Auto seat market: Increase in SUV entry to drive growth
Factors such as the comfort and safety of SUVs, the introduction of low-cost, compact and mini SUVs, off-road capabilities, and higher seating capacity are increasing the sale of SUVs worldwide. For example, in 2018, SUVs accounted for about a third of global sales. Also, during the fiscal year 2018, worldwide SUV sales increased 1.89 million units compared to SUV sales in 2017. Considering the growth opportunities from SUV sector, sellers in the market are focusing has been developing special sets for SUVs. For example, in January 2018, RECARO Automotive Seating has launched a new range of performance sets designed specifically for SUVs. SUV performance seats feature high-quality leather and rugged aluminum for enhanced comfort and give the vehicle a fun look. Therefore, the global sales rate of SUVs is expected to boost the growth of global car seat market during the forecast period.
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As per Technavio, the increase in the adoption of technologically advanced seats will have a positive impact on the market and will significantly contribute to its growth over the expected period. This research report also analyzes other important trends and market drivers that will affect the market growth over 2021-2025.
Auto seat market: Increase in the adoption of technologically advanced seats
Demand for luxury vehicles is growing worldwide, especially in developing countries such as China and India. This may be due to the development of economic conditions and the availability of financing services. The growth of the luxury vehicle sector has led to an increase in the demand for technologically advanced seats that offer better comfort and cost more compared to regular automatic seats. Therefore, the growing demand for technologically advanced automated sets is expected to have a positive impact on the market growth during the expected period.
“Embedding additional capabilities and customization in car seats and tracking the weight level of drivers with intelligent car seats will further grow the market over the period ahead. ”Says a senior analyst at Technavio.
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Automated Seat Market: Separation Analysis
This market research report separates the auto seat market by Demand (passenger cars and commercial vehicles) and Geography (APAC, Europe, North America, South America, and MEA).
APAC’s division led the car seat market in 2021, and beyond Europe, North America, South America, and MEA respectively. During the forecast period, APAC is expected to record the highest incremental growth due to increased sales of passenger and commercial vehicles in the region.
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Some of the key issues raised in the report include:
Market challenges
Market drivers
Market trends
Landscape Seller
- Vendors covered
- Vendor classification
- Vendor market position
- Competitive position
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