ID: MRFR/AM/4049-HCR | February 2021 | Region: Global | 100 pages
In 2018, the global automotive seat market value is registered as USD 68.750 billion and is expected to grow at a significant rate of 5.11% CAGR with the market size of USD 101.27 billion during the forecast period (2021-2028).
An Automotive seat is the latest model designed for providing more comfort to both the passenger and driver. But these seats are very expensive due to the usage of high durability materials in manufacturing. The common material used in the production of vehicle seats is polyester. To provide access to the controls and comfort to the driver, the driver seat is provided as an integral part of the vehicle.
Several types of seats are available which can fit in the vehicles. Few types are bench seat, bucket seat, and folding seat. A bucket seat is an individual seat designed to accommodate only one person. A bench seat is a flat platform designed to accommodate more than two persons. It is preferable in the vehicles like cars that required more people to accommodate. To provide comfort to the ride, various technologies used in the seat are powered, heated, powered & heated, and standard. The main focus of the automotive OEMs is developing lightweight seats and to improve fuel efficiency.
Due to the COVID-19 outbreak, the automotive seat market is negatively impacted. Worldwide, most of the business sector’s profits are declined. To curb the spread of the coronavirus, most of the governments imposed lockdowns in their countries. Due to the continuous lockdowns, manufacturing industries are shut down that hits the production and sale of the vehicles which reduces the demand for the automotive seat. The decline in vehicle production is impacted the automotive seat market directly.
Moreover, due to the pandemic situation, the OEMs are reducing their financial investments in R& D activities regarding the automotive seats. In pre-COVID-19, in 2025, the global market is registered as USD 73.0billion and it is declined to USD 64.3 million in 2020. In 2019, China started reopening 29% of the passenger cars production. Further, post-COVID-19, 90% of the automotive parts suppliers have restarted their production. Rapidly, the demand for the automotive seat market increases.
The prominent key players in the automotive seat market outlook are the following:
The increasing demand for hybrid and electric vehicles in emerging nations leads to the demand for automotive seats in the vehicles and hence propels the market growth. Rising growth in the automotive industry, growing development in the technology, automotive manufacturers focusing on lightweight seats, increasing comfort to the rider, and more are the growth factors accelerating the market growth. An increase in vehicle production is also boosting the global market.
Automotive manufacturers are researching more to innovate their products. The major focus of the manufacturers is on smart seats for smart cars that enhance the comfort provided by the seat. The advanced innovations manufactured in the vehicle seats are boosting the growth of the market. In emerging nations, automotive manufacturers are focusing on the development of lightweight interior parts and to improve fuel efficiency are escalating the market growth.
The manufacturing of these automotive seats is very expensive which is restraining the automotive seat market. Nearly 5% of the total cost incurred in the vehicle is for seats. These are the few types of are modular seats like powered, heated, massage, ventilated, and climate-controlled seats that provide better comfort and convenience compared to conventional seats. These are used in high-end cars due to their high cost.
Rising the use of bench seats in all types of vehicles including passenger cars and commercial vehicles. Growing focus on the development of advanced driver assistance technologies to develop in a way that fully automated driving experience which is the opportunity to augment the growth of the market. According to the survey of the Victoria Transport Policy Institute (VTPI), more than 70% of fully autonomous cars are used for ride-sharing, and the remaining 30% are likely to be privately owned.
Growing customer preference for luxurious and comfortable features are increasing the extra pressure on automotive OEMs to reduce the production cost. Limited choice of materials, cost, complex manufacturing process, and production of cost-effective seats of high-quality are the challenging factors of the market.
The global automotive seat market has been divided into segments based on type, material, technology, vehicle type, and region.
Based on Type
The global market based on the type is classified into bench, bucket, folding, and others. Among them, the bench seat market is accounting for the largest market share for accommodating the two persons. Hence it is preferred in all types of vehicles like passenger cars and commercial vehicles which propels the growth of the market during the forecast period.
Based on Material
The global market based on the material is bifurcated into genuine leather, synthetic leather, and fabric. Synthetic leather is accounting the largest market share for the growing trend of the population going vegan.
Based on Technology
By technology, the global market is categorized into four types such as power, heated, powered & heated, and standard. Out of these regions, the powered & heated segment is dominating the largest market share for providing both power capability and temperature control capability. The heated seats are preferable in high-end cars which boosts the growth of the market during the assessment period.
Based on Vehicle Type
By vehicle type, the market is analyzed into two types like passenger cars and commercial vehicles. Due to the rising demands for vehicles like mid-range sedans, sedans, and luxury sedans, the passenger car segment is dominating the market share.
Based on Region
Region-wise, the global market is divided into four main geographies like Europe, North America, Asia-Pacific, and the Rest of the world. Among them, Asia-Pacific is dominating the largest market share due to the increasing demand for hybrid and electric vehicles in emerging nations like China, India, and Japan.
Geographically, the automotive seat market is analyzed into four major regions like Asia-Pacific, Europe, North America, and the Rest of the World. Out of these regions, Asia-Pacific is dominating the highest market share for the increasing demand for hybrid and electric vehicles in emerging nations like India, Japan, and China. This region accounting the highest production of passenger and commercial vehicles which increases the demand for the installation of seats with the latest technology which is the major driving factor in this region.
Due to the growing demand for high-end cars, Europe is predicted to be the second-largest market. These high-end cars need to install the latest technology that leads to an increase in the seats in the vehicles.
This global market of automotive seat research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the market drivers, restraints, challenges, and opportunities. The automotive seat global market forecast segments are type, material, technology, vehicle type, and region.
The automotive seat market trends have been segmented globally based on the type, material, technology, vehicle type, and region.
Bench, bucket, folding, and others.
Genuine leather, synthetic leather, and fabric.
Power, heated, powered & heated, and standard.
By Vehicle Type
Passenger cars and commercial vehicles.
Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the automotive seat market.
|Market Size||2030 : Significant Value|
|CAGR||Substantial CAGR (2020-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Technology, Material, Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Johnson Controls (U.S.), Lear Corporation (U.S.), Faurecia (France), Toyota Boshoku Corporation (Japan), TS Tech Co. Ltd (Japan), IFB Automotive (India), Magna International Inc. (Canada), DURA Automotive Systems (U.S.), Aktis Engineering Solutions (India), Fisher and Company (Austria), Tata Autocomp Systems Limited (India), Marter Automotive Seating Systems (Turkey), Grammer Seating Systems (Germany), TM Automotive Seating Systems Private Limited (India), and RECARO Automotive (Germany)|
|Key Market Opportunities||Increased use of bench seat in all types of vehicles, including passenger cars and commercial vehicles|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Asia Pacific has witnessed the highest production the market which has risen the market valuation.
Lear Corporation (U.S.), Faurecia (France), Johnson Controls (U.S.), TS Tech Co. Ltd (Japan), IFB Automotive (India), Toyota Boshoku Corporation (Japan) are the key market players of the market.
North America, Asia Pacific, Europe are the regions grossing with the highest market revenue in the present.
The type, material, technology, and vehicle type are the segments of the market.
The development in the technology, manufacturers focusing on lightweight seats, growth in the automotive industry, and swelling comfort to the rider are the growth factors of the market.