According to a Future Market Insights (FMI) report, the global automotive seating systems market is projected to expand at a moderate compound annual growth rate (CAGR) of 3.10% over the forecast period. In 2022, the market was valued at approximately USD 65,462.4 million and is anticipated to reach around USD 88,833.9 million by 2032.
The automotive seating systems market’s growth is driven by several factors, including rising demand for hybrid and electric vehicles, particularly in emerging markets. This demand surge is closely linked to the broader expansion of the automotive industry, which is positively impacting the automotive seating sector.
Recent trends show an increasing demand for automotive seating systems due to the popularity of mobility-on-demand services like car-sharing and ride-sharing. The increase in shared vehicle usage has heightened the focus on seat durability and quality.
FMI analysts highlight that modular seating options, such as heated, powered, and ventilated seats, are becoming more common in mid-range vehicles. However, the high cost of automotive seating systems could pose a barrier, potentially restricting market growth.
Additional factors contributing to market growth include rising safety concerns, efforts to improve fuel efficiency through lightweight design, and increasing demand for premium vehicles. These elements are expected to drive notable growth in the automotive seating systems market during the forecast period.
Comprehensive Market Insights: Full Report Overview
Key Insights from the Automotive Seating Systems Market:
- Europe is expected to lead the global automotive seating systems market, holding a 25% market share from 2022 to 2032.
- The European market for automotive seating systems is anticipated to grow at a CAGR of 5.5% over the forecast period.
- In 2022, North America accounted for a 19% share of the global automotive seating systems market.
- The North American automotive seating systems market is projected to expand at a CAGR of 1.7% between 2022 and 2032.
- Between 2016 and 2021, the automotive seating systems market experienced a historical CAGR of 2.10%.
“The broad spectrum of vehicles with a confluence of growing concern for safety features is rising the demand for intelligent seating systems with superior comfort and ergonomics.” – Says an FMI Analyst
Competition Landscape in the Automotive Seating Systems Market
The key players in the automotive seating systems market are growing research and development activities to launch innovative products and are penetrating lucrative growth opportunities in the forum.
Furthermore, several leading players are incorporating automotive seats with smart sensors, air moving devices, high-power-density heaters, and convective heaters, which is leading to the creation of more compelling products and capitalization upon new technologies.
Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc., and IFB Automotive are some of the key players in the market.
Recent Developments in the Automotive Seating Systems Market:
- In May 2021, Toyota Boshoku introduced a cabin space that offers multimodal sensory stimulation during autonomous driving to reinvigorate its occupants with a short nap and comfortably awaken them.
- In July 2020, Faurecia officially launched its new seating joint venture with BAIC with four plants in Beijing, Chongqing, Huanghua, and Xiangtan.
- In 2019, Lear Corporation acquired Israel-based EXO Technologies, a leading developer of differentiated GPS technology that provides high-accuracy positioning solutions for autonomous and connected vehicle applications.
Key Segmentations
By Vehicle Type:
- Automotive Seating Systems for Passenger Cars
- Automotive Seating Systems for Light Commercial Vehicles
- Automotive Seating Systems for Heavy Commercial Vehicles
By Seat Type:
- Automotive Split Seat Systems
- Automotive Bench Seat Systems
- Automotive Split Bench Seat Systems
By Distribution Channel:
- Automotive Seating System Sales via OEM
- Automotive Seating System Sales via Aftermarket
By Technology:
- Heated Automotive Seating Systems
- Powered Automotive Seating Systems
- Powered & Heated Automotive Seating Systems
- Standard Type Automotive Seating Systems
By Region:
- North America Automotive Seating Systems Market
- Latin America Automotive Seating Systems Market
- Europe Automotive Seating Systems Market
- East Asia Automotive Seating Systems Market
- South Asia Automotive Seating Systems Market
- Oceania Automotive Seating Systems Market
- Middle East & Africa Automotive Seating Systems Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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