Global Automotive Seat Industry Analysis Research Report
The latest report on “Global Automotive Seat Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast” added by DecisionDatabases.com provides a complete market outlook to those seeking an in-depth market knowledge. The study provides forecast and estimates the automotive seat market in terms of revenue and volume during the forecast period from 2014 to 2021. The report also provides market's mergers/acquisitions, partnerships, collaborations, new product launches, new product developments and other industry developments.
The global automotive seat industry
is expected to grow at a significant rate over the forecast years. The growth is mainly attributed to a global increase in production of vehicles coupled with growing demand for safety features in the vehicle, particularly in the emerging economies. In addition, rising demand for luxury and comfort is also anticipated to fuel the demand for the global automotive seat market. However, scarcity of standardization in the seating system and short life span of the technology used are major concerns for the industry players, which might restrict the market growth over the forecast period. Rising production of small and medium sized vehicles has also contributed towards the increasing demand for the automotive seat, which is anticipated to have a positive impact on the industry growth in the near future.
The global automotive seat market has been segmented based on types into the hatchback, SUV/MUV, sedan, LCV, and truck & bus. The automotive seat market has been further segmented based on technology into powered, heated, powered & heated, and standard. Powered & heated technology is one of the major segments and is projected to witness a substantial growth over the forecast period owing to rising preference for automatic seat adjustment facility along with growing demand for comfort. Furthermore, the automotive seat market has been segmented on the basis of seat type and cover material into various segments.
Geographically, the global automotive seat market is divided into five regions including North America, Latin America, Asia Pacific, Europe and the Middle East & Africa (MEA). North America is expected to show a sluggish growth in the near future due to high labor & production cost coupled with less penetration due to a mature market. The European market is expected to witness a moderate growth in the advanced technological seating system over the forecast period on account of the presence of stringent regulations regarding emission and fuel norms in the region. Asia Pacific is one of the leading markets for the automotive seat and is anticipated to grow at the highest CAGR over the coming years owing to favorable government policies and growing consumer preference for luxury and comfort. Supportive government regulations for FDIs, especially in China, South Korea, India, and Japan have opened new avenues for market growth in the regions. Growing automobile industry along with low production cost and availability of inexpensive labor has shifted preference of various manufacturers to set-up their production house in the APAC Region.
The key players for global automotive seat industry include Johnson Controls, Faurecia, Lear Corporation, Toyota Boshoku Corporation, TS Tech Co., Ltd., Magna International Inc., Aisin Seiki Co. Ltd., Tachi-S Co., Ltd., NHK Springs Co., Ltd, and Gentherm. Major players are opting for a large number of mergers and acquisitions to improve their supply chain system. Manufacturers are focusing on technological innovations and the expansion of their current product portfolio to spread their business worldwide.
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