is expected to maintain its supremacy in the steering wheel switches market during the forecast period of 2021-26.

    The passenger car is expected to remain dominant vehicle type in the steering wheel switches market in the coming five years.

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