DUBLIN--(BUSINESS WIRE)--The "Automotive Seats Market by Technology (Heated, Powered, Ventilated, Massage, Memory & Standard), Type (Bucket, Bench), Trim Material (Fabric, Genuine & Synthetic Leather), Component, Vehicle Type & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The automotive seats market is projected to grow at a CAGR of 2.51% during the forecast period, to reach a market size of USD 73.03 billion by 2025, from USD 61.41 billion in 2018.
Increased sales of full-size SUV/MPV segment vehicles and premium vehicles are identified as the key drivers for this market. Alternatively, the high cost of the advanced and modular seats as compared with normal seats and keeping balance between low-cost production and customer-perceived value can hinder the growth of the market.
The genuine leather trim material segment is estimated to be the fastest market, during the forecast period owing to the increased premium vehicles sales globally. As per MarketsandMarkets analysis, the global premium vehicle sales grew by 5.22% between 2015 and 2016. Developed regions such as North America, Europe, and a few Asian countries such as Japan and South Korea are key markets for these vehicles. Also, the penetration of E, F, and SUV-D & SUV-E segment cars in the US was nearly 45-48% in 2017.
Asia Oceania is anticipated to be the largest market for automotive seats because of a dynamic change noticed in the automotive industry in the past few years; the region has also noticed a significant potential in the passenger and commercial vehicles production. As a result, Asia Oceania has been emerged as a hub for automobile production.
- Lear Corporation
- Toyota Boshoku
- Magna International
- TS Tech
- Aisin Seiki
- NHK Spring
- Kahovec, S R.O.
- Pheonix Seating
- Guelph Manufacturing
- Freedman Seating
- Daewon Kang
- Tata Autocomp
- Summit Auto Seats
- Harita Seating
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Seats Market, By Technology
7 Automotive Seats Market, By Trim Material
8 Automotive Seats Market, By Components
9 Automotive Seats Market, By Vehicle Type
10 Automotive Seats Market, By Electric & Hybrid Vehicle
11 Automotive Seats Market, By Type
12 Automotive Seats Market, By Region
13 Competitive Landscape
14 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/rkbq3n/global_automotive?w=4