The estimated value of the global automotive seating market trends 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%.
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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Platforms called seating systems are designed to accommodate a vehicle’s occupants. In order to meet the demands of both consumers and manufacturers, seating has developed from simple sitting devices to elaborate works of art. When OEM (Original Equipment Manufacturers) and Tier 1 companies develop the cars, the seating systems are the most expensive and expensive interior components. Despite the fact that standard layouts have long been recommended by industry experts, firms have started to create creative designs that will change seating systems more than traditional layouts. Seating systems have undergone luxurious adjustments to ensure that clients have a peaceful driving experience.
Global Automotive Seating Market: Drivers & Restraints
The automotive seats market is primarily driven by the recovery in vehicle production, rising demand for safety features, and expansion of various vehicle segments. steps taken by the government to encourage foreign direct investments (FDI) in the automobile seating sector. Manufacturers face a difficulty in creating lighter designs while lowering costs. The market for automotive seating is expanding as consumer demand for luxurious seating systems rises. Manufacturers are taking the lead in R&D operations to create exquisite products while placing a greater emphasis on safety. The dynamics of the market will be impacted by concurrently changing legislation, customer needs, and currency exchange rates.
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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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