Market Overview:
The global car steering wheel switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global car steering wheel switches market is segmented on the basis of type, application, and region. On the basis of type, it is divided into split switches and modular switches. Split switches are further classified into rocker switch, toggle switch, push button switch, rotary switch, slide switch and others (dipswitch). Modular Switches are further classified into keyless entry system module (KESM), start/stop button module (SSBM), multifunctional steering wheel module (MSWM) and others (audio control panel). On the basis of application, it is divided into passenger vehicle and commercial vehicle segments. Passenger vehicle segment includes hatchbacks & sedans; SUVs & MUVs; luxury cars; sports cars; electric vehicles & hybrid electric vehicles segments whereas commercial vehicle segment includes light commercial vechicles LCV); medium commercial vechicles MCV); heavy trucks (>16t GVW)).
Product Definition:
A car steering wheel switch is a device used to control various features of a car, such as the radio, windshield wipers, and headlights. They are typically located on the steering wheel itself and allow the driver to easily access them while driving. The importance of car steering wheel switches lies in their ability to provide easy control over important features while driving. By keeping these controls within reach, drivers can safely operate their vehicles without having to take their hands off the wheel.
Split:
The steering wheel switches are used in cars to alter the settings of various systems such as air-conditioning, music system and other car functions. The market is expected to witness significant growth over the forecast period owing to increasing demand for luxury vehicles across emerging economies including India and China. Additionally, rising disposable income levels in these countries have also led to an increase in demand for technologically advanced products including steering wheel switches which is further expected to drive market growth over the next seven years.
Modular:
Modular switches are designed to operate reliably in harsh automotive environments. They have a greater operating temperature range, and can be used with any surface coating or material. These switches are available in both non-programmable and programmable varieties, depending on the application requirements.
The market for steering wheel controls is expected to grow at a rapid pace over the forecast period owing to increasing demand from luxury cars as well as commercial vehicles such as buses.
Application Insights:
The passenger vehicle segment dominated the global car steering wheel switches market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for passenger vehicles across various regions, including Asia Pacific, North America and Europe. In addition, technological advancements and new product launches are further expected to propel industry growth during the study period.
For instance, in January 2018 Mercedes-Benz India launched a smartphone app-enabled feature on its cars which enables drivers to control music through their car¢â‚¬â„¢s speakers by simply touching an icon on their phones. Such technological advancements are likely to increase consumers preference for connected cars which in turn will boost demand for steering wheel switches throughout the forecast period.
Commercial vehicle application is also estimated to witness significant growth over the next eight years due largelyto rising demand from construction equipment manufacturers globally as well as locally across countries such as China Japan etc.
Regional Analysis:
North America dominated the global car steering wheel switches market in 2017. The region is expected to witness a considerable growth rate of 5.9% over the forecast period, owing to increasing demand for advanced technologies and growing adoption of electric vehicles in countries such as the U.S., Canada, and Mexico. Furthermore, rising investments by companies such as Continental AG; Magna International Inc.; and Robert Bosch GmbH & Co.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid industrialization along with increasing automobile production in China, India, Japan among other Asian countries that have adopted free trade agreements with North America and Europe Union nations thereby promoting exports from these economies.
Growth Factors:
- Increasing demand for luxury cars
- Rising disposable income of consumers
- Technological advancements in steering wheel switches
- Growing automotive industry worldwide
- Increasing demand for electric and hybrid vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Steering Wheel Switches Market Research Report
By Type
Split, Modular
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
ZF, Delphi, Orman, Alps, Tokai Rika, Valeo, Panasonic, Leopold Kostal, TOYODENSO, Marquardt, ZF, Changjiang Automobile
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Car Steering Wheel Switches Market Report Segments:
The global Car Steering Wheel Switches market is segmented on the basis of:
Types
Split, Modular
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ZF
- Delphi
- Orman
- Alps
- Tokai Rika
- Valeo
- Panasonic
- Leopold Kostal
- TOYODENSO
- Marquardt
- ZF
- Changjiang Automobile
Highlights of The Car Steering Wheel Switches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Split
- Modular
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Car Steering Wheel Switches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Car steering wheel switches are a type of switch that allow the driver to change gears, turn the car, or stop the car.
Some of the key players operating in the car steering wheel switches market are ZF, Delphi, Orman, Alps, Tokai Rika, Valeo, Panasonic, Leopold Kostal, TOYODENSO, Marquardt, ZF, Changjiang Automobile.
The car steering wheel switches market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Steering Wheel Switches Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Car Steering Wheel Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Steering Wheel Switches Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Car Steering Wheel Switches Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Car Steering Wheel Switches Market Size & Forecast, 2020-2028
4.5.1 Car Steering Wheel Switches Market Size and Y-o-Y Growth
4.5.2 Car Steering Wheel Switches Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Split
5.2.2 Modular
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Steering Wheel Switches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Car Steering Wheel Switches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Split
9.6.2 Modular
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Split
10.6.2 Modular
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Split
11.6.2 Modular
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Split
12.6.2 Modular
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Split
13.6.2 Modular
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Car Steering Wheel Switches Market: Competitive Dashboard
14.2 Global Car Steering Wheel Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF
14.3.2 Delphi
14.3.3 Orman
14.3.4 Alps
14.3.5 Tokai Rika
14.3.6 Valeo
14.3.7 Panasonic
14.3.8 Leopold Kostal
14.3.9 TOYODENSO
14.3.10 Marquardt
14.3.11 ZF
14.3.12 Changjiang Automobile
