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Automotive Switch Market Share

  • Report ID: GMI834
  • Published Date: Feb 2020
  • Report Format: PDF

Automotive Switch Market Share

The automotive switch market is highly competitive and is characterized by the presence of major players with strong distribution networks. The leading automotive switch manufacturers include

  • Delphi Technologies
  • Leopold Kostal GmbH & Co. KG
  • Panasonic Automotive Systems Co.
  • Valeo
  • ZF Friedrichshafen AG
  • Marquardt GmbH
  • Preh GmbH

The market players are adopting merger & acquisition and collaboration strategies to innovate new products. This is due to wider adoption of substitutes for automotive switches such as touchscreen panels and gesture recognition systems.

For example, in April 2019, Standard Motor Products, Inc. announced the acquisition of Pollak business of Stoneridge, Inc., an automotive part manufacturer, for around USD 40 million. The company is aiming to expand its business facilities in Canton, MA, El Paso, TX, Juarez, and Mexico while distributing a range of engine management products including automotive switches, sensors, and connectors.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of automotive switch was USD 13 billion in 2019.

The industry share of automotive switch is projected to witness more than 3% growth rate during 2020 to 2026.

Multi-function switch is the fastest-growing segment and is estimated to register a CAGR of 5% through 2026 due to rising demand for steering wheels.

Europe accounts for around 20% market share with anticipated gains of over 3.5% through 2026 owing to presence of several leading luxury car manufacturers such as Daimler AG, Audi, and Porsche.

According to this research report, the HCVs in the industry are expected to witness around 3.5% growth during the forecast period.

Automotive Switch Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 19
  • Tables & Figures: 971
  • Countries covered: 19
  • Pages: 548
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