Global Automotive Seats Market

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Global Automotive Seats Market was valued US$51.89Bn. in 2019 and the total revenue is expected to grow about CAGR3% from 2020 to 2027, reaching US$ xxBn.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long-term impact on the market, same will help decision makers to prepare the outline for short term and long-term strategies for companies by region.

Global Automotive Seats Market: Overview
Automotive Seats market majorlydriven by the factors such as increasing in the sales and production of vehicles across the globe to meet the rising demand from increasing urban population in emerging economies such as India, China and few otherdeveloping countries. The growth in production and sales of vehicles both passenger and commercial type for better safety and comfort of driver is leading factor, the Asia Pacific region is largest automotive ...
... market in the world fueled by a decent economic growth rate and increasing external trade. The innovation made in the vehicle seats and into its technology has led the result in to the growth of the market during the forecast period. High value of advanced and standard seats as compared with traditional seats can act as restraints to the market.

Global Automotive Seats Market: Drivers&Restraints
Customer’s demands for comfortable and safe vehicle seat growing with increasing vehicle production. Passenger vehicle segment is majorly growing in global Automotive Seats Market.Luxurious and innovative design seats are gaining popularity and the designer seats gives more premium style to interior of vehicle, OEMs are providing custom seats material option in some variants that could satisfy consumer expectations.

Manufacturers are trying to reduce vehicle weight to increase efficiency, to serve this purpose manufacturers are preferring lightweight components such as light weight automotive seats. Governments also applying norms such as CAFÉ (corporate average fuel economy) are driving the light weight seats global market.

Comfort and convenience offered by modular seats such as powered, ventilated, massage, heated, and climate controlled over the conventional seats.The advance modular seats are costlier;hence they are usually used in premium and Luxury segment cars. Somepremium and medium passenger car models in developed countries offer memory seats as a standard feature in top-end variants.

Global Automotive Seats Market: Opportunity
Increasing preference for ride sharing and growing focus on autonomous cars
Advanced driver assistance technologies are getting popular and manufacturers are focusing on development the technology, owing to the goal of introduction of fully automated driving vehicle.Ride sharing and Car sharing services also preferred by customer as mobility on demand service. Victoria Transport Policy Institute (VTPI) conducted a survey, less than 30% of full autonomous cars would used for privately owned and remaining will be used for ride sharing.

The automakers are demanding more light weight seats to reduce total vehicle weight in order to increase fuel efficiency, Seat manufacturers are developing more luxurious and technologically advance seats with keeping low production cost. Limited material options and seat manufacturing process is complex, creating challenges to keep manufacturing cost low.

Global Automotive Seats Market: Regional Overview
By region, Global Automotive Seats Market is segmented into Asia Pacific, North America, Europe, South America and Middle East & Africa. The Europe and North America are the main regions in the progress of new technology in automotive industry, increasing advance automotive seats for luxury and premium vehicle,owing this region is showing growth in market forAutomotive Seats. Asia Pacific region is major market for the growth of passenger vehicle about 68% of global passenger vehicle can be found in this region,Asia Pacific region is also showing growth in Premium vehicle expected to grow at faster rate in future. China has largest market share in Global Automotive Seats Market.

The report also helps in understanding Automotive Seats Marketdynamics, structure by analyzing the market segments and projects the Automotive Seats Marketsize. Clear representation of competitive analysis of key players by Supply Chain, price, financial position, Product portfolio, growth strategies, and regional presence in the Automotive Seats Marketmake the report investor’s guide.

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Scope of the Automotive Seats Market

Automotive Seats Market, By Technology

• Standard
• Powered
• Heated
• Heated & Memory
• Other Technology
Automotive Seats Market, By Seat Type

• Bucket
• Bench
• Split Bench
Automotive Seats Market, By Trim Material

• Fabric
• Synthetic Leather
• Genuine Leather
Automotive Seats Market, By Vehicle Type

• Passenger Vehicle
• Light Weight Commercial Vehicle
• Medium Weight Commercial Vehicle
• Heavy Weight Commercial Vehicle
• Other
Automotive Seats Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Automotive Seats Market

• Faurecia
• Magna Seating Inc
• Lear Corporation
• TS TECH CO., LTD
• RECARO GmbH & Co.KG
• Gentherm.
• Adient
• Lear
• Toyota Boshoku
• Hyundai DYMOS
• NHK Spring
• Tachi-S
• Aisin Seiki Co., Ltd

This Report Is Submitted By : Maximize Market Research Company

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