What Does Lear offer?
Lear Corporation is a leading Tier 1 supplier to the global automotive industry. They supply seating, electrical distribution systems, and electronic modules, as well as related sub-systems, components, and software, to all of the world's major automotive manufacturers. As of December, 2018 they had 261 manufacturing, engineering, and administrative locations in 39 countries and are continuing to grow the business in all automotive producing regions of the world, both organically and through complementary acquisitions. Its manufacturing footprint reflects more than 145 facilities in 22 low cost countries.
Lear's main customers are automobile manufacturers across the globe.
What Are The Alternatives?
Major competitors are companies like Adient, Magna Faurecia, BorgWarner, LKQ, and Gestamp.
What Is The Basis of Competition?
Lear and most its competitors are seeking to expand market share with new and existing customers, including in Asia and other potential high growth regions. The customers award business based on, among other things, price, quality, service, and technology.
Has 2 Operating Segments-
Seating — The Seating segment consists of the design, development, engineering, just-in-time assembly and delivery of complete seat systems, as well as the design, development, engineering, and manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests.
E-Systems — The E-Systems segment consists of the design, development, engineering and manufacture of complete electrical distribution systems, as well as sophisticated electronic control modules, electrification products, and connectivity products.