Automotive Seat Track Market Forecast and CAGR
According to Fact.MR' latest report, the automotive seat track market is expected to grow steadily between 2021 and 2031 at a CAGR of 4%-6%. Owing to the impact of Covid-19, the market will rebound gradually in the short term, with an ambitious long-term growth outlook. The automotive seat track market will be driven by rising vehicle output and demand for passenger cars and light vehicles.
What is Driving Demand for Automotive Seat Track?
Automotive seat tracks are mechanical devices that connect to car seats and enable the driver and the co-passenger to change his or her seating posture. The demand for automobile seat track has increased due to rapid advancements in technology, enhanced safety features, increased net disposable incomes, and growing vehicle production.
The car control system is integrated with the latest technology such as seat adjustment features, which improves the user experience, driving the demand for global automotive seat track.
Electric vehicles are a profitable industry with a lot of room for expansion. Electric cars are next-generation vehicles with cutting-edge technology. These vehicles are built with safety and comfort in mind. Volvo, Tata, Hyundai, and Tesla are working with seat track manufacturers to add automatic seat tracks that not only provide protection but also improve the driving experience.
Know More Details About the Report
Electric Seat Tracks Likely to Elevate the Sales in the Premium and Luxury Passenger Car Segment
The COVID-19 induced slowdown has had an effect on global automotive production and sales. This has resulted in a drop in sales of automotive parts and materials. Over the course of one to two financial years, the automotive industry will rebound, resulting in increased demand for the product's market. This has enabled manufacturers with time, to concentrate on new technologies. Electric seat tracks are expected to have an increasing market share in the future, as the production trend of intelligent, scientific, and comfortable car seats continues.
US and Canada Automotive Seat Track Demand Outlook
Throughout the forecast period, it is expected that the North America will remain one of the most profitable markets for automotive seat track. The strength of car seat tracks should be increased, according to the National Traffic and Motor Vehicle Safety Act passed by the United States government in 1966. This included specifications for the proper design and protection of car seat assemblies.
The presence of key vendors in this area, as well as an increasing preference for seat tracks, increased net disposable income, increased luxury spending, and a growing need for comfort, are all driving demand for seat tracks.
Avail customized purchase options for your needs
Europe Demand Outlook for Automotive Seat Track
Due to the presence of leading manufacturers in the region, the Europe will generate high demand for automotive seat track during the forecast period, with UK and Germany expected to occupy a significant share of the market. Europe is expected to be one of the prominent market for automotive seat track, owing to increased vehicle production and sales.
Because of the growing demand for mid- and high-end SUVs, demand for electric seat tracks is expected to increase in this area. Europe hosts a large number of industry participants, with the majority of international industry leaders forming joint ventures with local manufacturers.
Who are the Key Manufacturers and Suppliers of Automotive Seat track?
Some of the leading manufacturers and suppliers include
- Johnson Controls
- DURA Automotive System
- IFB Automotive
- SHIROKI Corporation
- Brose Fahrzeugteile
- TS Tech Atwood Mobile Products
- Fisher and Company
- Imasen Electric Industrial
- Toyota Boshoku
Market expansion to expand geographical scope, mergers & acquisitions, investment in R&D to build new systems, joint ventures, alliances, branding & promotion, technology adoption, and building entry barriers for new players are some of the key strategies employed by these companies.
An Adaptive Approach to Modern-day Research Needs
Automotive Seat Track Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Have a report related query? Speak to us directly
By Product Type
- Active locking tracks
- Passive non-locking tracks
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
- South Asia (India, ASEAN, Rest of South Asia)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Need an Exclusive Report for your Unique Requirement?
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report on the radiation proctitis treatment industry has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.