Global Automotive Seats Market: Key Highlights
Global Automotive Seats Market: Key Market Dynamics
Global Automotive Seats Market: Regional Overview
The growth in the Asia-Pacific region is attributed to the rising adoption towards luxury and comfort and increasing demand for advanced seat technology. This region has witnessed high usage of advanced seats due to the adoption of smart vehicles, owing to the shifting preference toward premium cars and rising per capita income in countries such as Japan, South Korea, and China which are expected to boost the growth for the automotive seats market.
In Europe, the increasing vehicle production and customers liking towards high-end vehicles using advanced seats and safety systems along with flashy interiors have boosted automotive seats market growth. Europe witness a high demand for heated seats. Heated seats have a heating element placed inside them to warm the cushion and thus, provide comfortable seating during winters. Rising sales of premium and luxury cars is expected to boost the demand for heated seats, which in turn is likely to propel the automotive seats market.
Global Automotive Seats Market: Key Players Overview
Adient plc is an Irish-Based company that manufactures and designs automotive seats systems and components. In January 2020, Adient plc and Yanfeng Automotive Interiors company extended their agreement for the joint venture Yanfeng Adient Seating Co., Ltd.’s (YFAS), till December 2038. The company sold its intellectual property and certain mechanisms business patents used in its seating business to Adient Yanfeng Seating Mechanisms Co., Ltd. (AYM).
Faurecia company manufactures automotive parts and design vehicle interiors with emission control technology. The company offers trim covers, electronic and pneumatic systems, frames, head restraints, foam pads, cockpits, door panels, modules, enter consoles, control technology tools, and decorative components. In March 2018, Faurecia won a contract to provide seating for BMW AG company. The agreement includes frames, covers, and foams with just-in-time seating assembly for seven models, seat structures for 10, including Minis and the BMW 2 series.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.
Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.
Phone: +1 (720) 306 9020