The global automotive seating market is expected to surge at a stagnant CAGR of around 3.40% during the forecast period from 2022 to 2032. The growth in the market is expected to reach a valuation of US$ 52,941.6 Million in 2022 and is anticipated to surge by an estimation of around US$ 73,960.9 Million in 2032.
The automotive seating market refers to the industry involved in the design, manufacturing, and distribution of seats used in vehicles. Here’s an overview of the automotive seating market:
Types of Automotive Seats:
Bucket Seats: These are individual seats designed to accommodate one person and are commonly used in the front and rear of vehicles. They come in various configurations, including adjustable headrests, lumbar support, and heating/cooling features.
Bench Seats: Bench seats are long seats that can accommodate multiple passengers. They are often found in the front or rear of vehicles, particularly in trucks, vans, and some larger cars.
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Market Trends:
Comfort and Convenience Features: Automotive seating manufacturers are incorporating advanced features such as power adjustments, massage functions, ventilation, and memory settings to enhance comfort and convenience for passengers.
Lightweight Materials: There’s a growing emphasis on using lightweight materials such as high-strength steel, aluminum, and composite materials to reduce vehicle weight and improve fuel efficiency while maintaining safety and durability.
Customization and Personalization: Consumers increasingly seek customizable seating options to suit their preferences, including color choices, upholstery materials, stitching patterns, and ergonomic adjustments.
Integration with Advanced Technologies: Seats are being integrated with advanced technologies such as sensors, occupant detection systems, airbag systems, and connectivity features to enhance safety, comfort, and functionality.
Market Drivers:
Vehicle Sales and Production: The automotive seating market is closely tied to vehicle production levels and sales volumes, with increasing vehicle production driving demand for seating components and systems.
Consumer Demand for Comfort and Safety: Consumers prioritize comfort, safety, and interior aesthetics when purchasing vehicles, leading to demand for high-quality seating with ergonomic designs, advanced features, and premium materials.
Vehicle Customization Trends: The trend towards vehicle personalization and customization fuels demand for seating options that allow consumers to tailor their vehicle interiors to reflect their individual tastes and preferences.
Key Players:
Major players in the automotive seating market include Adient plc, Lear Corporation, Faurecia, Magna International Inc., Toyota Boshoku Corporation, and Gentherm Inc. (formerly known as Gentherm Incorporated).
These companies supply seating systems and components to automotive manufacturers worldwide and often collaborate with OEMs to develop custom seating solutions for specific vehicle models.
Challenges:
Regulatory Compliance: Compliance with safety and regulatory standards, such as crash safety requirements and occupant protection regulations, poses challenges for automotive seating manufacturers in terms of design, testing, and certification.
Cost Pressures: Automotive seating manufacturers face cost pressures from OEMs to provide high-quality seating solutions at competitive prices while meeting performance, comfort, and durability requirements.
Supply Chain Disruptions: Disruptions in the supply chain, such as raw material shortages, logistics challenges, and geopolitical factors, can impact manufacturing operations and disrupt the availability of seating components and systems.
Overall, the automotive seating market is driven by factors such as consumer preferences for comfort and safety, vehicle customization trends, and advancements in materials and technology. Continuous innovation, collaboration with OEMs, and focus on cost efficiency and regulatory compliance are key strategies for automotive seating manufacturers to maintain competitiveness and meet evolving market demands.
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Key Takeaways
- Since bigger cars have doubled the proportion of SUVs, there has been a significant shift in customer preferences over the past few years. They come in a variety of seat configurations, such as bucket chairs and bench or bucket seats in the second row (may or may not be split). Due to technological advancements, full-size SUV seats are completely powered, heated, and ventilated and have the option of leather upholstery. As a result, the market for automotive seating is being driven by increasing SUV purchases.
- Governments all over the world have been seen to actively participate in and play a role in paving the way for foreign direct investments that support the automotive seating industry. The aforementioned factors will likely cause the global automotive seating market to expand in the future years.
- Customers’ propensity for opulent sitting systems has recently been noticed by Future Market Insights. Manufacturers are making an effort to develop luxurious goods while putting a strong emphasis on safety issues.
- The development of advanced driver assistance technologies is receiving more attention from the car industry, with the main goal being the creation and introduction of a completely automated driving experience. Consumer preference for mobility-on-demand services has risen noticeably, opening up profitable possibilities in the automotive seating market.
- The longevity of seats will be a crucial factor to take into account with a rising desire for care sharing. Nowadays, multiple commuters use the same vehicle at the same time, making privacy a crucial factor that is driving manufacturers to innovate and acquire compelling goods for end users.
Competitive Landscape
The prominent market players are making continuous innovations and indulging in several mergers and acquisitions in order to curate convenient seating solutions for the end-users. They are possessing compelling products that efficiently abide by consumer preference for further increasing demand in the global automotive seating market.
Key companies proliferating in the automotive seating market are:
Fisher and Company, RECARO Automotive, Faurecia, Grammar Seating Systems, Johnson Controls, TM Automotive Seating Systems Private Limited, Lear Corporation, Tata Autocomp Systems Limited, Toyota Boshoku Corporation, Marter Automotive Seating Systems, TS Tech Corporation Ltd.
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Key Segments In The Automotive Seating Market
By Seat Type:
- Split seat
- Bench seat
- Split Bench seat
By Vehicle Type:
- PCV (Passenger Commercial Vehicles)
- LCV (Light Commercial Vehicles)
- HCV (Heavy Commercial Vehicles)
By Distribution Channel:
- OEM
- Aftermarket
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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