Global Automotive Seats market is projected to garner earnings worth approximately 77.25 (USD Billion) by 2026 and is set to record a CAGR of nearly 3% over the period from 2020 to 2026.
New York, United States - October 29, 2020 /MarketersMedia/ —
As per Zion Market Research, the global automotive seats market is predicted to cross USD 77.25 billion by 2026 with a CAGR of almost 3% over 2020-2026. Rising global vehicle generation, particularly SUV/MPV and passenger cars segments, increasing premium cars sales with luxury, premium features, and comfort are together predicted to power the global market in the years to come.
Some of the major automotive seats suppliers and manufacturers are NHK Spring, Adient, Faurecia, Lear Corporation, Magna International, Toyota Boshoku, Tachi-S, TS Tech, and Gentherm.
Genuine Leather Category By Trim Material Predicted To Develop At The Max Rate In The Automotive Seats Market In The Years To Come
The genuine leather trim material category is predicted to be the quickest developing market in the coming years due to the elevated premium cars sales all over the world. As per Zion Market Research, the worldwide premium car sales increased by almost 6% in 2019. Developed areas such as Europe, North America, and a few Asian nations such as South Korea and Japan are major markets for these cars. In addition to this, the penetration of F, E, and SUV-E & SUV–D segment vehicles in the US was almost 50% in 2019. In the same way, it was almost 30% in the UK in 2019. Most of the cars from these sections as a standard feature have genuine leather seats. A few major models such as Lincoln Zephyr/MKZ, Mercedes E-Class, Jaguar XF, Range Rover Sport, BMW 7 series, and Land Cruiser have genuine leather in the worldwide market. The increasing requirement for premium cars all over the globe is eventually powering the requirement for the global market in the years to come.
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Asia Pacific To Be The `Largest Expanding Automotive Seats Market In The Forecast Period
Asia Pacific is expected to be the biggest market for automotive seats due to a dynamic change observed in the past few years in the automotive sector. The area has also observed a noteworthy potential in the commercial and passenger vehicles creation. Consequently, Asia Pacific has been surfaced as a center for automobile creation. In addition to this, South Korea and Japan have undergone a significant increase in enhanced seats in the late times, due to the increasing per capita revenue and altering preference toward premium vehicles and attendance of premium automotive firms. Together with passenger vehicles, commercial car creation also increased strongly and is predicted to develop gradually.
The global automotive seats market is segmented as follows:
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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