Market Overview:
The global truck and bus switch market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles, rising urbanization, and technological advancements. The touch type segment is expected to grow at a higher CAGR than the press type segment during the forecast period. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period.
Product Definition:
A truck and bus switch is a type of switch that is used to direct traffic between trucks and buses. This type of switch is important because it allows for the safe passage of both types of vehicles.
Touch Type:
The touch type is a technology that enables the user to input data through the use of a stylus or finger on an LPD display. The system works by detecting and analyzing multi-touch events and allows users to enter text, numbers, etc. It also helps in performing various operations such as cut, copy paste, zoom in/out functions using capacitive sensors present on the screen.
Press Type:
Press type is a method of manufacturing switches used in the automotive industry. It is also used in other industries such as aerospace, marine, and construction. The basic components of a press type switch are a lever, stem or button which presses on to an actuating pin when activated by an external force.
The most common types of press-type switches are rocker arms (or leafs), pushbuttons and toggle switches.
Application Insights:
The truck application segment led the global market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for heavy-duty trucks, which can transport goods of different sizes and weights. Furthermore, increasing penetration of e-commerce has resulted in a rise in the number of small trucks that can be used for intra-state transportation across countries with diverse topography such as Brazil and Argentina. In addition, technological advancements such as introduction of driver assistance systems by major OEMs are expected to drive overall industry growth over the coming years.
The bus application segment is also estimated to witness considerable growth during the forecast period on account of growing passenger traffic on intercity buses across various regions including North America and Europe due to increased consumer spending power coupled with low cost carrier fares that have been trending since past few years.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The region will expand further at a steady CAGR from 2018 to 2030 due to increasing investments by companies in developing countries, such as China and India. Moreover, rising demand for intercity buses is expected to drive industry growth over the coming years.
North America held a significant share of global truck & bus switch market owing to growing commercial vehicle production and sales coupled with stringent regulations set by government agencies regarding fuel economy of vehicles. Europe also has a considerable presence in this industry on account of high preference towards electric trucks across countries such as Germany, France, Italy among others are expected propel regional growth during the forecast period.
Growth Factors:
- Increasing demand for commercial vehicles: The global market for commercial vehicles is expected to grow at a CAGR of more than 5% during the forecast period. This growth can be attributed to the increasing demand from emerging markets, such as China and India.
- Technological advancements: The truck and bus switch market is witnessing rapid technological advancements, with vendors introducing new products that are compliant with the latest standards and regulations. This is helping to boost the adoption of these switches among Original Equipment Manufacturers (OEMs).
- Growing focus on safety: With governments across the globe focusing on improving road safety, there is an increased demand for advanced safety features in commercial vehicles. Truck and bus switch manufacturers are offering products that meet these requirements, thereby helping to drive growth in this market segment.
- Rising fuel prices: The hike in fuel prices has led fleet operators to adopt energy-efficient technologies in their vehicles, including truck and bus switches. This is resulting in increased demand for these switches from OEMs worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck and Bus Switch Market Research Report
By Type
Touch Type, Press Type
By Application
Truck, Bus
By Companies
C&K, APEM, Omron, Panasonic, Alps, Parallax, E-Switch, TE Connectivity, Bourns, CTS, EAO, Graviitech, Grayhill, Marquardt
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Truck and Bus Switch Market Report Segments:
The global Truck and Bus Switch market is segmented on the basis of:
Types
Touch Type, Press Type
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
Truck, Bus
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:
- C&K
- APEM
- Omron
- Panasonic
- Alps
- Parallax
- E-Switch
- TE Connectivity
- Bourns
- CTS
- EAO
- Graviitech
- Grayhill
- Marquardt
Highlights of The Truck and Bus Switch 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:
- Touch Type
- Press Type
- By Application:
- Truck
- Bus
- 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 Truck and Bus Switch 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?
A truck and bus switch is a move of freight between trucks and buses.
Some of the major companies in the truck and bus switch market are C&K, APEM, Omron, Panasonic, Alps, Parallax, E-Switch, TE Connectivity, Bourns, CTS, EAO, Graviitech, Grayhill, Marquardt.
The truck and bus switch 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 Truck and Bus Switch 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 Truck and Bus Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck and Bus Switch 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 Truck and Bus Switch 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 Truck and Bus Switch Market Size & Forecast, 2018-2028
4.5.1 Truck and Bus Switch Market Size and Y-o-Y Growth
4.5.2 Truck and Bus Switch Market Absolute $ Opportunity
Chapter 5 Global Truck and Bus Switch 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 Truck and Bus Switch Market Size Forecast by Type
5.2.1 Touch Type
5.2.2 Press Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Truck and Bus Switch 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 Truck and Bus Switch Market Size Forecast by Applications
6.2.1 Truck
6.2.2 Bus
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck and Bus Switch 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 Truck and Bus Switch 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 Truck and Bus Switch Analysis and Forecast
9.1 Introduction
9.2 North America Truck and Bus Switch 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 Truck and Bus Switch Market Size Forecast by Type
9.6.1 Touch Type
9.6.2 Press Type
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 Truck and Bus Switch Market Size Forecast by Applications
9.10.1 Truck
9.10.2 Bus
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 Truck and Bus Switch Analysis and Forecast
10.1 Introduction
10.2 Europe Truck and Bus Switch 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 Truck and Bus Switch Market Size Forecast by Type
10.6.1 Touch Type
10.6.2 Press Type
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 Truck and Bus Switch Market Size Forecast by Applications
10.10.1 Truck
10.10.2 Bus
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 Truck and Bus Switch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck and Bus Switch 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 Truck and Bus Switch Market Size Forecast by Type
11.6.1 Touch Type
11.6.2 Press Type
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 Truck and Bus Switch Market Size Forecast by Applications
11.10.1 Truck
11.10.2 Bus
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 Truck and Bus Switch Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck and Bus Switch 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 Truck and Bus Switch Market Size Forecast by Type
12.6.1 Touch Type
12.6.2 Press Type
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 Truck and Bus Switch Market Size Forecast by Applications
12.10.1 Truck
12.10.2 Bus
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) Truck and Bus Switch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck and Bus Switch 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) Truck and Bus Switch Market Size Forecast by Type
13.6.1 Touch Type
13.6.2 Press Type
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) Truck and Bus Switch Market Size Forecast by Applications
13.10.1 Truck
13.10.2 Bus
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 Truck and Bus Switch Market: Competitive Dashboard
14.2 Global Truck and Bus Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 C&K
14.3.2 APEM
14.3.3 Omron
14.3.4 Panasonic
14.3.5 Alps
14.3.6 Parallax
14.3.7 E-Switch
14.3.8 TE Connectivity
14.3.9 Bourns
14.3.10 CTS
14.3.11 EAO
14.3.12 Graviitech
14.3.13 Grayhill
14.3.14 Marquardt
