Press release
SUV Popularity Fuels Growth In Motor Vehicle Seating And Interior Trim Market Driver: A Major Catalyst in the Evolution of the Motor Vehicle Seating and Interior Trim Market in 2025
How Is the Motor Vehicle Seating and Interior Trim Market Projected to Grow, and What Is Its Market Size?The market for motor vehicle seating and interior trim has seen brisk expansion in the recent past. There is an expected growth from $233.38 billion in 2024 to $257.12 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. The surge observed during the historical period can be ascribed to the burgeoning automobile industry, widespread production and standardization, demand from consumers for comfort, and safety regulations.
The market size for motor vehicle seating and interior trim is predicted to witness significant expansion in the forthcoming years, reaching a value of $368.35 billion by 2029, due to a compound annual growth rate (CAGR) of 9.4%. The predicted upswing in the forecast period is due to factors such as the advent of electric and autonomous vehicles, advances in connectivity and infotainment, commitment to sustainability and eco-friendliness, improvement in user experience and comfort, and a rise in personalization and customization. The forecast period is anticipated to experience big trends such as lightweight materials, smart and adaptive interiors, the use of sustainable materials, increased advanced infotainment and connectivity, enhanced seating designs.
What Are the Key Drivers Behind the Growth of the Motor Vehicle Seating and Interior Trim Market?
The rising popularity of sport utility vehicle (SUV) cars is spurring growth in both the motor vehicle seat and the interior trim markets. This preference for SUV cars can be attributed to their luxurious seating and high-end interior trim. The escalating demand for SUVs and other deluxe vehicles has led to an increased requirement for superior and visually pleasing vehicle seating and interior trims. For example, The Financial Express, a business newspaper based in India, reported in October 2024 that the automotive industry witnessed a surge in retail sales with around 36 lakh units sold in FY2023, marking a 23% rise from FY2022. This significant increase was primarily due to strong demand for SUVs. Therefore, the worldwide mounting demand for SUVs continues to bolster the growth of both the vehicle seating and interior trim markets.
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Who Are the Major Industry Players Fueling Motor Vehicle Seating and Interior Trim Market Expansion?
Major companies operating in the motor vehicle seating and interior trim market include ContiTech AG, Magna International Inc., Hyundai Mobis Co. Ltd., Faurecia S.A., Tata Group, Toyoda Gosei Co. Ltd., Adient plc (formerly Johnson Controls International plc), Constellium SE, Aunde Group SE, International Textile Group Inc., Lear Corporation, Sage Automotive Interiors Inc., Delphi Technologies LLC, International Automotive Components Group North America LLC, Katzkin Leather Inc., Hyosung Corporation, Woodbridge Holdings Inc., Futuris Automotive Inc., Air Cruisers Company LLC, Technotrim Inc., Transportation Technologies Industries Inc., Yanfeng US Automotive Interior Systems I LLC, Nishikawa Rubber Co. Ltd., Dura Automotive Systems LLC, SaarGummi Group GmbH, Qinghe Huifeng Auto Fittings Co. Ltd., Wuhan Mingfeng Automotive Parts Co. Ltd., GST AutoLeather =Inc.
Which Key Developments Are Influencing the Motor Vehicle Seating and Interior Trim Market?
Leading businesses in the motor vehicle seating and interior trim sector are introducing novel advancements like SlideTech Technology to elevate the comfort, support, and entire driving experience. SlideTech Technology is a specific innovation in car seating systems that allows seats to effortlessly move forwards and backwards. For instance, in May 2023, Maxi Cosi, a company based in the United States specializing in car seats, unveiled the 360 Pro Family. This is a range of car seats equipped with the SlideTech technology feature that allows the seat to both rotate and slide towards the parent, simplifying the process of getting a child in or out of the car. The only car seat base designed in a way that it can slide out of the vehicle makes installing a child easier. An ergonomic and comfortable car seat solution that can rotate and slide towards the parent characterizes this solution.
How Is the Segmentation of the Motor Vehicle Seating and Interior Trim Market Defined?
The motor vehicle seating and interior trim market covered in this report is segmented -
1) By Type: Motor Vehicle Seating, Motor Vehicle Interior Trim
2) By Trim Material: Genuine Leather, Synthetic Leather, Fabrics, Polyurethane Foam
3) By Vehicle: Passenger Vehicle, Commercial Vehicle
Subsegments:
1) By Motor Vehicle Seating: Front Seats, Rear Seats, Specialty Seats (Child Seats, Captain Chairs)
2) By Motor Vehicle Interior Trim: Dashboard Trim, Door Panel Trim, Floor Carpets, Headliners, Seat Covers, Upholstery Materials (Leather, Fabric), Interior Panels (Armrests, Console Trims)
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What Is the Leading Region in the Motor Vehicle Seating and Interior Trim Market?
Asia-Pacific was the largest region in the motor vehicle seating and interior trim market in 2023. Western Europe was the second largest region in the motor vehicle seating and interior trim market. The regions covered in the motor vehicle seating and interior trim market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Motor Vehicle Seating and Interior Trim Global Market Report?
- Market Size Analysis: Analyze the Motor Vehicle Seating and Interior Trim Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Motor Vehicle Seating and Interior Trim Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Motor Vehicle Seating and Interior Trim Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Motor Vehicle Seating and Interior Trim Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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