Market Overview:
The global truck 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 and the rising trend of automation in the automotive industry. The global truck switch market is segmented on the basis of type, application, and region. On the basis of type, it is divided into touch type and press type switches. Touch type switches are further classified into rocker switches, toggle switches, slide switches, pushbutton switches, keylock Switches and rotary encoder Switches while press types are categorized as microswitches and limit Switches .On the basis of application , it is segmented into heavy trucks and light trucks . Some of key players operating in this market include TE Connectivity Ltd., Panasonic Corporation,, Omron Corporation,, Honeywell International Inc.
Product Definition:
A truck switch is a railroad switch that permits trains to move from one track to another without having to use a crossover. It is so named because it is located at the point where trucks (i.e., locomotives) are switched between tracks.
Touch Type:
The global touch type market is expected to grow at a CAGR of XX% from 2018 to 2025. Touch type was initially developed for use in computer systems and has since found its way into smartphones, tablets, and other consumer electronic devices. The technology is now poised for growth as several OEMs are looking to leverage the screen size on mobile devices by developing touch-enabled trucks that can be used in commercial applications ranging from parking lots to highways.
Press Type:
Press type is a device used in the manufacturing of switches and it's majorly used in automotive industry. It is also applicable in other industries like aerospace, marine, etc. where there are requirements for momentary action or contact closure of circuit.
In normal operation mode, a normally open switch would be activated by electric current flow through it and when no current flows through the switch it will automatically go into standby or closed position.
Application Insights:
The light truck segment held the largest share of over 60.0% in 2017. The growth can be attributed to the growing demand for light trucks for commercial purposes, such as moving furniture and large musical instruments across cities. Furthermore, increasing penetration of e-commerce has led to an increase in the number of small trucks that deliver goods from a warehouse to customers¢â‚¬â„¢ homes on a daily basis. This is expected to drive product demand over the forecast period.
The heavy truck application segment is projected register notable gains owing to its increased useage in international trade activities, construction activities.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to increasing demand for heavy and medium-weight commercial vehicles. The U.S., being a major automobile manufacturing hub, has a well-established automotive industry that contributes significantly towards economic growth of the region. Thus, it has become an important sector for manufacturers across all categories and weights as they cater to various end-use industries such as transportation, construction, warehousing & distribution among others.
Asia Pacific is anticipated to be one of the fastest growing regions due to rising disposable income coupled with expanding application scope across numerous segments including freight forwarding and parcel delivery services in economies such as China and India among others will drive demand over the next eight years (2030). Moreover, government initiatives encouraging investments through tax benefits are projectededto boost sales volume within this region during same period (2030).
Growth Factors:
- Increasing demand for transportation and logistics services due to globalization and rising trade volumes.
- Growing urbanization and industrialization, which is resulting in an increase in freight traffic.
- Proliferation of e-commerce and the growth of last-mile delivery services, which is leading to an increase in demand for trucking services.
- The development of autonomous trucks, which could lead to a reduction in the cost of trucking operations and increased efficiency on the roadways.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Switch Market Research Report
By Type
Touch Type, Press Type
By Application
Heavy Truck, Light Truck
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Truck Switch Market Report Segments:
The global Truck 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
Heavy Truck, Light Truck
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 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:
- Heavy Truck
- Light Truck
- 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 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
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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 truck switch is a process that allows trucks to move between lanes of traffic on the same roadway.
Some of the key players operating in the truck switch market are C&K, APEM, Omron, Panasonic, Alps, Parallax, E-Switch, TE Connectivity, Bourns, CTS, EAO, Graviitech, Grayhill, Marquardt.
The truck switch 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 Truck 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 Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck 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 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 Switch Market Size & Forecast, 2018-2028
4.5.1 Truck Switch Market Size and Y-o-Y Growth
4.5.2 Truck Switch Market Absolute $ Opportunity
Chapter 5 Global Truck 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 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 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 Switch Market Size Forecast by Applications
6.2.1 Heavy Truck
6.2.2 Light Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck 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 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 Switch Analysis and Forecast
9.1 Introduction
9.2 North America Truck 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 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 Switch Market Size Forecast by Applications
9.10.1 Heavy Truck
9.10.2 Light Truck
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 Switch Analysis and Forecast
10.1 Introduction
10.2 Europe Truck 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 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 Switch Market Size Forecast by Applications
10.10.1 Heavy Truck
10.10.2 Light Truck
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 Switch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck 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 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 Switch Market Size Forecast by Applications
11.10.1 Heavy Truck
11.10.2 Light Truck
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 Switch Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck 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 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 Switch Market Size Forecast by Applications
12.10.1 Heavy Truck
12.10.2 Light Truck
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 Switch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck 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 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 Switch Market Size Forecast by Applications
13.10.1 Heavy Truck
13.10.2 Light Truck
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 Switch Market: Competitive Dashboard
14.2 Global Truck 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
