Press release
Automotive Seats Market in Emerging Markets: A Growing Opportunity 2023-2033
The main objective of this 10-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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Market Drivers and Challenges
The key drivers of the automotive seats market are:
Increasing demand for comfort and safety in vehicles
Growing production of vehicles
Rising adoption of advanced technologies in automotive seats
Growing demand for lightweight and fuel-efficient vehicles
Increasing disposable income of consumers
The key challenges of the automotive seats market are:
High cost of automotive seats
Stringent government regulations
Competition from substitute materials
Market Trends
The key trends in the automotive seats market are:
Increasing adoption of lightweight materials
Growing demand for active and passive safety features
Rise of connected and autonomous vehicles
Advancements in manufacturing technologies
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Future Outlook
The automotive seats market is expected to grow at a steady pace during the forecast period. The market is expected to be driven by the increasing demand for comfort and safety in vehicles, the growing production of vehicles, and the rising adoption of advanced technologies in automotive seats.
Key Market Study Points
The global automotive seats market is expected to reach a value of USD 87.9 billion by 2033.
The passenger cars segment is expected to be the largest market for automotive seats during the forecast period.
The OEM segment is expected to be the largest market for automotive seats during the forecast period.
The Asia Pacific region is expected to be the fastest-growing market for automotive seats during the forecast period.
Competitive Landscape
The key players in the automotive seats market are:
Adient PLC
Faurecia SA
Lear Corporation
Toyota Boshoku Corporation
TS Tech Co., Ltd.
Magna International Inc.
Aisin Seiki Co., Ltd.
Tachi-S Co., Ltd.
NHK Spring Co., Ltd.
Guelph Manufacturing Group
Futuris Group
RECARO Holding GmbH
These players are focusing on developing innovative products and technologies to meet the growing demand for comfort and safety in vehicles. They are also expanding their product portfolio and geographic reach to gain a competitive advantage.
Recent Developments
Some of the recent developments in the automotive seats market include:
Adient PLC launched its new seat concept, the "360 Relax," which offers a variety of comfort and convenience features.
Faurecia SA introduced its new lightweight seat frame, which is made from recycled materials.
Lear Corporation launched its new active safety seat, which is designed to reduce the risk of whiplash injuries.
Toyota Boshoku Corporation developed a new seat material that is resistant to bacteria and viruses.
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Market Segmentation
The automotive seats market is segmented by service type, sourcing type, application, industry vertical, and region.
By service type: Original equipment manufacturer (OEM) and aftermarket
By sourcing type: In-house and outsourced
By application: Passenger cars, commercial vehicles, and buses
By industry vertical: Luxury vehicles, sports cars, and mass-market vehicles
By region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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