PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339937
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339937
According to Stratistics MRC, the Global Automotive Seats Market is accounted for $53.74 billion in 2023 and is expected to reach $66.98 billion by 2030 growing at a CAGR of 3.2% during the forecast period. Automotive seat is an important part of a vehicle as it provides comfort to the person who is driving. As they include numerous interior components and different types of fabric materials, these seats can provide a fashionable appearance. The fact that automotive seats are made to support the thighs, buttocks, lower and upper back, and head support makes them one of the most important automotive parts. They are often built of steel, aluminum, or a combination of both.
According to Automotive World magazine observations, the fabrics required to upholster a standard car's interior, including the seat coverings, weigh roughly 30 kg (651 lbs).
Power seats are frequently seen as a luxury feature and can increase the allure of a mid-segment vehicle. This feature has a greater reach with a wider spectrum of clients as technology develops and becomes more cost-effective. They make it simpler for both the driver to select the ideal driving posture and for the passengers to settle into a comfortable position throughout the journey. Additionally, powered seats can make it simpler for individuals with impairments or restricted mobility to enter and exit a vehicle, which is another reason why car-sharing firms are starting to favour them more and more. These factors are accelerating market expansion.
The cost of modular seats is increased by the necessity for the assembly of their multiple components. Modern materials are frequently employed to make these modular chairs, and the production process is expensive. OEMs are challenged by the high price of modular automobile seats because they must balance this price with the advantages of these seats, such as enhanced flexibility, personalization, and weight savings. The high cost of modular seats is impeding the market expansion.
The growing global warming at high temperatures makes driving and riding an automobile more difficult. The automobile seat industry is anticipated to adapt new technology because of the escalating environmental and climatic issues. Climate-controlled seating technology for automotive seats has been developed as a consequence of technical improvements, enabling users to quickly chill them. These seats include perforated inserts with built-in chillers and vents. Hence, the rising demand for these climate controlled seats is fuelling the market growth.
Fabric seats rapidly become dirty because they readily absorb mud and grime. This indicates that consumers should clean them more frequently. Commonly they get stinky - when it comes to fabric seats, strong scents are hard to eliminate. While the majority of spills and mishaps may be cleaned up, certain liquids harm surfaces permanently and cannot be removed. Stains will always exist. Since cloth seats are permeable and collect scents, certain odours might become permanent and lower the resale value of the item. This factor is hampering the market growth.
The COVID-19 pandemic restricted the growth of the automotive seat business because of continual lockdowns and travel restrictions throughout the world to combat the virus. Additionally, the supply chain of the market was impacted by the closure of manufacturing operations. However, since the outbreak, things have gotten better as a result of increased vehicle sales.
The synthetic leather segment is estimated to have a lucrative growth. For the seats, synthetic leather offers very good abrasion and tear resistance. They provide soothing touch, good haptics, and stretchability and are simple to cut and sew. The automotive parts manufacturers have begun using various synthetic leathers instead of actual ones, due to the rising trend of the population around the world going vegan and the growth in awareness among them about the animal cruelty done in the leather industry. These factors are driving the segment demand.
The powered seats segment is anticipated to witness the fastest CAGR growth during the forecast period. A power seat in an automobile is a seat that can be moved with the use of a button, switch, joystick, and a number of tiny electric motors. Although virtually all premium automobiles also include power controls for the front passenger seat, the majority of vehicles with this feature only have controls for the driver's seat. With a motorized driver seat, the driver may push buttons to change the seat's height, degree of recline, fore and aft position, and even lumbar support. A power-adjustable seat gives the driver the same flexibility to access the controls and establish a comfortable driving position as a manually adjusted seat does. These several elements are promoting the segment's expansion.
Asia Pacific is projected to hold the largest market share during the forecast period. To benefit from the affordable labor, makers of automotive seats are rapidly establishing bases in developing nations like China and India. The increased need for inexpensive cars in Asian nations like China, Japan, South Korea, and India might be ascribed to alterations in consumer behaviour brought on by pandemics because the region is home to top automotive seat manufacturers. Due to rising consumer demand for technologically sophisticated amenities, motorized and heated chairs are projected to become more popular in this region.
North America is projected to have the highest CAGR over the forecast period, owing to its constant technological advancements. Because of its large capacity for producing commercial and passenger cars, demand for installing seats with cutting-edge technology is flourishing. Hybrid and electric automobiles are greatly increasing in popularity in this region. Increasing vehicle production and new trends in automotive seating systems, along with government funds for R&D, will help economies grow even more in the region.
Some of the key players profiled in the Automotive Seats Market include: Toyota Boshoku Corporation, Grupo Antolin, Adient PLC, TS Tec Corporation Ltd, Lear Corporation, Recaro Holding, Faurecia SE, Aisin Corporation, NHK SPRING Co. Ltd, Fisher and Company, Magna International Inc., TM Automotive Seating Systems Private Limited, Johnson Controls, Tata Autocomp Systems Limited, Marter Automotive Seating Systems, Grammar Seating Systems, Guelph Manufacturing Group, Uno Minda Limited, Tachi-S Co. Limited and Futuris Group.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.