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Automotive Seating Market Worth $84.3 Billion by 2020


News provided by

RnR Market Research

27 Oct, 2016, 02:00 GMT

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PUNE, India, October 27, 2016 /PRNewswire/ --

RnRMarketResearch.com adds "Global and China Automotive Seating Industry Report, 2016" and "Europe Automotive Seating Industry 2016 Market Research Report" to its online business intelligence library.

Automotive seating industry, seemingly without technological barriers, is actually a capital-intensive business that does with high-tech expertise. First, automotive seating plants are usually adjacent to car factories, for the products are too large to be transported easily. Therefore, as carmakers add a new production base, automotive seating manufacturers need to follow up. In this case, substantial funds become a must. Second, safety, comfort, and light weight- three requirements on automotive seating- need rich technological accumulation and present high technological threshold. Moreover, a huge number of employees in automotive seating industry pose great challenges to managerial competencies.

Complete Report of 112 pages is available at http://www.rnrmarketresearch.com/global-and-china-automotive-seating-industry-report-2016-market-report.html .

Global automotive seating market has grown steadily on account of the two aspects. First, higher barriers in automotive seating industry lead to high market concentration and little competition. Automotive seating manufacturers have a greater say which enables them to raise prices constantly. Second, consumption is upgraded, a phenomenon starkly seen in China where consumers have higher requirements on automotive seating. Automotive seating saw an ASP of USD723 in 2010 with a market size of USD54 billion. The figures for 2015 were USD790 and USD70.1 billion. It is expected the market size will be valued at USD72.9 billion in 2016, and USD84.3 billion in 2020 when ASP arrives at USD865.

In automotive seating industry, Adient (a spin-off of Johnson Controls) and Lear are in the first camp, together holding about 48% of passenger car market. Adient has a broad customer base with almost all carmakers being its customers, while Lear provides products mainly for Ford, GM, BMW, and FCA and operates chiefly in North America and Europe but gets far less involved in the Asian-Pacific region. Adient seizes a dominant position in China with a market share of 40%.

Order a copy of Global and China Automotive Seating Industry Report, 2016 at http://www.rnrmarketresearch.com/contacts/purchase?rname=731947 .

Automotive Seating Manufacturers are Adient, Lear, Toyota Boshkou, Faurecia, TS, TACHI-S, Magna, Brose, NHK Spring, Sitech, Wuhan New Yunhe Automotive Seating, GSK, DAS, Daewon and DYMOS.

Toyota Boshoku (a member of Toyota Group) and Faurecia (a subsidiary of PSA) fall into the second camp. Toyota Boshoku has been actively developing new customers outside Toyota in recent years. Faurecia serves mainly VW, PSA, and Renault-Nissan with its operations concentrated in Europe.

In the Chinese automotive seating market, almost all American cars and German cars are equipped with automotive seats from Adient and Lear, and among Japanese cars, all Honda cars carry automotive seats from TS, the majority of Toyota cars with automotive seats from Toyota Boshoku, and Nissan cars with automotive seats from a number of suppliers. Most of Chinese car brands use seats from joint ventures. Great Wall, BYD, Chery, and Geely adopt the model of partial own production and partial purchase from joint ventures. The joint ventures deliver cost-competitive products with better performance by relying on economy of scale and complete supply chain, while local brands retain their seating businesses just for enough say in negotiation with JVs and greater resilience in supply chain.

Most of Great Wall car seats come from its own seating business division and a few are provided by the joint venture between Great Wall and Yanfeng Johnson Controls. BYD's car seats are largely supplied by its No. 16 business division and partly by Tachi-S, a three-party joint venture. Chery has low-end seats furnished by Wuhu Ruitai Auto Parts (a subsidiary of Chery) and high-end seats by Lear, making less and less purchase from Johnson Controls and GSK. Major suppliers of seats for Geely are Johnson Controls, Zhejiang Xindaimei Automotive Seating, and Zhejiang Jujin Automobile & Motor-cycle Accessories. Cooperation with South Korean Das provides solid support for Zhejiang Xindaimei Automotive Seating to gain a foothold in Geely. Zhejiang Jujin Automobile & Motor-cycle Accessories has investment from Geely and is also backed by Tachi-S.

Explore more Parts Supplier Industry research report at http://www.rnrmarketresearch.com/reports/automotive-transportation/automotive/parts-supplier .

Another research titled Europe Automotive Seating Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Europe Automotive Seating industry. Companies mentioned in this report are are Johnson Controls, Lear, Toyota Boshoku, Faurecia, TACHI-S, TS TECH, GSK Group, Brose, Hyundai-dymos, NHK Spring and Magna. Browse Complete Europe Automotive Seating Industry 2016 Market Research Report athttp://www.rnrmarketresearch.com/europe-automotive-seating-industry-2016-market-research-report-market-report.html .

About Us: 

RnRMarketResearch.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports. We provide 24/7 online and offline support to our customers.

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