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Passenger Car Seat Market Projected to reach $46.1 billion by 2030

Passenger Car Seat Market Projected to reach $46.1 billion

The passenger car seat market is estimated to grow from USD 42.5 billion in 2023 to USD 46.1 billion by 2030 at a CAGR of 1.1% over the forecast period.

The growth in the passenger car seat market is driven by increased vehicle sales worldwide, especially due to increased demand for full-size SUVs requiring seven seats. According to the MarketsandMarkets report, the need for full-sized SUVs will grow from USD 885.6 billion in 2022 to USD 1,221.7 billion in the year 2027 at a CAGR of 6.6%. An emerging economy like China was majorly driving global sales growth, where in 2020, passenger car sales in China reached over 26.9 million units, accounting for around 28% of global sales, according to the China Association of Automobile Manufacturers. Also, there is an increase in luxury car sales, driving the demand for heated and ventilated seats. The need for integrated safety features such as integrated airbags, reinforced seat structures, active headrests, and seatbelt pre-tensioners is growing due to increased stringency in safety regulations. Automotive seating also plays an essential role in maintaining the cabin's NVH, where they have acoustic insulation or specialized materials that minimize vibrations and reduce noise levels.

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Powered seats are the fastest-growing technology segment.

The powered seats will have the fastest growing CAGR, with 5.0% during the forecast period. Powered seats are usually installed in the front row of the vehicle. It is equipped with an electric motor that controls the movement and positioning of the seat with the help of a control switch like a small joystick or physical buttons mounted on the lower side of the seat, allowing the driver to adjust the seating position in several ways. The power seats offer seat height, seatback recline, lumbar support, and headrest position. Powered seats are part of the broader trend of integrating advanced features and technology into vehicles where consumers are willing to pay a premium for these added features. For instance 2020, the global median household disposable income was around USD 10,207, according to the World Bank, which increased the disposable income. Powered seats were previously available in high-end cars, but now they are also available in mid-segment vehicles. Technological advancements have led to the developing of more efficient and cost-effective power seat systems.

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Synthetic leather is expected to hold the largest market share in trim materials for passenger car seats by 2030.

The passenger car seats market trim materials are projected to grow at a CAGR of 2.6% over the forecast period. The main factor driving the growth of the synthetic leather segment is its low cost compared to genuine leather and its superior performance compared to fabric. This leather can be combined with smart features such as heating, cooling, and massage functions, which makes it ideal for implementing advanced functionalities and enhancing comfort and convenience for passengers, making synthetic leather upholstery an attractive choice for car manufacturers. This leather is also an ethical and animal-friendly alternative to genuine leather, as consumers are concerned about animal welfare, and many car buyers prefer materials that do not involve animal exploitation. According to MarketsandMarkets analysis, Asia Pacific is the fastest-growing region with a CAGR of 2.7%.

Asia Pacific is the fastest-growing market for side and curtain airbags for passenger car seats.

The demand for side and curtain airbags is high because of the increased demand for safety features in vehicles, the rising number of road accidents, and the growing number of government regulations mandating airbags in vehicles. According to MarketsandMarkets, the Asia Pacific side and curtain airbags market is projected to grow at a CAGR of 26.4% from 2023 to 2030. It is expected to account for 46.6% of the global market share by 2030. Few new regulations have been implemented in the Asia Pacific region for side and curtain airbags.

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Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Phone: 18886006441
Address: 630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

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