According to research, automotive racing seats market is projected to grow with a CAGR of 8% – 10% for the forecast period of 2021-2031.Demand for this product will be witnessed across all regional markets.
Due to the light-weighting of seats and growing popularity of racing events in developing economies, the market for this product is set to prosper.
What is Driving Demand for Automotive Racing Seats
Automotive racing seats possess a lot of features that enable them to safeguard the persons on them. They have advanced lateral support and ability to accommodate racing harnesses.
These seats are designed according to the shape of a human body to provide apt weight distribution, which helps the driver to withstand gravity force while cornering. They also come with special openings for 3, 4 or 5 point racing harnesses to increase safety in extreme driving conditions.
These seats are often lighter in weight compared to other automotive seats, which is vital for a racing car. Furthermore, these seats are universal and can be installed in any vehicle using model specific or bolt-on seat mounting brackets.
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Many manufacturers are increasingly focusing on reducing fuel emission resulting in a surging development of light-weight vehicles.
The deployment of light-weight seats reduces the overall weight of the racing cars. Thus, the availability of light racing seats will drive the sale of this commodity in the forecast period.
Environmental Concerns to Provide Growth Opportunities to Automotive Racing Seats
Concerns regarding environmental degradation and hence developments to counter these concerns have made place in the world.
Automotive racing seats are generally made of carbon fibers and the manufacturing process results in the emission of several harmful and toxic substances.
Researchers are trying to substitute these carbon fibers with natural fiber substitutes and few companies have come up with such natural fiber racing seats.
The replacement of carbon fibers will gradually become a trend and catch pace, with better alternatives coming out and innovations happening in this field in the forecast period.
Asia-Pacific Automotive Racing Seats Demand Outlook
The Asia-Pacific region is expected to grow and hold a substantial share in the global automotive racing seats market in the forecast period.
There will be a rapid rise in the market of this product in this region which is attributed to growing economies and rapid urbanization.
Ideas and interests like car racing are slowing becoming prominent in many countries like India with cinematic use of these seats increasing as well.
This will ensure the growth of the automotive racing seats sector.
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