Research Nester assesses the growth and market size of the global automotive seat market which is anticipated to be on account of unique design and construction requirements in the electric vehicle (EV) industry
Research Nester’s recent market research analysis on “Automotive Seat Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor analysis and overview of the global automotive seat market in terms of market segmentation by seat type, vehicle energy source, material, vehicle type, and by region.
Growing Affluent Car Demand to Promote Global Market Share of Automotive Seat
The automotive seat market is expanding due to the rising demand for automobiles and electric vehicles. Manufacturers and designers are focused on manufacturing lightweight seats to enhance comfort and cater to rising consumer demand. In addition, as disposable income is increasing, the middle-class population is inclining toward luxury cars and customized interiors and seating.
Growth Drivers:
• Preference for Comfortable Seating
• Advancements in Seating Features and Technology
Challenges:
• High Costs of Automotive Seats with Advanced Features
• Fluctuating Prices of Raw Materials
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By vehicle type, the global automotive seat market is segmented into passenger car and commercial vehicles. The passenger segment is to garner the highest revenue by the end of 2037 owing to growing ownership of car seats in comparison to trucks. The demand for chairs with ergonomic designs and cutting-edge technologies is mostly driven by travelers who place a high priority on comfort and convenience.
By region, the Europe automotive seat market is to generate notable CAGR by the end of 2037 owing to rapidly expanding automotive sector, rising sales of electric vehicles and luxury cars, and the presence of leading companies. The major companies in this region are developing automobile seats with cutting-edge technology to cater to the rising demand, which is expected to expand the market growth.
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This report also provides the existing competitive scenario of some of the key players of the global automotive seat market which includes company profiling of Johnson Controls, Lear Corporation, Volkswagen Group, DURA Automotive Systems, IFB Automotive, Fisher and Company, Magna International Inc, Achi Co. Ltd., Aktis Engineering Solutions and others.
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