Automotive Armrest Market by Application and Geography - Global Forecast and Analysis 2019-2023

Global Automotive Armrest Market: About this market

The automotive armrest market analysis considers sales from passenger vehicles and commercial vehicles. Our analysis also considers the sales of the automotive armrest in APAC, Europe, North America, South America, and MEA. In 2018, the passenger vehicles segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing adoption of advanced automotive seating systems and the growing demand for comfort will play a significant role in the passenger vehicles segment to maintain its market position. Also, our global automotive armrest market report looks at factors such as increasing demand for luxury vehicles, increasing long-distance traveling driving automotive armrest demand, and OEMs focusing on improved vehicle interior solutions. However, assembling of vehicle-specific seating systems- a challenge for automotive seat manufacturers, and complexities in retrofitting of automotive armrests may hamper the growth of the automotive armrest industry over the forecast period.

Global Automotive Armrest Market: Overview

Rising focus on improved vehicle interior solutions by OEMs

Vehicle interiors comprise components such as automotive seats, cockpit modules, door panels, and interior lighting system which are specifically designed to offer comfort to passengers and drivers. Automotive interiors act as a differentiating factor for OEMs in the market. Government regulations are encouraging automotive seat manufacturers to design and develop vehicle seats and their components such as armrest, from advanced composite material. This is leading the seat manufacturers to manufacture electronically controlled seats wherein the vehicle occupants can adjust the height and sliding armrest as per their comfort and convenience. This demand for low-calorie chocolate will lead to the expansion of the global automotive armrest market at a CAGR of over 5% during the forecast period.

Development of heated armrest for luxury vehicles

Leading luxury vehicle manufacturers are incorporating technologically advanced automotive armrests. The armrest heating feature is controlled by a seat heating control switch located on the door panel of cars. This heated armrest is based on panel heating technology system and can be integrated into floor console armrests in vehicles. The heat produced reaches the passengers faster than the HVAC systems. It offers flexibility in terms of heating level as well. Such developments are expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global automotive armrest market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive armrest manufacturers, that include Adient Plc, Faurecia SA, GRAMMER AG, Piston Group, TACHI-S Co. Ltd.

Also, the automotive armrest market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface
Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

Market segmentation by application
Comparison by application
Passenger vehicles - Market size and forecast 2018-2023
Commercial vehicles - Market size and forecast 2018-2023
Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
Key leading countries
Market opportunity

PART 09: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 10: MARKET TRENDS

Increasing partnership among OEMs to develop enhanced automotive seating concepts
Use of cutting-edge technologies and processes in automotive armrest production
Development of heated armrest for luxury vehicles

PART 11: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 12: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
Adient Plc
Faurecia SA
GRAMMER AG
Piston Group
TACHI-S Co. Ltd.

PART 13: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

List of Exhibits:

Exhibit 01: Global automotive components market
Exhibit 02: Segments of global automotive components market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Passenger vehicles - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Passenger vehicles - Year-over-year growth 2019-2023 (%)
Exhibit 21: Commercial vehicles - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Commercial vehicles - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 29: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: North America - Year-over-year growth 2019-2023 (%)
Exhibit 31: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 33: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: South America - Year-over-year growth 2019-2023 (%)
Exhibit 35: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: Adient Plc - Vendor overview
Exhibit 46: Adient Plc - Business segments
Exhibit 47: Adient Plc - Organizational developments
Exhibit 48: Adient Plc - Geographic focus
Exhibit 49: Adient Plc - Segment focus
Exhibit 50: Adient Plc - Key offerings
Exhibit 51: Faurecia SA - Vendor overview
Exhibit 52: Faurecia SA - Business segments
Exhibit 53: Faurecia SA - Organizational developments
Exhibit 54: Faurecia SA - Geographic focus
Exhibit 55: Faurecia SA - Segment focus
Exhibit 56: Faurecia SA - Key offerings
Exhibit 57: GRAMMER AG - Vendor overview
Exhibit 58: GRAMMER AG - Business segments
Exhibit 59: GRAMMER AG - Organizational developments
Exhibit 60: GRAMMER AG - Geographic focus
Exhibit 61: GRAMMER AG - Segment focus
Exhibit 62: GRAMMER AG - Key offerings
Exhibit 63: Piston Group - Vendor overview
Exhibit 64: Piston Group - Product segments
Exhibit 65: Piston Group - Organizational developments
Exhibit 66: Piston Group - Key offerings
Exhibit 67: TACHI-S Co. Ltd. - Vendor overview
Exhibit 68: TACHI-S Co. Ltd. - Product segments
Exhibit 69: TACHI-S Co. Ltd. - Organizational developments
Exhibit 70: TACHI-S Co. Ltd. - Geographic focus
Exhibit 71: TACHI-S Co. Ltd. - Key offerings
Exhibit 72: Validation techniques employed for market sizing
Exhibit 73: Definition of market positioning of vendors

Executive Summary

The following companies are recognised as the key players in the global automotive armrest market: Adient Plc, Faurecia SA, GRAMMER AG, Piston Group, TACHI-S Co. Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the development of heated armrest for luxury vehicles.”

According to the report, one of the major drivers for this market is the rising focus on improved vehicle interior solutions by OEMs

Further, the report states that one of the major factors hindering the growth of this market is the complexities in retrofitting of automotive armrests.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.