London, 07 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Static Seating Market 2014-2018, which is predicted to grow at a CAGR of 4.50 percent during 2013-2018.
Rapid industrialization, high economic growth, and favorable demographics, such as huge population, growing affluence of the middle class, and increased consumer spending power are some of the major factors that will lead to a significant growth of the Global Static Seating market during the forecast period.
Key Market Drivers
- Growing Demand for Luxury and Performance Seating
- Innovations in Inexpensive and Durable Seat Materials
- Increase in Size of Urban Middle Class
- Increased Demand for 3D Movies
Key Market Trends
- Demand for Thinner Seats with High Strength-to-weight Ratio
- Increased Demand for Eco-friendly Fabrics
- Growing Demand in the Airline Aftermarket
“High demand for compact automobiles in developing countries because of their cost advantage has increased the demand for thinner and lighter seats that occupy less space in the vehicle. Hence, a demand for thinner seats with a high strength-to-weight ratio is a recent trend being witnessed in the market,” says Faisal Ghaus, Vice President of TechNavio.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
