Market Insights
As per recent research by MarkNtel Advisors, The Global Automotive Seats Market is likely to grow at around 3.0% CAGR during the forecast period, i.e., 2023-28.
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.
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Market Segmentation and Consumer Behavior:
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
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Automotive Seats Market Geographical Analysis:
By Region:
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East
- Africa
Key Players and Competitive Strategies in the Automotive Seats Market
Several prominent players dominate the Automotive Seats Market, including:
- 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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Questions Addressed in this Study
1.What factors are driving the Automotive Seats Market growth?
2.How is the Automotive Seats Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Automotive Seats Market?
4.What is the current size of the Automotive Seats Market, and how is it projected to change in the future?
5.What is the future outlook for the Automotive Seats Market in terms of technological advancements and market expansion?
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