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 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.
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.
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 that would
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 over the 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 America is 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 serves customers such as Volkswagen, Porsche, and Volvo.
Magna International is one of the leading organizations engaged in the
innovation of seating 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
towards developing lightweight seat mechanisms, advanced comfort systems, and
integrated systems. The Woodbridge Group manufactures light vehicle seating
under the ComforTech brand.
Browse Detailed TOC of the Report @ https://www.hexaresearch.com/research-report/light-vehicle-seating-market
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