Global Automotive Seat Actuation System Market 2017-2021
About Automotive Seat Actuation System
An actuator is responsible for moving or controlling a mechanism or a system. It is a type of motor that helps in converting energy into torque. It requires a control signal and a source of energy to complete its function. The control signal can be an electric voltage, pneumatic or hydraulic pressure, or human power. An automotive seat actuation system helps in the adjustment of the seat according to the occupant’s convenience. Previously, vehicles seats were adjusted manually by the occupant of the seat. Later, with the advancements in technology, electric seat came into existence, wherein by pressing a button, the seat gets adjusted automatically.
Technavio’s analysts forecast the global automotive seat actuation system market to grow at a CAGR of 3.85% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive seat actuation system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Seat Actuation System Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive seat actuation system market: Bosch, Continental, Delphi, Faurecia, and Johnson Electric.
Other Prominent Vendors in the market are: Kongsberg Automotive, Nidec, Leggett & Platt, SHIROKI Corporation, TOYOTA BOSHOKU, and TS TECH.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is advanced automotive seating by Faurecia. Based on the acclaimed Audi A8 premium seats, several concepts were developed by Faurecia for automated seating positioning for adjusting seats properly as that of occupant’s body dimensions. This adjustment can have added features, such as side lumbar supports and back lumbar supports.”
According to the report, one driver in the market is growing demand for luxury vehicles, driving ESAS market. The light vehicles market is witnessing a healthy growth rate. The sales are expected to reach 107 million units by the end of the forecast period. At the same time, the car sales of premium brands, such as BMW and Mercedes-Benz from Europe, Acura and Infiniti from Japan, Cadillac, and Lincoln from North America, are expected to reach 11.4 million units by 2022 from 8.9 million units in 2015. Demographic changes taking place in China are another factor driving the growth of the premium vehicles segment. Though the Chinese automotive market is declining, luxury vehicles are being manufactured for wealthy individuals. The Western European market has also recovered from global crisis with a healthy appetite for luxury vehicles.
Further, the report states that one challenge in the market is increase in car-sharing services. Car-sharing service is a rental model, where people can rent cars for a short period of time. This business model is attracting individuals who rarely drive vehicles or who want to drive variants of vehicles. The aim of the car-sharing service is to provide cost-effective solutions for people to enhance daily commute and mobility. It has increased accessibility, improved traveling choices of users, and helped in reducing environmental impact. Owing a car includes several fixed costs, insurance, and maintenance cost, but this is not the case with sharing services, where users will just pay the amount based on the distance and time traveled.
Bosch, Continental, Delphi, Faurecia, Johnson Electric, Kongsberg Automotive, Nidec, Leggett & Platt, SHIROKI Corporation, TOYOTA BOSHOKU, and TS TECH.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook