- Opportunity and Forecast, 2016 - 2025
Light vehicle seating is primarily related to offering safety, comfort, and flexibility to passengers in vehicles. Original equipment manufacturers focus on innovative product offerings related to design of seats, different seat fabrics, improvement in integrated fragrances, and production of waterproof surface designs. As customers look forward to flexibility in seating systems, most probably in second and third row configuration, the seating arrangement evolution is paving its way.
Technological innovation, increase in disposable income, and demand for sport utility vehicles drive the global light vehicle searing market. On the other hand, rise in seat heating industry is expected to present new avenues in the industry. A regional outlook is offered for countries such as the U.S., the UK, Germany, Russia, Italy, China, India, Japan, Mexico, Brazil, Saudi Arabia, South Africa, and others.
Key players operating in the global light vehicle seating market include Johnson Controls Inc., Lear Corporation, Faurecia SA, TS Tech Co., Ltd., Magna International Inc., Toyota Boshoku Corporation, NHK Spring Co., Ltd., Tachi-S & Toyo Tire, and Rubber Co, Ltd. These key vendors have implemented strategies, such as mergers & acquisitions, collaborations, new product launches, expansion, joint ventures, partnerships, and others to consolidate their position in the global industry.
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