Powered Seat Market for Automotive - Trends, Share, Scope, Research Insights by 2026
Added: (Mon Jan 14 2019)
Pressbox (Press Release) -
Transparency Market Research (TMR) provides key insights on the automotive rear spoiler market in its latest report titled “Powered Seat Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, rising demand for luxury by consumers is predicted to drive the powered seat market during the forecast period.
On the basis of regional perspective, the global powered seat market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Europe & North America are anticipated to hold a significant share of the global market due to the presence of high number of premium & luxury vehicles in these regions. Asia Pacific is expected to dominate the global powered seat market owing to rising vehicle sales in China, Japan, and India.
Rapid economic expansion in China has fueled the demand for premium and luxury vehicles in the country. Luxury vehicle was a rapidly expanding vehicle segment in China in 2017, thus boosting the demand for powered seats in the country. Sales of luxury and premium vehicles are also rising in developing countries such as India, Brazil, and Mexico, which is estimated to fuel the global powered seat market in these countries.
Powered seats are usually offered by automakers for more than eight-way seat adjustments. The four-way and six-way adjustment seats found majorly in the market are mostly manually adjusted seats. However, some automakers such as Ford offer optional 6-way adjustable seats as powered seats in its Escape and Fusion models owing to rising adoption of electronics in vehicle and the demand of power controls. Furthermore, automakers are offering differentiating features in order to maintain competitive edge, which in turn is estimated to propel the demand for powered seats.
Prominent players operating in the global powered seat market are included in this report to give a better competitive landscape and these are Infineon Technologies AG, DENSO Corporation, Embitel, Lear Corporation, Mitsubishi Electric, and Faurecia.
For more information on Powered Seat Market, please visit website transparency market research.
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