The automotive Seating market was valued at USD 76.24 billion in 2022, and it is expected to reach a value of USD 103.74 billion by 2027, registering a CAGR of 5.30% during the forecast period (2022 - 2027).
Seating systems are platforms proposed to accommodate the person seating in a vehicle. Seating has improved from simple seating systems to complex masterpieces to fulfill the desires of both consumers and manufacturers. When Original Equipment Manufacturers and Tier 1 companies design the cars, the seating systems are referred to as luxurious and heaviest interior parts. While conventional designs have been suggested in the industry, companies have started to design new layouts that will change the seating systems in a more improved method than conventional seating systems. Luxury modifications have been announced to seating systems to assure a comforting experience for customers while driving.
According to IEA, the number of SUVs in the world’s infrastructures improved by more than 35 million in the year 2021. Closely half of all cars sold in the US and one-third of the cars sold in the European Union are SUVs. Related to western countries, India’s SUV sales are currently lower. OEMs are launching compact SUVs in a mid-price range, which is attracting buyers. Thus, the Indian market is inclining toward compact SUVs as they are more efficient compared to full-size SUVs. Government creativities for Foreign Direct Investments auxiliary the automotive seating market. Developing a lighter design while reducing a cost is a challenge for Constructers.
The Global Automotive Seating Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Harita Seating System Ltd, Grammer AG, Fenix Group LLC, Camira Fabric Ltd., Toyota Boshoku Corporation, Lear Corporation, IFB Automotive
In January 2020, Adient sold Recaro Automotive Seating to Raven Acquisitions LLC, a Detroit-based, privately-owned investment corporation to focus more on the development of performance seats, ergonomic seats, and special application seats to broaden its customer base in the market.
In February 2020, Toyota Boshoku Corporation announced the development of a new Automotive Seat Technology with a convenient and comfortable function for Toyota Yaris in Japan to attract new customers.
OPPORTUNITY: Growing focus on autonomous cars and increasing preference for ride sharing
Automotive manufacturing is growing its focus on the development of advanced driver assistance technologies, with the goal of developing and introducing a fully automated driving experience. There has also been an increase in consumer preference for mobility-on-demand services, such as car and ride-sharing. As per a survey conducted by Victoria Transport Policy Institute (VTPI), >70% of fully autonomous cars would be used for ride-sharing, and only 30% of these are likely to be privately owned.
What are the major Applications, Types, and Regions of the Automotive Seating Market?
By Type, it is segmented into
By Application, it is segmented into
By Trim Material
By Technology
By Electric & Hybrid Vehicle
By Seat Type
The global Automotive Seating market has been separated into seven key environmental regions which include, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. The Asia Pacific will be dominating the market for Automotive Seating. Emerging movements in automotive seating systems, and growing vehicle production will be major factors to drive the growth of the Automotive seating market in the APEC region. India, China-Japan, and South Korea will be prime suppliers of the automotive seating market. Foreign Direct Investment and Government Policies supporting manufacturers. Such strategies will play an important role foster the market. The Asia Pacific is followed by North America and Western Europe. The majority of top OEMs are from North America and Western Europe. Customers' demand for Luxury is creating more opportunities and challenges for manufacturers. Eastern Europe and Latin America also contribute to the Automotive seating market. The market scenario comprises the market drivers, restraints, challenges, and opportunities. The automotive Seating global market forecast segments are type, material, expertise, vehicle type, and region.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR |
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By Type |
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By Application |
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By Companies |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 135 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
What is the growth rate of the Automotive Seating Market?
What are the significant types of Automotive Seating Market?
What are the major end-use applications of the Automotive Seating Market?
Which region has the largest share in Automotive Seats Market?
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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