Scope of the Study
Steering wheel switches are placed on the center or sides of the steering wheel. These configurable controls are being installed to reduce the distraction of driver. It can be configured with different features such as call pickup, volume up and down, and others. The switches are also integrated to perform the tasks such as cruise control, vehicle mode control and channel control. With developments in design and emergence of electric vehicle, the demand of steering wheel switches is growing.
The market study is being classified by Type (Split and Modular), by Application (HVAC, Indicator System and EMS) and major geographies with country level break-up.
ZF (Germany), Delphi (Ireland), Orman (Belgium), Alps (Japan), Tokai Rika (Japan), Valeo (France), Panasonic (Japan), Leopold Kostal (Germany), TOYODENSO (United Kingdom) and Marquardt (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are LS Automotive (South Korea).
Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Steering Wheel Switch market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Steering Wheel Switch market by Type, Application and Region.
On the basis of geography, the market of Steering Wheel Switch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand of Luxury Vehicles is driving the Market
- Rising Number of Function in Vehicles Is Leading to Increasing Preference of Switches on Steering Wheel
- Rising Standard of Living is leading to Use of Safety Features
- Slow Adoption of Automation May Hamper the Market
- Increasing consumer spending for comfort and safety. The rising disposable income in developing economies is helping the consumers to opt for advanced features in the vehicle. Also, the increased safety and ease of control is contributing to the increase in demand for steering wheel switches.
Market Leaders and their expansionary development strategies
In March 2019, ZF has signed an agreement to acquire WABCO. This acquisition will provide an added value to the commercial vehicle customers.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisation, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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