Automotive Headrest Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Headrest Market
The automotive headrest market size was valued at USD 9.57 billion in 2021, and the market is now projected to grow from USD 10.82 billion in 2022 to USD 15.95 billion by 2029, exhibiting a CAGR of 5.7% during the forecast period of 2022-2029.
The Covid-19 outbreak led to either shutdown or reduced production line in automotive factories, which affected the production of automobile to a large extent. While analyzing the data given by OICA, it can be stated that the global production in the same year reduced to 77.9 million units, which means that it has reached the level of the previous year’s sales.
It is true that new mobility services will reduce private vehicle sales but the growing demand for shared cars that have shorter useful lives will provide the counter balance. This is due to the feelings of consumers, who require comfortable seats in ride-sharing and, therefore, installing two and four headrests. Some of these trends are expected to drive the market forward as noted next.
A 6-way headrest ensures that the passengers have their vertical desired head rest and moveable side bolstering to ensure that it is comfortable for the head. Currently, Automotive OEMs avail it to car producers, and the Jeep model of cars came equipped with it in the Cherokee line. Ningbo Jifeng Auto Parts Co. Ltd. is currently the only supplier of these 6-way headrests.
Comprehensive Analysis of Automotive Headrest Market
The automotive headrest market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by application analysis. By type analysis incudes fixed, 2-way, and 4-way headrest. By application analysis incudes passenger cars and commercial vehicles.
The Asia Pacific region lead the automotive headrest market share by benefitting a market size of USD 5.38 billion in 2021 due to rise in purchasing power and improved safety standards in vehicles.
Top players in the market have their responsibility of automotives industrial prospectus growth of the retailing industry and the markets. These players include, Adient PLC, Lear, Faurecia SE, Toyota Boshoku Corporation, Windsor Machine Group, Tachi-S, Jifeng Automotive, Brose Fahrzeugteile GmbH & Co, Woodbridge, Yanfeng International Seating Systems Co., Ltd. these market players provide a level-playing competitive landscape.
In March 2022, Toyota Boshoku acquired Shiroki’s commercial rights for automotive seat frame mechanism parts for Mazda, Daihatsu, and Suzuki to enhance its global competitiveness in the seat business.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD Billion), Volume (Thousand Units)
Segmentation By Type
Fixed Headrest
2-way Headrest
4-way Headrest
By Application
Passenger Cars
Commercial Vehicles
By Geography
North America (By Type, By Application)
U.S. (By Type, By Application)
Canada (By Type, By Application)
Mexico (By Type, By Application)
Europe (By Type, By Application)
U.K. (By Type, By Application)
Germany (By Type, By Application)
France (By Type, By Application)
Italy (By Type, By Application)
Russia (By Type, By Application)
Rest of Europe (By Type, By Application)
Asia Pacific (By Type, By Application)
China (By Type, By Application)
Japan (By Type, By Application)
India (By Type, By Application)
South Korea (By Type, By Application)
Rest of Asia Pacific (By Type, By Application)
Rest of the World ( By Type, By Application)
Brazil (By Type, By Application)
Argentina (By Type, By Application)
Turkey (By Type, By Application)
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