Growth Opportunities in the Global Automotive Seat Market
The future of the global automotive seat market looks promising with opportunities in the mid-size and large car segment. The global automotive seat market is expected to reach an estimated $78.7 billion by 2022 and it is forecast to grow at a CAGR of 3.0% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, the rising trend of high value seat with integrated smart technology for advanced vehicle comfort and safety.
In this market, powered seats, heated seats, and standard seats are some of the major segments of automotive seat market by technology. On the basis of our comprehensive research, Lucintel forecasts that the powered seat and heated seat segments are expected to show above average growth during the forecast period.
Within the global automotive seat market, the heated seat segment is expected to remain the fastest growing market, as it provides thermal comfort for the user and it enhances the vehicle’s heating system. The powered seat can be lowered or raised and titled according to the needs of the driver and passengers. Growing sales of luxury vehicles and the increasing adoption of powered seats in the mid-segment cars are expected to spur growth for this segment over the forecast period.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s challenging economy, you need every advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for material suppliers, product manufacturers, investors, executives, distributors, and more that operate in this market. Some of the features and scope of this report include the following: