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(Transportation-News.com, February 24, 2018 ) The global automotive seats market is witnessing steadfast growth in adoption owing to rising importance of seats in enhancing comfort as well as performance of vehicles. Automotive seat manufacturers are devising ergonomic designs for their offering to ensure that drivers as well as passengers in the vehicle are at ease. Availability of seating materials and frames at affordable prices, coupled with the advent of new, modular fabrics & designs, are expected to drive greater participation in the global market for automotive seats. This report analyzes the key prospects for growth of global automotive seats market during the assessment period, 2017-2022, and delivers a forecast valuable for market players seeking solutions to expand their market presence.
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Increased R&D Could Lead to Newer and Better Automotive Seat Materials
The R&D budget of major players in the automobile industry is growing by leaps and bounds, as they need to take into consideration the emerging threat from Silicon Valley. Typically, OEM’s have focused their attention on hardware but as technology plays a larger role in future vehicles, the industry has been forced to dive headlong into an area where they have minimal knowledge and exposure. At the pace which new technologies are transforming our lives, it is essential for automakers to increase their R&D speed and scale. All of these changes are expected to have an oversized impact on all aspects of the industry, including the automotive seat market. The automotive seat market is anticipated to grow by almost US$ 10 billion over the 5 year period from 2017-2022 and reach a robust value by end 2022 – recording a steady CAGR.
Hatchbacks have the Greatest Potential in the Automotive Seat Market
Cheap and cheerful hatchbacks are anticipated to account for one-third revenue share by vehicle type segment in the automotive seat market in 2017. Hatchbacks are poised to record a growth of US$ 3 billion during the five year forecast period and touch a value of slightly below US$ 12.5 billion in 2022. Manufacturers would do well to target the APEJ region over others as the price-sensitivity of customers in these emerging economies would make hatchbacks the perfect fit. Sedans are less popular than hatchbacks but they still comprise one-fifth revenue share in the automotive seat market. From a value of multi billion dollars in 2017, the sedan segment is predicted to reach impressive valuation in 2022 with a steady CAGR for this period.
Synthetic Leather far More Popular Material than its Natural Counterpart
Synthetic leather corners nearly two-third revenue share of cover materials in the automotive seat market in 2017 and it is forecast remain dominant. The synthetic leather segment is a market worth nearly US$ 26.1 billion that is waiting to be tapped in the automotive seat market. Key stakeholders would be advised to focus on the APEJ region as it is estimated to grow with a stable CAGR and represent an impressive incremental opportunity in 2022 making it too lucrative to ignore in the automotive seat market. The second most popular material in the automotive seat market is fabric which has a one-fourth revenue share. The fabric segment is likely to grow to US$ 10 billion in 2022. However, there are certainly likely to be some discerning customers in the automotive seat market who only seek out the ‘real deal’ i.e. genuine leather. These customers will ensure that genuine leather has a 10% revenue share in the automotive seat market.
Standard Technology Leads Powered Tech in the Automotive Seat Market
With more than two-third revenue share, the standard segment enjoys a commanding lead over powered technology in the automotive seat market. The share of APEJ with respect to standard technology is roughly one-third and it could grow to US$ 10 billion by the year 2022.
Leading companies profiled in the market are Lear Corporation, Faurecia SA, Toyota Boshoku Corporation, TACHI-S Co., Ltd., TS TECH Co. Ltd, IFB Industries Limited, Adient Plc, and Gentherm Inc.
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Table of Content
Chapter 1. Global Automotive Seat Market - Executive Summary. 13
Chapter 2. Global Automotive Seat Market Overview. 15
2.1. Introduction. 15
2.1.1. Global Automotive Seat Market Taxonomy. 15
2.1.2. Global Automotive Seat Market Definition. 15
2.2. Global Automotive Seat Market Size (US$ Mn) and Forecast, 2012-2022. 15
2.2.1. Global Automotive Seat Market Y-o-Y Growth. 15
2.3. Global Automotive Seat Market: Macroeconomic Factors. 16
2.3.1. Economic Outlook. 16
2.3.2. Profitability of Enterprises. 16
2.3.3. Inflation and Deflation. 17
2.3.4. Increasing Purchasing Power of Middle Class. 17
2.3.5. Complex Eco System. 17
2.3.6. Risk Mitigation. 17
2.4. Global Automotive Seat Market: Impact Factor Analysis. 18
2.4.1. Shift toward Green Technology. 18
2.4.2. The Influence of China. 18
2.4.3. Dilemma on Shift to New Technologies. 18
2.4.4. Increasing R&D expenditure. 19
2.5. Supply Chain. 19
2.6. Cost Structure. 20
2.7. Key Participants Market Presence (Intensity Map) By Region. 20
Chapter 3. Global Automotive Seat Market Analysis and Forecast By Product Type. 21
3.1. Global Automotive Seat Market Size and Forecast By Product Type, 2012-2022. 21
3.1.1. Split Bench/ Bench Automotive Seat Market Size and Forecast, 2012-2022. 21
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 21
3.1.1.2. Market Share Comparison, By Region. 22
3.1.1.3. Y-o-Y growth Comparison, By Region. 23
3.1.2. Bucket Automotive Seat Market Size and Forecast, 2012-2022. 23
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 23
3.1.2.2. 3.1.2.2. Market Share Comparison, By Region. 25
3.1.2.3. Y-o-Y growth Comparison, By Region. 26
Chapter 4. Global Automotive Seat Market Analysis and Forecast By Vehicle Type. 27
4.1. Global Automotive Seat Market Size and Forecast By Vehicle Type, 2012-2022. 27
4.1.1. Hatchback Automotive Seat Market Size and Forecast, 2012-2022. 27
4.1.1.1. Revenue (US$ Mn) Comparison, By Region. 27
4.1.1.2. Market Share Comparison, By Region. 28
4.1.1.3. Y-o-Y growth Comparison, By Region. 29
4.1.2. Sedan Automotive Seat Market Size and Forecast, 2012-2022. 29
4.1.2.1. Revenue (US$ Mn) Comparison, By Region. 29
4.1.2.2. Market Share Comparison, By Region. 31
4.1.2.3. 4.1.2.3. Y-o-Y growth Comparison, By Region. 32
4.1.3. SUV/MUV Automotive Seat Market Size and Forecast, 2012-2022. 32
4.1.3.1. Revenue (US$ Mn) Comparison, By Region. 32
4.1.3.2. Market Share Comparison, By Region. 34
4.1.3.3. Y-o-Y growth Comparison, By Region. 35
Continue…..
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