Thursday, 4 April 2019

Passenger Car Segment to Dominate Automotive Seat Market: TechSci Research


Growing production and sales of vehicles to drive global automotive seat market through 2024  

According to TechSci Research report, Global Automotive Seat Market By Technology, By Vehicle Type, By Material, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024, global automotive seat market is expected to witness significant growth on account of increasing demand for comfortable and luxurious seating experience. Surging need for developing lighter designs at lower cost is anticipated to drive global automotive seat market through 2024. Moreover, rising production and sales of automobiles globally along with open flow of capital is further expected to positively influence the growth of global automotive seat market in the coming years.

Global automotive seat market can be segmented based on technology, vehicle type, material and distribution channel.  In terms of technology, the market can be segmented into powered, heated, powered & heated, massage, standard and others. Massage seats are gaining traction in developed and developing economies on account of growing preference and demand for comfortable and leisure features in vehicles. Growing demand for premium vehicles is further expected to positively influence the growth of this segment as massage seats come in premium vehicles. On the basis of material, the market can be segmented into fabric, genuine leather and synthetic leather. Synthetic leather segment is predicted to grow at high rate as it is cheaper than genuine leather and possesses elegant look.

Johnson Controls Inc., Lear Corporation, Aisin Seiki co. Ltd, Magna International, Toyota Boshoku Corporation, NHK Spring Co. Ltd., Adient Plc, Faurecia SA, among others are the leading players operating in global automotive seat market. Companies operating in the market are using organic strategies such as product launches, and mergers and collaborations in order to register positive growth in the market. Toyota Boshoku Corporation entered into joint sales agreement with Relan Group of Industries for making seats and other components.

 
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“Asia-Pacific is expected to dominate global automotive seat market owing to high production and sales of automobiles in the economies such as China, India and Japan. Moreover, emerging trends in the automotive seating, rising foreign direct investment and government policies are further anticipated to boost Asia-Pacific automotive seat market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Automotive Seat Market By Technology, By Vehicle Type, By Material, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global automotive seat market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global automotive seat market.


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About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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