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Automotive Active Seat Headrests Market is Estimated to Grow at a CAGR of 5.75% in Terms of Value During the Forecast Period :

Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Automotive Active Seat Headrests Market.


Overview


The Global Automotive Active Seat Headrests Market is expected to gain a value of USD 5,539.1 Million by 2025 with a CAGR of 5.75% during the forecast period (2019–2025).


The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. Active seat headrest is an automotive safety feature, that is used to limit the backward movement of the occupant's head in the event of a rear end collision. The automotive component manufacturers primarily use active seat headrests with the objective of protecting the passengers from neck injuries to reduce the chance of an injury like whiplash. The active seat headrest is designed for use in passenger and commercial vehicles, especially luxury and premium vehicles.


Regional Analysis


On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is anticipated to lead the automotive active seat headrests market during the forecast period, followed by Europe. The growing automotive industry and increasing foreign direct investments in the region have resulted in the growth of the market for automotive active seat headrests technology in this region. With the help of innovative policies and trade liberalization programs, the governments of the major emerging countries in this region are making efforts to develop the automotive industry through direct and indirect influence. The growing demand for e-mobility, high purchasing power of the consumers, and stringent regulations regarding vehicle safety and related deaths are some of the factors that are expected to drive the global automotive active seat headrest market in this region.


The Global Automotive Active Seat Headrests Market is expected to reach USD 5,539.1 million at a CAGR of over 5.75% by the end of the forecast period.


Segmental Analysis


The global automotive active seat headrests market is segmented based on product type and application.


On the basis of product type, the global automotive active seat headrests market is segmented into headrest activation and seat back activation. The headrest activation segment is expected to dominate the market, due to the increasing demand for this product type in luxury vehicles. Headrest activation stands for the mechanism with collision activation device placed in the headrest. Once the device is activated, it moves the entire headrest upward through the metal support column protecting the human head and neck. This product type is designed to move forward during a rear collision to reduce the chance of whiplash injury. This system uses the headrest pillow, which activates and moves up and forward to help reduce the distance a head moves during an accident with the objective of reducing the possibility of a whiplash injury.


In terms of value the headrest activation segment accounted for the larger market share of 60.7% in 2018, with a market value of USD 2,290.4 million; it is expected to register a CAGR of 6.54% during the forecast period.


On the basis of application, the global automotive active seat headrests market is segmented into passenger car and commercial vehicle. In 2018, the passenger car segment held the largest market share of 77.3% in 2018, with a market value of USD 2,917.70 million. This value is projected to reach USD 4,214.70 million by 2025. This segment is expected to grow at the highest CAGR of 5.50% during the forecast period.


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Competitive Analysis


Some of the prominent players operating in the global automotive active seat headrests market report are Yanfeng Automotive Interiors (China), Ningbo Jifeng Auto Parts Co., Ltd (China), and JR Manufacturing, Inc (US), Grammer AG (Germany), Adient Plc (Sweden), Lear Corporation (US), Toyota Boshoku Corporation (Japan), TS TECH CO. LTD (Japan), Magna International Inc. (Canada), and Daimay Automotive Interior Co., Ltd (China).


Lear Corporation functions with the values of quality, efficiency, customer focus, diversity, community service, and integrity, with the philosophy of continuous improvement through outstanding teamwork. Furthermore, it focuses on strategic acquisitions and mergers with major automotive component suppliers to expand its global presence and develop competitive products. For instance, In February 2017, it acquired Grupo Antolin's seating business. It considers research and development activities in seating systems to promote better posture and cumulative wellness benefits. The company is expanding its business in Asia-Pacific for new product and technology development.


Toyota Boshoku Corporation strategizes to continue to invest in new technology, products, methods of distribution, and enhanced digital capabilities during the next few years with the objective to gain higher returns on the invested capital. The company strategizes to enhance its sales services and the distribution for developing markets. The company believes in heavy investments in research and development to meet the safety standards while enhancing its product portfolio and modifying the production processes.