Research and Markets: Automotive Seat Market – Forecast to 2020: Type (Split Bench/Bench, Bucket), Technology (Powered, Heated, Powered & Heated, Standard) & Cover Material (Genuine Leather, Synthetic Leather, Fabric)
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/6s2zpd/automotive_seat) has announced the addition of the “Automotive Seat Market by Vehicle Type, Type, Technology, Cover Material, & by Region – Forecast to 2020” report to their offering.
The automotive seats market is projected to grow at a CAGR of 5.18% to reach USD 36,752.4 Million by 2020
The key drivers of this market are the increased demand for comfort and luxury, growing demand for compact vehicles, and increasing vehicle production. However, the lack of standardization of seating systems and the short technology life cycle could limit the growth of the automotive seats market.
The Asia-Oceania automotive seats market, by volume, is projected to grow at a CAGR of 5.75% from 2015 to 2020. Key drivers of this market include trade liberalization and ongoing attempts to create an attractive manufacturing platform for cars and motorcycles. Other factors that influence market growth are free movement of goods, high investments, skilled and low cost labor, open flow of capital, growing population, rising income levels, and government support for foreign direct investments (FDIs).
These factors create attractive opportunities for automotive seat manufacturers and automotive product suppliers in the region. Asia-Oceania dominates the global market, with China being the largest market for automotive seats and the global leader in terms of regional sales. Automotive consumers in this region are inclined towards enhanced comfort and safety. Automotive manufacturers are attempting to develop cost-effective, high-performance seating systems to meet consumer expectations in the region.
The automotive seats market is dominated by major players such as Johnson Controls (U.S.), Faurecia (France), Lear Corporation (U.S.), Toyota Boshoku Corporation (Japan), and TS Tech Co., Ltd. (Japan).
These companies collectively account for a large share of the automotive seats market. Top players in the automotive seats market generate demand for their products through various strategies. The key strategies adopted by players to capitalize on opportunities in this market are expansion (in terms of both, production capacity and geographical presence) and new product development.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Seats Market, By Seat Cover Material
7 Automotive Seats Market, By Technology
8 Automotive Seats Market, By Region
9 Competitive Landscape
10 Company Profiles
– Aisin Seiki Co. Ltd.
– Johnson Controls
– Lear Corporation
– Magna International Inc.
– Nhk Springs Co., Ltd
– Tachi-S Co., Ltd.
– Toyota Boshoku Corporation
– Ts Tech Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/6s2zpd/automotive_seat
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Sector: Telematics and Vehicle Electronics, Auto Interiors