The automotive seats market size is estimated to expand at a CAGR of 5.27% during the forecast period, 2021–2028. Growth of the market is attributed to expanding SUV demand and rising vehicle production.
Automotive seats are components of vehicles that are meant to accommodate and offer comfortable seating for the driver or occupants while riding. To give the necessary comfort, they are developed in accordance with industry standards so that passengers within will be subjected to the least amount of impact in the event of a collision.
These seating systems are available in a variety of configurations, ranging from simple to complicated, to meet the demands of both manufacturers and users. While classic and traditional designs have long been suggested in the business, luxury alterations have recently been added into seating systems to provide consumers with a better experience due to the increased need for comfort and style.
The covid-19 pandemic affected the demand and supply of the automotive seats market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing vehicle production is expected to fuel the market in the coming years.
- Rising demand for climate-controlled seat technology and an increasing demand for lightweight seat frames is major factor propelling the market.
- The high cost of modular and advanced seats in comparison to traditional seats is anticipated to restrict the market growth.
- Increasing use of lightweight materials to reduce the weight of vehicle seats is estimated to offer lucrative opportunities for the market players.
Scope of the Report
The report on the automotive seats market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Seats Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Material Type (Synthetic, Genuine Leather, Fabric, and Others), Technology (Standard Seats, Powered Seats, Ventilated Seats sand Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Magna International, Faurecia, Lear Corporation, Adient, and Toyota Boshoku.
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Market Segment Insights
The synthetic leather segment is expected to grow at a rapid pace
In terms of material type, the automotive seats market is segregated into synthetic, genuine leather, fabric, and others. The synthetic leather segment is expected to hold a key share of the market during the forecast period. Synthetic leather is a replacement for leather in applications such as upholstery, clothing, footwear, and other areas where a leather-like finish is required but the genuine material is too expensive or inappropriate. With the growing trend of people turning vegan and more awareness of animal cruelty in the leather business, automobile parts manufacturers have begun to use various synthetic leathers instead of genuine leathers.
The powered segment is expected to grow at a rapid pace
Based on technology, the market is divided into standard seats, powered seats, ventilated seats, and others. The powered seats segment is expected to represent a key share of the market during the forecast period. Previously, powered seats were only seen in high-end automobiles. On the other hand, the standard seat segment is rapidly becoming popularized and currently found in the majority of mid-range SUVs. The powered seat segment is expected to be driven by expansion in the mid-range vehicle sector, particularly in developing nations such as China, India, and Indonesia, as well as rise in luxury vehicle production internationally.
Asia-Pacific is expected to dominate the market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market during the forecast period. Presence of major market players in the region is anticipated to drive the market. Increased demand for inexpensive automobiles in Asia Pacific nations such as China, Japan, South Korea, and India can be ascribed to change in consumer behavior owing to pandemics. Due to the extreme growing demand for mid- and high-end SUVs, demand for powered and heated seats is likely to increase in this region.
Segments
Segments Covered in the Report
The automotive seats market has been segmented on the basis of
Material Type
- Synthetic
- Genuine Leather
- Fabric
- Others
Technology
- Standard Seats
- Powered Seats
- Ventilated Seats
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Magna International
- Faurecia
- Lear Corporation
- Adient
- Toyota Boshoku
Competitive Landscape
Key players competing in the automotive seats market include Magna International, Faurecia, Lear Corporation, Adient, and Toyota Boshoku. Leading firms are joining together to study and create unique and original automobile seating solutions as the automotive seat industry becomes more focused on innovation. For instance.
Lear Corporation has established a research and development agreement with Gentherm Inc. for thermal seating solutions. For Lear's Intu seating systems, the businesses is estimated to work on building a modular and integrated heating and cooling system.
With an investment of over USD 14 million, Faurecia has announced the creation of a research and development center dedicated to automobile seats. The unit is anticipated to focus on the manufacturing of sophisticated electromechanical parts for seating systems such as backrest adjusters and electric backrests.
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