Published on : May 24, 2017
Albany, New York, May 24, 2017: From the past few years, increased comfort level for the passenger and lightweight automotive seats has been acting as the main drivers for the automotive seat market growth. As everyone goes for comfort without compromising the safety, the automotive seat market has emerged as a very competitive and innovative market which is growing continuously. To elaborate the topic, Market Research Hub (MRH) has recently added an in-depth report titled as “Global Automotive Seats Market 2017-2021” to its vast repository. This detailed study has analyzed the market and has projected a CAGR of 4.69% during forecasted period of 2017-2021.
Automotive seat manufacturers are currently focusing on the lightweight design, which is fuel efficient that reduce the cost for the customers. Also, the customer demand for low cost, fuel efficient, safety and comfort are increasing, thus to comply with these demands various designs are being experimented in the market. The advent of ‘heated seats’ has gained huge momentum, as it helps reduce stress on the spine and body’s muscular system. Due to this, the coming years has witnessed an increase in the demand for heated seats and proportionally automotive seat market.
The research study starts with the overview, scope and research methodology. Moving further, it describes the key market highlights, market dynamics, market size, and forecast. The report has segmented the market of automotive seat market by application, and by geography.. On the basis of application, the market is segregated by global automotive seat market in passenger cars, LCVs and in M&HCVs. Considering the geographical scenario, the report comprises the automotive seat market in the major regions including APAC, EMEA, and Americas. Key market drivers analyzed in the report are low penetration of cars in emerging economies, increasing demand for SUVs and crossovers, growing preference for heated seats in luxury vehicles and increase in average miles driven and long distance traveling. Also, some of the major market challenges include a rise in car-sharing services in China, India, and Brazil, government regulations for owning cars in China, growing dependency on public transport and risk of injuries due to heated seats.
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In the next segment, the report provides the key market trends contributing towards the market growth such as growing use of lightweight materials in automotive seat systems, increasing preference for better automotive seats in smaller passenger cars and rising demand for luxurious seating system. The competitive landscape for key vendor are also analyzed with their business overview and recent development, top players in the market of automobile seats market are Faurecia, RECARO Automotive, TS Tech, Lear and Gentherm. Finally, the summation is done by providing the other prominent vendors in the market that features Brose, Cobra Seats, TOYOTA BOSHOKU, GRAMMER, Antolin Irausa and Magna International.
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