Global automotive seating industry is divided into two groups, namely four Japanese enterprises and five European and American enterprises. And Korean DYMOS mainly cooperates with Visteon, so it belongs to the second group. The ten large automotive seating manufacturers occupy 95% of market shares.
Since 2009, China's auto industry developed rapidly, which led to the rapid development of auto parts industry. As the core component of the vehicles, vehicle seating industry has a good development momentum.
In recent years, China car sales volume continue to increase, which also drives the sales volume of vehicle seating and expands vehicle seating market scale. In 2012, compared with the market scale exceeding USD 65 billion across the world, China's automotive seating market scale was less than CNY 42 billion. Huidian Research estimates that the market scale was approximately CNY 50 billion in 2013, far from matching with the scale of domestic automobile industry. However in the aspect of growth rate, the growth of China's automotive seating industry far exceeds global market level.
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Although China serves as the world's largest child safety seat producer, the usage rate is less than 1%. In China, every ten people who died of traffic accidents, at least one of them are children. Survey shows that 84.4% parents do not specially equip their cars with safety equipments for children and 24.8% parents do not understand child safety seats at all. In China automotive child safety seats are not popularized among ordinary families along with automobiles.
This report makes a specific analysis on vehicle seating leading enterprises Lear and JC, especially their development in China. It has great significance to those who wonder to learn the effect of foreign-owned enterprises and foreign-funded enterprises on China automotive seating market.
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