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The automotive seats global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Seats Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive seats market size has grown strongly in recent years. It will grow from $70.09 billion in 2023 to $74.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing demand for cars, government regulations and safety standards, changes in consumer preferences and tastes, fluctuations in fuel prices, growing popularity of ride-sharing services.
The automotive seats market size is expected to see strong growth in the next few years. It will grow to $95.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to integration of smart and connected features in seats, adoption of sustainable and recyclable materials, emphasis on ergonomic and health-focused designs, advanced seat heating and cooling technologies, integration with autonomous vehicle features. Major trends in the forecast period include adjustable and adaptive seating configurations, lightweight and high-performance seat materials, in-seat biometric and health monitoring systems, personalization and customization options, development of zero gravity and zero fatigue seat designs
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Scope Of Automotive Seats Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Seats Market Overview
Market Drivers –
The growing popularity of autonomous vehicles is expected to propel the growth of the automotive seats market going forward. An autonomous vehicle is a motor vehicle that can operate without the assistance of a human driver. The increasing popularity of autonomous vehicles is expected to boost demand for the automotive seat, as the design and functioning of seats play a crucial role in autonomous vehicles. For instance, in 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, data, the number of SUVs on the road worldwide climbed by more than 35 million in 2021. SUVs account for more than half of all cars sold in the US and Europe. SUVs are expected to account for almost 45 % of worldwide vehicle sales in the coming years. Therefore, the growing popularity of autonomous vehicles is expected to boost demand for automotive seats during the forecast period.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The automotive seats market covered in this report is segmented –
1) By Seat Type: Bucket Seat, Split Bench
2) By Vehcile Type: Passanger Car, Light Commercial Vehicles, Heavy Trucks, Bus
3) By Trim Material: Fabric, Synthetic Leather, Genuine Leather
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Regional Insights –
Asia-Pacific was the largest region in the automotive seats market in 2023, and it is expected to be the fastest-growing region in the automotive seats market during the forecast period. The regions covered in the automotive seats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the automotive seats market report are Adient plc, Lear Corporation, FORVIA Faurecia, Toyota Boshoku Corporation, Magna International Inc., Grupo Antolín-Irausa S. A., Panasonic Corporation, Hyundai Mobis Co., Visteon Corporation, Grammer AG, TS Tech Co. Ltd., Aisin Seiki Co. Ltd., Tachi-S Co. Ltd., Gentherm Incorporated, Brose Fahrzeugteile GmbH & Co. KG, NHK Spring Co. Ltd., Johnson Controls International plc, Keiper Recaro Group, Sitech Sitztechnik GmbH, Guelph Manufacturing Group, Inteva Products LLC, Futuris Automotive Pty Ltd., Adomani Inc., Dura Automotive Systems, Martur Automotive Seating Systems, Sharda Motor Industries Ltd., TATA AutoComp Systems Ltd., Wuhu Bethel Automotive Safety Systems Co. Ltd., Zhejiang Jujin New Energy Automobile Co. Ltd., Faurecia Automotive Industrie
1. Executive Summary
2. Automotive Seats Market Report Structure
3. Automotive Seats Market Trends And Strategies
4. Automotive Seats Market – Macro Economic Scenario
5. Automotive Seats Market Size And Growth
…..
27. Automotive Seats Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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