North America and Europe Medium-Heavy Duty Truck Seating Systems Market Forecast to 2025 - Research and Markets

The "North America and Europe Medium-Heavy Duty Truck Seating Systems Market, Forecast to 2025" report has been added to Research and Markets' offering.

North America & Europe Medium-Heavy Duty Truck Seating Systems Market is expected to grow at CAGR 2.2% in 2016-2025. Driver shortage and retention, Health, Wellness and Wellbeing, digitalization and IoT, autonomous driving and light-weighting are the key trends transforming the seats market in the study period.

In North America, since the average lifetime of seats is marginally higher than the average lifetime of trucks (7-8 years), such parts are substituted in aftermarket by fleets when required. Around 19% of OE seats are estimated to be substituted. Premium segments preferred by a few fleets are currently owing to higher price and lesser focus on driver comfort. The average age of drivers in US is 49 for over-the-road truck driver (52 for private fleets). This can potentially drive penetration of premium seats into 2025. Preference for premium seats is expected to increase gradually in market, owing to factors such as driver retention, focus on health, wellness and well-being technologies, autonomous trucking, and driver safety.

In Europe, fleets take the onus to provide better seats for drivers to enhance driver comfort and safety. The average lifetime of seats is slightly higher than lifetime of trucks in Europe (8-9 years); seats are replaced rarely due to wear and tear. The aftermarket segment is estimated to be around 18% of the OE market currently. The seats in Europe tend to last longer. The market for standard seating systems in Europe will slightly decline beginning in 2017. European fleets show a greater preference for premium seats that North American fleets. Growth in adoption of premium seats is expected to result from factors such as health, wellness and well-being technologies, and addressing growing problem of driver shortage. 40% of German truck drivers are set to retire by 2027 and 84% of French truck drivers aged over 30.

Key Topics Covered:

1. Executive Summary

2. Research Scope, Objectives, Background, And Methodology

3. Definitions And Segmentation

4. Market Overview

5. Trends Impacting Seating Systems

6. Market Forecast

7. Profiles Of Key Suppliers

8. Growth Opportunities In Seating Systems Market

9. Conclusion

10. Appendix

Companies Mentioned

• Commercial Vehicle Group
• Grammer AG
• Isringhausen GmbH

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View source version on businesswire.com: http://www.businesswire.com/news/home/20171213005995/en/