Global Automotive Seats Market Size, Growth Drivers, Regional Outlook And Forecast 2020-2027

The global size of the automotive seats market is expected to rise from USD 52 billion in 2020 to USD 60 billion by 2025, at a CAGR of 3%. The automotive demand and the growing trend of high-value seating with embedded smart technology for advanced vehicle comfort and safety are the key drivers of growth for this sector.

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The development of the market for automobile seats is motivated by an increase in luxury car purchases in developed countries, an increase in the demand for climate-controlled seat technologies and an increase in the need for lightweight seat frames. In addition, factors such as the rise in sales of passenger vehicles due to the improved lifestyle of middle-class families coupled with an increase in disposable income and an increase in demand for features allowed advance seats to boost the growth of the market for automotive seats market.

The global automotive seats market was led by the Asia Pacific in 2018, with China accounting for the bulk of the market, which is projected to continue over the forecast period. During the forecast period, Asia Pacific is also projected to rise at the highest CAGR level.

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The Asia Pacific market for automotive seats is driven by the rising demand for automobiles in countries such as China, India and Japan in the Asia Pacific region.

Passenger car purchases have been rising across the globe. The production of global passenger cars accounted for 95,634,593 units in 2018. In the passenger car market, China has the biggest share, led by the United States, Japan, Germany, South Korea, and India.

Global vehicle demand is projected to rise at a CAGR of 3.3 percent from 2020 to2025, given these factors. This rise in the production of automobiles would lead to a directly proportional increase in seat demand.

With the aim of designing and introducing a truly autonomous driving experience, the automobile industry is increasing its focus on the advancement of innovative driver assistance technologies. Consumer expectations for mobility-on-demand technologies, such as vehicle sharing and ride sharing, have also risen.

Key Market Players

Adient
Lear Corporation
Faurecia
Toyota Boshoku
Magna International

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