Market Overview:
The global commercial vehicle seating market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for commercial vehicles, especially in developing countries such as China and India. Additionally, the rising trend of customization in commercial vehicles is also propelling the growth of this market. The global commercial vehicle seating market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into fabric seat, genuine leather seat and other seats (including synthetic leather seats). The genuine leather seat segment is anticipated to witness highest growth during 2018-2030 owing to its superior comfort and durability features as compared to other types of seats available in the market. By application, it can be classified into light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). LCVs are estimated to account for a larger share than HCVs in terms of revenue generated by this market during 2018-2030 owing to their high demand from transportation sector across different regions worldwide.
Product Definition:
Commercial Vehicle Seating is the term used to describe seats that are installed in a commercial vehicle. Commercial Vehicle Seating is important because it provides a comfortable and safe place for passengers to sit while they are being transported in a commercial vehicle.
Fabric Seat:
Fabric seat is a new concept in the market which provides better comfort to passenger and increases the seating capacity of vehicle. It's an innovative solution for seating, designed using advanced technology and materials. Fabric seat can be used in various types of vehicles including cars, buses, trucks and even railways. The fabric is made from synthetic fibers like polyester or cotton & acrylic blends with a little bit padding on it to make it comfortable for long journey.
Genuine Leather Seat:
Genuine leather seat is a type of upholstery that is made from the hides of cattle. The raw material used for manufacturing these products includes tanning agents, vegetable tannins, and other chemicals. The product has high tensile strength and durability along with it being water resistant. It also has better elasticity and flex than any other synthetic leather seating option available in the market today.
Application Insights:
The light commercial vehicles application segment led the global market in 2017. This was attributed to growing demand for such vehicles from taxi and bus operators, as well as from rental companies. Furthermore, increasing penetration of e-commerce has resulted in a rise in the number of online transactions for light commercial vehicles.
The heavy commercial vehicle application segment is expected to witness significant growth over the forecast period owing to rising demand for long distance travel by way of buses and coaches. Moreover, LCVs are widely used by tour operators and leisure companies due to their ability to transport more passengers with greater convenience at a lower cost per kilometer compared with other modes of transportation such as air or rail tours. The aforementioned factors are anticipated to fuel industry expansion over the coming years in various regions across the globe including North America, Latin America, Europe, Asia Pacific and Middle East & Africa countries/regions.
Regional Analysis:
Asia Pacific dominated the global commercial vehicle seating market in 2017 and is expected to continue its dominance over the forecast period. The region has a large presence of manufacturers, which makes it easier for OEMs to choose from among various seat options available on the market. Furthermore, rising disposable income levels and changing lifestyles are contributing toward increased sales of passenger vehicles in emerging markets such as India and China. This trend is projected to have a positive impact on industry growth over the next eight years.
Europe accounted for more than 20% share of global revenue in 2017 owing to growing demand from LCVs and HCVs segments operating across countries such as Germany, France, Italy, Spain among others. Latin America also presents significant opportunities due to increasing penetration rates of light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Rising industrialization along with expanding hospitality sector will drive regional growth further down the road.
Growth Factors:
- Increasing demand for commercial vehicles due to rising urbanization and industrialization
- Growing demand for comfort and luxury features in commercial vehicle seating
- Proliferation of new technologies in commercial vehicle seating industry
- Rising disposable income of consumers leading to increased spending on transportation solutions
- Stringent government regulations mandating safety features in commercial vehicle seating
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Seating Market Research Report
By Type
Fabric Seat, Genuine Leather Seat, Other
By Application
Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
By Companies
Adient, Lear, Faurecia, Toyota Boshoku, TEK Seating, Beijing GoldRare, Freedman Seating Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Seating Market Report Segments:
The global Commercial Vehicle Seating market is segmented on the basis of:
Types
Fabric Seat, Genuine Leather Seat, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Adient
- Lear
- Faurecia
- Toyota Boshoku
- TEK Seating
- Beijing GoldRare
- Freedman Seating Company
Highlights of The Commercial Vehicle Seating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fabric Seat
- Genuine Leather Seat
- Other
- By Application:
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Seating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial vehicle seating is the design and construction of seats for commercial vehicles.
Some of the major players in the commercial vehicle seating market are Adient, Lear, Faurecia, Toyota Boshoku, TEK Seating, Beijing GoldRare, Freedman Seating Company.
The commercial vehicle seating market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Vehicle Seating Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Commercial Vehicle Seating Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Commercial Vehicle Seating Market - Supply Chain
4.5. Global Commercial Vehicle Seating Market Forecast
4.5.1. Commercial Vehicle Seating Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Commercial Vehicle Seating Market Size (000 Units) and Y-o-Y Growth
4.5.3. Commercial Vehicle Seating Market Absolute $ Opportunity
5. Global Commercial Vehicle Seating Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Commercial Vehicle Seating Market Size and Volume Forecast by Type
5.3.1. Fabric Seat
5.3.2. Genuine Leather Seat
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Commercial Vehicle Seating Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Commercial Vehicle Seating Market Size and Volume Forecast by Application
6.3.1. Light Commercial Vehicles (LCVs)
6.3.2. Heavy Commercial Vehicles (HCVs)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Commercial Vehicle Seating Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Commercial Vehicle Seating Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Commercial Vehicle Seating Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Commercial Vehicle Seating Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Commercial Vehicle Seating Demand Share Forecast, 2019-2026
9. North America Commercial Vehicle Seating Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Commercial Vehicle Seating Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Commercial Vehicle Seating Market Size and Volume Forecast by Application
9.4.1. Light Commercial Vehicles (LCVs)
9.4.2. Heavy Commercial Vehicles (HCVs)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Commercial Vehicle Seating Market Size and Volume Forecast by Type
9.7.1. Fabric Seat
9.7.2. Genuine Leather Seat
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Commercial Vehicle Seating Demand Share Forecast, 2019-2026
10. Latin America Commercial Vehicle Seating Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Commercial Vehicle Seating Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Commercial Vehicle Seating Market Size and Volume Forecast by Application
10.4.1. Light Commercial Vehicles (LCVs)
10.4.2. Heavy Commercial Vehicles (HCVs)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Commercial Vehicle Seating Market Size and Volume Forecast by Type
10.7.1. Fabric Seat
10.7.2. Genuine Leather Seat
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Commercial Vehicle Seating Demand Share Forecast, 2019-2026
11. Europe Commercial Vehicle Seating Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Commercial Vehicle Seating Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Commercial Vehicle Seating Market Size and Volume Forecast by Application
11.4.1. Light Commercial Vehicles (LCVs)
11.4.2. Heavy Commercial Vehicles (HCVs)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Commercial Vehicle Seating Market Size and Volume Forecast by Type
11.7.1. Fabric Seat
11.7.2. Genuine Leather Seat
11.7.3. Other
11.8. Bass Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Commercial Vehicle Seating Demand Share, 2019-2026
12. Asia Pacific Commercial Vehicle Seating Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Commercial Vehicle Seating Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Commercial Vehicle Seating Market Size and Volume Forecast by Application
12.4.1. Light Commercial Vehicles (LCVs)
12.4.2. Heavy Commercial Vehicles (HCVs)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Commercial Vehicle Seating Market Size and Volume Forecast by Type
12.7.1. Fabric Seat
12.7.2. Genuine Leather Seat
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Commercial Vehicle Seating Demand Share, 2019-2026
13. Middle East & Africa Commercial Vehicle Seating Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Commercial Vehicle Seating Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Commercial Vehicle Seating Market Size and Volume Forecast by Application
13.4.1. Light Commercial Vehicles (LCVs)
13.4.2. Heavy Commercial Vehicles (HCVs)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Commercial Vehicle Seating Market Size and Volume Forecast by Type
13.7.1. Fabric Seat
13.7.2. Genuine Leather Seat
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Commercial Vehicle Seating Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Commercial Vehicle Seating Market: Market Share Analysis
14.2. Commercial Vehicle Seating Distributors and Customers
14.3. Commercial Vehicle Seating Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Adient
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lear
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Faurecia
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toyota Boshoku
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TEK Seating
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Beijing GoldRare
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Freedman Seating Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook