Global Automotive Seats Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Global Automotive Seat Market is projected to grow at a CAGR of around 3.0% during the forecast period, i.e., 2023-28. The growth is primarily attributed to the elevating demand and development of hybrid and electric vehicles, which mainly incorporate modular seating systems. Additional features, including climate control, ventilation, better support, noise cancellation, safety, and more, are projected further to garner consumer interest and open avenues for the market. In addition, the rising focus on advanced driver assistance, electric vehicles, high-end cars, SUVs, and more is further expanding the market.
In addition, the Global Automotive Seats Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Key Driver: Ever-Expanding Demand for Hybrid and Electric Vehicles
The growing acceptance of hybrid and electric vehicles in emerging nations has accelerated automotive seat sales. With developments in the automotive industry, manufacturers focus on lightweight seats, comfort, and advanced features to lure more consumers. Besides, the manufacturer’s focus on smart cars is raising the market for smart seats. In addition, rising focus on advanced driver assistance, especially in automatic and semi-automatic vehicles, electric vehicles are likely to influence further development in the industry. Furthermore, government initiatives in emerging countries to promote electric vehicles consecutively propagate the seating enhancement industry. Thus, new advancements and increasing attention to hybrid and electric vehicles across developing countries are driving the automotive seat industry.
Global Automotive Seats Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Automotive Seats Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Type of seat
-Split seat
-Bench seat
-Split Bench seat
-By Type of Vehicle
-Passenger commercial Vehicles
-Heavy commercial vehicles
-Light commercial vehicles
-By Distribution channel
-OEM
-Aftermarket/ Retrofitting
-By Technology
-Standard seats
-Powered seats
-Heated seats
-Ventilated seats
-Massage seats
-Bucket seats
-By Material
-Fabric
-Synthetic Leather
-Genuine Leather
-By Region
-North America
-Latin America
-Europe
-Asia-Pacific
-Middle East
-Africa
Each sections offer valuable insights into the Automotive Seats Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Global Automotive Seats Industry
-Faurecia Services Group Sasu
-Dura Automotive Systems, LLC
-Lear Corporations
-Magna International Inc.
-Toyota Bushoku Corporation
-Tata Autocomp Systems
-Fisher and Company
-Johnson Controls Inc.
-Grammer Seating Systems
- TS Tech Co. Ltd.
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Global Automotive Seats Market Research Report Answers the Following Key Questions
- How big is the Global Automotive Seats Market?
- What is the projected growth rate or CAGR of the Global Automotive Seats Market during 2022-27?
- What are the key trends or growth opportunities for the key players in the Global Automotive Seats Market?
- Which ‘segment’ seems promising for companies operating in the Global Automotive Seats Market?
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