Global Car Power Seat Switches Market Booming Worldwide with Latest Trend and Future Scope by 2028

The global car power seat switches market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period (2022-2028). Car power seat switches are the switches integrated into the car seats that are used to move the seats that are electrically operated. These switches can be used for the movement in various directions including backward, forward, or height of the seat. The major factor attributing to the growth of the global car power seat switches market includes the increasing number of motor vehicle production and sales across the globe. According to the 2021 Production Statistics report published by the International Organization of Motor Vehicle Manufacturers (OICA), around 80 million motor vehicles were produced across the globe in 2021. Among these, around 23 million commercial vehicles including commercial cars were manufactured and around 57 million passenger cars were produced in 2021. Furthermore, according to the Global Sales Statistics report published by the International OICA, around 82 million motor vehicles were sold across the globe in 2021. Among these, around 56 million passenger cars were sold, and 26 million commercial vehicles were sold in 2021. Thus, increasing the application of power seat switches in cars.

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The application of car power seat switches is also increasing in cars due to the several benefits provided by these power seats, including adjustments of various seat parts including under-thigh support, lower back, the height of the front seat portion, the height of the rear-seat portion, headrest, upper back, the side bolsters, and level of seat cushioning. Thus, contributing to the growth of the global car power seat switches market.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Sun Capital Partners Inc. signed a definitive agreement to sell C&K Components LLC, an electro-mechanical switches manufacturer to little fuse Inc. for $540 million.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Car Type
By Sales Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Tokai Rika Co. Ltd., Toyo Denki Seizo K.K., Marquardt Management SE, C&K Components LLC, and Omron Corp., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Car Power Seat Switches Market Report by Segment

By Car Type

Hatchback
SUV
Sedan
MPV
Others

By Sales Channel

OEM
Aftermarket

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This release was published on openPR.