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The market for automobile seats was valued at US$ 51.49 billion by 2022 and is projected to expand at a Y-o-Y rate of 4.0% in 2023 to reach US$ 53.37 billion. Additionally, growth is anticipated to pick up steam from 2023 to 2030 to a staggering 4.6% CAGR, hitting US$ 75.99 billion.
Because they guarantee the comfort of the driver and passengers, automotive seats are thought of as an important component of a vehicle. Additionally, the utilisation of various materials and interior elements can give the vehicle a distinctive appearance. As a result, a seat's material must be sturdy, and the grade of the material utilised will determine how much it costs. The most common material used to construct vehicle seats is polyester, while mixed materials can be utilised to increase the frame's durability.
The market for automotive seats is anticipated to expand due to rising sales of passenger cars. The Economic Times reported in April 2023 that India's passenger vehicle sales increased by 26.7% for the fiscal year 2022–2023. Additionally, battery-powered seats that enable automatic adjustment of the flexibility of the seat are increasingly popular. The market is anticipated to expand even more as these technologically advanced automobiles are adopted by more people. According to a September 2022 Wall Street Journal story, the proportion of luxury companies like Tesla and BMW in new car sales may be rising.
Such highly advanced seats, however, are more expensive than standard seats. As a result, it is anticipated that the high price of these chairs will impede the expansion of this market. Regulations relating to the automotive industry from other nations may also have an impact on the market. The rules intended to cut emissions may open up new possibilities for the design of ecologically friendly car parts. Additionally, the development of substitute materials and the growing emphasis on creating autonomous vehicles may open up new prospects in the automotive seats market.
Nearly all industries have seen the negative effects of the COVID-19 epidemic, and the automotive sector is no exception. The lockdown resulted in the closure of numerous industrial facilities and the disruption of global supply systems, which decreased automobile sales. According to a report released in June 2022 by the Office of Industries, automobile sales in the United States in 2019–20 decreased by 15%. A different story published in April 2020 by CNET claims that 93% of all auto production in the United States during the same year had been stopped by the end of March. In spite of this, the market is gradually recovering after the pandemic. Over the course of the analysis period, factors like rising luxury vehicle sales in developing nations, rising need for climate-controlled seat technology, and rising demand for lightweight seat frames are anticipated to propel the expansion of the automotive seat market.
Report Coverage
Global Automotive Seats research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Seats report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Seats competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Seats market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Seats market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Seats market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Faurecia SE, Adient PLC, Toyota Boshoku Corporation, Lear Corp., Magna International Inc., NHK Spring Co. Ltd, Grupo Antolin, HYUNDAI TRANSYS
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Seats market based on the below-mentioned segments:
Global Automotive Seats Market, By Type
Bench
Bucket
Global Automotive Seats market, By Technology
Heated
Powered
Standard
Global Automotive Seats Market, By Vehicle Type
LCV
HCV
Passenger Cars
Global Automotive Seats market, Regional Analysis
Because they guarantee the comfort of the driver and passengers, automotive seats are thought of as an important component of a vehicle. Additionally, the utilisation of various materials and interior elements can give the vehicle a distinctive appearance. As a result, a seat's material must be sturdy, and the grade of the material utilised will determine how much it costs. The most common material used to construct vehicle seats is polyester, while mixed materials can be utilised to increase the frame's durability.
The market for automotive seats is anticipated to expand due to rising sales of passenger cars. The Economic Times reported in April 2023 that India's passenger vehicle sales increased by 26.7% for the fiscal year 2022–2023. Additionally, battery-powered seats that enable automatic adjustment of the flexibility of the seat are increasingly popular. The market is anticipated to expand even more as these technologically advanced automobiles are adopted by more people. According to a September 2022 Wall Street Journal story, the proportion of luxury companies like Tesla and BMW in new car sales may be rising.
Such highly advanced seats, however, are more expensive than standard seats. As a result, it is anticipated that the high price of these chairs will impede the expansion of this market. Regulations relating to the automotive industry from other nations may also have an impact on the market. The rules intended to cut emissions may open up new possibilities for the design of ecologically friendly car parts. Additionally, the development of substitute materials and the growing emphasis on creating autonomous vehicles may open up new prospects in the automotive seats market.
Nearly all industries have seen the negative effects of the COVID-19 epidemic, and the automotive sector is no exception. The lockdown resulted in the closure of numerous industrial facilities and the disruption of global supply systems, which decreased automobile sales. According to a report released in June 2022 by the Office of Industries, automobile sales in the United States in 2019–20 decreased by 15%. A different story published in April 2020 by CNET claims that 93% of all auto production in the United States during the same year had been stopped by the end of March. In spite of this, the market is gradually recovering after the pandemic. Over the course of the analysis period, factors like rising luxury vehicle sales in developing nations, rising need for climate-controlled seat technology, and rising demand for lightweight seat frames are anticipated to propel the expansion of the automotive seat market.
Report Coverage
Global Automotive Seats research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Seats report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Seats competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Seats market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Faurecia SE, Adient PLC, Toyota Boshoku Corporation, Lear Corp., Magna International Inc., NHK Spring Co. Ltd, Grupo Antolin, HYUNDAI TRANSYS |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Seats Market from 2021 to 2030.
- Market Forecast for Automotive Seats Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Seats competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Seats
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Seats market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Seats market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Faurecia SE, Adient PLC, Toyota Boshoku Corporation, Lear Corp., Magna International Inc., NHK Spring Co. Ltd, Grupo Antolin, HYUNDAI TRANSYS
Primary Target Market
- Market Players of Automotive Seats
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Automotive Seats market based on the below-mentioned segments:
Global Automotive Seats Market, By Type
Bench
Bucket
Global Automotive Seats market, By Technology
Heated
Powered
Standard
Global Automotive Seats Market, By Vehicle Type
LCV
HCV
Passenger Cars
Global Automotive Seats market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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