Automotive Seat Actuation System Market size records growth of USD 1.18 billion between 2023 and 2028, Major Innovations and Key Vendor Offerings- Market Size, Share, Forecast, Report - Technavio

NEW YORK, Feb. 20, 2024 -- The Automotive Seat Actuation System Market is set to increase by USD 1.18 billion, at a CAGR of 8.9% between 2023 and 2028, according to the latest report by Technavio. A few market players, including AISIN CORP., Buhler Motor GmbH, Leggett and Platt Inc., Moog Inc., Nidec Corp., Robert Bosch GmbH, Schaeffler AG, Stellantis NV, and Toyota Motor Corp., are implementing diverse strategies such as alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches to strengthen their market presence. For more information - download the free sample report

The market's growth is fueled by factors such as the rising preference for luxury vehicles, increased commuting time, and the expanding market share of automotive seat actuation systems in emerging economies. The integration of holistic HMIs in seats is a notable development. This trend aims to store seat positions through memory functions, offering a seamless experience for users in automated vehicles. 

What are the Growth Drivers, Trends, and Challenges?

• Growth Driver: The surge in popularity of luxury vehicles globally is a significant factor propelling market growth
• Trends: The development of holistic human-machine interface (HMI)-embedded seats is a prominent trend influencing market growth
• Challenges: Limitations associated with seat actuation systems pose a challenge to market growth

What are the key insights?

Market Segmentation: This report segments the market based on Application, Type, and Geography. The passenger vehicles segment is projected to experience significant growth compared to the commercial vehicles segment throughout the forecast period.

Regional Impact: APAC is projected to contribute 34% to the growth of the global market during the forecast period. North America also has significant growth opportunities for market players due to increasing sales of premium vehicles, urbanization, growing disposable income, technological advances, and the presence of prominent vendors. View Free Sample Report.

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Table of Contents

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Size
5. Five Forces Analysis
6. Market Segmentation by Application
7. Market Segmentation by Type
8. Customer Landscape
9. Geographic Landscape
10. Drivers, Challenges, and Trends
11. Company Landscape
12. Company Analysis
13. Appendix

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio