new york, February 2, 2024 /PRNewswire/ — The automotive seat actuation system market is $1.18 billion,in CAGR 8.9% According to Technavio's latest report, between 2023 and 2028. Market growth is driven by factors such as increasing preference for luxury cars, increasing commuting times, and growing market share for car seat actuation systems in emerging countries. Comprehensive HMI integration into the seat is a notable advancement. This trend aims to save seat positions through memory functionality and provide a seamless experience for self-driving car users. For more information – Download a free sample report.
Technavio has published its latest market research report titled Global Automotive Seat Drive Systems Market 2024-2028.
What are the growth drivers, trends and challenges?
- Growth Drivers: Rapid rise in popularity of luxury cars globally is a key factor driving market growth
- Trend: Development of seats incorporating comprehensive human machine interface (HMI) is a prominent trend impacting market growth
- Challenges: Limitations associated with seat actuation systems pose challenges to market growth
What are the key insights?
Market Segmentation: This report segments the market on the basis of application, type, and geography. The passenger vehicle segment is projected to witness significant growth compared to the commercial vehicle segment over the forecast period.
Regional Impact: APAC is projected to contribute 34% to the global market growth during the forecast period. North America There are also significant growth opportunities for market players due to increasing sales of luxury cars, urbanization, rising disposable income, technological advancements, and presence of prominent vendors.
Deep insights into other key segments, such as end users and geographies, enable stakeholders to make informed decisions. View free sample report.
Who is leading the competitive landscape?
Some market players such as Aisin Corporation, Buehler Motor GmbH, Leggett and Platt Inc., Moog Inc., Nidec Corporation, Robert Bosch GmbH, Schaeffler AG, Stellantis NV, Toyota Motor Corporation are: We are implementing various strategies such as: Alliances, partnerships, mergers and acquisitions, geographic expansion, and product/service launches to strengthen our market presence.
This report provides strategic insights on the competitive landscape and provides stakeholders with a roadmap to navigate the dynamic Automotive Seat Drive market. For a comprehensive understanding, Purchase the full report.
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table of contents
- executive summary
- market scenery
- Understanding market size
- Past market size
- five forces analysis
- Market segmentation by application
- Market segmentation by type
- customer situation
- geographical landscape
- Drivers, challenges and trends
- Company scenery
- Company analysis
- appendix
About us
Technavio is the world's leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market position. Offers. With over 500 expert analysts, Technavio's report library consists of over 17,000 reports covering 800 technologies across 50 countries and growing. The company's customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and gain a competitive advantage within the changing market scenario. is evaluating its status.
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