Automotive Seats Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
A safety-critical system, an automotive seat provides comfort and
protects occupants in the event of a sudden brake or acceleration. It is
commonly built of foam, plastics, and metal constructions, and comes in a
variety of styles. A typical automobile seat, for example, is meant to support
the thighs, buttocks, and lower and upper back. A front driver and passenger
seat also have three primary components: a squab, a cushion, and a headrest. To
provide more comfort and safety to the rider, manufacturers are introducing new
features like as foldable mats, laptop stands, and airbags. The increased
global warming at high temperatures is making it much more difficult for
drivers and passengers to go by car. In the light of expanding climatic and
environmental issues, the automobile seat market is projected to embrace new
technology. For example, if a passenger car is left in the sun all day, the
passenger and driver will find it uncomfortable to sit in the car due to the
trapped heat. The increasing use of lightweight materials to reduce the weight
of vehicle seats is opening up new possibilities in the industry. During the
forecasted period, the automotive seat markets will be fueled by expanding SUV
demand and rising vehicle production.
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Over the years, a dramatic shift in preference for larger cars has
nearly doubled the share of SUVs. According to the International Energy Agency,
the number of SUVs on the road worldwide climbed by more than 35 million in
2021. SUVs account for over half of all automobiles sold in the United States
and one-third of all cars sold in Europe. India's SUV sales are now lower than
those in Western countries. OEMs, on the other hand, are releasing compact SUVs
in the mid-price category, which are enticing to purchasers. As a result, the
Indian market is gravitating toward tiny SUVs, which are less expensive than
full-size SUVs. SUVs come with a number of seating options. Full-size SUVs, for
example, typically include bucket seats in the first and second rows and a
60/40 split-bench/bucket in the third row. The front row seats in compact SUVs
are bucket seats, and the second-row seats are either bench or bucket
seats (may or may not be split). In terms of technology, full-size SUV seats
can be motorized, heated, and vented, and leather seats are also an option. As
the demand for SUVs grows around the world, so does the desire for motorized and
ventilated/heated seats.
According to UnivDatos Market Insights (UMI)’ research
report “Automotive Seats Market”, the market
is expected to witness a CAGR growth of around ~4% during the forecast period
2021-2027F. Global Automotive Seats Market is experiencing significant growth
due to the growing demand for luxurious vehicles in developing countries
along with rising adoption of the powered seat in mid-segment & SUVs.
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Based on material type, the market is segmented into Synthetic Leather, Genuine Leather, Fabric,
and Other Material. The Synthetic Leather segment generated revenue of USD XX
billion in 2020 and is expected to grow at a CAGR XX% during the forecasted
period. Synthetic leather is accounting for the largest market share of the
growing trend of the population going vegan. Also, synthetic leather cost much
cheaper than leather along with it also provides the benefits of waterproof and
easy cleaning
Based on technology,
the market is segmented into Standard
Seats, Powered Seats, Ventilated Seats, and Other Seats. The powered Seats
segment generated revenue of USD XX billion in 2020 and is expected to grow at
a CAGR XX% during the forecasted period. The rising adoption of powered seats
in mid-segment cars & SUVs is boosting the growth of powered seats. Also,
the added benefits such as one don’t have to apply any force or load to adjust
the seats in electronically adjustable seats, which is a boon, especially for
grannies and grandpas also boost the demand of the segment as it enhances the
customer's experience
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Based on vehicle type, the market is segmented into Passenger Cars and Commercial Vehicles. The
Passenger Cars segment generated revenue of USD XX billion in 2020 and is
expected to grow at a CAGR XX% during the forecasted period. The passenger car
sector is dominating the market share due to increased demand for automobiles
such as mid-range sedans, sedans, and luxury sedans. Also, the rising
production and sales of passenger cars are adding to the growth of the segment.
The demand for passenger cars from developing countries such as India, China,
etc. are the major contributors to this growth
Based on seat type, the market
is segmented into Bucket Seat and Bench Seat. The Bench Seat segment generated
revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during
the forecasted period. When it comes to seating for two people, the bench seat
has the biggest market share. As a result, it is chosen in various types of
vehicles, including passenger automobiles and commercial vehicles, propelling
the market's growth over the forecast period. Bucket seats are commonly used in
commercial and passenger cars as driver and co-driver seats. Bucket seats are
also available in the back of some high-end automobiles. Due to its
cost-effectiveness, the bench seat is the most prevalent style of seating in
the back seats of passenger automobiles and commercial vehicles. Because of its
low cost and durable design, the bench seat is predicted to have a considerable
market share
Asia Pacific to Grab Lion’s Share
Based on the estimation, during the
projection period of 2021-2027, Asia-Pacific is expected to be the
fastest-growing market during the forecast period. During the projection
period, the Asia-Pacific region led the market for automotive seats, with China
predicted to have a substantial share of the market due to the presence of
major automotive seating manufacturers in the region. The increased demand for
affordable vehicles in Asian countries such as China, Japan, South Korea, and
India can be related to shifts in consumer behavior caused by pandemics. China
is expected to be the fastest-growing market for automotive seats in this
region due to rising vehicle production and sales. The increasing demand for
hybrid and electric vehicles in emerging nations like China, India, and Japan
will further add to the growth of demand of the automotive seat market in the
region.
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According to UnivDatos Market Insights
(UMI)’, the key players with a considerable market share in the Global Automotive
Seats Market include Lear Corporation, Toyota Boshoku Corporation, Faurecia SE, Gentherm
Incorporated, Adient plc, Magna International Inc, Aisin Seiki Co., Ltd,
Tachi-S Co., Ltd, NHK Spring Co., Ltd. and TS Tech Co.,Ltd
·
In August 2020, Lear Corporation, a
global automotive technology leader in Seating and E-Systems, introduces its
newest solution in intelligent seating, INTU Thermal Comfort with ClimateSense
technology, developed in collaboration with Gentherm, a global market leader
and developer of innovative thermal management technologies. The system aims to
create an ideal personal climate through its intelligent software, using
ambient cabin conditions to provide optimized comfort
“Global Automotive Seats Market” provides comprehensive qualitative and
quantitative insights on the industry potential, key factors impacting sales
and purchase decisions, hotspots, and opportunities available for the market
players. Moreover, the report also encompasses the key strategic imperatives
for success for competitors along with strategic factorial indexing measuring
competitor's capabilities on different parameters. This will help companies in
the formulation of go to market strategies and identifying the blue ocean for
its offerings.
Market Segmentation:
1. By Material
Type (Synthetic Leather, Genuine Leather, Fabric and Other Material)
2. By Technology (Standard
Seats, Powered Seats, Ventilated Seats and Other Seats)
3. By Vehicle
Type (Passenger Vehicle and Commercial Vehicle)
4. By Seat
Type (Bucket Seat and Bench Seat)
5. By Region (North
America (United States, Canada, Rest of North America), Europe (Germany, France,
UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest
of APAC), and Rest of World)
6. By Company (Lear
Corporation, Toyota Boshoku Corporation, Faurecia SE, Gentherm Incorporated,
Adient plc, Magna International Inc, Aisin Seiki Co., Ltd, Tachi-S Co., Ltd,
NHK Spring Co., Ltd. and TS Tech Co.,Ltd)
Key questions answered in the study:
1.
What are the current and future trends
of the Global Automotive Seats industry?
2.
How the industry has been evolving in
terms of end-user demand and product category?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the Global Automotive Seats industry?
5. What
is the customer orientation, purchase behavior, and expectations from the Global
Automotive Seats suppliers across various countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 AUTOMOTIVE SEATS MARKET COVID-19 IMPACT
6 AUTOMOTIVE SEATS MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY MATERIAL TYPE
8 MARKET INSIGHTS BY TECHNOLOGY
9 MARKET INSIGHTS BY VEHICLE TYPE
10 MARKET INSIGHTS BY SEAT TYPE
11 MARKET INSIGHTS BY REGION
12 AUTOMOTIVE SEATS MARKET DYNAMICS
13 AUTOMOTIVE SEATS MARKET OPPORTUNITIES
14 AUTOMOTIVE SEATS MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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