Luxury Car Seats Market To Partake Significant Development During 2021-2031

Luxury Car Seats Market: Introduction

Luxury car seats are designed to provide solace and enhanced drive experience to vehicle occupants through in-built comfort and entertainment technologies

Automotive seating systems have witnessed a long evolution from the first car and have become a crucial part of vehicle comfort for drivers as well as passengers. Luxury cars have comfort as one of their unique selling features, and automakers are integrating the latest seating systems in their vehicle models to increase their competitive edge. This has significantly augmented the global luxury car seats market.

Key Drivers of Luxury Car Seats Market

The average person in Europe travels around 15,000 kms with his vehicle every year. 40% of motorists spend more than 90 minutes sitting in their car each day. Vehicle occupants sit for longer periods in their seats and hence, they frequently suffer from backache, stiff back, pains in the neck, fatigue, leg issues, and aching shoulders. Consequently, car makers, especially luxury car makers, are integrating their vehicles with seating systems that feature multiple comfort technologies. For instance, Seat Comfort Package in Mercedes E-Class saloon car features 4-way lumbar support, electric seat inclination adjustment, electric backrest adjustment, and several other such features. Thus, the on-going trend of providing ergonomic seating systems for luxury car owners is propelling the global luxury car seats market.

The purchasing power of consumers worldwide is increasing. For instance, the disposable income of the population of China increased by 3.8%; of the population in Canada increased by 11%; and of the population of the U.S. increased by 10%, in 2020. This increase in disposable income of people worldwide has boosted the demand for comfortable and luxurious vehicles. Italy-based luxury car maker Lamborghini said the company witnessed a 100% increase in sales. This rise in sale of luxury vehicles is driving the global luxury car seats market.

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Challenges in Luxury Car Seats Market

The seating systems integrated in luxury cars are expensive and are complicated to maintain, which in turn impacts the vehicle price. Thus, these advanced seating systems are limited to luxury cars only, which have a limited customer base. Hence, the cost barrier is hindering the global luxury car seats market.
Impact of COVID-19 Pandemic on Global Luxury Car Seats Market

The COVID-19 pandemic had led to the shutdown of companies, which negatively impacted the manufacturing activities across the globe. Moreover, a severe shortage of electronic chips has further hampered the production of luxury cars across the globe and consequently, restrained the luxury car seats market.

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Opportunities in Luxury Car Seats Market

Automakers are developing next-generation autonomous vehicles that are integrated with advanced seating systems focusing on comfort, safety, and experience. These seats feature technologies such as occupant monitoring, rapid anthropometric adjustment, and many such others, which are likely to offer significant opportunities for players engaged in the global luxury car seats market.

North America and Europe to hold significant share of global luxury car seats market

North America and Europe accounted for a significant share of the global luxury car seats market in 2020. High income levels of the population, which is driving the sale of luxury vehicles, coupled with high awareness about safety and comfort among customers in these regions are major factors fueling the luxury car seats market in North America and Europe.

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