Factors such as Inclination of consumers towards more comfort and luxury features would drive the automotive seat market. Synthetic leather is estimated to be the fastest-growing trim material for the automotive seat market globally.
New York, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Automotive Seats Market by Type & Technology, Trim & Frame Material, Component, Vehicle and Region - Global Forecast to 2025" - https://www.reportlinker.com/p03250908/?utm_source=GNW
Synthetic leather its flexibility and multiple color options, allows OEMs to configure different types of interiors.It is widely used for car seats as it is cheaper than genuine leather.
Asia Oceania is projected to be the largest as well as the fastest-growing synthetic leather market for automotive seats owing to customer inclination toward comfort & luxury features.Synthetic leather has features such as toughness, flexibility, and resistance to abrasion and temperature, which drives its demand in the mid-range passenger cars segment in the region.
In developed countries such as Germany, France, and Spain, synthetic leather is being adopted as an eco-friendly substitute for genuine leather due to stringent environmental regulations and increasing public awareness.
Aluminum is estimated to be the fastest-growing material for automotive seat.
The application of aluminum offers significant weight reduction, which helps make the vehicle more fuel-efficient, especially in light of the increasingly stringent emission norms, which are prompting OEMs to reduce the weight of vehicles.Therefore, when it comes to the selection of an optimum material for lightweight seat structures, aluminum is the preferred option, especially for seat components such as backrests and cushion pans.
However, the cost of aluminum and price stability is a challenge for this segment.Presently, the penetration of aluminum in the seat market is quite minimal.
However, big players such as Faurecia, Lear Corporation, and Magna are undertaking developments to increase the usage of aluminum with the help of composites. However, the increasing demand for light-weighting is expected to increase the use of aluminum in automotive seats during the forecast period.
Asia Oceania constitutes the largest automotive seat market.
Asia Oceania is estimated to lead the global automotive seat industry as the region represents countries such as China, Japan, South Korea, and India, with the world’s highest vehicle production.The automobile industry is flourishing in this region, especially in South Asia.
Additionally, This region has emerged as a hub for automotive production in recent years, owing to changing consumer preferences, increasing disposable income of the middle-class population, and cost advantages for OEMs.Daimler (Germany), Volvo (Sweden), BMW (Germany), Volkswagen (Germany), and Scania (Sweden) have already set up manufacturing units in these countries.
Factors such as low production costs, availability of economical labor, lenient emission and safety norms, and government initiatives for FDIs, have led to the region witnessing higher growth than the matured markets of Europe and North America. Consumers in the region are inclined toward compact and cost-effective cars.
The breakup of primary respondents
• By Company: Tier 1 - 70%, OEM - 30%
• By Designation: Directors - 30%, C-Level Executives - 60%, Others - 10%
• By Region: Asia Pacific- 50%, Europe - 30%, North America - 20%
The automotive seat market is dominated by global players and comprises several regional players.The key players in the automotive seat industry are Adient Plc (US), Lear Corporation (US), Faurecia (France), Toyota Boshoku Corporation (Japan), and Magna International (Canada).
The study includes an in-depth competitive analysis of these key players in the automotive seat market with their company profiles, SWOT analysis of the top five companies, recent developments, and key market strategies.
The report covers the automotive seat market by seat type (bucke and bench/split bench seat), technology (standard, powered, heated, heated & memory, heated & power, heated & ventilated, heated & memort & ventilated, heated & memory & ventilated & massage), Material (Steel, Aluminum), Vehicle (Passenger Car, LCV, Truck, and Bus), trim material (Synthetic leather, genuine leathers, fabric ), component (armrest, pneumatic system, seat belt, seat frame & structure, seat headrest, seat height adjuster, seat recliner, and seat track), off-highway vehicle (construction equipment and agriculture tractors) and Region (Asia Ocenia, Americas, Europe, and Middle East & Africa).
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall automotive seat market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
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