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The global Truck Seats market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2026. In 2021, the market was growing at a steady rate and with the rising adoption of strategies by key players.
The market is expected to rise over the projected horizon. The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments.
Global Truck Seats Market Size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.
North America is the biggest market for pickup trucks in the world. Europe and the Asia Pacific regions are expected to lead the market for Automotive Seats during the forecast period. The market growth in Europe and Asian countries is associated with the growing need for affordable vehicles due to changes in customer behaviour amid pandemics.
The market growth in Asian countries such as China and India can be attributed to the increasing demand for vehicles. Due to the increased vehicle production and sales, China is estimated to be the fastest-growing market for automotive seats in this region. Demand for powered and heated seats is expected to grow in this region
The COVID-19 pandemic hindered the growth of the automotive seat market, as there were continuous lockdowns and travel restrictions across the world to contain the virus.
In addition, the supply chain of the market got affected as manufacturing units were shut down. Besides, these high costs of modular and advanced seats compared to traditional seats may hamper the growth of the automotive seat market.
However, the increasing usage of lightweight materials to decrease the weight of automotive seats is creating new opportunities in the market for automotive seats. The growing demand for vehicle production and rising SUV will fuel the automotive seat markets in the forecast period.
The automotive seat market is mainly dominated by some of the key players, such as Aisin Seiki Co. Ltd, Toyota Boshoku Corporation, Adient, Lear Corporation, Magna, Faurecia, Achi Co. Ltd, IFB Industries Limited, etc., holding a significant market share globally. With innovation gaining focus in the automotive seat market, leading companies are coming together for research and development of innovative and novel automotive seating solutions.
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