Automotive Seat Market by Current, Upcoming Trends and Opportunities to 2023
Market Synopsis
The major elements that areplaying a vital role in the expansion of the automotive seat market 2020 arethe, increasing comfort to the rider, manufacturers fixating on lightweightseats, increasing advancement in the technology, expansion in the automotivesector, and others. The auto manufacturers are moving ahead intending toinnovate their products. The major focus towards the smart seats for smart carsthat will increase the ease provided by the seat. The innovationintegrated into the vehicle seats will lead to the expansion of the marketduring the review period. The automotive manufacturers in evolving nations arefocusing 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.
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Market Segmentation
The automotive seat market isdivided based on material, type, vehicle type,technology, and region.
On the basis of material, themarket has been segmented into synthetic leather and genuine leather.
On the basis of type, the marketis segregated into folding, bucket, bench, and others. The bench seat segmentis likely to acquire the monopoly of the market during the review period. Thiswill lead to increased use of bench seats in all types of vehicles, includingcommercial vehicles, and passenger cars. This will result in the expansion ofthe market during the review period.
On the basis of vehicle type, themarket has been segmented into a commercial vehicle and passenger car.
On the basis of technology, themarket has been segregated as heated, powered, powered & heated, andstandard. The powered & heated segment in the automotive seat market isbelieved to reign the market during the forecast period because it assists withboth power capability and temperature control capability. The heated seats aremajorly integrated into most exclusive cars, which will lead to the rise of themarket during the forecast period.
On the basis of region, themarket has been segregated into Asia Pacific, Europe, and North America.
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Regional Market
On the basis of region, themarket has been classified as Asia Pacific, Europe, North America, and the Restof the World. Asia Pacific region is likely to lead the automotive seat marketduring the review period due to the rising demand for hybrid and electricvehicles in developing countries such as China, India, and Japan. The AsiaPacific has achieved the maximum manufacturing of passenger and commercial vehicles,owing to this, the demand for installation of seats with the latest technologywill eventually rise. This will bring a positive impact on the market of the APACregion.
Europe is estimated to be thesecond-largest market in automotive because of the high demand for luxuryvehicles. The great demandfor luxury vehicles will claim modern technology tobe integrated into vehicles. Modern technology will lead to greater useof the powered and heated seat in the vehicle. This will result in the rise ofthe market in Europe.
North America is likely to be thethird most potent market in the automotive seat market during the forecastperiod due to rising government regulation for the advancement of lightweightparts. The lightweight seats in the vehicle will increase the fuel efficiencyof the vehicle and will drive the market in the future.
AutomotiveSeat Market Key Players
The key players in automotiveseat market areMarter Automotive Seating Systems (Turkey) Lear Corporation(U.S.), Faurecia (France), Toyota Boshoku Corporation (Japan), Fisher andCompany (Austria), Grammer Seating Systems (Germany), Johnson Controls (U.S.), TS Tech Co. Ltd (Japan), Magna InternationalInc. (Canada), IFB Automotive (India), Aktis Engineering Solutions (India),DURA Automotive Systems (U.S.), Tata Autocomp Systems Limited (India), TMAutomotive Seating Systems Private Limited (India), and RECARO Automotive(Germany).
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power OfSuppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply ChainAnalysis..
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