Opportunities for the global automotive seat market to reach $78.7 billion by 2022

According to a new market report published by Lucintel, the future of the global automotive seat market looks promising with opportunities in the mid-size and large car segment. The global automotive seat market is expected to reach an estimated $78.7 billion by 2022 and it is forecast to grow at a CAGR of 3.0% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, the rising trend of high value seat with integrated smart technology for advanced vehicle comfort and safety.
In this market, powered seats, heated seats, and standard seats are some of the major segments of automotive seat market by technology. On the basis of our comprehensive research, Lucintel forecasts that the powered seat and heated seat segments are expected to show above average growth during the forecast period.
Within the global automotive seat market, the heated seat segment is expected to remain the fastest growing market, as it provides thermal comfort for the user and it enhances the vehicle’s heating system. The powered seat can be lowered or raised and titled according to the needs of the driver and passengers. Growing sales of luxury vehicles and the increasing adoption of powered seats in the mid-segment cars are expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest region due to high vehicle production, improving economic conditions, and increasing manufacturing OEM facilities within the APAC region.
Asia Pacific and ROW are expected to experience significant growth over the forecast period because of rapidly increasing demand for light weight and technologically advanced seating system by the OEMs.

Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of TDI Low-VOC foam in vehicle seats and the development of light weight seats. Adient plc, Lear Corporation, Toyota Boshoku Corporation, Faurecia SA, and Magna International Inc. are the major seat suppliers in the global automotive seat market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive seat market by product types, material cover, technology, vehicle type, end user, and region. Lucintel compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive Seat Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive seat market by product types, material cover, technology, vehicle type, end user, and region, as follows:
By Product Type ($ Billion from 2011 to 2022)
• Bench Seats
• Bucket Seats
By Technology ($ Billion from 2011 to 2022)
• Powered Seats
• Heated Seats
• Standard Seats
By Vehicle Type ($ Billion from 2011 to 2022)
• Small Car
• Compact Car
• Mid-size Car
• Large Car
• SUV and Crossover
• MPV
• Pick-up
• HCV
• Others
By Material Cover ($ Billion from 2011 to 2022)
• Genuine Leather
• Synthetic Leather
• Fabric Material
By End User ($ Billion from 2011 to 2022)
• OEM
• Aftermarket
By Region ($ Billion from 2011 to 2022)
• North America
o US
o Canada
o Mexico
• Europe
o United Kingdom
o France
o Germany
o Italy
o Russia
• Asia Pacific
o China
o India
o Japan
o Indonesia
o South Korea
• The Rest of the World
o Brazil
o Turkey
This 227-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Strategic Growth Consulting, Capital Investment Analysis and Due Diligence.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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This release was published on openPR.