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Automotive Seat Market to Reach $101.39 Billion, Globally, by 2025 at 4.3% CAGR: Allied Market Research

Rising sales of luxurious vehicles in developing countries, growing need for lightweight seat frame, and increasing demand for climate-controlled seat technology have fueled the growth of the global automotive seat market

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Allied Market Research

28 May, 2019, 13:35 GMT

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PORTLAND, Oregon, May 28, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Automotive Seat Market by Trim Material (Fabric, Synthetic Leather, and Genuine Leather), Seat type (Bucket Seat And Bench Seat), Vehicle Type (Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Vehicle Energy Source (Gasoline, Diesel, Electric, and LPG): Global Opportunity Analysis and Industry Forecast, 2018–2025." The report offers a detailed analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, key segments, and changing market trends. As per the report, the global automotive fabric market was estimated at $71.65 billion in 2017 and is anticipated to reach $101.39 billion by 2025, garnering a CAGR of 4.3% from 2018 to 2025.

For purchase enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/4761

Rising sales of luxurious vehicles in developing countries, growing need for lightweight seat frame, and increasing demand for climate-controlled seat technology have fueled the growth of the global automotive seat market. On the other hand, volatility in the prices of metal and slowdown in the sales & production of automobiles hamper the growth to certain extent. Nevertheless, rising demand for animal products free vehicles and growing popularity of autonomous vehicles are expected to create multiple opportunities in the near future.

The fabric segment to remain dominant through 2018–2025

Based on trim material, the fabric segment contributed to more than two-fifth of the total market share in 2017 and is expected to dominate the automotive seat market throughout the forecast period. Growing demand for the polyester and nylon typed fabric material for various interior applications of vehicle along with innovation in fabric material have spurred the growth of the segment.

The passenger car segment to lead till 2025

Based on vehicle type, the passenger car segment held three-fourth of the total market share in 2017 and is anticipated to retain its top status during the forecast period. Increase in demand for vehicles such as sedans, luxury sedans, and mid-range vehicles among others and rise in disposable income are expected to create an opportunity for fabric material for passenger vehicles which, in turn, has risen the requirement of automotive seats used in passenger cars.

To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/4761

The Asia-Pacific region to rule the roost

Based on geography, the Asia-Pacific region garnered the highest revenue in 2017, accounting for around two-fifth of the total market share. Moreover, the same segment is also expected to grow at the highest CAGR of 3.8% during the study period. Rise in adoption of fabric material in automotive, focus on developing newer products, increase in vehicle sale, and government investments & initiative in emerging economies have driven the growth of the automotive seat market across Asia-Pacific region.

Key market players

The key players analyzed in the automotive seat market report include Aisin Seiki Co., Ltd, Faurecia, GENTHERM, Lear Corporation, NHK SPRING Co., Ltd., Magna International Inc, TS Tech Co., Ltd. Adient plc, Tachi-s Co., Ltd., and Toyota Boshoku Corporation. The top-end strategies they adhere to have helped them cling onto their top status in the market.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Global Automotive Seat Climate Systems Market to Reach $92.93 Billion by 2023

Global Automotive Interiors Market Expected to Reach $249,785.4 Million by 2025

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

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