COVID Impact On Global Automotive Seats Market 2020-2025

There is absolutely no doubt that COVID-19 is going to hurt Revenues of all seating suppliers. There will also be supply chain issues and a hit on Bottom line to all as long as ” Premium Freight” is used to fill gaps created by long term established supply-chain.

The Ventilated seats are extensively used in Electric cars. The rise in Electric cars numbers will boost the seating production and sales but due to COVID-19, we expect EV market in 2020 to decline by ~25% YOY.

The seat dollar content per car continues on an increasing trend as more buyers opt for higher trims of pickups in US and SUVs in China. Europe continues to grow at a moderate level

Power adjust seats including lumbar support have highest penetration in US, followed by EU and now China is catching up quickly. Continued growth in compact and Mid-size SUVs is the biggest growth driver

Minda Industries has approved the merger of Harita seating systems with itself. Minda holds 51% stake in the merger.

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Global leader Adient announced launch of JV with Arvind Group for manufacturing and selling of automotive fabrics in India.

Massage seats are still a niche but due to growth in Premium MPV market in US,China, Japan and India, further growth is expected

Leather/Artificial leather trimmed seats are in higher demand in US, but in EU fabric upholstered seat have higher fitment rate

The global automotive seat market is and will remain consolidated with less than 10 players accounting for more 68% share of global market

Seating system in an automobile constitute to majority of weight. Thus to increase the fuel efficiency steps are taken towards making a lighter seating systems. The production of lighter seating systems is expected to boost the seating market worldwide.

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COMPANY PROFILE
Toyota Boshoku
TS Tech Co Ltd
Lear
Harita Seating Systems
Grammer AG
Brose
Faurecia
Adient
Magna
Gentherm
Recaro
Leggett & Platt
Bharat Seats
Bridgewater Interiors

THIS AUTOMOTIVE SEATS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Automotive Seats Market size and Forecast , by region, by application
2. Average B-2-B price for Automotive Seats Market, by region, per user
3. Technology trends and related opportunity for new Automotive Seats Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Automotive Seats Market earnings

Media Contact
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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This release was published on openPR.