Global automotive seats market dominated by Johnson Controls INC., Lear Corp., Faurecia EO, and Toyota Boshoku Corp in 2013
Global Automotive Seats Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 10:25:02
The Global Automotive Seats market is forecast to grow at a CAGR of 4.35 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased emphasis on driver and passenger comfort. The Global Automotive Seats market has also been witnessing the development of high strength-to-weight ratio and thinner seats. However, the volatile raw material prices could pose a challenge to the growth of this market.
The key vendors dominating this market space are Johnson Controls INC., Lear Corp., Faurecia EO, and Toyota Boshoku Corp.
Other vendors mentioned in the report are Aisin Seiki Co., Ltd., Amerigon, Brose Fahrzeugteile GmbH & Co.KG, Dura Automotive Systems, LLC, Grammer AG, Grupo, Antolin Irausa, S.A., Kongsberg Automotive, Magna International Inc., Martinrea International Inc., NHK Spring Co., Ltd., Recticel, Sharda Motor Industries, Tachi-S, and TS Tech Co., Ltd.
Earlier, automotive seats were heavy, space-consuming objects in vehicles with little added value and comfort. The traditional seating systems were in demand due to the vehicle condition and taste preferences of the consumers. However, in recent years, customers purchasing vehicles are more concerned about the weight of the seats and the space that they occupy in the total available vehicle space. This is mainly because the total weight of the vehicle is an important factor that determines the overall performance and fuel efficiency of the vehicle. In addition, the high demand for compact automobiles in developing countries due to their cost advantage has increased the demand for thinner and lighter seats that occupy less space in the vehicle. Hence, the demand for thinner seats with a high strength-to-weight ratio is a recent trend being witnessed in the market.
One of the major drivers in this market is the increased emphasis on driver and passenger comfort. OEMs are increasingly focusing on driver and passenger comfort, which is predicted to have a significant impact on the market. Moreover, the increasing number of accidents has created awareness among people of the need to improve driver comfort and thereby reduce distractions while driving.
Further, one of the major challenges in this market is the highly volatile prices of the raw materials used in the manufacture of automotive seats. The prices of raw materials such as leather and polyester, which are used in automotive seats, are constantly fluctuating due to various microeconomic factors, thereby presenting a challenge for OEMs.
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