Light Vehicle refers to the commercial carrier vehicle that does not
weigh more than 3.5 tons. Safety features and enhanced comfort are the major
factors for the increased demand of these light vehicle seating’s market. New
designs using new materials assembly mechanisms and foams are expected to drive
the market demand. Safety, comfort, and flexibility are the major drivers of this
industry. Changing customer preferences have forced manufacturers to find
innovative ways to cave into the rear seat rows. The seats of the vehicle are
now comfortable and safer than it used to be before. Innovation and development
are taking place at a faster rate in the light vehicle seating market. Rather
than focusing on seating ergonomics, manufacturers are now focused on
integrating fragrances, diverse seat fabrics, and added waterproof &
breathable surface designs. Changing customer needs on seating
arrangement is expected to have a positive impact on market growth.
Browse Details of Report @ https://www.hexaresearch.com/upcoming-research/light-vehicle-seating-market
Sports vehicles are the major contributors to the market demand for
light vehicle seating. The other contributors include cars and trucks.
Manufacturers are also working on reducing the weight of the vehicle by
reducing the weight of seating in vehicles. Major players are also innovating
to integrate seat heaters thatwould provide warmth to all parts of the seat in
order to satisfy customers. While there is an increase in the seat heating
industry, demand for seat cooling is expected to gather momentum overthe
forecast period.
The dominant region in the light vehicle seating market is Asia Pacific.
The growth in this region can be attributed to the growing disposable income of
population and the presence of manufacturers in this region. The demand for
small cars is prominent in this region that is aiding the growth of light
vehicle seating market in this region. Japan is driving market growth in this
region due to the presence of major automobile manufacturers in the country.
North Americais the second most dominant region owing to increased demand for
automobiles in the region. The growing interest rates can hinder market growth
of light vehicle seating market in this region. The growth in this region is
driven by the presence of manufacturers in the U.S and the research and
innovation efforts carried out by the manufacturers. The European Light Vehicle
Market is also growing substantially due to increasing demand for small
vehicles.
The key manufacturers in this market include LEAR Corporation, Johnson
Controls, Magna International, Faurecia SA, NHK Spring Co., TS Tech Co.,
Tachi-S, Toyota Boshoku Corporation, Toyo Tire and Rubber Co, Ltd., Woodbridge
Group, Recticel SA, Grupo Antolin Irausa S.A., Kongsberg Automotive, Sharda
Motor Industries, Grammer AG, Freudenberg, Dura Automotive Systems LLC, CVG
Seating, Gentherm Inc., ContiTech, Brose Fahrzeugteile GmbH & Co.KG, Aisin
Seiki Co., Ltd., and Autoliv.
The market is characterized by merger and acquisition activities. Large
market players are integrating backward by acquiring small manufacturers to
increase their dominance. Lear Corporation was acquired by Guilford Mills for
approximately USD 257 million in 2014. The European manufacturers of Light
Vehicle Seating are targeting small manufacturers in China due to growing
automobile market in the region. Johnson Controls earns more than USD 6 billion
of revenue from the Chinese market.
Lear Corporation offers seating in various materials as well as with
added advantages of smart technologies to ensure better seating experience for
customers. Johnson Controls is one of the leading manufacturers of Light
Vehicle Seating and servescustomers such as Volkswagen, Porsche, and Volvo.
Magna International is one of the leading organizations engaged in the innovation
ofseating and improving seating experience. They offer complete seating
systems, mechanism solutions, seat structure solutions, and foam & trim
products. The research and innovation efforts at Faurecia are targeted
towardsdeveloping lightweight seat mechanisms, advanced comfort systems, and
integrated systems. The Woodbridge Group manufactures light vehicle seating
under the ComforTech brand.
Browse Related Category Market Reports @
About
Us:
Hexa Research
is a market research and consulting organization, offering industry reports,
custom research and consulting services to a host of key industries across the
globe. We offer comprehensive business intelligence in the form of industry
reports which help our clients obtain clarity about their business environment
and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Follow
us on Linkedin: https://www.linkedin.com/company/hexa-research
No comments:
Post a Comment