The automotive sector is one of the major contributors of the growth in the global economy. The total number of vehicles in the industry manufactured during the year 2018 was estimated to be around 95.70 million as compared to the total production in 2015 estimated to be around USD 90.78 million. Thus, the production of automobiles is considerably rising, and in turn, catalyzing the demand for automotive seats as well. Auto OEMs are taking numerous initiatives to provide improved interiors and aesthetics.
The Global Automotive seat market saw an upward trend of growth in recent years and is expected to grow in the forecast period due to an expansion in production. The largest contributor to the growth of the Global Automotive Seat Market was the Asia-Pacific region. China was the largest manufacturer of automotive seats. Due to various changes in the individual preferences of consumers, the demand for seating systems has changed over time. A wide range of technological innovations is made by the seat manufacturers. The growth of the bucket seats, powered seats, and ventilated seats is expected to surge at the highest rate due to the different features and accessories included in the car.
According to MarkNtel Advisors’ research report titled “Global Automotive Seat Market Analysis, 2020”, the Automotive Seats Market would grow at a CAGR of around 3% during 2020-25 due to the increased auto production in Asia-Pacific and North America.
The demand for the innovative seating systems such as massage, powered, ventilated, and bucket seating systems in the automobiles would emanate majorly from the passenger vehicles segment. The luxury cars OEMs and brand manufacturers such as BMW, Mercedes Benz, and Range Rover are increasingly installing innovative seating systems such as powered, massage, ventilated, and bucket seating systems in their SUVs and Sedans.
Fluctuating Prices of Raw Materials
There is a growing need for light-weighted vehicles in the present times, thus, the production of the ultra-light seating material, including active use of porous seating material which helps in air ventilation, has increased the cost of the vehicle. As the production process of such fine fabrics, chemicals and materials required in the manufacturing of such seats have been volatile during 2015-19.
Asia-Pacific to Witness Fastest Growth
The OEMs captured the major market share in the Seat market in 2019. Increasing auto production in Europe and North America has been driving the Automotive Seat market. However, auto sales have been rising at an exponential rate in Asia-Pacific primarily in India and China. Various automotive makers are entering into these emerging regions to tap the growing potential. Therefore, the automotive seat market is set to promulgate in the Asia Pacific at a faster rate.
Changes in Individual Consumer Preferences
Due to modernization, various changes in customer’s preferences and tastes can be witnessed. The buyers tend to prefer powered, massage seats, ventilated seats, and bucket seats in place of the old conventional seats. The seats have special features that provide a better driving experience to the driver and comfort in the long-distance journey. The Middle East and Africa undergo high temperatures throughout the year. Therefore, ventilated seating systems are increasingly becoming a need in such regions. Ventilation systems in the cars are deployed to pass cool air inside the car and to avoid the moisture and heat to settle in the interiors of the car.
According to MarkNtel Advisors’ research report, “Global Automotive Seats Market Analysis, 2020”, the Global Automotive Seats market can be segmented based on the type of material used, vehicle type and technology used, seat type and regionally. The leading players in the global market of the automotive seats are Faurecia Services Group Sasu, Dura Automotive Systems, LLC, Lear Corporations, Magna International Inc., Toyota Bushoku Corporation, Tata Autocomp System, Fisher and Company, Johnson Controls Inc., Grammer Seating systems, TS Tech Co. Ltd., and others.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Automotive Seats Market during 2020-25?
A. The market size of Global Automotive Seats market during 2020-25 is forecast to be around 3%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Automotive Seats Market?
A. Faurecia Services Group Sasu, Dura Automotive Systems, LLC, Lear Corporations, Magna International Inc., Toyota Bushoku Corporation, Tata Autocomp System, Fisher and Company, Johnson Controls Inc., Grammer Seating systems, TS Tech Co. Ltd. are few of the leading players in the Global Automotive Seats Market.
Q. Does the report scope cover Global Automotive Seats type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Automotive Seats type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which distribution channel would emerge as an opportunity area for players in Global Automotive Seats Market?
A. Original Equipment Manufacturer (OEMs) captured the major market share of automotive Seats segment which continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Automotive Seats Market.
