Industry Background:
Automotive seat enhances the interior of the vehicle and passenger comfort. Increase in sale of automotive vehicle supplementing the growth of automotive seat market. For instance, in the United States alone till mid 2018 over 8.5 million cars have been sold. Further, growing focus on autonomous vehicle, technological integration of automotive seats and increasing sales of automotive in emerging countries are the major factors driving the sales of automotive seat.According to AMA, the market for Automotive Seats is expected to register a CAGR of 2.8% during the forecast period to 2025. This growth is primarily driven by The rise in Sales of Luxury and Premium Vehicles and Automotive Seat Design Equipped With Integrated Technologies.
Globally, a noticeable market trend is evident Emphasizing On Usage of Environment-Friendly Material for Automotive Seats
. Major Vendors, such as Adient (United States), Lear Corporation (United States), Gentherm (United States), Camaco LLC designs (United States), Gentherm Incorporated designs (United States), Aisin Seiki Co., Ltd. (Japan), Toyota Boshoku (Japan), Tachi-S Co., Ltd. (Japan), NHK Spring Co., Ltd. (Japan), TS Tech (Japan), Magna International Inc. (Canada), Magna International (Canada), Guelph Manufacturing Group (Canada), Brose Fahrzeugteile GmbH & Co. KG (Germany) and RECARO Holding GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- The rise in Sales of Luxury and Premium Vehicles
- Automotive Seat Design Equipped With Integrated Technologies
Market Trend
- Emphasizing On Usage of Environment-Friendly Material for Automotive Seats
- Growing Focus towards Lightweight Automotive Seats
Restraints
- High Coast Associated With Modular Automotive Seats
- Lack of Quality Aftermarket Automotive Seat Sale
Opportunities
Huge Growth Potential For Automotive In Emerging Countries Especially In China and India and Autonomous Vehicle Will Drive the Demand for Technologically Advanced Automotive Seat
Challenges
Modular Automotive Seat Not Being Cost Effective and Volatile Nature of Raw Material Prices
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
AMA Research & Media features not only specific market forecasts, but also include significant value-added commentary on:
Market Trends
Technological Trends and Innovations
Regulatory Trends & Policies
Market Maturity Indicators
Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Consumer Demographics
Supporting Company Financial and Cash Flow Planning
Open Up New Markets
To Seize Powerful Market Opportunities
Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis