The major elements that are playing a vital
role in the expansion of the automotive seat market 2020 are the, increasing
comfort to the rider, manufacturers fixating on lightweight seats, increasing
advancement in the technology, expansion in the automotive sector, and others.
The auto manufacturers are moving ahead intending to innovate their products.
The major focus towards the smart seats for smart cars that will increase the
ease provided by the seat. The innovation integrated into the vehicle
seats will lead to the expansion of the market during the review period. The
automotive manufacturers in evolving nations are focusing on the advancement of
the lightweight interior parts, to enhance fuel-efficiency, which will emerge
as the growth of the market during the review period.
Market Segmentation
The automotive seat
market is divided based on
material, type, vehicle type, technology, and region.
On the basis of material, the market has
been segmented into synthetic leather and genuine leather.
On the basis of type, the market is
segregated into folding, bucket, bench, and others. The bench seat segment is
likely to acquire the monopoly of the market during the review period. This
will lead to increased use of bench seats in all types of vehicles, including
commercial vehicles, and passenger cars. This will result in the expansion of
the market during the review period.
On the basis of vehicle type, the market
has been segmented into a commercial vehicle and passenger car.
On the basis of technology, the market
has been segregated as heated, powered, powered & heated, and standard. The
powered & heated segment in the automotive seat market is believed to reign
the market during the forecast period because it assists with both power
capability and temperature control capability. The heated seats are majorly
integrated into most exclusive cars, which will lead to the rise of the market
during the forecast period.
On the basis of region, the market has
been segregated into Asia Pacific, Europe, and North America.
Regional Market
On the basis of region, the market has
been classified as Asia Pacific, Europe, North America, and the Rest of the
World. Asia Pacific region is likely to lead the automotive seat market during
the review period due to the rising demand for hybrid and electric vehicles in
developing countries such as China, India, and Japan. The Asia Pacific has achieved
the maximum manufacturing of passenger and commercial vehicles, owing to this,
the demand for installation of seats with the latest technology will eventually
rise. This will bring a positive impact on the market of the APAC region.
Europe is estimated to be the second-largest
market in automotive because of the high demand for luxury vehicles. The great
demand for luxury vehicles will claim modern technology to be integrated into
vehicles. Modern technology will lead to greater use of the powered and
heated seat in the vehicle. This will result in the rise of the market in
Europe.
North America is likely to be the third
most potent market in the automotive seat market during the forecast period due
to rising government regulation for the advancement of lightweight parts. The
lightweight seats in the vehicle will increase the fuel efficiency of the
vehicle and will drive the market in the future.
Key
Players
The
key players in automotive
seat
market are Marter Automotive Seating Systems (Turkey) Lear Corporation (U.S.),
Faurecia (France), Toyota Boshoku Corporation (Japan), Fisher and Company
(Austria), Grammer Seating Systems (Germany), Johnson Controls (U.S.), TS Tech Co. Ltd (Japan), Magna International
Inc. (Canada), IFB Automotive (India), Aktis Engineering Solutions (India), DURA
Automotive Systems (U.S.), Tata Autocomp Systems Limited (India), TM Automotive
Seating Systems Private Limited (India), and RECARO Automotive (Germany).
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