Global Automotive Seat Frame Market to reach USD 109.16 billion by 2027.Global Automotive Seat Frame Market is valued approximately USD 81.30 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2021-2027. Automotive seat frames are streamlining frameworks that give comfort for car seats inside the vehicle, and they are very essential constructions in a car that provide driving experience safety. Growing demand of autonomous cars and increasing production of vehicles, worldwide are factors contributing to the market growth. For instance: according to Statista, the production of light vehicles, worldwide is expected to go to 93 million units, by the year end 2025 from 70 million units, in the year 2020. However, Lack of skilled Professionals and high cost involved in the advanced modular seats impedes the growth of the market over the forecast period of 2021-2027. Also, increasing demand of innovative materials, like magnesium alloys and rapid investments in the research and development of automotive industry is likely to increase the growth of the market in the forecasting period.
The regional analysis of global Automotive Seat Frame market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation. North America is the leading region across the world in terms of market share owing to rapid technological advancements Whereas Europe is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing investments in the R&D in the automotive sector would create lucrative growth prospects for the Automotive Seat Frame market across European region.
Major market player included in this report are:
Lear Corp.
Faurecia
Toyota Boshoku Corporation
Adient plc
Magna International
Brose
Hyundai Dymos
TS Tech
Adient PLC
Aisin Seiki Co. Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product type:
Steel
Aluminium
Magnesium Alloy
Others
By Application:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Automotive Seat Frame Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors