Passenger Car Seat Market 2023 | Futuristic Technology- Adient Plc, Faurecia, Lear Corporation, Toyota Boshoku Corporation, Magna International

The Passenger Car Seat report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.

The Passenger Car Seat research report recognizes and gets fundamental and various sorts of market frameworks under development. Moreover, the Passenger Car Seat research report successfully consolidates procurement by distinguishing central parts with the most encouraging business sector. Likewise, the information figures massive contender data, examination, and bits of knowledge to develop R&D systems further.

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The passenger car seat market is projected to grow from USD 42.5 billion in 2023 to USD 46.1 billion by 2030, at a CAGR of 1.1%. This report spread across 281 pages, profiling 05 companies and supported with tables and figures are now available in this research.

Top Key Players profiled in the Passenger Car Seat Market:
-Adient Plc (US)
-Faurecia (France)
-Lear Corporation (US)
-Toyota Boshoku Corporation (Japan)
-Magna International (Canada)

"Americas is the second largest market for passenger car seat market."
According to OICA, the passenger car market in the Americas was 13.8 million units in 2020, which rose by 14.5 million units in 2022 and is expected to rise by 15.2 million units in 2023. SUVs are trendy in the Americas, especially in the United States, as they are used for commuting and off-road driving, whereas pickup trucks are the second largest popular vehicle. Some of the most popular SUVs in the Americas are Ford's Explorer, Toyota's Highlander, and Honda's Pilot.

"Bucket Seats are the largest seat type market."
Growing passenger car production, an increase in demand for cabin comfort &demand for full-size SUVs has led to the bucket seat segment occupying the leading position in this segment. According to the International Organization of Motor Vehicle Manufacturers (OICA), the share of passenger car production in the top regions is as below:

These seats provide better support and lateral confinement, which is important for performance driving. Furthermore, the passenger car and SUVs contributed~56% and ~27% in 2019 in total passenger cars production, but the market share for SUVs increased by ~38%. In contrast, the percentage of passenger cars dropped to ~48% in 2022.This increase in the popularity of SUVs and crossovers due to economic growth and urbanization led to rise in demand for performance cars and, ultimately, the need for bucket seats.

"The powered, heated, and ventilated seats will hold the second largest market by volume in the technology type of passenger cars seats."
Powered, heated, and ventilated seats will have the second fastest-growing market with a CAGR of 4.7% during the forecasted period. Powered, heated, and ventilated seats are sought-after features in SUVs and passenger cars, providing occupants with personalized comfort, temperature control, and an enhanced driving experience. Regional climate variations influence the demand for heated and ventilated seats. In colder climates, heated seats are highly desirable, providing warmth during cold winters. In hotter climates, ventilated seats offer relief from high temperatures, enhancing passenger comfort

Breakdown of primary participants' profile:
• By Company Type: Tier 1 - 80%, OEM - 20%
• By Designation: Director Level - 10%, Cr Level - 60%, Others-30%
• By Region: Asia Pacific - 90%. Europe - 10.0%, America-0%, MEA- 0%

Competitive Landscape of Passenger Car Seat Market:
1 Overview
2 Passenger Car Seats Market Share Analysis, 2021-2022
3 Passenger Car Seats Market Revenue Analysis, 2022
4 Company Evaluation Matrix: Passenger Car Seats Manufacturers
4.1 Stars
4.2 Emerging Leaders
4.3 Pervasive Players
4.4 Participants
5 Competitive Scenario
6 Product Launches
6.1 Product Launches, 2022-2023
6.2 Deals
6.3 Other Developments, 2022-2023
7 Strategies Adopted By Key Players/Right To Win, 2022-2023
8 Competitive Benchmarking

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Research Coverage:
The report's scope covers detailed information regarding the major factors, such as influencing factors for the growth of the passenger car seat market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, recession impact, and recent developments associated with the passenger car seats market. This report covers the competitive analysis of upcoming startups in the passenger car seats market ecosystem.

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This release was published on openPR.