LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive racing seat market and it is poised to grow by 434.33 thousand units during 2020-2024, progressing at a CAGR of about 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive racing seat market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
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Based on segmentation by application, which is the leading segment in the market?
The high-performance segment led the market in 2019.
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What are the major trends in the market?
The growing popularity of racing events in developing economies is the major trend in the market.
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At what rate is the market projected to grow?
The market is projected to grow at a CAGR of about 9% during 2020-2024.
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Who are the top players in the market?
BRAUM Racing, COBRA SEATS, Corbeau USA LLC, Faurecia SA, Lear Corp., MW Company LLC, OMP Racing SPA, RACETECH MANUFACTURING LTD., RECARO Holding GmbH, and Sparco Spa are the top players in the market.
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What are the key market drivers and challenges?
The market is driven by the advent of lightweight seats. However, the high pricing of racing seat technology will challenge growth.
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How big is the European market?
Europe dominated the market with a 42% share in 2019.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BRAUM Racing, COBRA SEATS, Corbeau USA LLC, Faurecia SA, Lear Corp., MW Company LLC, OMP Racing SPA, RACETECH MANUFACTURING LTD., RECARO Holding GmbH, and Sparco Spa are some of the major market participants. Although the advent of lightweight seats will offer immense growth opportunities, the high pricing of racing seat technology is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive racing seat market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Racing Seat Market 2020-2024: Segmentation
Automotive Racing Seat Market is segmented as below:
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Application
- High-performance
- Eco-performance
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Geography
- Europe
- North America
- APAC
- MEA
- South America
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Automotive Racing Seat Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive racing seat market report covers the following areas:
- Automotive Racing Seat Market Size
- Automotive Racing Seat Market Trends
- Automotive Racing Seat Market Industry Analysis
This study identifies the growing popularity of racing events in developing economies as one of the prime reasons driving the Automotive Racing Seat Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Racing Seat Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive racing seat market growth during the next five years
- Estimation of the automotive racing seat market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive racing seat market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive racing seat market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- High-performance - Market size and forecast 2019-2024
- Eco-performance - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BRAUM Racing
- COBRA SEATS
- Corbeau USA LLC
- Faurecia SA
- Lear Corp.
- MW Company LLC
- OMP Racing SPA
- RACETECH MANUFACTURING LTD.
- RECARO Holding GmbH
- Sparco Spa
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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