The automotive seat market offers a number of advantages, including improved comfort, increased safety, added style, increased resale value, and decreased maintenance.
The market for automotive seats is being driven by the rising demand for luxury and comfort features. To improve comfort and convenience, automakers are introducing features like movable headrests, better lumbar support, and massage capabilities. In the upcoming years, this is anticipated to fuel demand for automobile seats. Another significant factor propelling the automotive seat market is the rising production of passenger cars. The demand for automotive seats is anticipated to increase in the near future due to the increasing demand for passenger vehicle around the world.
Car occupants benefit from improved comfort thanks to the design of automotive seats. They are ergonomically created to offer the body the proper support, which helps to lessen fatigue and back pain. In the event of a collision, auto seats can aid in preventing serious injuries to passengers. To lessen the impact of a collision, they are built with airbags and other safety features. To meet the unique needs of drivers and passengers, automotive seats come with a wide range of customization options. These features, which range from adjustable lumbar support to heated and cooled seats, can make a car ride more relaxing and comfortable. Owners of automobiles have a cost-effective choice in seats. Owners of cars can save money over time on repairs and fuel costs by making an investment in high-quality seats. Frequently, foam and fabric filters from recycled sources are used to make automotive seats. This lessens the automobile industry's negative environmental effects.
The automotive seat market is expected to grow at a 1.2% CAGR from USD 53.7 billion in 2023 to USD 58.4 billion by 2030.
The market for automotive seats is being propelled by the rise in demand for convenience, comfort, and safety features in cars. The automotive seat market is primarily driven by the expansion of the automotive sector, rising demand for luxury vehicles, and increased consumer interest in SUVs, crossovers, and pickup trucks. The market for automotive seats is anticipated to be driven by the expanding electrification and connected vehicle trends. The market for automotive seats is predicted to benefit greatly from the expanding shared mobility trend. There should be plenty of opportunities for the market as a result of the rising demand for luxury vehicles and lightweight materials. The market is primarily challenged by the availability of counterfeit parts, rising production costs brought on by technological advancements, and stringent government regulations governing emissions and safety.
Technology advancements in automotive seating systems, rising consumer demand for comfort and safety features, and rising luxury vehicle demand are the primary market drivers. A rise in vehicle production, consumer preference for luxury seating options, and escalating demand for better ergonomics in vehicle seating systems are additional contributing factors. The market is also anticipated to be driven by the increase in lightweight vehicle production and the rising demand for energy-efficient vehicles.
The high production costs, strict safety regulations, and accessibility of less expensive substitute materials are the main restraints on the automotive seat market. In addition, it is anticipated that the market for automotive seats will experience slow growth due to the rising demand for electric vehicles and the development of new technologies like 3D printing. Additionally, the availability of synthetic leather and other leather substitutes is likely to present a significant barrier to the market's expansion.
Faurecia SA, Adient plc, Toyota Boshoku Corporation, Magna International Inc., Lear Corporation, Johnson Controls International plc, Grupo Antolin, Recaro Holding GmbH & Co. KG, TS Tech Co. Ltd., and NHK Spring Co. Ltd. are the top key market participants in the automotive seat market.
The market for genuine leather seats is growing
Due to its superior quality, comfort, and opulent appearance, the genuine leather seat segment in the automotive seat market is anticipated to experience the highest growth. Comparatively speaking, genuine leather seats are of higher quality than fabric and faux leather seats. Genuine leather seats are preferred for luxury and premium vehicles due to their superior quality. Genuine leather is also perfect for car seats because of how strong and breathable it is. Thus, it is anticipated that rising demand for luxury and premium vehicles will fuel the development of the genuine leather seat market.
The largest market share belongs to the passenger vehicle segment
The market for automotive seats is growing as a result of the rising demand for comfort and luxury in passenger vehicles. Due to rising disposable incomes, changing lifestyles, and rising demand for luxury vehicles, this market is predicted to grow significantly. The growth of this market segment is anticipated to be supported even more by the rising investments in automotive research and development activities.
The Asia Pacific region is in charge
The Automotive Seat Market is dominated by the Asia Pacific region. According to a Grand View Research report, the Asia Pacific market held the largest market share in 2019 with 41.7%. Throughout the forecast period, this region is anticipated to keep holding the lead. This can be attributed to the fact that well-known automakers like Honda Motor Co., Ltd., Toyota Motor Corporation, and Hyundai Motor Company are present in the area. Additionally, the region's rising demand for passenger cars is anticipated to fuel market expansion.
Impact of Covid 19 on the Automotive Seat Market
The COVID-19 pandemic outbreak has had a significant impact on the world market for automotive seats. The disruption of the supply chain, manufacturing operations, and the drop in global demand have all had a significant impact on the automotive industry. As a result, the market for automotive seats has been severely impacted by a drop in demand, which has reduced both production and sales. The pandemic outbreak has also raised awareness of safety and hygiene, which has increased demand for car seats that meet hygiene standards. To protect the safety and wellbeing of their employees, businesses have also been compelled to adopt new technologies and procedures. Due to the global economic slowdown and the uncertainty of the future, the outbreak has also resulted in a decrease in investments in the automotive industry. Both the demand for and the production of automotive seats have decreased as a result of this. Additionally, the pandemic has increased the price of raw materials, which has reduced the profits for producers of automotive seats. In conclusion, the COVID-19 pandemic outbreak has had a significant negative impact on the automotive seat market. In order to ensure the safety of their employees and lower the cost of raw materials, businesses in the sector have been forced to adopt new technologies and practises. The outbreak has also reduced investments in the sector, which has decreased automotive seat production and sales.
Recent Trends in the Automotive Seat Industry
• Growing demand for ergonomic and lightweight seats: To lighten vehicles and increase passenger comfort, automakers are looking more and more for ergonomic and lightweight seats. This is causing automakers to produce automotive seats with more sophisticated materials and design techniques.
• Technological developments: To enhance the design and assembly of automobile seats, automakers are turning to technologies like 3D printing, robotics, and artificial intelligence. By doing this, they can produce seats that are less expensive to produce while also being more comfortable and effective.
Automotive Seat Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2030 |
Study Period | 2018-2030 |
Forecast Unit | Value (USD) |
Revenue forecast in 2030 | USD 58.4 billion |
Growth Rate | CAGR of 1.2% during 2020-2030 |
Segment Covered | Type, Application, Regions |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | Faurecia SA, Adient plc, Toyota Boshoku Corporation, Magna International Inc., Lear Corporation, Johnson Controls International plc, Grupo Antolin, Recaro Holding GmbH & Co. KG, TS Tech Co. Ltd., and NHK Spring Co. Ltd. |
Key Segment of Global Automotive Seat Market
By Type Overview (USD Billion)
• Fabric Seat
• Genuine Leather Seat
• Others
By Application Overview (USD Billion)
• Passenger Vehicle
• Commercial Vehicle
By Region Overview (USD Billion)
North America
• USA
• Canada
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of North America
Europe
• Germany
• France
• UK
• Rest of Europe
Middle East and Africa