Market Overview:
The global steering 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 cars and commercial vehicles, and rising demand for aftermarket products. Asia Pacific is expected to be the fastest-growing region in the global steering switches market during the forecast period.
Product Definition:
A steering switch is a device used to control the direction of a vessel, aircraft, or other mobile object. Steering switches are important because they allow the operator to change the direction of travel.
Passenger Car:
Passenger car is a wheeled, road-going vehicle designed for the transport of passengers and is used by individuals for personal purposes. The global passenger car market size was estimated at well over 1 billion units in 2015. Globally, the demand for passenger cars has been witnessing an upsurge with each passing year since 2000; this trend is expected to continue over the forecast period as well.
Commercial Car:
Commercial cars are designed for transporting passengers and goods. They have a wide body, four wheels, and an engine that is used to transport people or goods from one place to another. The most common types of commercial vehicles include trucks, vans, buses, coaches and minibusses. Trucks are the largest type of commercial vehicle used in a majority of applications ranging from transportation of freight & products to passenger travel within a country or across countries.
Application Insights:
OEM application dominated the global steering switches market in 2017, accounting for a share of over 60.0% owing to the extensive use of OEM parts across all major markets including U.S., China, Japan and Germany. The growing importance of OEM parts in most countries has led to an increase in production levels which is eventually passed onto consumers with higher prices.
The aftermarket segment is expected to expand at the fastest CAGR from 2018 to 2030 due to rising product demand as replacement or additional equipment for vehicles sold in secondary and used car markets around the world especially outside North America and Europe where automotive production levels are significantly lower than that seen on these continents. Steering wheel covers, seat belts, airbags among others are some common components that get replaced or added-to after a vehicle sale; hence boosting product sales post-sales service/repair operations worldwide every day.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for automobiles on account of rising disposable income, changing lifestyle, and growing population. China is one of the largest markets in this region owing to rapid industrialization along with a large consumer base. India also presents significant opportunities due to increasing automotive production facilities as well as rising demand from rural areas for commercial vehicles such as trucks and buses.
North America held a substantial share in terms of revenue generation owing to presence of prominent players such as Magna International Inc.; ZF Friedrichshafen AG; Robert Bosch GmbH; Autoliv, Inc.; Johnson Controls LLC; Bendix King do Brasil S/A; Delphi Automotive PLC.
Growth Factors:
- Increasing demand for electric vehicles
- Growing automotive industry
- Rising demand for luxury cars
- Technological advancements in steering switches market
- Growing awareness about safety features in automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Steering Switches Market Research Report
By Type
Passenger Car, Commercial Car, Other
By Application
OEM, After Market
By Companies
Tokai Rika, Toyodenso Co.,Ltd, Merit Automotive Electronics Systems, ZF Friedrichshafen AG, YAMASO, U-Shin Ltd., LS Automotive, Changhui, TRCF, Shiningkey, New Top Industry, Huajie, Daming Automobile, Cosmart, XianLiang (kun shan)Auto Parts, Zhejiang Senxing Auto Parts, Xinda Technology
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Steering Switches Market Report Segments:
The global Steering Switches market is segmented on the basis of:
Types
Passenger Car, Commercial Car, Other
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
OEM, After Market
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:
- Tokai Rika
- Toyodenso Co.,Ltd
- Merit Automotive Electronics Systems
- ZF Friedrichshafen AG
- YAMASO
- U-Shin Ltd.
- LS Automotive
- Changhui
- TRCF
- Shiningkey
- New Top Industry
- Huajie
- Daming Automobile
- Cosmart
- XianLiang (kun shan)Auto Parts
- Zhejiang Senxing Auto Parts
- Xinda Technology
Highlights of The Steering 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:
- Passenger Car
- Commercial Car
- Other
- By Application:
- OEM
- After Market
- 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 Steering 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
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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?
A steering switch is a device that allows the driver to control the direction of a vehicle. Steering switches are typically located on the steering wheel, but they can also be found on the dashboard or in other places near the driver.
Some of the major players in the steering switches market are Tokai Rika, Toyodenso Co.,Ltd, Merit Automotive Electronics Systems, ZF Friedrichshafen AG, YAMASO, U-Shin Ltd., LS Automotive, Changhui, TRCF, Shiningkey, New Top Industry, Huajie, Daming Automobile, Cosmart, XianLiang (kun shan)Auto Parts, Zhejiang Senxing Auto Parts, Xinda Technology.
The steering switches market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steering 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 Steering Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steering 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 Steering 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 Steering Switches Market Size & Forecast, 2020-2028
4.5.1 Steering Switches Market Size and Y-o-Y Growth
4.5.2 Steering 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 Passenger Car
5.2.2 Commercial Car
5.2.3 Other
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 OEM
6.2.2 After Market
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steering 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 Steering 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 Passenger Car
9.6.2 Commercial Car
9.6.3 Other
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 OEM
9.10.2 After Market
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 Passenger Car
10.6.2 Commercial Car
10.6.3 Other
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 OEM
10.10.2 After Market
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 Passenger Car
11.6.2 Commercial Car
11.6.3 Other
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 OEM
11.10.2 After Market
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 Passenger Car
12.6.2 Commercial Car
12.6.3 Other
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 OEM
12.10.2 After Market
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 Passenger Car
13.6.2 Commercial Car
13.6.3 Other
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 OEM
13.10.2 After Market
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 Steering Switches Market: Competitive Dashboard
14.2 Global Steering Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tokai Rika
14.3.2 Toyodenso Co.,Ltd
14.3.3 Merit Automotive Electronics Systems
14.3.4 ZF Friedrichshafen AG
14.3.5 YAMASO
14.3.6 U-Shin Ltd.
14.3.7 LS Automotive
14.3.8 Changhui
14.3.9 TRCF
14.3.10 Shiningkey
14.3.11 New Top Industry
14.3.12 Huajie
14.3.13 Daming Automobile
14.3.14 Cosmart
14.3.15 XianLiang (kun shan)Auto Parts
14.3.16 Zhejiang Senxing Auto Parts
14.3.17 Xinda Technology
