BrandArena: Global Automotive Switches Market Volume to Reach 666.6M by 2019

Tuesday 19 May 2015

Global Automotive Switches Market Volume to Reach 666.6M by 2019

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.

According to Research Report by Market Research Store, the global market volume for automotive switches is projected to reach 666.6 million units by 2019. This market for automotive switches was estimated to be the largest in the Asia-Oceania region, having market share of about -53.7% by volume in 2014. China is a major contributor to the growth of the spark plug market in the Asia-Oceania region.

The global demand for automotive switches market is propelled by increasing demand for light passenger vehicles and heavy duty vehicles. North America held the second position in terms of market size by volume for automotive switches in 2014. Major contributors to this market in the North American region include the U.S., Canada, and Mexico, given the larger vehicle production in these countries.

Countries such as Mexico, Brazil, China, and India are potential markets given the increasing production capacity of vehicles. On the other hand, the automotive switches market of the Asia-Oceania and RoW regions are growing significantly due to increasing vehicle production and sales.

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.). 

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