Press release
New Trends in Automotive Seats Market | Emerging Technology with prominent Key Players (ADIENT PLC., FAURECIA, LEAR CORPORATION and GRUPO ANTOLIN)
Market Analysis:The automotive seats market is directly dependent on the number of vehicles produced. The automotive seats market is being driven by the growth in the production and sales of cross over models and sport utility vehicles (SUV) as these type of vehicles have more seating content than other types of passenger vehicles such as Sedans and Hatchbacks. The growth in the sales of SUVs is majorly led by China the largest automotive market and also the largest automotive manufacturer.
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The ongoing trend of vehicle light weighting is driving the automotive seats market. The automotive seats are being tailored for advanced automotive technologies such as autonomous vehicles and electric vehicles and the share of such automobiles is poised to grow as automakers and other tech giants such as have invested in R&D programmes to develop these technologies. The market is characterized by tight competition between established companies. The high growth in the sales of SUVs and the ongoing trend of vehicle light weighting is driving the automotive seats market.
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Market Segments:
Automotive Seats Market is segmented by:
1. Material: Leather, Fabric
2. Technology: Standard Seats, Powered Seats, Ventilated Seats, Other Seats
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
August, 2017: Lear Corporation, a leading supplier of automotive seating, announced plans to set up a new world-class automotive seat manufacturing facility in Michigan. The company will supply seats for General Motors
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