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Redding, California - November 6, 2024

Automotive Seats Market to be Worth $58.9 Billion by 2031

Automotive Seats Market Size, Share, Forecast, & Trends Analysis by Vehicle Type (Passenger Cars, LCV, HCV), Seat Type, Seat Technology (Manual Seats, Powered Seats, Smart Seats), Material, Distribution Channel (OEMs and Aftermarket), Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Automotive Seats Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research^®, the automotive seats market is projected to reach $58.9 billion by 2031, at a CAGR of 1.5% from 2024–2031.

Increasing vehicle production and sales and increasing demand for electric vehicles (EVs) are some of the key factors driving the growth of the automotive seats market. In addition, the advancements in seat technology and sustainable materials and customization are considered potential opportunities for market players.

However, market growth is restrained by fluctuating raw material prices and complexity in design and customization

Key Players

The automotive seats market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the automotive seats market are Adient plc (Ireland), AISIN Group (Japan), Faurecia SE (France), Gentherm Incorporated (U.S.), Lear Corporation (U.S.), Magna International Inc. (Canada), NHK Spring Co., Ltd. (Japan), TACHI-S CO. LTD. (Japan), Toyota Boshoku Corporation (Japan), TS TECH CO., LTD. (Japan), Ningbo Jifeng Auto parts Co., ltd. (China), Hyundai Dymos (South Korea), Bharat Seats Limited (India), Grammer AG (Germany), and Pheonix Seating Limited (U.K.).

The automotive seats market is segmented based on vehicle type, seat type, seat technology, material, and distribution channel. The report also evaluates industry competitors and analyzes the automotive seats market at the regional and country levels.

Among the vehicle types studied in this report, in 2024, the passenger cars segment is anticipated to dominate the automotive seats market. Increased production and sales of passenger cars; growing consumer preference for vehicles with advanced features like heated, ventilated, and power-adjustable seats; the rising adoption of electric vehicles (EVs) and autonomous vehicles; and the expansion of shared mobility services, like ride-hailing and car-sharing are some of the key factors contributing to the segment’s dominant position in the automotive seats market.

Among the seat types studied in this report, in 2024, the powered seats segment is anticipated to dominate the automotive seats market. The dominant position of this segment is mainly attributed to increasing consumer demand for enhanced comfort, convenience, and advanced vehicle features; technological innovations, such as memory settings, massage functions, and climate control; and the rise of autonomous vehicles.

Among the materials studied in this report, in 2024, the fabric segment is anticipated to dominate the automotive seats market. Fabric seat material in the automotive seats provides a balance of comfort and affordability, making it an attractive option for manufacturers and consumers. Its lightweight nature aids in improving vehicle fuel efficiency, which is crucial as automakers push for more eco-friendly designs. Moreover, the growing availability of high-performance fabrics with enhanced durability, UV resistance, and customization options allows manufacturers to offer appealing interior designs across different vehicle segments, from economy to premium models. These factors contribute to the segment’s dominant position in the automotive seats market.

Among the distribution channels studied in this report, in 2024, the OEMs segment is anticipated to dominate the automotive seats market. This segment's large market share is attributed to the fact that OEMs provide durability, longevity, and shelf-life of automotive seats more genuine than third parties. Also, OEMs constantly innovate and integrate advanced seating technologies, such as powered seats, ventilation, and ergonomic designs, into their vehicle offerings.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, and Rest of Latin America), and Middle East & Africa (UAE, Israel, and Rest of Middle East & Africa).

Among the geographies studied in this report, in 2024, Asia-Pacific is anticipated to dominate the automotive seats market. Rapid urbanization and rising disposable income, particularly in countries like China, India, and Japan, along with growing demand for both economy and luxury vehicles in these markets has led to increased production and adoption of advanced seating technologies. Additionally, the presence of major automotive manufacturers and expanding electric vehicle (EV) initiatives in the region further fuel the demand for innovative, comfortable, and cost-effective seating solutions, contributing to the region’s dominant position in the automotive seats market.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6075

Key Questions Answered in the Report:

What is the value of revenue generated from sales of automotive seats?
At what rate is the global demand for automotive seats projected to grow for the next five to seven years?
What is the historical market size and growth rate for the automotive seats market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which offering segments create major traction in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the automotive seats market?
Who are the major players in the automotive seats market? What are their specific product offerings in this market?
What recent developments have taken place in the automotive seats market? What impact have these strategic developments created on the market?

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Redding, California - November 6, 2024

Automotive Seats Market to be Worth $58.9 Billion by 2031

Automotive Seats Market Size, Share, Forecast, & Trends Analysis by Vehicle Type (Passenger Cars, LCV, HCV), Seat Type, Seat Technology (Manual Seats, Powered Seats, Smart Seats), Material, Distribution Channel (OEMs and Aftermarket), Geography - Global Forecast to 2031

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