panasonic

2018 European Switch Market Starts with Sales Up 14% and Bookings 19% Higher than Q4 2017

Total reported sales for all switch categories in Europe for Q1 of 2018 were 14% above the previous quarter and 4% better than first quarter of 2017. Sales units for Q1 2018 came in 14% more than units sold in Q4 and about 4% higher than Q1 2017.

The total booking euros reported for all switch categories in Europe for Q1 2018 ran 19% more than the previous quarter and above Q1 2017’s total bookings by 5%. The fourth quarter’s book-to-bill ratio for euros was 1.112.  Booking units in Q1 2018 were up 11% from Q4 of last year. The fourth quarter’s book-to-bill ratio for units was 1.113.

The first quarter versus the fourth shows total euros and units were up 14%.  The average selling prices (ASP) increased in the majority categories and were nearly unchanged in total.  Q1 compared to a year ago shows gains in euros for five of eight types and a 4% rise in total.  Units rose over 4% in total with increases in all but rockers. ASPs decreased for five of the eight categories and 1% in total.

Sales Growth by Switch Category

Q1 2018 Versus Q4 2017 Q1 2018 Versus Q1 2017
Category Euros Units ASP Euros Units ASP
DIP 8.1% 2.4% 5.6% 14.2% 2.8% 11.1%
Keylock 11.1% 21.0% -8.2% 10.8% 25.0% -11.4%
Push Button -8.4% 8.7% -15.7% -4.7% 5.0% -9.2%
Rocker -6.9% -13.3% 7.3% -13.3% -21.6% 10.5%
Slide 7.1% 1.5% 5.5% 8.2% 0.8% 7.4%
Snap Action 22.6% 19.8% 2.3% 8.8% 5.2% 3.4%
Tact 12.0% 14.8% -2.4% -11.1% 5.4% -15.7%
Toggle 0.9% -7.1% 8.6% 5.5% 8.8% -3.0%
Total 14.1% 14.3% -0.2% 3.6% 4.4% -0.7%

 

When compared to the fouth quarter total bookings were up in euros and units for the majority of types. In total euros grew 19% and units up 11%. The average booking price rose 7% in total with the half of the categories increasing.  Results compared to same quarter last year has euros and units increasing for the majority of categories. In total euros improved 5% and units rose 8% with the ABP declining 2%.

Bookings Growth by Switch Categories

Q1 2018 Versus Q4 2017 Q1 2018 Versus Q1 2017
Category Euros Units ABP Euros Units ABP
DIP 19.8% 49.1% -19.7% 10.8% 7.4% 3.2%
Keylock 9.1% 37.3% -20.6% 3.9% 3.9% -0.0%
Push Button 17.7% 32.6% -11.2% 6.2% 3.8% 2.3%
Rocker 0.3% -4.0% 4.6% 1.4% 0.2% 1.2%
Slide 5.1% 0.4% 4.7% 19.9% 40.2% -14.5%
Snap Action 28.2% 25.0% 2.6% 6.8% 10.2% -3.1%
Tact -1.0% -3.0% 2.0% -6.4% 5.0% -10.9%
Toggle 10.8% 14.4% -3.1% -0.5% 2.4% -2.8%
Total 19.2% 11.2% 7.1% 5.2% 7.9% -2.4%

 

The graph below shows total quarterly indexed sales and bookings in euros and units for the reported data since Q1 CY 2016.  In the last half of 2015 sales and booking metrics fell and Q1 of 2016 produced a significant improvement in all metrics followed by more growth in Q2. In the last two quarters of 2016 all metrics fell off but improved dramatically in 2017. In Q1 booking set 2 year highs, then fell the next 2 quarters and improved in the last quarter. Q1 starts with a new 2 year high in booked euros and units.  Sales Euros set a two year high in Q2 of 2017 and moved lower the balance of the year.  Sales units set a two year high in Q1 as dollars neared Q2 of last year.

 

CY 2016/2018 Total Reported European Switch
Sales & Bookings Indexed
(Q1 2007 = 100)

CY 2016/2018 Total Switch Sales & Bookings Index

Book-to-bill euros and units were at a low in Q3 of 2016.  Both metrics improved the next two quarters, fell in Q2 and Q3 of 20-17, and jumped higher the last two quarter. The ABP-to-ASP ratio has been below 1.0 for seven of the last nine quarters.

CY 2016/2018 Total Reported European Switch Market Ratios

CY 2003/2018 Total Switch Sales & Bookings Index

For the period, indexed booking and selling prices generally trended higher and set a two year high in Q4 of 2016.  Booking price then steadily declined for three quarters and recovered the last two quarters while the selling price declined at a slower pace.

CY 2016/2018  Total Reported European Switch Price Index
(Q1 2007 = 100)

CY 2015/2017 Price Index Total Relay Market

CY 2007/2018  Total Reported European Switch Price Index
(Q1 2007 = 100)

CY 2015/2017 Price Index Total Relay Market

Statements of fact and or opinions expressed in MarketEYE by its contributors are the responsibility of the authors alone and do not imply an opinion of the officers or the representatives of TTI, Inc.

Michael Schwert


Michael Schwert

Michael is the founder of Cumulus, Inc. He has more than 30 years of marketing and sales as well as design experience in the electronic and electrical component industry. Prior to founding Cumulus, he was Director of Marketing for Cherry Electrical Products and held other marketing management positions with Panduit, BRK Electronics, and Ideal Industries.

Cumulus provides market information and consulting services for the global electronic components industry. The company offers three publications: Switch Tracks, a quarterly report with market information on component switches; the Relay Report, a quarterly report with market information on component relays; and Market Notes, a monthly report on sales, bookings, and business conditions in the relay and switch market. Cumulus also manages projects that help leading global suppliers in the relay and switch industry to develop new products and reach new markets.

Schwert provides MarketEYE with monthly articles that include timely and accurate market information for the electromechanical component sector of the electronics industry.

View other posts from Michael Schwert.

EMS Survey WIDE NEW EDIT
Cybord Electronica x
SEHO x
INDI Relion Banner x p
SUBSCRIBE Ad
emsmpuelectronica
EMSNOW MPU Ads
Nov Ads Global Reach x