Automotive Seats Market: By Trim Material (Fabric, Synthetic Leather, Genuine Leather), By Seat Type (Bucket Seat, Bench Seat), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), By Vehicle Energy ( Gasoline, Diesel, Electric, LPG) and Geography

 

Automotive Seats Market size valued USD 60.1 billion in 2021 and expected to reach USD 103.41 billion by 2028, at a CAGR of 5.2% during the forecast period 2022-2028Some of the key factors fueling the market growth include increasing worldwide vehicle production together with rise in sales of luxurious vehicles in developing countries, growing demand for SUVs, rise in need for climate-controlled seat technology, demand for lightweight automotive seats, growing demand for safety features and increase in demand for premium and luxury vehicles. However, high cost of advanced & modular seats and changing consumer needs & preferences are hampering the market growth. In addition, increasing usage of lightweight materials and development of advanced seating technologies are hindering the market growth. This report studies global automotive seats market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global automotive seats market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global automotive seats market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).  

Automotive Seats Market Key Developments:
In 2019, Lear Corporation a global automotive technology leader in seating and electrical and electronic systems through its subsidiary Xevo partnered with Hyundai Motor Company in order to deliver Xevo Market capabilities in Hyundai vehicles in the U.S. and Europe.