Automotive active seat headrest market growth Future Scope including Key Players
Market Overview
As per the information and market stats that have been circulated by the research methods and global updates, the global automotive active seat headrests market is likely to expand at a global CAGR of 5.75% during the period from 2020 to 2025. The automotive active seat headrest market growth, as a trusted and major market component is a passive safety system in an automobile. The automotive component manufacturers are known to be majorly using these active seat headrests to protect the passengers from neck injuries, in the happening of a fatal car accident or collision.
The outbreak of the novel Coronavirus pandemic has been a cause of concern along with the rise of the plans and pricing adopted by the competitive market players is hampering the global market growth of the automotive active seal headrests market.
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Active seat headrests are being majorly used for protection in rear-end collisions. Though, not forget that these accidents or collisions could also be avoided by deploying advanced systems, like the rear vehicle monitoring system. The key players in the automotive active seat headrest market growth are being recognized as Grammer AG, Adient Plc, Lear Corporation, Toyota Boshoku Corporation, TS TECH CO. LTD, and others. These have a major role in the market expansion during the period.
Market Segmentation
As per the industry statistics, The global market for automotive active seat headrests has been segmented based on product type, and application.
Product-based segmentation
The product type in the global automotive active seat headrests market includes headrest activation and seatback activation. The headrest activation segment as a sub-segment of the market held the largest market share in 2018, due to the increasing demand for this product type in luxury vehicles.
Application-based segmentation
The global automotive active seat headrests market includes passenger cars and commercial vehicles in its application. There has been a huge rise in the demand for passenger vehicles, owing to the increase in population, high purchasing power, and other factors like the rise in favorable regulations.
Some of the market payers are Yanfeng Automotive Interiors (China), Magna International Inc. (Canada), and others like Grammer AG (Germany), Lear Corporation (US).
Regional Analysis
In 2018, the European region had held the second largest market share. There is a rise in the number of factors driving the growth of the market for automotive active seat headrests in the European region. The rise in the quantum of growth of sales for luxury vehicles, across the region mainly influences the demand for automotive active seat headrests for OEMs and aftermarket players.
Industry News
As per the industry reports, there are many factors helpful for the projected expansion of the global automotive active seat headrests market for the forecast period of 2021-2028. For instance, the governments of the international market locations are rising the initiatives for foreign direct investments that are further, boosting the active seat headrests for the automotive market. Also, there has been an increasing demand by the target customers for luxurious seating systems that are offering more opportunities for the active seat headrests for the automotive market. Also, the prominent market manufacturers are focusing on research and development activities to make their products safe as well as luxurious.
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