The North America Automotive Switches Market would witness market growth of 6.7% CAGR during the forecast period (2021-2027). Automotive switches are among the primary parts of a vehicle. These switches control the whole electrical equipment fixed in an automobile.
They play an important role in controlling the automotive lighting and almost all the working in an automotive. Automotive switches are also utilized for engine start & stop and various other automobile functions. The global automotive switches market would witness various growth avenues due to the growing technological advancements and increasing demand for embedding car accessories.
Commercial vehicles play a crucial role in the growing industrialization and urbanization, specifically in the emerging nations around the globe. These vehicles help in the movement of various goods and services, thus, the demand for these vehicles is also increasing. As the electronic switching components are majorly installed in the electrical systems of passenger vehicles, the manufacturers of the commercial vehicle are also installing the increasing number of automotive switches to provide, convenience, comfort and safety in a truck, bus, van, and others. Companies like Carling Technologies have introduced various automotive switches in response to the growing demand for convenient & user-friendly automotive switches in the market. With the growing demand for commercial vehicles across the globe, the demand for automotive switches is set to increase during the forecast period.
The US market dominated the North America Multi-purpose Switches Automotive Switches Market by Country 2020, and would continue to be a dominant market till 2027. The Canada market is showcasing a CAGR of 9.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.6% during (2021 - 2027).
Based on Type, the market is segmented into HVAC Switches, Steering Wheel Switches, Ignition Switches, Multi-purpose Switches, Door & Window Switches, Seat Control Switches, Overhead Console Switches and Others. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on Sales Channel, the market is segmented into Original Equipment Manufacturers and Aftermarket. Based on Design, the market is segmented into Push Switches, Rotary Switches, Toggle Switches, Rocker Switches and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Switches Market is Estimated to Reach USD 43.3 Billion by 2027 at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Alps Alpine Co., Ltd., Panasonic Corporation, ZF Friedrichshafen AG, Valeo SA, Johnson Electric Holdings Limited, HELLA GmbH & Co. KGaA, C&K Components, Inc. (Sun European Partners, LLP), and Toyodenso Co., Ltd.
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