The global electric vehicle seats market size is projected to reach USD 8.13 billion by 2030, from USD 3.1 billion in 2022, at a CAGR of 12.8% during the forecast period 2023-2030.
Electric Vehicle Seats are used in a catalytic converter to reduce the harmful emission caused by internal combustion engines which are mostly administered in modern automobiles and vehicles. Moreover, catalysts are chemical substances that enhance the rate of reaction occurring in the catalytic converter and remain unchanged at the end of the reaction. Electric Vehicle Seats have become an essential part of modern vehicles as they help in decreasing the release of carbon monoxide, carbon dioxide, nitrogen oxides, and particulate matter.
The Major Players in the Electric Vehicle Seats Market Include:
Adient,Lear Corporation,Faurecia,Toyota Boshoku,Magna International,RECARO,Brose Fahrzeugteile,Fisher and Company,Tata Autocomp Systems Limited,Marter Automotive Seating Systems,TS Tech Corporation Ltd.,NHK Spring Co. Ltd.,Guelph Manufacturing Group,Futuris Group And Other Major Players
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The report also keeps track of and documents major events such as joint endeavors, corporate mergers, new product innovations, accomplishments, and market activity. The major goal of this study is to provide a growth map that can be used to calculate the benefits. The research includes a deep dive analysis of the Electric Vehicle Seats market trend, covering present and future trends, in order to illustrate the industry's common investment pockets. The study includes a competitive analysis of industry participants, as well as their market share in the global Electric Vehicle Seats market.
Market has segmented the global Electric Vehicle Seats market on the basis of type, application, and region:
The Electric Vehicle Seats market is segmented by type and application. Growth between segments over the period 2023-2030 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type:
- Genuine Leather
- Synthetic Leather
- Fabrics
- Polyurethane Foam
By Propulsion Type:
- BEV
- HEV
- PHEV
By Regional Outlook
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact and Recovery Analysis on Industry:
The pandemic has had a significant impact on major vehicle manufacturing countries such as China, Japan, Germany, and the United Kingdom. Because of the pandemic, demand for automotive seats is expected to fall in 2020. However, in order to increase vehicle sales, new safety features have been implemented. Geely Motors in China, for instance, has introduced a N95-certified Intelligent Air Purification System that prevents bacteria and viruses from entering the vehicle. Jaguar Land Rover (JLR) is developing UV-C light sanitization units to be used in future HVAC systems to kill germs, bacteria, and viruses. The rise in the adoption of EV is expected to drive the growth of Electric Vehicle Seats market over the forecasted period.
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IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2030)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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