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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
Report ID: MRAUTO - 1041392 Pages: 250 Nov-2024 Formats*: PDF Category: Automotive and Transportation Delivery: 24 to 72 Hours Download Free Sample ReportThe growth of this market is driven by increasing vehicle production & sales and increasing demand for electric vehicles (EVs). Furthermore, advancements in seat technology and growing focus on sustainable materials and customization are expected to generate growth opportunities for the stakeholders in this market.
The expansion of the automotive seats market is primarily fueled by the growing production and sales of vehicles worldwide. As demand for personal and commercial vehicles increases, manufacturers are scaling up production to meet consumer expectations, which in turn drives the need for automotive seats. This growth is also bolstered by innovations in seat technology, including improved comfort features, lightweight materials, and ergonomic designs, making them more attractive to both automakers and consumers. The trend is especially noticeable in emerging markets, where rapid urbanization and rising disposable incomes are leading to higher vehicle ownership and, subsequently, a stronger demand in the automotive seats market. Such factors help to drive the growth of the market during the forecast period.
The increasing demand for electric vehicles (EVs) plays a pivotal role in driving the growth of the automotive seats market. As the global shift toward eco-friendly transportation accelerates, electric vehicles are gaining significant traction among consumers. With governments and regulatory bodies pushing for cleaner energy alternatives through incentives and policies, automakers are focusing heavily on EV production. This rise in EV production directly influences the demand for advanced and specialized automotive seats, as manufacturers seek to integrate features like lightweight materials, smart technology, and enhanced comfort that align with the unique design and energy efficiency requirements of electric vehicles.
Moreover, the rise of electric autonomous vehicles is driving a new era of automotive seat design. As the need for driver interaction decreases, seats are being designed for flexible configurations and maximum comfort, allowing passengers to relax or even work during their commute. This has created opportunities for seat manufacturers to explore new ergonomic designs and technological advancements tailored to the evolving needs of electric and autonomous vehicles. Such factors help to drive the growth of the market during the forecast period.
Advancements in seat technology are creating significant opportunities for growth in the automotive seats market. As the automotive industry continues to evolve, manufacturers are increasingly focusing on enhancing seat designs to meet consumer demand for comfort, safety, and convenience. The development of smart seating systems, which incorporate features like built-in heating, cooling, massage functions, and memory settings, has become a key driver for the market. These innovations improve the overall driving experience and address consumer preferences for personalized comfort, making them a valuable selling point for automakers.
As automakers push toward electric vehicles (EVs) and fuel efficiency, lightweight seat materials are gaining importance. The composite and aluminum frames materials help reduce vehicle weight, contributing to better fuel economy or battery range in EVs. Also, eco-friendly fabrics and leathers materials like recycled fabrics or eco-friendly leather alternatives are increasing, appealing to environmentally conscious consumers. Such factors provide lucrative growth opportunities in the market during the forecast period.
Based on vehicle type, the global automotive seats market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, two-wheelers, and three-wheelers. In 2024, the passenger cars segment is estimated to account for the largest share of the global Automotive seats market. The large share of this segment is attributed to the increased production and sales of passenger cars; growing consumers preference for vehicles with advanced features like heated, ventilated, and power-adjustable seats; the rise of electric vehicles (EVs) and autonomous vehicles; and the expansion of shared mobility services, like ride-hailing and car-sharing.
The global demand for passenger cars has been on the rise, particularly in emerging markets like China, India, and Brazil. As more people purchase cars, the demand for automotive components, including seats, increases. Higher car sales directly contribute to the growth of the automotive seats market.
In 2024, Asia-Pacific is estimated to account for the largest share of the global automotive seats market. Asia-Pacific region, especially China, has become a global leader in the adoption and production of electric vehicles and internal combustion vehicles. Manufacturers across the region are emphasizing on lightweight and energy-efficient seats to maximize vehicle efficiency. This growing vehicle market is further fueling the demand for specialized automotive seats with modern features such as heating, cooling, and ergonomic designs.
Additionally, Asia-Pacific is also expected to grow at the highest CAGR during the forecast period.
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by market participants over the past three years. The key players profiled in the global automotive seats market report 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.).
Particulars |
Details |
Number of Pages |
250 |
Format |
|
Forecast Period |
2024–2031 |
Base Year |
2023 |
CAGR (Value) |
1.5% |
Market Size in 2024 (Value) |
USD 53.4 Billion |
Market Size in 2031 (Value) |
USD 58.9 Billion |
Segments Covered |
By Vehicle Type
By Seat Type
By Seat Technology
By Material
By Distribution Channel
|
Countries Covered |
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) |
Key Companies |
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 global Automotive Seats Market size was valued at $52.5 billion in 2023.
The market is projected to grow from $53.4 billion in 2024 to $58.9 billion by 2031.
The automotive seats market analysis indicates a significant growth to reach $58.9 billion by 2031, at a compound annual growth rate (CAGR) of 1.5% from 2024 to 2031.
The key companies operating in this market include 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.).
By region, Asia-Pacific holds the largest Automotive Seats Market Share in 2024. Additionally, the Asia-Pacific region is also expected to witness the fastest growth.
The primary drivers of automotive seats market growth include Increasing vehicle production and sales and increasing demand for electric vehicles (EVs).
Published Date: Sep-2024
Published Date: Aug-2024
Published Date: Jun-2024
Published Date: Jun-2024
Published Date: Feb-2024
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