The Automotive Seating Industry to 2023: Global Analysis with a Focus on China - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 10, 2019--The “Global and China Automotive Seating Industry Report, 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
In 2018, global automotive seating market size remained at around USD77.9 billion, of which the Chinese market was worth RMB113.2 billion (approximately USD16.45 billion by USD to RMB 1:6.8779).
As automotive market is saturated, global and Chinese automotive seating markets will level out, with market size expectedly growing at a respective annual average of 3.6% and 1.9% between 2018 and 2023. Safe intelligent seating will be a major driver for the market growth.
In the global market, the top 10 automotive seating giants like Adient, Lear, Toyota Boshoku and Faurecia currently grab a combined share of over 90%. Among them, Adient, the biggest player, forges long-term partnerships with automakers by establishing joint ventures with them, with a large client base almost covering all OEMs; Lear has four major clients, i.e., Ford, GM, BMW and FCA for targeting North American and European markets.
In China, Adient and Lear are the two suppliers of seating systems for American and German automobiles; for Japanese auto brands, TS is the only supplier of Honda and Toyota Boshoku supplies most seating products for Toyota while Nissan has more suppliers.
Most Chinese auto brands also use products of joint venture manufacturers, for example, Great Wall Motor, BYD, Chery and Geely produce some themselves but also purchase from suppliers. Co-funded auto brands have their upsides in price and performance, boasting scale effects and complete supply chain; homegrown automakers set up their own seating divisions just for a say in market and a more flexible supply chain.
This report highlights the following:Automotive seating (overview, composition, functions, classification, industry chain, etc.); Global automotive seating industry (market size, competitive pattern, supply pattern of major automakers, development trends, etc.); China automotive seating industry (market size, competitive pattern, supply pattern of major automakers, development trends, etc.); Major global and Chinese automotive seating companies (operation, seating business, development tendencies, etc.).
1 Brief Introduction to Automotive Seating
2 Global Automotive Seating Market
3 China Automotive Seating Market
4. Global & China Automotive Market
5. Automotive Seating Companies
Companies FeaturedAdient Yanfeng Adient Changchun Faway Adient Automotive System (CFAA) Lear TOYOTA BOSHKOU Tianjin Intex Auto Parts Faurecia TS Tech Guangzhou TS Automotive Interior Systems Wuhan TS-GSK Auto Parts TACHI-S Magna Brose NHK Spring SITECH Wuhan Xinyunhe Automotive Seating GSK DAS DAEWON DYMOS Beijing Lear Dymos Automotive Systems
For more information about this report visit https://www.researchandmarkets.com/research/fbpbkt/the_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190110005289/en/
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Related Topics:Automotive Seats and Components
KEYWORD: ASIA PACIFIC CHINA
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE AFTERMARKET
SOURCE: Research and Markets
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PUB: 01/10/2019 06:19 AM/DISC: 01/10/2019 06:19 AM