Automotive Seat Market

The global Automotive Seat market was valued at USD 48.8 Billion in 2020 and is projected to reach USD 71.2 Billion by 2028, growing at a CAGR of 3.20%% from 2021 to 2028.

Automotive seat is an important part of a vehicle as it provides comfort to the person who is driving or even the passengers. Moreover, these seats also offer a stylish look to a vehicle as they have ability to integrate various interior parts and different type of fabric materials. In addition, they are designed to support thighs, the buttocks, lower and upper back, and head support which is good for consumers. They are usually made up of steel, aluminum, or mixed material.

The global Automotive Seat market report provides a thorough analysis of each segment including Technology,Trim Material and Seat Type for each region, and country. All the segments are studied considering historical and future trends across geographies. All the segments covers trends, market size, and forecasts, and the data is provided for the years 2016–2028. Moreover, the report also covers exhaustive analysis on competitive scenario of the global market covering in depth company profiles based on business overview, financial performance, product portfolio, business strategies, recent developments, and market share among others. In addition to that the report offers several market impacting factors such as drivers, restraints, and opportunities. Cumulatively, the report will cover all of the aspects regarding the global Automotive Seat market. 

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report covers an exhaustive analysis of Automotive Seat industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends,  SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Automotive Seat industry.

The rising demand for climate controlled seat technology is anticipated to augment the growth of the automotive seats market during the forecast period. This is attributable to the increasing global warming at extreme temperatures that is making it difficult for the consumers to travel in the automobile. The recent technology in car seats, offered by several automobile manufacturers is air-conditioned seats. By confining the cooled air directly to the spot where the hot person is sitting. Therefore, there is a growing focus on providing climate-controlled seats to the consumers and these factors are driving the market. 

The rising vehicle sale and manufacturing across the globe is anticipated to augment the growth of the automotive seat market during the forecast period. This is attributable to the rapid urbanization, increasing industrialization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal and luxurious vehicles has also increased the global sales of automobiles and hence its production by the manufacturers as well which in turn is expected to support the growth of the automotive seat market in the forecast period. 

The increase in prices of advanced seats and growth in trade war is expected to restrain the growth of the automotive seat market. The modular seats that are powered, ventilated, massage, and climate-controlled seats, offers better comfort to the consumers. Due to their high cost, their penetration is only limited to high-end luxurious cars. Additionally, increasing uncertainty in the global trade due to the rise in import tariffs is also estimated to hinder the growth of the automotive interiors market in the years to come.

Technology  Analysis: Preview

On the basis of Technology, the market is segmented into Standard Seats, Powered Seats, Ventilated Seats, Other Seats. Ventilated Seats held the highest share in the global Automotive Seat market and is projected to witness the same trend during the forecast period.

Trim Material Analysis: Preview

Based on Trim Material, the market is segmented into Fabric, Synthteic Leather, Genuine Leather. Genuine Leather accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Seat Type Analysis: Preview

Based on Seat Type, the market is segmented into Bucket Seat, Bench Seat. Bucket seat dominates the global Automotive Seat market and is expected to continue the same trend from 2021 to 2028. 

Based on geography, the global Automotive Seat market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2016–2028. Asia Pacific dominates the global Automotive Seat market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.  

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Major players in the global Automotive Seat market are GSK Group, Tachi-S, Toyota Boshoku, NHK Spring, Jiangsu Yuhua, Magna, CVG, Lear, Zhejiang Jujin, Beijing GoldRare, TS TECH, Grammer, Sitech, Wuhu Ruitai, Hyundai Dymos, Johnson Controls, Isringhausen, Faurecia.. The global Automotive Seat market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network,  and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.   

• The global Automotive Seat market was valued at USD 48.8 Billion in 2020
• The global Automotive Seat Market is projected to reach USD 71.2 Billion by 2028
• Asia Pacific held the highest share of the Automotive Seat market in 2020
• Some of the major companies operating in the Automotive Seat market are GSK Group, Tachi-S, Toyota Boshoku, NHK Spring, Jiangsu Yuhua, Magna, CVG, Lear, Zhejiang Jujin, Beijing GoldRare, TS TECH, Grammer, Sitech, Wuhu Ruitai, Hyundai Dymos, Johnson Controls, Isringhausen, Faurecia.