Insights on the Automotive Seats Global Market to 2026 – by Type, Vehicle Type, and Region
October 1, 2020
The “Automotive Seats Market – By Type, By Vehicle Type, and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The global Automotive Seats market is projected to garner earnings worth approximately 77.25 (USD Billion) by 2026 and is set to record a CAGR of nearly 3% over the period from 2020 to 2026.
The report offers assessment and analysis of the Automotive Seats market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Automotive seats provide comfort seating for the vehicle drivers and passenger of the vehicles. The seats of the vehicle are of key significance as they contribute notably towards comfort of the driver and favorably impact the driving. More prominently, these seats are designed keeping in view the angle of inclination of knee, head, and thorax and as per the government recommendations. These seats are designed in a way that reduces the collision impact.
Humungous demand for security features, recovery in vehicle production, and surge in the necessity of comfort as well as luxury will steer the market growth trends. Increase in sales of premium cars is set to enhance the demand for heated seats, thereby thrusting the expansion of automotive seats industry. High preference for lightweight material & foam in production of automotive seats along with growing predisposition of vehicle manufacturers towards enhancement of the fuel efficiency will steer the market demand over the forthcoming years.
Furthermore, growing popularity of high value seat integrated through smart systems for vehicle safety & comfort will embellish the growth rate of automotive seats industry in the years ahead. Favorable government initiatives aiding foreign direct investments will escalate the industry surge over the years to come.
The regional market growth during the forecast timeline is owing to rise in the production of passenger as well as commercial vehicles. In addition to this, South Korea and Japan have emerged as the new hubs producing automotive seats integrated with smart technology. Additionally, surge in the disposable income of the end-users and tilting inclination towards premium cars in these countries will further embellish the regional market trends.