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COVID Impact On Global Automotive Seats Market 2020-2025

01-13-2021 03:30 PM CET | Tourism, Cars, Traffic

Press release from: Mobility Foresights

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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Toyota Boshoku
TS Tech Co Ltd
Harita Seating Systems
Grammer AG
Leggett & Platt
Bharat Seats
Bridgewater Interiors

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
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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

We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.

We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

The consistently changing business sector progression in mobility space has put considerably more accentuation on looking at advertise knowledge before your peers. An important market insight, when learned at opportune time, could be the distinction between a decent and a terrible business choice.

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