Press release
Global Automotive Seats Market To Be Driven By Comfort, Luxury And Trends Of Light Weight Automotive Seats In The Forecast Period Of 2023-2028
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028): -
Historical Market Size (2020): USD 52 Billion
Forecast CAGR (2023-2028): 3%
In the automotive industry, the consumer demand for comfort and luxury is expected to drive the market for automotive seats. A strong demand for heated seats is seen in cold regions such as North America and Europe. To warm the cushion, heated seats have a heating element inside them and thus provide comfortable seating during winters. Cars produced by General Motors are fitted with an option for auto heating, which adjusts the heating control to the temperature of the interior of the car. The demand for heated seats, which in turn is likely to propel the automotive seat market, is expected to increase sales of premium and luxury cars.
Industry Definition and Major Segments
Automotive seats are structures that provide the driver and occupants of a vehicle with seating. Automotive seats are of primary importance because they contribute to the comfort of the driver and thus affect driving. They are designed to help the angle of inclination to dissipate the impact energy in accordance with thorax, knee and head guidelines and thus mitigate the impact of a collision.
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On the basis of seat type, the market is divided into:
Bucket
Bench
Others
Based on material, the industry can be segmented into:
Aluminium
Steel
On the basis of trim material, the industry is categorised into:
Synthetic Leather
Genuine Leather
Fabric
Others
By technology, the industry is segregated into:
Standard
Powered
Heated
Heated-Powered
Heated-Ventilated
Heated-Memory
Heated-Ventilated-Memory
Others
On the basis of vehicle, the industry is divided into:
Passenger Car
Truck
Light Commercial Vehicle
Bus
Others
Based on region, the market is segmented into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
Burgeoning customer demand for vehicle safety and comfort is a vital factor driving improvements in automotive seat manufacturing. Luxurious, comfortable and reliable automotive seating systems are gaining market preference, which in turn encourages OEMs to look for automotive seats that can meet customer standards. With the introduction of corporate average fuel economy (CAFÉ) requirements around the world, demand for lightweight automotive seats is likely to increase, leading OEMs and car producers to continually concentrate on improving their products' fuel efficiency. In the field of automotive seats, key recent advances include heating and cooling ventilated seats that provide drivers with comfort in various climatic environments, pneumatically controlled power seats that can be modified in many ways with a simple touch of controls.
In addition, the rising demand for replacement seats in the aftermarket is a key factor in driving market development. In North America and Europe, the cost of producing automotive seats is high. Many car seat manufacturers in the United States are heavily impacted by tariffs on materials necessary for manufacturing a car seat. Britax, a common child car seat brand in the United States, for example, is considering moving to China due to tariffs of up to 25% on textiles and 15% on metals.
Key Market Players
The major players in the market are Adient plc., Lear Corporation., Toyota Boshoku Corporation, TS Tech Co.,Ltd., Faurecia Group among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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