Push Buttons And Signaling Devices Market
Push Buttons and Signaling Devices Market Forecasts to 2028 - Global Analysis By Product Type (Push Buttons, Lighted or Non Lighted Buttons, Square and round body buttons and Other Product types), By End User (Automotive, Energy and Power, Manufacturing and Other End Users) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $2.14 BN |
|
Projected Year Value (2028) |
US $3.09 BN |
|
CAGR (2022 - 2028) |
6.3% |
|
Regions Covered |
North America, Europe, Asiap Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Push Buttons and Signalling Devices Market is accounted for $2.14 billion in 2022 and is expected to reach $3.09 billion by 2028 growing at a CAGR of 6.3% during the forecast period. A push button is designed to fit a human finger or hand and is typically made of a hard material, such as plastic or metal. Signaling devices typically raise an alarm to indicate an alert. Depending on the requirement, application, and surroundings, the alarm can also be visual or audible. Controls that govern some processor equipment features mounted in sectors include Push Buttons and signaling.
According to the United Nations of Industrial Development Organization, the global manufacturing output increased by 5.7% in the third quarter of 2021 compared to the previous quarter, following a 17.7% gain in the preceding quarter. Such high growth in the manufacturing sector may drive the pushbutton and signaling devices market.
Market Dynamics:
Driver:
Increased usage in Automotive Industry
Demand for Push Buttons and switches is expected to be driven by the automotive industry. Push Buttons are commonly used in vehicles to implement keyless entry. Push-button ignition is being adopted by many automobile manufacturers due to its convenience and dependability. Automobile manufacturers are focusing on improving vehicular safety as the number of road accidents and internal vehicle damages rise. The most common signalling devices are panel lights and horns. Moreover, governments all over the world are enacting regulations to improve vehicle driver safety. As a result, automakers are focusing on developing innovative solutions to protect vehicles, which is driving market growth.
Restraint:
High Capital Investments
Increasing capital investment in infrastructure and automation, as well as high costs associated with inspection and maintenance of these devices, will likely act as market restraints for the growth of Push Buttons and signalling devices during the forecast period. Technological advancements and the presence of low-cost safety device manufacturers will be the most critical and immediate challenges to the market's growth.
Opportunity:
Rising industry safety regulations
Rising industry safety regulations are a critical market driver. Accidents are common in today's industries. Machinery failure, accidents, and other tragedies are all too common. However, safety is becoming increasingly important. As a result, governments are enforcing stringent industrial safety regulations. As a result, Push Buttons and Signaling Devices are gaining traction across a variety of industries, including food and beverage, chemical, and oil industries, fueling market growth.
Threat:
Entry of new technology
Due to global technological advancements, there are numerous opportunities for new players to enter the market with different innovations. The emergence of touch-based machine interface buttons in a few applications, such as automotive and machine control, is an indicator of substitute technology that is expected to be a major threat during the forecast period to the Push Buttons and signaling devices market.
Covid-19 Impact
COVID-19 has had a negative impact on a number of industries around the world. Lockdowns implemented in many countries have slowed vehicle production and forced the closure of small-scale businesses, negatively impacting the automobile industry's adoption of push buttons and signalling devices. COVID-19 has hampered the market's expansion. By August 2020, German industrial orders had nearly returned to pre-pandemic levels, while Italian industrial production had nearly returned to last year's levels. As a result, market demand is increasing.
The Automotive segment is expected to be the largest during the forecast period
During the forecast period, the automotive segment will have the largest market share owing to the addition of features such as video surveillance and strobe lights. All newly manufactured vehicles include emergency lighting. This is expected to fuel market growth. Demand is expected to be driven by such extended applications and the longevity of the serviceable life. Furthermore, these devices are reasonably priced, making them an affordable solution for vehicles. As a result, automakers are focusing on developing innovative solutions to protect vehicles.
The Food and Beverage segment is expected to have the highest CAGR during the forecast period
During the forecast period, the food and beverage segment is expected to have the fastest CAGR. In the food and beverage industry, signalling devices are extensively used in order to store food items at a specific temperature and in cold storage. These devices will alert workers if there is a change or fluctuation. As a result, they can avoid food spoilage or waste. RTD sensors and temperature transmitter solutions are some of the examples. Moreover, the increased production levels of FMCG goods lead to a demand for push buttons and signaling devices.
Region with largest share:
During the forecast period, North America is expected to be the largest region. Because of the growing automation in manufacturing plants and petrochemical units, which require monitoring systems in hazardous locations. North America is one of the most important regions in the signalling devices market, contributing the most revenue globally. Companies such as Toyota, Lexus, Ford, Nissan, and BMW are among the automakers in the United States that are releasing new vehicles with keyless entry. As a result, the use of push buttons and signalling devices in the automotive segment in this region has increased.
Region with highest CAGR:
The Asia-Pacific region is expected to register the highest CAGR during the forecast period due to the growing acceptance of mechanisation and comparable advances in manufacturing plants that have increased the demand for push buttons and signalling devices in the region. Additionally, unofficial laws favouring worker security in agricultural nations such as Taiwan, India, and South Korea are also expected to fuel market growth.
Key players in the market
Some of the key players profiled in the Push Buttons and Signaling Devices Market include Nuova ASP Srl, Omron Corporation, Oslo Switch Inc., Potter Electric Signal Company, LLC, Robert Bosch GmbH, Rockwell Automation, Inc., Kurin, Inc., Siemens AG, Koninklijke Philips Electronics NV, Thomas & Betts Corporation, ABB Ltd., BACO Controls, Inc., Eaton Corporation PLC, Emerson Electric Co., Federal Signal Corporation and Honeywell International Inc. .
Key Developments:
In September 2022, Kurin, Inc., the inventor and manufacturer of the Kurin blood culture collection sets, announced full-scale manufacturing of the Push-button needles. The Advance needle was tested in 2021, has been used in Kurin accounts since last year, and is now widely available.
In March 2018, Push buttons are used at traffic signals to crossroads in Navi Mumbai which is part of the walkability project of the Navi Mumbai Municipal Corporation. For the first time, the city has got pedestrian push buttons at traffic junctions. The initiative will give power to the pedestrians to change the traffic signal to a pedestrian walk sign and allow them to cross the road.
Product Types Covered:
• Push Buttons
• Lighted Or Non Lighted Buttons
• Square And Round Body Buttons
• Audible Signaling Devices
• Visible Signaling Devices
• Signaling Devices
End Users Covered:
• Automotive
• Energy and Power
• Manufacturing
• Food and Beverage
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Push Buttons and Signaling Devices Market, By Product Type
5.1 Introduction
5.2 Push Buttons
5.3 Lighted Or Non Lighted Buttons
5.4 Square And Round Body Buttons
5.5 Audible Signaling Devices
5.6 Visible Signaling Devices
5.7 Signaling Devices
6 Global Push Buttons and Signaling Devices Market, By End User
6.1 Introduction
6.2 Automotive
6.3 Energy and Power
6.4 Manufacturing
6.5 Food and Beverage
6.6 Other End Users
7 Global Push Buttons and Signaling Devices Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Nuova ASP Srl
9.2 Omron Corporation
9.3 Oslo Switch Inc.
9.4 Potter Electric Signal Company, LLC
9.5 Robert Bosch GmbH
9.6 Rockwell Automation, Inc.
9.7 Kurin, Inc
9.8 Siemens AG
9.9 Koninklijke Philips Electronics NV
9.10 Thomas & Betts Corporation
9.11 ABB Ltd.
9.12 BACO Controls, Inc.
9.13 Eaton Corporation PLC
9.14 Emerson Electric Co.
9.15 Federal Signal Corporation
9.16 Honeywell International Inc.
List of Tables
1 Global Push Buttons and Signaling Devices Market Outlook, By Region (2020-2028) ($MN)
2 Global Push Buttons and Signaling Devices Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Push Buttons and Signaling Devices Market Outlook, By Push Buttons (2020-2028) ($MN)
4 Global Push Buttons and Signaling Devices Market Outlook, By Lighted Or Non Lighted Buttons (2020-2028) ($MN)
5 Global Push Buttons and Signaling Devices Market Outlook, By Square And Round Body Buttons (2020-2028) ($MN)
6 Global Push Buttons and Signaling Devices Market Outlook, By Audible Signaling Devices (2020-2028) ($MN)
7 Global Push Buttons and Signaling Devices Market Outlook, By Visible Signaling Devices (2020-2028) ($MN)
8 Global Push Buttons and Signaling Devices Market Outlook, By Signaling Devices (2020-2028) ($MN)
9 Global Push Buttons and Signaling Devices Market Outlook, By End Users (2020-2028) ($MN)
10 Global Push Buttons and Signaling Devices Market Outlook, By Automotive (2020-2028) ($MN)
11 Global Push Buttons and Signaling Devices Market Outlook, By Energy and Power (2020-2028) ($MN)
12 Global Push Buttons and Signaling Devices Market Outlook, By Manufacturing (2020-2028) ($MN)
13 Global Push Buttons and Signaling Devices Market Outlook, By Food and Beverage (2020-2028) ($MN)
14 Global Push Buttons and Signaling Devices Market Outlook, By Other End Users (2020-2028) ($MN)
15 North America Push Buttons and Signaling Devices Market Outlook, By Country (2020-2028) ($MN)
16 North America Push Buttons and Signaling Devices Market Outlook, By Product Type (2020-2028) ($MN)
17 North America Push Buttons and Signaling Devices Market Outlook, By Push Buttons (2020-2028) ($MN)
18 North America Push Buttons and Signaling Devices Market Outlook, By Lighted Or Non Lighted Buttons (2020-2028) ($MN)
19 North America Push Buttons and Signaling Devices Market Outlook, By Square And Round Body Buttons (2020-2028) ($MN)
20 North America Push Buttons and Signaling Devices Market Outlook, By Audible Signaling Devices (2020-2028) ($MN)
21 North America Push Buttons and Signaling Devices Market Outlook, By Visible Signaling Devices (2020-2028) ($MN)
22 North America Push Buttons and Signaling Devices Market Outlook, By Signaling Devices (2020-2028) ($MN)
23 North America Push Buttons and Signaling Devices Market Outlook, By End Users (2020-2028) ($MN)
24 North America Push Buttons and Signaling Devices Market Outlook, By Automotive (2020-2028) ($MN)
25 North America Push Buttons and Signaling Devices Market Outlook, By Energy and Power (2020-2028) ($MN)
26 North America Push Buttons and Signaling Devices Market Outlook, By Manufacturing (2020-2028) ($MN)
27 North America Push Buttons and Signaling Devices Market Outlook, By Food and Beverage (2020-2028) ($MN)
28 North America Push Buttons and Signaling Devices Market Outlook, By Other End Users (2020-2028) ($MN)
29 Europe Push Buttons and Signaling Devices Market Outlook, By Country (2020-2028) ($MN)
30 Europe Push Buttons and Signaling Devices Market Outlook, By Product Type (2020-2028) ($MN)
31 Europe Push Buttons and Signaling Devices Market Outlook, By Push Buttons (2020-2028) ($MN)
32 Europe Push Buttons and Signaling Devices Market Outlook, By Lighted Or Non Lighted Buttons (2020-2028) ($MN)
33 Europe Push Buttons and Signaling Devices Market Outlook, By Square And Round Body Buttons (2020-2028) ($MN)
34 Europe Push Buttons and Signaling Devices Market Outlook, By Audible Signaling Devices (2020-2028) ($MN)
35 Europe Push Buttons and Signaling Devices Market Outlook, By Visible Signaling Devices (2020-2028) ($MN)
36 Europe Push Buttons and Signaling Devices Market Outlook, By Signaling Devices (2020-2028) ($MN)
37 Europe Push Buttons and Signaling Devices Market Outlook, By End Users (2020-2028) ($MN)
38 Europe Push Buttons and Signaling Devices Market Outlook, By Automotive (2020-2028) ($MN)
39 Europe Push Buttons and Signaling Devices Market Outlook, By Energy and Power (2020-2028) ($MN)
40 Europe Push Buttons and Signaling Devices Market Outlook, By Manufacturing (2020-2028) ($MN)
41 Europe Push Buttons and Signaling Devices Market Outlook, By Food and Beverage (2020-2028) ($MN)
42 Europe Push Buttons and Signaling Devices Market Outlook, By Other End Users (2020-2028) ($MN)
43 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Product Type (2020-2028) ($MN)
45 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Push Buttons (2020-2028) ($MN)
46 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Lighted Or Non Lighted Buttons (2020-2028) ($MN)
47 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Square And Round Body Buttons (2020-2028) ($MN)
48 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Audible Signaling Devices (2020-2028) ($MN)
49 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Visible Signaling Devices (2020-2028) ($MN)
50 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Signaling Devices (2020-2028) ($MN)
51 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By End Users (2020-2028) ($MN)
52 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Automotive (2020-2028) ($MN)
53 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Energy and Power (2020-2028) ($MN)
54 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Manufacturing (2020-2028) ($MN)
55 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Food and Beverage (2020-2028) ($MN)
56 Asia Pacific Push Buttons and Signaling Devices Market Outlook, By Other End Users (2020-2028) ($MN)
57 South America Push Buttons and Signaling Devices Market Outlook, By Country (2020-2028) ($MN)
58 South America Push Buttons and Signaling Devices Market Outlook, By Product Type (2020-2028) ($MN)
59 South America Push Buttons and Signaling Devices Market Outlook, By Push Buttons (2020-2028) ($MN)
60 South America Push Buttons and Signaling Devices Market Outlook, By Lighted Or Non Lighted Buttons (2020-2028) ($MN)
61 South America Push Buttons and Signaling Devices Market Outlook, By Square And Round Body Buttons (2020-2028) ($MN)
62 South America Push Buttons and Signaling Devices Market Outlook, By Audible Signaling Devices (2020-2028) ($MN)
63 South America Push Buttons and Signaling Devices Market Outlook, By Visible Signaling Devices (2020-2028) ($MN)
64 South America Push Buttons and Signaling Devices Market Outlook, By Signaling Devices (2020-2028) ($MN)
65 South America Push Buttons and Signaling Devices Market Outlook, By End Users (2020-2028) ($MN)
66 South America Push Buttons and Signaling Devices Market Outlook, By Automotive (2020-2028) ($MN)
67 South America Push Buttons and Signaling Devices Market Outlook, By Energy and Power (2020-2028) ($MN)
68 South America Push Buttons and Signaling Devices Market Outlook, By Manufacturing (2020-2028) ($MN)
69 South America Push Buttons and Signaling Devices Market Outlook, By Food and Beverage (2020-2028) ($MN)
70 South America Push Buttons and Signaling Devices Market Outlook, By Other End Users (2020-2028) ($MN)
71 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Product Type (2020-2028) ($MN)
73 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Push Buttons (2020-2028) ($MN)
74 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Lighted Or Non Lighted Buttons (2020-2028) ($MN)
75 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Square And Round Body Buttons (2020-2028) ($MN)
76 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Audible Signaling Devices (2020-2028) ($MN)
77 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Visible Signaling Devices (2020-2028) ($MN)
78 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Signaling Devices (2020-2028) ($MN)
79 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By End Users (2020-2028) ($MN)
80 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Automotive (2020-2028) ($MN)
81 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Energy and Power (2020-2028) ($MN)
82 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Manufacturing (2020-2028) ($MN)
83 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Food and Beverage (2020-2028) ($MN)
84 Middle East & Africa Push Buttons and Signaling Devices Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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