Irving, TX (PRWEB) May 17, 2012
The global automotive seat industry is expected to reach an estimated US $66.5 billion in 2017 with a CAGR of 4% over the next five years. Growth in Asia Pacific and the BRIC nations is anticipated to drive the industry during the forecast period.
Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive seat industry and presents its findings in “Global Automotive Seat Industry 2012-2017:Trend, Profit, and Forecast Analysis.”
The automotive seating industry includes cushion and back frames, slide channels, coverings, pad assemblies, recliner assemblies, and motors. Volatile raw material prices of lead, steel, urethane,and resin,as well as restrictions on the availability of raw materials, energy, and product components adversely affectedseat suppliers’financial performance in both 2010 and 2011. Strong domestic demand in the Russian market andmore flexible monetary policies, however, are expected to result in double-digit growth in the BRIC nations in 2012.
The APAC region is expected to experience robust growth in vehicle demand through 2012 and beyond, mainly driven by China and India. Strong output recovery in Japan and Thailand is expected as the automotive sector increases efficiency to fulfill pent-up demand, clear product backlogs, and rebuild inventory in the wake of the natural disasters that occurred in 2011. A combination of factors such as currency exchange rate, governmental regulations, fluctuations in consumer taste and preferences, and safety regulations all impact industry dynamics significantly.
This study provides an overview of the global automotive seat industry. The report tracks one market segment for four regions, North America, Europe, APAC, and Rest of World; thus, it tracks four segments of the global automotive seat industry. This report is limited to automotive seat manufacturers that supply end product to vehicle manufacturers. This report does not include other automotive components such as dashboards or exterior body parts.
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