A report by Marker Research Future (MRFR) estimates the global automotive seat market 2020 to rise at a generous CAGR during the forecast period from 2017 to 2023. At this pace, the opportunities in the worldwide automotive seat market are estimated to swell up with high valuation by the end of the year 2023.
Top Impacting Factors
Seating systems are designed with a purpose to accommodate a person’s seating in a vehicle. Seating has modified since some years ago through simple seating systems to a complex masterpiece in order to fulfill the desires of consumers and manufacturers. As per the study coming in front by MRFR experts, it has been witnessed that consumer demand for comfort and luxury in the automotive industry is estimated to drive the automotive seats market to a great extent. Low-temperature regions such as North America and Europe witness a high demand for heated seats. The study found that heated seats are accompanied by a heating element that warms the cushion and provides comfortable seating during winters. Cars manufactured by General Motors are equipped with an auto heat option that adjusts the heating control as per the temperature of the vehicle interior. Therefore, the rising sales of premium and luxury cars are likely to boost the demand for heated seats, which in turn would be propelling the automotive seat market in the coming years.
In the region of India, manufacturers of luxury vehicles offer sorted ventilated seats. The rise in disposable income among consumers, mainly in the Middle East & Africa and the Asia Pacific, is probable to fuel the demand for automotive seats, which notably contributes nearly 6% of the total vehicle weight. In fact, the rising trend of light-weighting automotive seats is also boosting the usage of lightweight material as well as foam in the manufacture of automotive seats.
Some of the other significant factors, such as recovery in vehicle production, mounting demand for safety features, and growth of various segments, are also motivating the automotive seating market. In fact, several Government initiatives for Foreign Direct Investments (FDI) are undoubtedly supporting the automotive seating market to gain its maximum valuation in the forecast period. Furthermore, the rates of customers’ inclination demand for luxurious seating systems are presently creating more and more opportunities in the Automotive seating market. With this, manufacturers are taking initiatives in research and development activities to make products luxurious as well as safety purposes.
In the last, the factor of growing development in technology is making news and going to affect the market dynamics of the automotive seat in the approaching years.
MRFR profiled key global Automotive Seat Market players. They are:
The report by MRFR’s analysts has listed some of the best market players actively participating in the expansion of the global automotive seat market. Hence the players are listed as Lear Corporation (U.S.), Faurecia (France), Aktis Engineering Solutions (India), Johnson Controls (U.S.), TS Tech Co. Ltd (Japan), Toyota Boshoku Corporation (Japan), DURA Automotive Systems (U.S.), IFB Automotive (India), Magna International Inc. (Canada), RECARO Automotive (Germany), Tata Autocomp Systems Limited (India), Fisher and Company (Austria), Marter Automotive Seating Systems (Turkey), Grammer Seating Systems (Germany), TM Automotive Seating Systems Private Limited (India).
Get a FREE Report Sample with Table of Contents and Figures @ https://www.marketresearchfuture.com/sample_request/5495
Segmentation of Market:
From the viewpoint of segmental analysis, the automotive seat market has been studied among the segments of type, technology, material, and vehicle.
Among the type segment, the market has included bucket, bench, folding, and others. Among these, the bench seat segment will likely lead the market throughout the forecast period owing to its capability to accommodate more than two persons. This will result in the augmented use of bench seats in all types of vehicles, including passenger cars and commercial vehicles, and thus will lead to the growth of the market in the future timeframe.
Among the technology segment, the market has been segregated into powered & heated, heated, powered, and standard. Where powered & heated segment in the automotive seat market is likely to dominate the market throughout the forecast period as it provides both power capability and temperature control capability. The heated seats are primarily installed in high-end cars, which will result in the growth of the market during the forecast period.
From the viewpoint of geographical study estimates that crucial regions such as Europe, Asia Pacific, North America, and the Rest of the World are the top-grossing and making news in initiating more valuation in the forecast period.
Emerging trends in automotive seating systems, mounting vehicle production are the major factors motivating the growth for the Automotive seating market in the APAC region. Countries like China, India, Japan, and South Korea are the prime contributors to the automotive seating market from the entire world.
Foreign Direct Investment and Government Policies that are supporting manufacturers are notably playing a pivotal role in fostering the market in North America and Europe region. The majority of top OEMs are from North America and Western Europe. Thus, customers’ demand for luxury seating is, therefore, creating more opportunities and challenges to manufacturers.
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
Get Attractive Discount on @ https://www.marketresearchfuture.com/check-discount/5495
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Browse Complete Report @ https://www.marketresearchfuture.com/reports/automotive-seat-market-5495
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Sakshi Mishra
Email: Send Email
Address:Office No. 528, Amanora Chambers Pune – 411028