NEW YORK, Jan. 12, 2024 /PRNewswire/ — The automotive seats market is estimated to grow by USD 15.37 billion from 2022 to 2027, growing at a CAGR of 4.33%. The automotive seat market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive seats market are Adient Plc, Bharat Seats Ltd., Chongqing Huixinyi Technology Co. Ltd., COBRA SEATS, FP Seating Systems Pvt. Ltd., Gentherm Inc., Glide Engineering INC., Lazzerini Srl, Lear Corp., Magna International Inc., NHK Spring Co. Ltd., RCO Engineering Inc., RECARO Automotive GmbH, SAIC Motor Corp. Ltd., SAL Automotives Ltd., Stellantis NV, TACHI S Co. Ltd., Toyota Motor Corp., TS TECH Co. Ltd., and Victora Auto Pvt. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying
Company Offering:
- Adient Plc – The company offers complete seats and commercial vehicle seats for automobiles with detailed trim and certified foam.
- Bharat Seats Ltd. – The company offers automotive seats such as railway seats, four-wheeler seats, and two-wheeler seats.
- COBRA SEATS – The company offers automotive seats called Luxury Stadia Seating for sports cars.
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By Geography, the market is classified as APAC, Europe, North America, South America, and Middle East and Africa. APAC will have the largest share of the market. The region will contribute 64% to the growth of the global automotive seat market during the forecast period. Improved economic conditions in APAC, especially in China and India, drive the automotive industry’s expansion. A growing middle class with rising incomes fuels passenger and commercial vehicle sales. E-commerce growth and robust mining sectors boost demand for commercial vehicles. Heavy-duty trucks are crucial for transportation in the region. Manufacturers are setting up facilities, focusing on automotive components and seats. Post-COVID-19, vaccination drives revived car manufacturing, supporting EV production and charging infrastructure development, likely boosting car seat demand.
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- Impactful driver- The remarkable growth of the automotive seats market is primarily driven by the rising prevalence of SUVs. Adient, Lear Corporation, Faurecia, Magna International, Toyota Boshoku, Brose Fahrzeugteile, Gentherm, Tachi-S, TS Tech, and NHK Spring are key players in this sphere. This rise in SUV popularity directly impacts the demand for innovative car seating systems. As SUVs gain traction, these companies invest in advanced automotive seats to meet evolving consumer preferences and ensure enhanced driving experiences.
- Key Trend – An influential trend shaping the automotive seats market involves integrating extra functionalities and offering customization options. This trend impacts seat manufacturers and drives the automotive seating market. Innovations like electrically adjustable seats and comfortable seating solutions enhance automotive upholstery, including leather car seats. This trend aligns with vehicle interior components and automotive interior design, improving advancements in vehicle seating innovations that cater to diverse consumer preferences.
- Major Challenges – The automotive seats market faces challenges due to a decline in vehicle sales and production rates. This decline directly impacts automotive seat suppliers specializing in passenger car seats, reclining seats, and advanced automotive seating technology. Challenges also emerge for innovations like seat heating systems and seat ventilation. Maintaining growth in premium car seat designs becomes arduous within the automotive seating industry amidst the struggle to navigate fluctuating automobile seating solutions demand stemming from reduced vehicle sales and production.
Market Segmentation
- The passenger cars segment will be significant during the forecast period. The passenger car segment in the automotive seats market is driven by SUVs’ growing acceptance due to their versatility, comfort, and rising demand for electric vehicles globally. EV adoption increases due to emission regulations, diesel vehicle bans, enhanced range, cost-effectiveness, and government incentives. Car manufacturers focus on seat comfort to meet increasing consumer demand for in-car convenience, emphasizing advanced seat technology like heating and ventilation, anticipated to boost market growth.
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TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by
7 Market Segmentation by
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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