The estimated value of the global automotive seating market is expected to be US$ 52,941.6 million in 2022, with a forecasted CAGR of 3.40%. By 2032, the market is projected to increase to a value of US$ 73,960.9 million. Future Market Insights’ analysis revealed a historical CAGR of 2.30%.
Seating systems are platform designed to accommodate the person seating in vehicle. Seating has modified through simple seating systems to complex masterpiece to fulfill the desires of both consumer and manufacturers. When OEM (Original Equipment Manufacturers) and Tier 1 companies design the cars, the seating systems referred as expensive and heaviest interior parts. While conventional designs have been recommended throughout the industry, companies have started to design new layouts that will change the seating systems in more modified manner than conventional seating systems. Luxury modifications have been introduced into seating systems to assure the relaxing experience to customer while driving.
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Global Automotive Seating Market: Drivers & Restraints
Recovery in vehicle production, increasing demand for safety features, and growth of various vehicle segments are major driving factors for Automotive seating market. Government initiatives for Foreign Direct Investments (FDI) supporting the automotive seating market. To develop lighter design while reduce a cost is challenge for Manufacturers. Inclining customers demand towards Luxurious seating systems creating more opportunities in Automotive seating market. Manufacturers taking initiatives in research and development activities to make product luxurious as well as more emphasis is for safely. Simultaneously changing currency exchange rates, regulations, changing consumer needs and preference are going to affect the market dynamics.
Global Automotive Seating Market: Key players
Some of the key players identified in the global Automotive Seating market include:
- Johnson Controls Inc
- Toyota Boshoku Corporation
- TS Tech Co., Ltd
- Faurecia SA
- Lear Corporation
- IFB Automotive
- Magna International Inc
- DURA Automotive Systems
- Aktis Engineering Solutions
- Fisher and Company
- Tata Autocomp Systems Limited
- Marter Automotive Seating Systems
- Grammer Seating Systems
- TM Automotive Seating Systems Private Limited
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Global Automotive Seating Market: Market Segmentation
On the basis of seat type, global automotive seating market is segmented into:
- Split seat
- Bench seat
- Split Bench seat
On the basis of vehicle type global automotive seating market is segmented into:
- PCV (Passenger Commercial Vehicles)
- LCV (Light Commercial Vehicles)
- HCV (Heavy Commercial Vehicles)
On the basis of distribution channel, global automotive seating market is segmented into:
- OEM
- Aftermarket
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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The post Automotive Seating Market Size to Reach US$ 73.96 Bn by 2022 – 2032 | CAGR of 3.4% appeared first on Future Market Insights.
