Market Share of Asia-Pacific Automotive Seat Industry
The Asia-Pacific Automotive Seat market is consolidated and majorly dominated by few players, such as Adient PLC, Faurecia, and others. Adient PLC holds a 40 % - 45 % share of the Chinese passenger seating market. The market is highly driven by factors like advanced technology, more comfort, growing investment in R&D projects, and a growing market of electric and autonomous vehicles around the region. To provide more luxurious experience to the people, major automotive seat manufacturers are establishing a joint venture with seat manufacturers. For instance,
- In 2019, Toyota Boshoku Corporation announced that it will open an office in Gurgaon, India. This facility will be dedicated to sales and development in the country. The company will try to strengthen its presence by offering seats and interior components to the automobile manufacturers.
- In 2018, Adient forms joint venture with Arvind Limited, that will manufacture and sell automotive fabrics for seating systems in India.
APAC Automotive Seat Market Leaders
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Adient PLC
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Faurecia
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Lear Corporation
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TACHI-S Co.,Ltd.
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Toyota Boshoku Corporation
*Disclaimer: Major Players sorted in no particular order
