Global Automotive Seat Market to Enjoy 3% CAGR through 2022, Forecasts Lucintel in Its Cutting-Edge Report Available at MarketPublishers.com26 May 2017 • by Natalie Aster
LONDON – The future of the world’s market for automotive seats looks rather promising with lucrative opportunities emerging in the large and mid-size sectors. Over 2017-2022, the automotive seats market is predicted to increase at a 3% CAGR to reach the value of USD 78.7 billion by the end of the forecast period. Major market growth driving factors include uptake in vehicle production, the increasing trend of high value seat with integrated smart technologies for higher safety and comfort.
Some of the noteworthy market trends include the development of light weight seats and the introduction of TDI Low-VOC foam in vehicle seats.
The heated seat sector is likely to remain the most rapidly growing sector of the world automotive seat market primarily due to its benefits.
APAC is anticipated to remain the top regional market for automotive seats owing to high vehicle production, increasing manufacturing OEM facilities and improving economic conditions in the region.
The cutting-edge Lucintel’s report “Growth Opportunities in the Global Automotive Seat Market” offers a clear understanding of the global automotive seat market landscape and dynamics. It covers the historical background of the market, highlights the present situation, examines the main growth driving forces, discusses the prevailing trends and offers an all-round future outlook for the market through 2022. The study includes an extensive market assessment on the basis of product types, technologies, material covers, end-uses, vehicle types and geography. The report offers insights into the competitive landscape and profiles major seat suppliers (Adient, Toyota Boshoku Corporation, Lear Corporation, Magna International and Faurecia SA). In addition, the research contains a future outlook for the market growth and development through 2022.
Note that currently this report is available at a discounted price! Further details of discounts from Lucintel are available at this page.
A wide range of market research reports by this publisher are offered on the Lucintel page at MarketPublishers.com.