Transparency Market Research
Rise in mobility is compelling people to spend more time in vehicles. Consequently, automotive manufacturers are increasingly focusing on enhancing the comfort levels of vehicles. Comfort provided by seats in the automotive industry is an important factor directly influencing the buyer’s decision process. Automotive manufacturers also provide modified seats, based on the type of material used and seat designed in order to cater to the demands of customers. Driver exhaustion is a major reason for vehicular accidents. Automotive seats help reduce stress exerted on the spine and muscular system of the human body. They relax tense muscles and enhance the riding pleasure. This is projected to increase the demand for the automotive seat adjusters in the near future.
Rise in vehicle production, increase in demand for safety features, and expansion of various vehicle segments are major factors driving the automotive seat adjusters market. Government initiatives for foreign direct investments are propelling the automotive seat and seat adjusters market. Manufacturers face a challenge to develop lighter and inexpensive seats. Rising demand for luxurious seating systems is presenting more opportunities for the automotive seat adjusters market. Manufacturers are emphasizing on research and development activities in order to make their product more safe and luxurious. Volatility in currency exchange rates, regulations, and changing consumer needs and preferences are likely to affect the market dynamics.
The global automotive seats market can be segmented based on type, technology, vehicle, electric vehicle, sales channel, and region. In terms of type, the automotive seat adjusters market can be divided into split seat and other three segments. In terms of value, the split seat segment is projected to account for a major share of the market in the near future. Based on technology, the automotive seat adjusters market can be classified into automatic and another prominent segment. The automatic segment is anticipated to account for a major share of the automotive seats adjusters market during the forecast period. The average distance traveled by a consumer has increased over the years. This has significantly propelled the need for comfortable seating and convenience. Consumers are willing to spend more in order to obtain high-quality products in their automobiles.
In terms of vehicle, the automotive seat adjuster market can be segregated into passenger vehicle and one more segments. The passenger segment is expected to account for a major share of the automotive seat adjuster market during the forecast period. Based on electric vehicle, the market can be classified into battery vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Promotion and support by governments toward the usage of green energy is expected to drive the electrical vehicle segment during the forecast period. The hybrid electric vehicle segment accounts for a larger share of the global market, as compared to battery electric vehicle and plug-in hybrid electric vehicle segments. In terms of sales channel, the automotive seat adjuster market can be split into OEM and aftermarket.
Based on geography, the global automotive seat adjusters market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia pacific region is the major market share for automotive seat adjusters market where the countries like China, India, Japan, and South Korea are hold the significant market share for automotive component manufacturing industry. The most of the automotive seat adjusters manufacturer are focusing in Asia Pacific region. Due to factors such as low production costs, plenty of economical labor, emission and safety norms, and government initiatives for foreign direct investments. Rise in automotive production is boost the automotive seat adjusters market in Asia Pacific.
Key players operating in the global automotive seat adjusters market include Tata AutoComp Systems Ltd, Faurecia SA, Lear Corporation, IFB Automotive, Toyota Boshoku Corporation, DURA Automotive Systems, Aktis Engineering Solutions, Magna International Inc., Fisher and Company, TS Tech Co., Ltd., GRAMMER AG., and Johnson Controls Inc.,
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