EDITORIAL – Investments in connectivity and electrification technologies to drive growth of Lear’s E-Systems business

Technology Trends

Industry trends such as electrification and connectivity will offer Lear’s E-Systems business better growth opportunity than its Seating business

Last week, Lear held an ‘Investor Day’ event in Michigan (United States) outlining its future growth strategy for the next five years. The company forecasts its sales to grow at a compound annual growth rate (CAGR) of around 7% to USD30 billion by 2023, compared with USD22 billion expected this year. Interestingly, Lear expects its much smaller E-Systems business to grow at faster rate than its Seating business, which drove its financial performance in the past five years.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload