Global Automotive Seat Actuation System Market 2017-2021 - Growing Demand for Luxury Vehicles is Driving the ESAS Market

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Feb 16, 2018, 02:00 ET

DUBLIN, Feb. 16, 2018 /PRNewswire/ --

The "Global Automotive Seat Actuation System Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.

Global automotive seat actuation system market to grow at a CAGR of 3.85% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is advanced automotive seating by Faurecia. Based on the acclaimed Audi A8 premium seats, several concepts were developed by Faurecia for automated seating positioning for adjusting seats properly as that of occupant's body dimensions. This adjustment can have added features, such as side lumbar supports and back lumbar supports.

According to the report, one driver in the market is growing demand for luxury vehicles, driving ESAS market. The light vehicles market is witnessing a healthy growth rate. The sales are expected to reach 107 million units by the end of the forecast period. At the same time, the car sales of premium brands, such as BMW and Mercedes-Benz from Europe, Acura and Infiniti from Japan, Cadillac, and Lincoln from North America, are expected to reach 11.4 million units by 2022 from 8.9 million units in 2015. Demographic changes taking place in China are another factor driving the growth of the premium vehicles segment. Though the Chinese automotive market is declining, luxury vehicles are being manufactured for wealthy individuals. The Western European market has also recovered from global crisis with a healthy appetite for luxury vehicles.

Further, the report states that one challenge in the market is increase in car-sharing services. Car-sharing service is a rental model, where people can rent cars for a short period of time. This business model is attracting individuals who rarely drive vehicles or who want to drive variants of vehicles. The aim of the car-sharing service is to provide cost-effective solutions for people to enhance daily commute and mobility. It has increased accessibility, improved traveling choices of users, and helped in reducing environmental impact. Owing a car includes several fixed costs, insurance, and maintenance cost, but this is not the case with sharing services, where users will just pay the amount based on the distance and time traveled.

Key Vendors

Bosch
Continental
Delphi
Faurecia
Johnson Electric

Other Prominent Vendors

Kongsberg Automotive
Nidec
Leggett & Platt
SHIROKI Corporation
TOYOTA BOSHOKU
TS TECH

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation by Product Type

Part 07: Market Segmentation by Vehicle Type

Part 08: Geographical Segmentation

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/zp7j34/global_automotive?w=5

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SOURCE Research and Markets