Automotive Seat Market: Trends, Opportunities, and Forecasts for 2016-2026

Posted by Kumar on May 19th, 2023

According to a report by TechSci Research titled "Global Automotive Seat Market By Technology, By Vehicle Type, By Material, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2026," the global market for automotive seats is projected to grow at a CAGR of 4 % during the forecast period. This growth can be attributed to the increasing demand for comfortable and luxurious seating experiences. The market is driven by factors such as rising per capita income and the need for lighter designs at a lower cost. Additionally, the global automotive seat market is expected to benefit from the increasing production and sales of automobiles worldwide and the free flow of capital.

The global automotive seat market can be segmented based on technology, vehicle type, material, and distribution channel. In terms of technology, the market can be categorized into standard, powered & heated, and massage seats. Among these, the powered & heated segment is expected to grow at the fastest rate, particularly in countries with colder climates. Based on material, the market can be segmented into fabric, genuine leather, and synthetic leather. The synthetic leather segment is predicted to experience high growth as it provides an elegant look and comfort similar to leather seats at a more affordable price.

Browse 214 market data Figures spread through 110 Pages and an in-depth TOC on "Global Automotive Seat Market"

https://www.techsciresearch.com/report/automotive-seat-market/2296.html

Prominent players operating in the global automotive seat market include Adient Plc., Lear Corporation, Faurecia Services Groupe Sasu, Magna International Inc., Johnson Controls Inc., Aisin Seiki Co. Ltd, Toyota Boshoku Corporation, NHK Spring Co. Ltd., and Faurecia SA, among others. These companies are implementing organic strategies such as product launches, mergers, and collaborations to drive growth in the market. They are also establishing research and development facilities and manufacturing units in different locations based on operational costs across various regions. Toyota Boshoku Corporation, for instance, entered into a joint sales agreement with Relan Group of Industries to manufacture seats and other components.

Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm, stated, "Asia-Pacific is expected to dominate the global automotive seat market due to the high production and sales of automobiles in countries such as China, Japan, and India. These regions offer favorable investment opportunities due to factors such as lower labor costs, available land, and lower electricity tariffs. Moreover, emerging trends in the automotive seating market, such as increased foreign direct investment in advanced and customized seating solutions, development of transport infrastructure, and government policies promoting electric mobility, are anticipated to further boost the automotive seat market in the Asia-Pacific region during the forecast period."

The report "Global Automotive Seat Market By Technology, By Vehicle Type, By Material, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2026" evaluates the future growth potential of the global automotive seat market, providing statistics and information on market size, structure, and future market growth. The report aims to deliver comprehensive market intelligence and assist decision-makers in making sound investment decisions. Additionally, it identifies and analyzes emerging trends, as well as essential drivers, challenges, and opportunities in the global automotive seat market.

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