Product Code: ETC175007 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Steering Wheel Switches are used to control various vehicle functions from the steering wheel. These switches typically control audio or navigation systems, as well as other safety and convenience features in vehicles. Such switches are becoming increasingly popular in Indonesia due to their convenience and ease of use for drivers.
The Indonesia market for steering wheel switches is expected to witness a steady growth in the coming years owing to factors such as increasing sales of passenger cars across the country, technological advancements that have led to more feature-packed models being introduced into the market, and government initiatives encouraging automotive manufacturers to produce cost-effective yet sophisticated models with improved safety features. In addition, increased demand for passenger cars among consumers has also created opportunities for companies offering steering wheel switches in Indonesia.
Growing demand for luxury vehicles across Southeast Asian countries including Indonesia will remain one of the primary drivers behind the growth of this market over forecast period 2020?2025. Exponential rise in disposable incomes along with growing preference towards technologically advanced products is anticipated to create lucrative opportunities during forthcoming years leading up until 2025. Moreover, rising consumer awareness regarding vehicle safety coupled with stringent regulations followed by several governments are also aiding overall industry expansion over next five years throughout Asia Pacific region including Indonesia which will further drive regional market growth through year 2025 end date time frame.
The COVID-19 pandemic has had a major impact on the Indonesia steering wheel switches market. The rapid spread of the virus has caused global economic uncertainty, resulting in decreased consumer spending and corporate investments, leading to lower demand for automotive components such as steering wheel switches. This is compounded by reduced production capacity due to supply chain disruptions which further exacerbated the situation. In addition, travel restrictions have resulted in fewer people traveling by car, reducing overall demand for cars and associated components such as steering wheel switches.
The main challenge facing the Indonesia steering wheel switches market is overcoming current macroeconomic conditions caused by COVID-19 that are impacting both manufacturers and customers alike. Other challenges include increasing competition from local producers as well as international suppliers offering comparable products at more competitive prices than traditional domestic suppliers. Additionally, there may be difficulties integrating new technologies into existing systems while ensuring product quality remains high enough to meet customer requirements. Finally, government regulations specifically related to automotive parts must also be taken into consideration when operating within this sector of the industry.
Some of the key players operating in Indonesia Steering Wheel Switches Market include Delphi Automotive PLC., Johnson Electric Holdings Limited., ZF Friedrichshafen AG., Lear Corporation Incorporated., Robert Bosch GmbH & Co KG., Aisin Seiki Co Ltd., Continental AG., Denso Corporation etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Steering Wheel Switches Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Steering Wheel Switches Market Revenues & Volume, 2020 & 2030F |
3.3 Indonesia Steering Wheel Switches Market - Industry Life Cycle |
3.4 Indonesia Steering Wheel Switches Market - Porter's Five Forces |
3.5 Indonesia Steering Wheel Switches Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Indonesia Steering Wheel Switches Market Revenues & Volume Share, By Vehicle, 2020 & 2030F |
3.7 Indonesia Steering Wheel Switches Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Indonesia Steering Wheel Switches Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Steering Wheel Switches Market Trends |
6 Indonesia Steering Wheel Switches Market, By Types |
6.1 Indonesia Steering Wheel Switches Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Steering Wheel Switches Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Indonesia Steering Wheel Switches Market Revenues & Volume, By Push, 2020-2030F |
6.1.4 Indonesia Steering Wheel Switches Market Revenues & Volume, By Seesaw, 2020-2030F |
6.2 Indonesia Steering Wheel Switches Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Steering Wheel Switches Market Revenues & Volume, By PCV, 2020-2030F |
6.2.3 Indonesia Steering Wheel Switches Market Revenues & Volume, By LCV, 2020-2030F |
6.2.4 Indonesia Steering Wheel Switches Market Revenues & Volume, By HCV, 2020-2030F |
6.3 Indonesia Steering Wheel Switches Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Steering Wheel Switches Market Revenues & Volume, By OEM, 2020-2030F |
6.3.3 Indonesia Steering Wheel Switches Market Revenues & Volume, By Aftermarket, 2020-2030F |
7 Indonesia Steering Wheel Switches Market Import-Export Trade Statistics |
7.1 Indonesia Steering Wheel Switches Market Export to Major Countries |
7.2 Indonesia Steering Wheel Switches Market Imports from Major Countries |
8 Indonesia Steering Wheel Switches Market Key Performance Indicators |
9 Indonesia Steering Wheel Switches Market - Opportunity Assessment |
9.1 Indonesia Steering Wheel Switches Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Indonesia Steering Wheel Switches Market Opportunity Assessment, By Vehicle, 2020 & 2030F |
9.3 Indonesia Steering Wheel Switches Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Indonesia Steering Wheel Switches Market - Competitive Landscape |
10.1 Indonesia Steering Wheel Switches Market Revenue Share, By Companies, 2023 |
10.2 Indonesia Steering Wheel Switches Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |