Automotive Seats Market to incur value growth at 3.7% CAGR by 2023

Automotive Seats Market is set to surpass and to be valued at US$ 74.19 Bn by 2025 in terms of sales.

"Automotive Seats Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)" is the new report published by Persistence Market Research for the assessed period of 8-years, i.e. 2017-2025. The passenger cars segment is expected to witness significant investments in technology over the projected period.

The main objective of this 8-years report is to provide updates and market opportunities in global automotive seats market. We have analyzed the global automotive seats market to estimate and comprehend the overall scenario of the market. The report is categorized into six segments based on vehicle type, product type, cover material, technology, sales channel and region. It calculates the global automotive seats market in terms of value (US$ Mn).

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Cost structure and value chain analysis - Two important elements of this report

The report is mainly based on value chain and cost structure analysis. It starts with an executive summary of global automotive seats market. Our team have analyzed the key trends, drivers and restraints from the supply and demand acuity under this particular section of the report. This new publication has included automotive seats market definition to understand the entire process and its components for market analysis along with the product lifecycle of automotive seats.

Furthermore, an estimation over market size and percentile share for various segments in the global automotive seats market is provided with the cost structure analysis. The market has been tracked from the supply side and the demand size has been considered to triangulate the approach. Macroeconomic indicators such as GDP, Automotive sector growth, global trade statistics automotive industry growth have been considered.

Bottom-up approach has been used to assess market numbers for each product category, while top-down approach has been used to counter validate the market estimations. In the final segment of the report, the global automotive seats market landscape is encompassed to provide report viewers with a dashboard outlook, based on classifications of providers through the value chain, presence in an automotive seats product portfolio and key differentiators.

Drivers, Restraints, and Challenges:

Drivers:

• Increasing demand for comfortable and advanced seats: The demand for comfortable and advanced automotive seats is growing, particularly in luxury vehicles, as consumers prioritize comfort and convenience.

• Growing demand for electric vehicles: The increasing popularity of electric vehicles is driving the demand for lightweight and energy-efficient seats that can enhance the range of the vehicle.

• Technological advancements in automotive seat design: The integration of advanced technologies, such as seat heating, cooling, and massage features, is driving the demand for innovative seat designs.

• Growing automotive industry: The expanding automotive industry and rising production of vehicles globally are driving the demand for automotive seats.

• Increasing awareness of safety and comfort: Consumers are becoming more aware of the importance of safety and comfort in vehicles, leading to a growing demand for automotive seats that can meet these expectations.

Restraints:

• High cost of advanced seats: The advanced features and technologies integrated into automotive seats increase their production cost, making them unaffordable for some consumers.

• Economic downturns: Economic downturns can impact the demand for new vehicles, leading to a decrease in demand for automotive seats.

• Stringent government regulations: Government regulations aimed at improving fuel efficiency and reducing emissions can limit the design and manufacturing of automotive seats.

Challenges:

• Sustainability: The automotive industry is under pressure to reduce its carbon footprint, which poses a challenge for the production of automotive seats that require various materials, including plastics and metals.

• Safety concerns: The increasing complexity of seat designs and features can raise concerns about the safety and reliability of the seats.

• Evolving consumer preferences: As consumer preferences and expectations continue to evolve, automotive seat manufacturers must keep up with these changes by designing seats that meet the latest trends and demands.

Our exclusive research methodology

To compute the market size, the report analyses total automotive seats production and sales in global market. The figures are validated by accessing the supply side and estimated the revenue created from automotive seats products. It is further authenticated through secondary research, and qualitative inputs from primary respondents are incorporated to arrive at the appropriate market size.

The number of OEMs, Tier I, II and III players across globe are tracked and their revenue from automotive seats is estimated. When developing the market estimation, current market sizing has been done at the initial stage that forms the foundation to calculate the market size for the next eight years. Based on the aspects of the market, we reached the conclusion depending upon various analysis results based on the supply side and demand side. However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than explaining to them after the forecast has been completed.

Another key feature of this report is the thorough analysis of the global automotive market and its revenue forecast in terms of the absolute dollar. This is traditionally unnoticed while forecasting the market. However, absolute dollar opportunity is critical in evaluating the opportunities that a provider can look to achieve, as well as to classify potential resources from a sales viewpoint in the global automotive seats market.

Key market segments covered in this report

By Product Type

• Bench
• Bucket

By Vehicle Type

• Passenger Cars
• LCV (Light Commercial Vehicles)
• HCV (Heavy Commercial Vehicles)

By Cover Material

• Genuine Leather
• Synthetic Leather
• Fabric Material

By Technology

• Standard
• Powered
• Heated
• Massage

By Sales Channel

• OEM (Original Equipment Manufacturer)
• Aftermarket

By Region

• North America
• Latin America
• Europe
• APAC
• MEA

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This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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FAQ:

1. Which regions will continue to remain the most profitable regional markets for automotive seats market players?
2. Which factors will induce a change in the demand for automotive seats during the assessment period?
3. How will changing trends impact the automotive seats market?
4. How can market players capture the low-hanging opportunities in the automotive seats market in developed regions?
5. Which companies are leading the automotive seats market?
6. What are the winning strategies of stakeholders in the automotive seats market to upscale their position in this landscape?

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About us:
The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about the automotive and transportation industry encompassing the automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services, and technology landscape have helped numerous industry stakeholders' right from automakers, component manufacturers, channel partners, and service providers in taking informed decisions and keeping them up-to-date with market behavior.

This release was published on openPR.