MarketResearchNest.com adds “Global Automotive Racing Seat Market 2017-2021” new report to its research database. The report spread across 60 pages with table and figures in it.
Research analysts forecast the global automotive racing seat market to grow at a CAGR of 10.68% during the period 2017-2021.
About Automotive Racing Seat
A racing seat is a one-piece, molded structure that holds the occupant in an upright position during vehicular motion by restricting the body movement. This type of seat is mostly used in high-performance vehicles. Racing seats (such as the ones associated with the Lamborghini brand) are optimized in terms of weight. It generally uses a cushion for areas such as the lower back, upper back, head rest, and sitting location.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive racing seat market for 2017-2021. To calculate the market size, the report considers the units of shipments in the OEM market.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-automotive-racing-seat-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Automotive Racing Seat Market 2017-2021, 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.
Technavio Announces the Publication of its Research Report – Global Automotive Racing Seat Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive racing seat market: RECARO and Corbeau
Other Prominent Vendors in the market are: Lear Corporation, Faurecia Seating, MOMO, and Cobra Seats.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Emergence of autonomous and electric vehicle market in China. The autonomous driving is a vision of the future and will drive the R&D and design developments of the automotive industry. China, which is the biggest automobile market, is expected to move ahead of other countries in terms of technological innovation. It was reported that electric solutions would be incorporated in Chinese megacities and urban areas.”
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According to the report, one of the major drivers for this market is Light weighting of seats contributing to desired emission and fuel economy. The application of weight reduction in automobiles is also being implemented in seating systems. Weight reduction in automotive seating includes system integration and co-molding process. The initial lightweighting process of seating system involved the use of magnesium, hybrid materials, and higher grades of steel for seat frames. The weight reduction in seat systems is required in heavier segments of vehicles such as performance vehicles and luxury vehicles. Lightweight racing seats set can reduce about 21 kg per set in a vehicle. High-performance racing seats are even lighter and can save about 26 kg in a vehicle compared to normal seats. In an eco-performance racing seat system, the addition of comfort or luxury features adds about 2.5 kg per seat. Some of these systems include the electric motor for adjustment, electrical circuit systems, and movable seat support.
Further, the report states that one of the major factors hindering the growth of this market is Delayed product delivery due to long technology development cycle. The R&D of the technology requires a longer lead time than a standard seating system due to the regulations associated with it. A typical racing seat is subjected to almost 20 kinds of different testing from some of the prominent motor sports federations such as the FIA. Physical testing is more important than material testing. The requirement of this technology to be optimized for luxury performance segments consumes more time in terms of material selection and validation, electronic system design (which must be optimized in terms of the size), safety features, etc. The products take about 12-15 months to get validated and receive a safety certification for legal applications. The production of such products takes a long time due to the use of advanced materials such as carbon fiber, magnesium and aluminum for the frames, premium foam cushion, and premium fabric for the cover.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain