Automotive Seats Market Overview
The global Automotive Seat Market was worth US$ xx million in 2019, and it is estimated that it will reach a valuation of US$ xx million by the end of 2025, expanding at a robust CAGR.
The market for Automotive Seat depends mainly on vehicle manufacturing. Advanced modifications were made to introduce a seating system to ensure a comfortable customer experience while driving. The seating system is a platform designed to allow people to sit in the vehicle. The seats have been modified in complicated masterpieces through a simple seating system to meet the needs of both manufacturers and consumers.
Automotive Seats Market Recent Developments
In March 2018, Adient co-founded world-class textile producer Arvind Limited (India) and Adient Arvind Automotive Fabrics.
In March 2018, Lear Corporation planned to expand its manufacturing facilities in Valença, Portugal, which produces car seat structures.
In October 2017, Faurecia entered into a joint venture agreement with BYD Company Limited (China) to establish Shenzhen Faurecia Automotive Parts Co., Ltd. for the development and manufacture of advanced seating solutions.
The joint venture between Liuzhou Wuling Industry and Faurecia will produce products for car seats.
Automotive Seats Market Growth
The increase in global car production, especially in the passenger car and SUV/MPV segments, is expected to increase sales of premium cars with premium features, luxury, and comfort during the forecast period, leading the Automotive Seat Market.
The main factors driving the global Automotive Seat Market are the increased demand for safety functions, the recovery of vehicle production and the growth of various vehicle sectors. Market growth is accelerating as government initiatives on foreign direct investment and the growing preference for heating seats in luxury vehicles. In addition, the use of lightweight materials in car seat systems increases market demand. The global Automotive Seat Market is booming as the average driving time in vehicles, global vehicle production and demand for SUVs increases. But changing consumer demands and preferences, exchange rates and regulatory changes are hampering the market growth. The increase in customer demand for luxury seating systems and the development of advanced seat technology for future vehicles offer potential opportunities for market players in the market.
Reducing the weight of the vehicle to optimize efficiency and increase the demand for comfort and luxury are some of the main factors that drive the growth of the global Automotive Seat Market. Attractive development platforms for cars and motorcycles, FDI for trade liberalization, free movement of goods, high investment, skilled and affordable labor, population growth, capital inflows, higher income levels and government support for foreign direct investment are some of the other factors that promote the growth of the global Automotive Seat Market. The need to develop raw materials to improve efficiency and reduce costs is also driving growth in the worldwide market.
However, volatility in metal prices and falling changes in sales and car production are critical factors in the growth of the Automotive Seat Market. Reducing costs while developing lighter designs is a unique challenge for the market.
Automotive Seats Market Segmentation
The global Automotive Seat Market can be segmented down by type, electric and hybrid vehicles, vehicles, parts, finishing materials, technology, and region.
By type, the global automotive seat business is divided into bucket seats and split-bench.
By electric and hybrid vehicles, the global automotive seat market is divided into battery electricity, hybrid electricity, and plug-in hybrid electricity.
By vehicle, the global automotive seat industry is divided into passenger cars, light vehicles, heavy trucks, and buses. Of these, the passenger car segment accounts for the leading portion of the world market, which is likely to expand in the foreseen years.
By components, the world market is divided into armrests, pneumatic systems, seat belts, frames and seating structures, seat headrests, seat height adjusters, reclining seat covers and seat rails.
By finishing material, the market is divided into leather and synthetic leather. Leather accounts for a prominent share in the international marketplace due to the toughness and reliability it offers.
By technology, the global automotive seat market is divided into heating sheets, electric sheets, massage sheets, memory sheets, standard sheets, and ventilation sheets.
Automotive Seats Market Regional Analysis
North America dominated the global Automotive Seat Market in the review period. Europe is likely to witness the spread of lightweight and technically advanced seating systems in the near future, as fuel efficiency regulations and standards rise of tighter emissions. China is the largest Automotive Seat Market in the Asia Pacific. Automotive consumers in the Asia Pacific region tend to increase safety and comfort. Car manufacturers are trying to develop cost-effective and high-performance seating systems to meet the expectations of consumers in the area. The Asia Pacific region is presumed to have the largest share in the global Automotive Seat Market. China is the largest car market in Japan and the largest car manufacturer in Japan, followed by Korea and India.
Faurecia has developed a cover engraving technology that uses 3D cutting technology to cut foam sheets and adjust and maintain weight/function balance. Gentherm was a pioneer in heating sheets and a leader in innovation in thermal heating.
Major players in the global automotive seat market include NHK Spring Co., Magna Seating, TACHI-S, Aisin Seiki Co., Faurecia, Lear Corporation, Toyota Boshoku Corporation, Recaro GmbH & Co. KG, Gentherm, TS Tech Co., Ltd and Johnson Controls Inc.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Seats Market, By Type
6.1.1 Bucket Seat
6.1.2 Split Bench
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Automotive Seats Market, By Electric Vehicle
6.2.1 Battery Electric
6.2.2 Hybrid Electric
6.2.3 Plug In Hybrid Electric
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automotive Seats Market, By Vehicle
6.3.1 Passenger Car
6.3.2 Light Commercial Vehicles
6.3.3 Heavy Trucks
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Automotive Seats Market, By Components
6.4.2 Pneumatic System
6.4.3 Seat Belt
6.4.4 Seat Frame and Structure
6.4.5 Seat Headrest
6.4.6 Seat Height Adjuster
6.4.7 Seat Recliners
6.4.8 Seat Track
6.4.9 Market Size Estimations & Forecasts (2019-2024)
6.4.10 Y-o-Y Growth Rate Analysis
6.4.11 Market Attractiveness Index
6.5 Automotive Seats Market, By Trim Materials
6.5.1 Genuine Leather
6.5.2 Synthetic Leather
6.5.3 Market Size Estimations & Forecasts (2019-2024)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
6.6 Automotive Seats Market, By Technology
6.6.1 Heated Seats
6.6.2 Powered Seats
6.6.3 Massages Seats
6.6.4 Memory Seats
6.6.5 Standard Seats
6.6.6 Ventilated Seats
6.6.7 Market Size Estimations & Forecasts (2019-2024)
6.6.8 Y-o-Y Growth Rate Analysis
6.6.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Electric Vehicle
7.2.4 By Vehicle
7.2.5 By Components
7.2.6 By Trim Materials
7.2.7 By Technology
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By Electric Vehicle
7.3.4 By Vehicle
7.3.5 By Components
7.3.6 By Trim Materials
7.3.7 By Technology
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Electric Vehicle
7.4.4 By Vehicle
7.4.5 By Components
7.4.6 By Trim Materials
7.4.7 By Technology
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By Electric Vehicle
7.5.4 By Vehicle
7.5.5 By Components
7.5.6 By Trim Materials
7.5.7 By Technology
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By Electric Vehicle
7.6.4 By Vehicle
7.6.5 By Components
7.6.6 By Trim Materials
7.6.7 By Technology
8. Key Player Analysis
8.1 NHK Spring Co.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Magna Seating
8.4 Aisin Seiki Co.
8.6 Lear Corporation
8.7 Toyota Boshoku Corporation
8.8 Recaro GmbH & Co. KG
8.10 TS Tech Co., Ltd
8.11 Johnson Controls Inc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures