Global Commercial Vehicle Seating Market Size By Technology Integration, By End-Use Industry, By Sales Channel, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Commercial Vehicle Seating Market Size By Technology Integration, By End-Use Industry, By Sales Channel, By Geographic Scope And Forecast
Commercial Vehicle Seating Market Size And Forecast
Commercial Vehicle Seating Market size was valued at USD 7.3 Billion in 2023 and is projected to reach USD 12.2 Billion by 2030, growing at a CAGR of 7.2% during the forecast period from 2024-2030.
Global Commercial Vehicle Seating Market Drivers
The market drivers for the Commercial Vehicle Seating Market can be influenced by various factors. These may include
- Growing Need for Comfort and Ergonomics The need for sophisticated and flexible seating options in commercial vehicles is being driven by an increasing emphasis on driver and passenger comfort as well as ergonomic design concerns.
- Growth in Commercial Vehicle Sales The demand for commercial vehicle seating is directly impacted by the general growth in the commercial vehicle market, which is being driven by rising freight transportation needs, e-commerce, and urbanization.
- Tight Safety Regulations Tight safety standards and laws pertaining to commercial vehicles, such as those governing crashworthiness and seating safety, encourage the use of highly developed and compliant seating systems.
- Emphasis on Driver Well-Being and Productivity Manufacturers and fleet operators are realizing how important good seating is for drivers’ health and efficiency. Improved seating arrangements help to improve operational efficiency and lessen driver fatigue.
- Technological Developments in Seating Systems By incorporating cutting-edge features like smart sensors, heating and cooling capabilities, and connection options into commercial vehicle seats, manufacturers may improve the driving experience overall and foster market expansion.
- Growth in the Adoption of Electric and Autonomous Cars Taking into account the evolving vehicle design and interior configurations, the growing popularity of electric and autonomous commercial cars presents new chances for creative seating arrangements.
- Customization and Brand Differentiation To cater to the wide range of tastes of fleet operators and owners, manufacturers are now providing branded and customized seating alternatives. This trend uses product differentiation to help the market flourish.
- Emphasis on Lightweight Materials The automotive industry’s drive towards fuel economy has brought attention to the use of lightweight materials in seating and other vehicle components. In general, lightweight seats in commercial vehicles save fuel.
- Trends in Last-Mile Delivery and Urbanisation The need for smaller, more agile commercial vehicles is rising due to the expansion of urban areas and last-mile delivery services, which has an impact on seating system characteristics and design.
- Global Network Extension for Logistics and Transportation The demand for commercial vehicles and the seating systems that go along with them is rising as a result of the expansion of global logistics and transportation networks, which are fueled by global trade and supply chain activities.
Global Commercial Vehicle Seating Market Restraints
Several factors can act as restraints or challenges for the Commercial Vehicle Seating Market. These may include
- Effect of Economic Uncertainties The demand for commercial vehicle seating can be affected by economic uncertainties, such as recessions and changes in the world economy, which can affect sales of commercial vehicles.
- High Initial Cost Seating systems with sophisticated technology might come with a hefty initial cost. This price element might be a deterrent, particularly for smaller fleet managers or purchasers on a tight budget.
- Supply Chain Disruptions Disruptions in the supply chain, including shortages of raw materials and components, can affect the manufacturing and delivery of commercial vehicle seating, leading to potential delays and increased costs.
- Difficulties in Retrofitting Existing Fleets Compatibility problems and the requirement for adjustments make it difficult to retrofit modern seating systems into older commercial vehicle fleets, which has an effect on the retrofit market segment.
- Limited Adoption in Low-End Commercial Vehicles High-end seating solutions may not be widely adopted in this market segment because basic or low-end commercial vehicles may place a higher priority on cost savings than cutting-edge seating amenities.
- Regulatory Compliance Difficulties Commercial vehicle seating manufacturers may face difficulties adhering to a variety of constantly changing international safety and pollution requirements, necessitating continued expenditures in R&D.
- Impact of the COVID-19 Pandemic The COVID-19 pandemic has disrupted global supply chains, production schedules, and overall economic activities, leading to uncertainties and challenges in the commercial vehicle seating market.
- Dependency on Commercial Vehicle Production The market for seating in commercial vehicles is directly related to the total volume of commercial vehicles produced. Production level fluctuations may have an effect on the seating market.
- Sustainability and Environmental Concerns Growing environmental concerns may direct attention towards sustainable automotive components, which may have an impact on the selection of materials for commercial vehicle seating.
- Competition from Aftermarket Seating Solutions Original equipment manufacturers (OEMs) may face competition from aftermarket seating solutions and replacement parts, which could have an impact on their market share.
Global Commercial Vehicle Seating Market Segmentation Analysis
The Global Commercial Vehicle Seating Market is Segmented on the basis of Technology Integration, End-Use Industry, Sales Channel, and Geography.
Commercial Vehicle Seating Market, By Technology Integration
- Advanced Comfort Features Seating systems with advanced comfort features, such as heating, ventilation, and massage functions.
- Connectivity Features Integration of connectivity options, including USB ports, power outlets, and infotainment systems.
- Smart Sensors Seats equipped with smart sensors for monitoring driver health and fatigue.
Commercial Vehicle Seating Market, By End-Use Industry
- Transportation and Logistics Seating solutions for commercial vehicles involved in transportation and logistics, including long-haul trucks.
- Public Transportation Seating configurations for buses used in public transportation services.
- Construction and Mining Seating systems for heavy-duty vehicles used in construction and mining applications.
Commercial Vehicle Seating Market, By Sales Channel
- OEM (Original Equipment Manufacturer) Seating systems supplied directly to commercial vehicle manufacturers.
- Aftermarket Replacement and upgrade seating solutions are available through aftermarket channels.
Commercial Vehicle Seating Market, By Geography
- North America Considering market dynamics and demands specific to North America.
- Europe Including market trends and preferences in European countries.
- Asia-Pacific Reflecting the rapid growth and commercial vehicle market in the Asia-Pacific region.
- Latin America Examining market conditions in countries across South America.
- Middle East and Africa Considering regional factors influencing the commercial vehicle seating market.
Key players
The major players in the Commercial Vehicle Seating Market are
- GRAMMER AG
- Lear Corporation
- Adient plc
- Johnson Controls International plc
- Seating Division of Faurecia
- RECARO Automotive Seating GmbH & Co. KG
- TS TECH
- KBW Seating Co., Ltd.
- Kyungshin Industry Co., Ltd.
- C+A Seating Systems Inc.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | GRAMMER AG, Lear Corporation, Adient plc, Johnson Controls International plc, Seating Division of Faurecia, RECARO Automotive Seating GmbH & Co. KG, TS TECH. |
SEGMENTS COVERED | By Technology Integration, By End-Use Industry, By Sales Channel, By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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