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Increase in Demand for Premium and Luxury Vehicles to Fuel the Demand for Modular Seats

Light weighting is key trends to reduce vehicle weight, which will trigger the automotive seats market during the forecast period <br>Light weighting is one of the key trends in the automotive industry to reduce the overall vehicle weight; the same also applies to automotive seats. As per Faurecia, the automotive seating system accounts for nearly 6% of the total vehicle weight and 5% of the total vehicle cost. According to an insight from an industry expert, the usage of materials such as magnesium, aluminum, HSS, and carbon fiber is likely to reduce the weight of seating systems by nearly 25–30%. Instead, the lighter seating systems can be equipped with additional technologies such as heated, ventilated, memory, and massage to offer advanced features. Hence, along with the growing premium vehicle sales, the demand for advanced seats is also likely to increase, bringing immense growth opportunities for this market in the coming future. <br><br>BEV segment is estimated to be the fastest growing Automotive Seats Market<br>The BEV segment is estimated to grow at the fastest rate for the electric & hybrid vehicles seats market, by technology. The BEV segment has shown a significant rise in the global demand, especially in the Asia Oceania and European regions. China, Japan, South Korea from Asia Oceania and Germany, France, Norway, and the UK from Europe have higher demand for BEVs. According to MarketsandMarkets analysis, the BEV demand in these 2 regions are projected to grow at significant CAGRs of 14.53% and 22.54% between 2018 and 2025. As Japan, South Korea, and European countries have mostly colder climatic conditions, coupled with high technological adoption rate, the demand for seats with advanced technologies such as powered, heated, ventilated, and memory are expected to also grow, providing new business avenues to the advanced automotive seating manufacturers.<br>

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Increase in Demand for Premium and Luxury Vehicles to Fuel the Demand for Modular Seats

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  1. Automotive Seats Market by Technology (Heated, Powered, Ventilated, Massage, Memory & Standard), Type (Bucket, Bench), Trim Material (Fabric, Genuine & Synthetic Leather), Component, Vehicle Type (Ice, Electric & Hybrid), Region - Global Forecast to 2025 www.MarketsandMarkets.com

  2. Light weighting is key trends to reduce vehicle weight, which will trigger the automotive seats market during the forecast period Light weighting is one of the key trends in the automotive industry to reduce the overall vehicle weight; the same also applies to automotive seats. As per Faurecia, the automotive seating system accounts for nearly 6% of the total vehicle weight and 5% of the total vehicle cost. According to an insight from an industry expert, the usage of materials such as magnesium, aluminium, HSS, and carbon fibre is likely to reduce the weight of seating systems by nearly 25–30%. Instead, the lighter seating systems can be equipped with additional technologies such as heated, ventilated, memory, and massage to offer advanced features. Hence, along with the growing premium vehicle sales, the demand for advanced seats is also likely to increase, bringing immense growth opportunities for this market in the coming future. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=216812760

  3. BEV segment is estimated to be the fastest growing Automotive Seats Market The BEV segment is estimated to grow at the fastest rate for the electric & hybrid vehicles seats market, by technology. The BEV segment has shown a significant rise in the global demand, especially in the Asia Oceania and European regions. China, Japan, South Korea from Asia Oceania and Germany, France, Norway, and the UK from Europe have higher demand for BEVs. According to MarketsandMarkets analysis, the BEV demand in these 2 regions are projected to grow at significant CAGRs of 14.53% and 22.54% between 2018 and 2025. As Japan, South Korea, and European countries have mostly colder climatic conditions, coupled with high technological adoption rate, the demand for seats with advanced technologies such as powered, heated, ventilated, and memory are expected to also grow, providing new business avenues to the advanced automotive seating manufacturers. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=216812760

  4. Passenger car segment is estimated to hold the largest share of the automotive seats market during the forecast period As per Organisation Internationale des Constructeursd’Automobiles (OICA) statistics, passenger cars accounted for nearly 75.5% of the total vehicle production in 2017. According to MarketsandMarkets analysis, the production of passenger cars is anticipated to reach 92.1 million units by 2025 at a CAGR of 2.87% from 2018 to 2025. Additionally, the passenger car segments A, B, C, D, E, F, SUV-A, SUV-B, and SUV-C mostly have 5 seats as a standard feature, whereas SUV-D, SUV-E, and MPV have 7 seats. Along with the increase in demand for premium SUV-D and E segment cars offered by OEMs such as Mercedes Benz, BMW, Toyota, and Cadillac, the demand for an additional third row is likely to subsequently grow in the coming years. Thus, the automotive seats market for both seat types will increase simultaneously in alignment with the increasing passenger vehicle production in the global market. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=216812760

  5. Asia Oceania: The largest region for Automotive Seats Market The study estimates the Asia Oceania region as the largest market for automotive seats during the forecast period. The region is the global leader in vehicle production, with a production growth of about 26.0%–28.0% in the past 5 years for the passenger cars and commercial vehicles segment. China has been the leading automotive market for vehicle production as well as sales in this region. According to OICA, China, along with Japan and India, accounted for almost 44% of the global vehicle production in 2016. Furthermore, as per the World Bank statistics, the per capita income in China and India increased by approximately 68% and 14%, respectively, from 2010 to 2015. The rise in disposable income is expected to increase the sales of premium vehicles, which, in turn, would increase the demand for seats accompanied with advanced technologies such as powered, heated, and ventilated in the region. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=216812760

  6. The synthetic leather segment is anticipated to lead the automotive seats market, by trim material, during the forecast period. Synthetic leather offers several advantages such as enhanced esthetics and elegant look, and is also cheaper than genuine leather. Asia Oceania is the leading market for synthetic leather owing to the high demand for small and economy cars. As synthetic leather offers better characteristics, it becomes an affordable choice for OEMs to provide comfort to the customers. This would enable this segment to remain as the dominant market in the coming years. BUY NOW: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=216812760

  7. Browse >> 111market data tables 40figures 171 pagesand in-depth TOC on "Automotive Seats Market - Global Forecast to 2025“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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