Market Size of Automotive Seats Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.27 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Automotive Seat Market Analysis
Currently, The Automotive Seat Market was valued at USD 80.25 billion, and it is expected to reach 109.2 billion growing at a CAGR of 5.27% in the upcoming five years.
The COVID-19 pandemic hindered the growth of the automotive seat market as there were continuous lockdowns and travel restrictions across the world to contain the virus. In addition, the market's supply chain got affected as manufacturing units were shut down. However, post-pandemic, the situation has gotten better with increasing sales of motor vehicles.
Over the long term, new opportunities in the automotive seat market are being created by the increasing use of lightweight materials to reduce seat weight. During the forecast period, the automotive seat markets will be fueled by rising SUV demand and rising vehicle production. The market is also being driven by rising demand for climate-controlled seat technology and lightweight seat frames.
Furthermore, the high costs of modular and advanced seats in comparison to traditional seats may stifle the growth of the automotive seat market. However, the increasing use of lightweight materials to reduce the weight of automotive seats is opening up new opportunities in the automotive seat market. Rising SUV demand and rising vehicle production will drive the automotive seat markets during the forecast period. Moreover, the companies are also using leather seats for the customers choosing leather seats for their comfort.
The Asia-Pacific region is expected to exhibit a better growth rate during the forecast period, as manufacturers are actively setting up bases in emerging markets such as India and China to take advantage of the low labor costs. This trend may change the dynamics of the industry in the long run, and seat manufacturers may have to start setting up facilities in these emerging markets to stay competitive.
Automotive Seat Industry Segmentation
The purpose of an automotive seat is to provide comfort to the driver. Moving cars can transmit vibrations close to the human spine's resonant frequency of 3 Hz, so the cushioning agent is especially important. To accommodate different body types, the base can usually be moved forward and back on metal railings, as well as up and down. This movement is accomplished through the use of either manual latches or electric levers.
The Automotive Seat Market is segmented By Material Type (Synthetic Leather, Genuine Leather, and Fabric), Technology (Standard Seats, Powered Seats, Ventilated Seats, and Other Seats), Sales (OEM and Aftermarket), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the market size in value (USD Billion) and forecasts for all the above segments.
Material Type | |
Synthetic Leather | |
Genuine Leather | |
Fabric |
Technology | |
Standard Seats | |
Powered Seats | |
Ventilated Seats | |
Other Seats |
By Sales | |
OEM | |
Aftermarket |
Geography | |||||||
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Automotive Seats Market Size Summary
The automotive seat market is poised for significant growth over the next five years, driven by increasing vehicle production and a rising demand for SUVs. The market is recovering from the setbacks caused by the COVID-19 pandemic, which had disrupted supply chains and manufacturing processes. The adoption of lightweight materials and the integration of advanced technologies, such as climate-controlled seating, are creating new opportunities for market expansion. However, the high costs associated with modular and advanced seating solutions compared to traditional options may pose challenges to market growth. The Asia-Pacific region, particularly China and India, is expected to lead the market due to the presence of major automotive seating manufacturers and the growing demand for affordable vehicles.
In the Asia-Pacific region, the automotive seat market is experiencing robust growth, with China anticipated to be a key player due to its status as a global automotive manufacturing hub. The region's market dynamics are influenced by the increasing demand for technologically advanced features, such as powered and heated seats. Strategic partnerships and acquisitions, such as those by Lear Corporation and Magna, are enhancing production capabilities and integrating Industry 4.0 technologies. The market is also witnessing innovations in sustainable materials, as seen in Faurecia's collaboration with Indorama Ventures to develop recyclable cushioning solutions. These developments, along with the focus on comfort and automation, are expected to drive the automotive seat market's growth in the coming years.
Automotive Seats Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in USD Billion)
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2.1 Material Type
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2.1.1 Synthetic Leather
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2.1.2 Genuine Leather
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2.1.3 Fabric
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2.2 Technology
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2.2.1 Standard Seats
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2.2.2 Powered Seats
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2.2.3 Ventilated Seats
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2.2.4 Other Seats
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2.3 By Sales
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2.3.1 OEM
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2.3.2 Aftermarket
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 India
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 South America
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2.4.4.2 Middle East and Africa
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Automotive Seats Market Size FAQs
What is the current Automotive Seats Market size?
The Automotive Seats Market is projected to register a CAGR of 5.27% during the forecast period (2024-2029)
Who are the key players in Automotive Seats Market?
Adient, Lear Corporation, Faurecia, Toyota Boshoku and Magna International are the major companies operating in the Automotive Seats Market.