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According to this automotive head restraints market analysis, the increase in automobile sales across the globe will be one of the key factors fueling the market’s growth during the next few years. With the growing economy in both emerging and developed countries, the demand for passenger cars, utility vehicles, and other automobiles has increased considerably in the recent years. It has been observed that during 2016, the automotive industry witnessed the sale of over 92 million automobiles including passenger cars and commercial vehicles. Economies in Western Europe and the US are key contributors to the growth of the global automotive industry with major players including Honda Motors, Nissan Motors and others offering latest design premium vehicles, luxury sedans, and performance vehicles. Moreover, emerging economies of APAC, particularly China are also witnessing a continuous rise in automotive market’s growth. In 2016, China registered automotive sales of over 28 million units. Consequently, the increase in automobile sales will boost the demand for automotive head restraints, which are offered as standard fitments in modern automobiles. Our market research analysts have predicted that in terms of units, the automotive head restraints market will register a CAGR of about 6% by 2022.
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With the growing demand for automobiles and the rising awareness of safety, vendors in the car headrest market are focusing on investing in advanced technologies to offer efficient products. The emergence of automotive electronics has further led to the adoption of advanced systems in the field of safety, comfort, and automotive interior space. Furthermore, companies in the car headrest monitor market have also started preferring the usage of light detection and ranging (LiDAR) technology. This technology detects obstacles around the vehicle and identifies the precise timing for activation. According to our automotive head restraints industry analysis, the rise in development of sophisticated automotive head restraints will be one of the majorautomotive head restraints market trends that will gain traction in the market during the next few years.
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With the presence of a considerable number of automotive manufacturers, this market appears to be moderately fragmented. Automotive head restraints suppliers are highly focusing on adopting advanced technologies to introduce superior products, which will help them gain an advantage over the other players This in turn, intensifies the level of competition among the market players. By providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by various companies, this car headrests market research report will help clients identify new growth opportunities and design unique growth strategies. Additionally, the report also recommends areas the companies should focus on to enhance their customer base across various geographies.
This research report provides an analysis of various companies in this market including –
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The conventional head restraints segment accounted for the largest automotive head restraints market share during 2017. According to this car headrests market research report, the segment will continue its market dominance throughout the forecast period.
Our analysts have estimated that during 2017, APAC accounted for the maximum growth of the automotive head restraints market. With the growing sales of automobiles in the emerging economies including China, this region will account for the maximum growth of the automotive head restraints market during the next few years as well.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT TYPE
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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