Market Share of North America Automotive Seat Industry
The North America Automotive Seat market is dominated by a few players, such as Adient PLC, Lear Corporation, Magna International., Toyota Boshaku Corporation, and Faurecia. 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 a more luxurious experience to the people, major automotive seat manufacturers are making joint ventures with seat manufacturers. For instance,
- In March 2022, Lear Corporation acquired Kongsberg Automotive's Interior Comfort Systems (ICS) business unit. Through this acquisition, Lear Corporation expanded product offerings in increasingly popular thermal and comfortable seating solutions, such as seat heating and ventilation, and massage and lumbar support.
- In October 2021, Faurecia invested an amount of USD 18 Million for an expansion of manufacturing facilities across Maury County, Tennessee.
- In September 2021, TS Tech Co., Ltd. announced that TST NA TRIM, LLC. (TSNT), a consolidated subsidiary of TS Tech in the United States and ML Industries, Inc. established a joint company and its subsidiary. This is conducted as a part of the review of the production layout of automotive seat covers. The joint company will be named TSML Innovations, LLC. (TSML), 51% are owned by TSNT and 49% by MLI.
- In May 2021, Tech Indiana, LLC (Tech Indiana), a consolidated subsidiary of TS Tech in the U.S., invested an amount of USD 9 Million for an expansion of manufacturing facilities across North America.
- In January 2020, Adient PLC invested an amount of USD 23.5 Million for an expansion of its seating manufacturing facility across Lexington, Tennessee.
North America Automotive Seat Market Leaders
Adient PLC
Lear Corporation
Faurecia SE
Magna International
Toyota Boshoku Corporation
*Disclaimer: Major Players sorted in no particular order
