Global Truck Seats Market 2021-2026

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    GLOBAL TRUCK SEATS MARKET

     

    KEY FINDINGS

    • The Global Truck Seats market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2026.
    • Truck seats are a significant point of interaction between the supplier and the customer, as a result, they play an important role in the overall impression and appeal of a vehicle.
    • These seating systems are available in various forms, from simple seating systems to complex ones, to satisfy the needs of both manufacturers and consumers.
    • Globally, the North American truck seat market is dominated by the premium car market (~2M units per annum), and pickup trucks are one of the largest in the world.

     

    INTRODUCTION

    The global Truck Seats market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2026. In 2021, the market was growing at a steady rate and with the rising adoption of strategies by key players.

     

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    The market is expected to rise over the projected horizon. The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments.

     

    Global Truck Seats Market Size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.

     

    GLOBAL TRUCK SEATS MARKET SEGMENTATION

     

    By Vehicle Type

    • Light Duty Trucks
    • Medium & Heavy Duty Trucks

     

    By End Use

    • OEM
    • Aftermarket

     

    By Geography

    • US
    • Europe
    • China
    • India
    • ROW

     

    GLOBAL TRUCK SEATS MARKET DYNAMICS

    • The Sears Atlas II ActiveVRS seat features the manufacturer’s ComfortZone support structure system, a contoured metal seat pan, a 22-in.-wide seat and back cushion, and a quad chamber air lumbar support. Options include heated cushions and StowAway armrests.
    • The seats feature Active Seat Climate Control that uses activated charcoal and a ventilation layer to remove moisture and keep the seat’s surface dry. Built with an ergonomic design and easy adjustments, the seats have a weight adjustment range of 110 to 285 lbs., a suspension stroke of 6.3 in., and a memory air height adjustment so drivers can set the seat to meet their individual preferences.
    • The Minimizer Heavy Duty Semi Truck Seat System is installed using one of six seat risers. For the majority of truck models, a Universal Seat Riser is available while others require a special riser plate for installation. Minimizer seats are offered in cloth and leather versions with heating, cooling and massage options.

     

    GLOBAL TRUCK SEATS MARKET SIZE AND FORECAST

    North America is the biggest market for pickup trucks in the world. Europe and the Asia Pacific regions are expected to lead the market for Automotive Seats during the forecast period. The market growth in Europe and Asian countries is associated with the growing need for affordable vehicles due to changes in customer behaviour amid pandemics.

     

    The market growth in Asian countries such as China and India can be attributed to the increasing demand for vehicles. Due to the increased vehicle production and sales, China is estimated to be the fastest-growing market for automotive seats in this region. Demand for powered and heated seats is expected to grow in this region

     

    RECENT TRENDS IN THE MARKET

    • The LTSS (Light Truck Suspension Seat) system has been proven to reduce vibration to improve ride performance. The innovative vertical suspension mechanism located behind the backrest is adjustable to the weight of the driver. The patented LTSS design helps prevent back injuries caused from harmful vibration, resulting in a safer and smoother ride.
    • With the slowdown in world economic growth, the Truck Seats industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Truck Seats market size to maintain the average annual growth rate in 2015 to 2020, analysts believe that in the next few years, Truck Seats market size is anticipated to rise at a considerable rate during the forecast period, by 2026.
    • In June 2019, Lear Corporation invested USD 30 million for a new 240,000square-foot assembly and subassembly plant in Hammond, Indiana, where it is expected to continue as a supplier to Ford’s Chicago Assembly Plant.
      • Lear is expected to begin commercial production at the end of June 2019, to supply 375,000 seats per year to the Chicago Assembly Plant for the Ford Explorer
    • In October 2019, Faurecia announced the expansion of its San Luis Potosi frames plant, a part of the company’s seating division.
      • With the expansion, the manufacturing facility, first opened in 2016, has more than doubled from 16,000 to 35,000 square meters, becoming the largest plant in its North American division. The expansion represented an investment of USD 12 million and is expected to increase the workforce from 980 to 1,180 employees.

     

    COVID IMPACT ON GLOBAL TRUCK SEATS MARKET

    The COVID-19 pandemic hindered the growth of the automotive seat market, as there were continuous lockdowns and travel restrictions across the world to contain the virus.

     

    In addition, the supply chain of the market got affected as manufacturing units were shut down. Besides, these high costs of modular and advanced seats compared to traditional seats may hamper the growth of the automotive seat market.

     

    However, the increasing usage of lightweight materials to decrease the weight of automotive seats is creating new opportunities in the market for automotive seats. The growing demand for vehicle production and rising SUV will fuel the automotive seat markets in the forecast period.

     

    COMPETITIVE LANDSCAPE

    The automotive seat market is mainly dominated by some of the key players, such as Aisin Seiki Co. Ltd, Toyota Boshoku Corporation, Adient, Lear Corporation, Magna, Faurecia, Achi Co. Ltd, IFB Industries Limited, etc., holding a significant market share globally. With innovation gaining focus in the automotive seat market, leading companies are coming together for research and development of innovative and novel automotive seating solutions.

     

    COMPANY PROFILES

    1. Adient
    2. Commercial Vehicle Group
    3. EWON Comfortech
    4. Ningbo Jifeng Auto Parts
    5. Lear
    6. Isringhausen
    7. Sears Seating
    8. Xiamen Golden Dragon Auto Seat
    9. Freedman Seating
    10. Superior Seats Inc
    11. Stratos Seating
    12. Cerullo Seats
    13. Pilot Seats
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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