DUBLIN, Sept. 24, 2018 /PRNewswire/ --

The "Global Automotive Relays Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.

The automotive relays market was valued US$ 13.43 Bn in 2017 and estimated to grow with a CAGR of 5.8% during the forecast period from 2018 to 2026.

Advancement in electric cars along with automotive industry achieved significant growth after attaining stability from 2008 and 2011 economic crisis. In 2017, approximately 79 Mn passenger cars were sold and the number is projected to cross 81 Mn mark in 2018 out which 2 Mn cars are expected to be electric.

With automotive sector crossing new milestones, industries associated with the sector such as OEM and aftermarket parts market are also witnessing momentous growth and evidencing further growth in coming years. Automotive relay market is one such market greatly benefited by the surge in demand for automobiles across the globe. The component was not a part of standard automobile earlier, however, modern-day automobiles are sophisticated & complex machines and automotive relays have become an indispensable part of an automobile.

Several automobile relays are used in a single vehicle catering different electric circuits for powertrain, body & chassis, lighting & security and infotainment systems among others. Consequently, flourishing automotive industry acts as a catalyst for bolstering the growth of automotive relays market.

Trends such as intelligent cars, electric cars, and driver assistance require a completely new breed of automotive relays. Perpetual development in manufacturing processes and advanced sensor technology expedited the performance of automotive relays making them suitable for ultra-modern automobiles.

Asia Pacific is home to several automotive giants including Toyota, Honda, Hyundai, Suzuki, and Mitsubishi among others. Flourishing automotive industry Asia pacific propose unmatched growth opportunities to automotive OEMs and other adjacent industries. Companies from all over the world are keen to participate and grab the business opportunities offered by this region. Thus, Asia Pacific emerged as a leader in global automotive relays market and projected to dominate the market throughout the forecast period from 2018 to 2026.

Automotive relay market is one of the most fragmented markets in overall OEM industry. Several international, as well as local automotive relay manufacturers, compete with each other to claim their market share in this highly competitive market. These companies often adopt strategies such as technological innovations and long-term partnership with major automotive manufacturers to provide automotive relays in order to maintain their market positions.

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Market Dynamics

Chapter 4 Global Automotive Relays Market Analysis, by Product Type

Chapter 5 Global Automotive Relays Market Analysis, by Applications

Chapter 6 Global Automotive Relays Market Analysis, by Vehicle Type

Chapter 7 North America Automotive Relays Market Analysis

Chapter 8 Europe Automotive Relays Market Analysis

Chapter 9 Asia Pacific Automotive Relays Market Analysis

Chapter 10 Rest of the World Automotive Relays Market Analysis

Chapter 11 Company Profiles

• ABB Group
• American Zettler, Inc.
• Denso Corporation
• Delphi Automotive LLP
• Eaton Corporation plc
• Fujitsu Limited
• Good Sky Electric Co., Ltd.
• Hella KGaA Hueck & Co. (HELLA)
• IDEC Corporation
• NEC Corporation
• Omron Corporation
• Panasonic Corporation
• Robert Bosch GmbH
• Siemens AG
• TE Connectivity Ltd.

For more information about this report visit

https://www.researchandmarkets.com/research/gtl93r/global_automotive?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-automotive-relays-market-to-2026-300717506.html

SOURCE Research and Markets