Automotive Seat Market Growth Drivers and Forecast by 2030
Historic Data: 2020-2021 | Base Year: 2022 | Forecast Period: 2022-2030Automotive Seat Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Heated, Heated-Ventilated, Ventilated, With Massage Functions, and Others), Adjustment Type (Electrically Adjusted and Manual), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), and Seat Type (Front Row, Second Row, and Third Row) and Geography
- Report Date : Aug 2023
- Report Code : TIPTE100001283
- Category : Automotive and Transportation
- Status : Published
- Available Report Formats :
- No. of Pages : 252
AI overview of Automotive Seat Market
The Automotive Seat Market is poised for significant growth, projected to expand from a market size of US$ 60,289.63 million in 2022 to US$ 83,792.86 million by 2030, reflecting a robust CAGR of 4.2% during this period. This growth is driven by the increasing adoption of powered seats, particularly in SUVs and MPVs, which enhances comfort and convenience for consumers. Additionally, a notable trend is the penetration of heated and ventilated seat technology into lower segment cars, making advanced features more accessible. As the demand for electric vehicles rises, the Automotive Seat Market is expected to see further opportunities for innovation and expansion, solidifying its position in the automotive industry.
The automotive seats market size is projected to grow from US$ 60,289.63 million in 2022 to US$ 83,792.86 million by 2030; it is estimated to register a CAGR of 4.2% from 2023 to 2030. The growing consumer inclination towards procuring premium cars is likely to remain a key trend in the market.
Automotive Seat Market Analysis
The growing consumer preference for premium car features that include comfortable car seats is acting as a major driver for the market globally. Seat manufacturers such as TS Tech Co Ltd, Lear Corp, Adient Plc, NHK Spring Co Ltd, Summit Auto Body Industry Co Ltd, Magna International Inc, Bharat Seats Ltd, Forvia (Faurecia SE), RECARO Aircraft Seating GmbH & Co KG, Toyota Boshoku Corp, and Tachi-S Engineering USA are the key players in the automotive seat market.
Automotive Seat Market Overview
The major stakeholders in the automotive seat market ecosystem include raw material and component providers, seat manufacturers and end users. Raw material and component providers play a vital role in the automotive seat market. They supply the necessary raw materials such as steel, aluminum, copper, foam, and other materials to seat manufacturers. Also, they supply various components necessary for the production of automotive seats. The quality and cost of raw materials and components can highly impact the overall market. Raw material providers need to maintain stable supply chains to meet the demand from seat manufacturers.
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Automotive Seat Market: Strategic Insights
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Automotive Seat Market: Strategic Insights
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Automotive Seat Market Drivers and Opportunities
Increasing Implementation of Powered Seats in SUVs and MPVs to Favor Market
Market players are displaying vehicles with numerous features to cater to the extended demand from consumers for MPVs. And SUVs. Multi-purpose vehicles AND Sports utility vehicles are broadly obtained by customers who frequently travel long distances. These vehicles have obtained enormous demand owing to features such as comfortable seats, accommodation, and luggage space. The high-end seating position in these vehicles lets the driver get a greater view of the road with excellent visibility, which assists in better judgments while driving. Seats in these vehicles improve the driver and passengers’ comfort for longer tours, drastically shifting the consumer's preference toward SUVs and MPVs. The growing implementation of advanced power seats in SUVs and MPVs is projected as a major driver for the market.
Rising Demand for Electric Vehicles
The growing environmental pollution due to fossil fuels is one of the major concerns for the government. To reduce the level of environmental pollution, various governments are emphasizing consumers adopting cleaner, sustainable, and environment-friendly alternatives in daily life by giving special rebates on sales, incentives, lucrative offers, and tax benefits. China, Japan, the European Union, India, Canada, and South Korea are some of the major geographies where governments are actively working towards boosting the adoption of passenger electric vehicles, which is anticipated to drive the development of the automotive seat market over the forecast period.
Automotive Seat Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive seat market analysis are technology, adjustment type, vehicle type, and seat type.
- Based on the technology, the Automotive Seat Market is divided into heated, heated-ventilated, ventilated, with massage functions, and others. The heated segment held a larger market share in 2022.
- Based on the adjustment type, the automotive seat market is divided into electrically adjusted and manual. The electrically adjusted segment held a larger market share in 2022.
- Based on the vehicle type, the automotive seat market is divided into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment held a larger market share in 2022.
- Based on the seat type, the automotive seat market is divided into front row, second row, and third row. The front row segment held a larger market share in 2022.
Automotive Seat Market Share Analysis by Geography
The geographic scope of the automotive seat market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The scope of the automotive seat market report encompasses North America (the US, Canada, and Mexico), Europe (Russia, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, India, Australia, Japan, China, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Argentina, Brazil, and the Rest of South & Central America). In terms of revenue, Asia Pacific dominated the automotive seat market share in 2022. North America is the second-largest contributor to the global automotive seat market, followed by Europe.
Automotive Seat Market Regional Insights
The regional trends and factors influencing the Automotive Seat Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Automotive Seat Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Automotive Seat Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 60,289.63 Million |
| Market Size by 2030 | US$ 83,792.86 Million |
| Global CAGR (2022-2030) | 4.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Automotive Seat Market Players Density: Understanding Its Impact on Business Dynamics
The Automotive Seat Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
- Get the Automotive Seat Market top key players overview
Automotive Seat Market News and Recent Developments
The Automotive Seat Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automotive Seat Market are listed below:
- Faurecia's reinvestment in automotive seating, the new method of designing seats, dramatically decreases the number of parts used in a typical seat from about 120 parts to 10 modules that may be put together in a wide range of combinations close to the automobile maker. (Source: Faurecia SE, Press Release, June 2023)
- Adient's partnership with EnerTech Capital offers Adient noteworthy opportunities to benefit from insights into trends in mobility and gives the company customized access to high-tech companies engrossed in automotive technologies that can help enhance its products and operations. (Source Adient Plc, Press Release, October 2022)
Automotive Seat Market Report Coverage and Deliverables
The “Automotive Seat Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Automotive seat market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive seat market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Automotive seat market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive seat market
- Detailed company profiles
Frequently Asked Questions
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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