Market For Automotive Seat is Segmented by Type (Bench, Bucket, Folding, and Others), Technology (Powered, Heated, Powered & Heated, Standard), Material (Genuine Leather, Synthetic Leather, and Fabric), Vehicle Type (Passenger Car and Commercial Vehicle), and region.
Automotive Seat Market Key Companies Analyzed:
Lear Corporation (U.S.), TM Automotive Seating Systems Private Limited (India), Faurecia (France), Toyota Boshoku Corporation (Japan), Tata Autocomp Systems Limited (India), TS Tech Co. Ltd (Japan), Magna International Inc. (Canada), Aktis Engineering Solutions (India), Fisher and Company (Austria), Marter Automotive Seating Systems (Turkey), IFB Automotive (India), DURA Automotive Systems (U.S.), Grammer Seating Systems (Germany), Johnson Controls (U.S.), and RECARO Automotive (Germany).
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Global Automotive Seat Market Highlights:
The primary focus is on smart seats for smart cars that will enhance the comfort provided by the seat. The innovation made in the vehicle seats, will result in the growth of the market during the forecast period. The automotive manufacturers in emerging nations are focusing on the development of the lightweight interior parts, to improve the fuel efficiency, which will result in the growth of the market during the forecast period.
The management trends in the market are reinforcing the level of growth that can be achieved in the current market scenario. The variations seen in terms of strategy implementation and creation are modifying the development pace of the market. The market is also well equipped to meet the challenges and keep up with the dynamic growth trends efficiently. The market contenders are making considerable adjustments to minimize the incidence of competitive disadvantage. The development patterns are reworked in tandem to the customer likings to realize the highest growth, and in the long run, viability. The plan formulation process in the market has become notably easier in which deviations are well accounted for, this approach increases the overall success of these plans in the market. The context for growth plans also has inspired the market for possible new entrants.
The automotive OEMs of seats are majorly focusing on developing lightweight seats to reduce the overall weight of the vehicle and improve the fuel efficiency of the vehicle. The manufacturing of seats is very expensive, which has stood in the way of the manufacturers to reduce their cost, resulting in a restraint in the market. According to Faurecia, seats account for about 5% of the total cost incurred in the vehicle.
Regional Analysis:
The regional analysis of the automotive seat market comprises of Asia Pacific, Europe, North America, and Rest of the World.
The Asia Pacific region is anticipated to control the automotive seat market through the forecast period owing to the rising demand for hybrid and electric vehicles in developing nation such as China, India, and Japan. The Asia Pacific has observed the maximum production of commercial and passenger vehicle, owing to which, the demand for installation of seats with the latest technology, is set to rise. This will motivate the market in the Asia Pacific region. The European region is likely to be the next chief market and is anticipated to lead owing to surging demand of high-end cars in the European region. The high-end cars will expect involve the latest technology to be installed in the vehicles, which will result in the amplified use of seats in the vehicles.
Market Segments Analysis:
The automotive seat market is segmented based on type, material, technology, and vehicle type.
By type, the market is segmented as bench, bucket, folding, and others. The bench seat segment is expected to dominate the market during the forecast period because it can accommodate more than two persons. This will result in the increased use of bench seat in all types of vehicles, including passenger cars and commercial vehicles. This will lead to the growth of the market during the forecast period.
By technology, the market has been segmented as powered, heated, powered & heated, and standard. The powered & heated segment in automotive seat market is expected to dominate the market during the forecast period because it provides both power capability and temperature control capability. The heated seats are mainly installed in the high-end cars, which will result in the growth of the market during the forecast period.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
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 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
List Of Tables:
Table 1 Global Automotive Seat Market: By Region, 2017-2023
Table 2 North America Automotive Seat Market: By Country, 2017-2023
Table 3 Europe Automotive Seat Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive Seat Market: By Country, 2017-2023
Table 5 RoW Automotive Seat Market: By Country, 2017-2023
Table 6 Global Automotive Seat Market, By Technology, By Regions, 2017-2023
Continued…
List Of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Seat Market SHARE, By Type, 2016 (%)
FIGURE 9 Global Automotive Seat Market, By Type, 2015-2023 (USD MILLION)
FIGURE 10 Global Automotive Seat Market SHARE, By Material, 2016 (%)
FIGURE 11 Global Automotive Seat Market, By Material, 2015-2023 (USD MILLION)
FIGURE 12 Global Automotive Seat Market SHARE, By Technology, 2016 (%)
FIGURE 13 Global Automotive Seat Market, By Technology, 2015-2023 (USD MILLION)
Continued…
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