Global Automotive Seats Market
Global Automotive Seats Market By Type, By Vehicle Type, By Component, By Trim Material, By Technology, By Geographic Scope and Forecast To 2026
According to Verified Market Research, The Global Automotive Seats Market was valued at USD 61.73 Billion in 2018 and is projected to reach USD 74.54 Billion by 2026, growing at a CAGR of 2.38% from 2019 to 2026.
Automotive seats are the part of vehicles that are designed to accommodate and provide comfortable seating to the driver or occupant traveling in/on a vehicle. To provide required comfort they are designed as per the industry guidelines so that the passengers sitting inside would have minimum impact in case of a collision. These seating systems are available in various forms, from simple seating systems to complex ones, to satisfy the needs of both manufacturers and consumers. While conventional and traditional designs have been recommended throughout the industry, lately due to the growing need of comfort and style, luxury modifications have been introduced into seating systems for the customers to have a better experience.
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Automotive seats are a significant point of interaction between the supplier and the customer, as a result, they play an important role in the overall impression and appeal of a vehicle. Automotive seats are of prime importance as they contribute to driver comfort and thus, influence driving. They are designed with respect to guidelines of thorax, knee and head support inclination angle to dissipate the impact energy and thus, minimize the impact of a collision. Seating plays an important role in overall customer impression and appeal of a vehicle and as a result, in recent times, automotive engineers are spending more time working on automotive seat technology. Rise in income among consumers in emerging countries is estimated to fuel the demand for the market. Increasing demand for customized and intelligent seats are aiding the growth of the market. With prospects of climate control and biometric sensing systems, automotive seat designs are expected to undergo a shift in the forecasted period.
The low production costs are not in line with enabling the factors that create an enhanced perception of comfort for the customer, leading to an imbalance in the costs taken to achieve a high-level customer perceived value. This is expected to be one of the major restraints in the growth of the automotive seats market. Moreover, unlike conventional seats, advanced and modular seating systems are comparatively costly which is anticipated to hamper the growth of the Global Automotive Seats Market.
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