Press release
Outstanding Growth of Automotive Armrest Market is estimated to reach $1510 Million by 2025 | Adient, Grammer, Faurecia, Toyota Boshoku, Tachi-s, Tesca, Woodbridge USA, Fehrer, Proseat
Automotive Armrest Market
Global Automotive Armrest Market Overview:
The Global Automotive Armrest Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Armrest market size to maintain the average annual growth rate of 0.0125825741572 from USD 1240.0 Million in 2015 to USD 1320.0 Million in 2019, market analysts believe that in the next few years, Automotive Armrest market size will be further expanded, we expect that by 2025, The market size of the Automotive Armrest will reach USD 1510.0 Million.
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The Global Automotive Armrest Market is segmented on the basis of Type, Application and Region. Automotive Armrest market is cover distinctive segment market estimate, both volume and value, also cover diverse businesses customers' data, which is imperative for the makers.
Based on the Type, the Global Automotive Armrest Market is sub-segmented into OEM, Aftermarket and others. On the basis of Application, the Global Automotive Armrest Market is classified into Passenger Vehicles, Commercial Vehicles and others.
In terms of the geographic analysis, The Automotive Armrest Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Automotive Armrest Market ecosystem results in the increasing adoption of these systems in North America.
Global Business News:
Adient (March 05, 2020) - Adient enters into agreement to sell its fabrics business - Adient, a global leader in automotive seating, has entered into an agreement to sell its automotive fabrics manufacturing business, including its lamination business, to Sage Automotive Interiors, an Asahi Kasei company, for $175M. The transaction is subject to regulatory approvals, local legal requirements and other customary closing conditions and is expected to be completed by the end of FY 2020.
The pending sale includes 11 facilities globally, with the majority located in Europe, with approximately ~1,300 employees. The fabrics business is expected to generate approximately $240M in revenue and slightly less than $20M and adjusted EBITDA in fiscal year 2020 for Adient.
The pending sale aligns with Adient's continuing strategy of focusing on its core, high-volume seating business. Proceeds from the transaction are expected to be used by Adient to pre-pay a portion of the company's debt and for general corporate purposes.
"As Adient continues to focus on its core business, we believe that the sale of our fabrics operation to Sage better positions that business for growth and long-term successful performance," said Doug Del Grosso, president and CEO of Adient.
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Top Leading Key in Players Global Automotive Armrest Market: Adient, Grammer, Faurecia, Toyota Boshoku, Tachi-s, Ningbo Jifeng, Piston Group (Irvin), JR-Manufacturing, Tesca, Woodbridge USA, Windsor Machine Group, Fehrer, Proseat, Kongsberg Automotive ASA, MARTUR, Landers, Rati and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
With the presence of a large pool of participants, the Global Automotive Armrest Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Adient, Grammer, Faurecia, Toyota Boshoku, Tachi-s, Ningbo Jifeng, Piston Group (Irvin), JR-Manufacturing, Tesca, Woodbridge USA, Windsor Machine Group, Fehrer, Proseat, Kongsberg Automotive ASA, MARTUR, Landers, Rati are some of the key vendors of Automotive Armrest across the world. These players across Automotive Armrest Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
Region segment: Automotive Armrest Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Automotive Armrest in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Automotive Armrest Market Report 2020
1 Automotive Armrest Product Definition
2 Global Automotive Armrest Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Automotive Armrest Shipments
2.2 Global Manufacturer Automotive Armrest Business Revenue
2.3 Global Automotive Armrest Market Overview
3 Manufacturer Automotive Armrest Business Introduction
3.1 Adient Automotive Armrest Business Introduction
3.2 Grammer Automotive Armrest Business Introduction
3.3 Faurecia Automotive Armrest Business Introduction
3.4 Toyota Boshoku Automotive Armrest Business Introduction
3.5 Tachi-s Automotive Armrest Business Introduction
3.6 Ningbo Jifeng Automotive Armrest Business Introduction
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