Automotive Seats Market

Automotive Seats Market Outlook (2022-2032)

The automotive seats market reached a valuation of US$ 51.48 Billion by 2021, and is likely to register a Y-o-Y growth rate of 3.0% in 2022, closing at US$ 53.33 Billion. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 3.6% CAGR, reaching US$ 75.96 Billion.

Factors such as the rise in sales of luxurious vehicles in developing countries, increase in need for climate-controlled seat technology, and surge in need for lightweight seat frames are expected to boost the growth of the automotive seat market over the analysis period.

In addition, rise in passenger vehicle sale due to enhanced lifestyle of middle-class families coupled with increase in disposable income and surge in demand for feature enabled advance seats are some other factors that are anticipated to augment the growth of the automotive seat market.

Various technical breakthroughs in automotive industry are driving the expansion of the market. The development of advanced technologies such as active health monitoring system, seat heating system are expected to increase the demand of the modular seat in the vehicle and drive the revenue growth rate of the automotive modular seat market during forecast period.

In addition, growing usages of modular seating to decrease the weight of the vehicle interior, growing preferences of consumers towards the smart as well as advanced features will drive market value growth.

Report Attribute	Details
Anticipated Base Year Value (2021)	US$ 51.48 Billion
Expected Market Value (2022)	US$ 53.33 Billion
Projected Forecast Value (2032)	US$ 75.96 Billion
Global Growth Rate (2022-2032)	3.6% CAGR
Expected Growth Rate of Chinese Market (2022-2032)	3.5% CAGR
Anticipated Growth Rate of the Indian Market (2022-2032)	3.4% CAGR
Prominent Automotive Seats Service Players	Fisher and Company RECARO Automotive TM Automotive Seating Systems Private Limited Lear Corporation Tata Autocomp Systems Limited Faurecia Grammar Seating Systems Toyota Boshoku Corporation Johnson Controls Marter Automotive Seating Systems TS Tech Corporation Ltd. Aisin Seiki Co. Ltd. Tachi-S Co. Ltd. NHK Spring Co. Ltd. Guelph Manufacturing Group Futuris Group

2017-2021 Revenue Analysis of Automotive Seats Market vs. Growth Outlook 2022-2032

According to Fact.MR- a market research and competitive intelligence provider - sales of Automotive Seats products experienced an incline at around 1.8% value CAGR from 2017-2021.

Sales of vehicles have increased substantially over the past few years and this trend is expected to be rife over the next ten years as well. This has resulted in high demand for auto seats across the world. Growing per capita disposable income of the population across the world and increasing automobile ownership are expected to sculpt automotive seat sales through 2032.

Growing adoption of powered seats, rising demand for aftermarket automotive seats, high demand for comfort, increasing focus on safety, and surging demand for lightweight seats are other factors that are expected to propel automotive seat shipments over the coming years. Rising demand for baby car seats and pet car seats is also anticipated to provide new opportunities for market players over the years to come.

Key Market Drivers Influencing Automotive Seats Industry Expansion

Rise in Demand for Modular Automotive Seats to Foster Market Growth Prospects

Modular automotive seats provide the Smart seating system to the driver and passengers. The modular seats in vehicles provide safety, comfort, safety, and other features such as climate-controlled, heated, and memory seats. These seats are prepared with systems such as active health monitoring and pneumatic seats.

Manufacture of vehicles in automotive industry with modular seat is growing because of the increase in demand for more safety and advanced features by the consumers. These are some major reasons which are expected to drive the growth of the automotive modular seat market.

Advanced Innovations in Automotive Seats to Accelerate the Market Growth

The manufacturers of automotive sector are researching more to innovate their products. The manufacturers mainly focus on producing smart modular seats for smart cars, which enhance the seat's comfort. The advanced innovations in the manufacturing of vehicle seats are increasing the growth rate of the automotive modular seat market.

In emerging countries, the automotive manufacturers aim to improve fuel efficiency and develop lightweight interior parts, which will create profitable opportunities for the growth of the market.

Key Challenges encountered by Automotive Seats Manufacturers

Imbalance in Automotive Seats’ Cost to Hinder the Market Prospects

The low production costs are not in line with enabling the factors that create an enhanced perception of comfort for the customer, leading to an imbalance in the costs taken to achieve a high-level customer perceived value. This is expected to be one of the major restraints in the growth of the automotive seating market.

High Production Cost of Automotive Seats to Impede the Market Prospects

The high manufacturing cost of automotive modular seats is another factor that is expected to limit the growth of the automotive seat market over the analysis period. Nearly 5% of the total cost incurred in the vehicle is for seats. There are few types of modular seats, such as ventilated, powered, heated, massage and climate-controlled seats, which provide convenience and better comfort than conventional seats.

Country-wise Analysis

How will China Perform in the Global Automotive Seats Industry Landscape?

Increase in Demand for Technologically Advanced Features to Boost the Market Growth

According to Fact.MR, the region will likely accelerate at a CAGR of 3.5% through 2032. The demand for powered and heated seats is expected to grow in China, owing to the increasing demand for technologically advanced features by customers. China, being the global automotive manufacturing hub, has the presence of numerous industry participants, in which most of the foreign industry leaders have joint ventures with the local manufacturers.

For instance, in March 2021, Adient entered into definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. to conclude its Yanfeng Adient Seating Co., Ltd. joint venture in China as part of its strategic transition in China.

How will the Growth of Automotive Seats Market Escalate across India?

Growing Automotive Production to Enhance the Market Prospects

India is one of the most prominent countries wherein automotive seat production is high, accounting for a CAGR of 3.4%. Sales of vehicles in India have been witnessing an upward trend for the past decade and this trend is anticipated to be rife over the next ten years as well. Supportive government initiatives have bolstered the automotive manufacturing industry in the country and initiatives such as ‘Make in India’ are also expected to further cement the Indian manufacturing landscape through 2032.

Rising sales of SUVs, increasing disposable income, increasing launches of new vehicles, rising demand for lightweight seats in electric vehicles, and increasing demand for comfort seating solutions are other factors that drive shipments of automotive seats in India. All of the aforementioned factors contribute to making India an investment-worthy market for automotive seat companies.

Country-wise Forecast CAGRs for the Automotive Seats Market

Country	CAGR
China	3.5%
India	3.4%
Germany	3.3%
US	3.3%
UK	3.2%

Category-wise Insights

Which is the Most Sought-after Technology Category?

Affordable Nature of Standard Seats to Maintain Their Popularity

In terms of technology, standard seats are prospective to earn greater traction, expanding at a CAGR of 3.5% over the forecast period. The global automotive seats market, based on technology, is segmented into powered seats, ventilated seats, heated seats, standard seats, memory seats, and massage seats.

Demand for standard seats is high and is expected to maintain a dominant market share across the forecast period as well. This can be attributed to the affordable prices of standard seats that make them a perfect fit for automotive manufacturers and customers alike. However, demand for powered seats, ventilated seats, and heated seats is expected to witness a steady increase over the next ten years.

Which Segment to Remain Dominant in the Material Category?

Synthetic Leather Segment to Enhance Growth Prospects

The synthetic leather industry is expected to have the largest market and grow at a fast pace during the forecast period. With the rising trend of the population around the world going vegan and growth in awareness among them about the animal cruelties done in the leather industry, the automotive parts makers have started using various synthetic leathers instead of genuine ones that enable the segment to grow at a significant rate in the coming years.

This is especially true for the leather industry and hence OEMs are opting for synthetic leather to manufacture seats that are free from animal cruelty. Increasing awareness among consumers is expected to further boost demand for synthetic leather in the automotive seats marketplace through 2032. A CAGR of 3.4% is projected for this segment.

Automotive Seats Market- Competitive Landscape

Prominent players in the Automotive Seats Industry are taking advantage of the rapidly increasing demand for the Automotive Seats in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

• In January 2022, Toyota Boshaku Corporation, a Japanese automotive component manufacturer, developed seats with an electric retraction mechanism and other interior components for LEXUS NX. The seats also feature improved cushioning that distributes body pressure in the buttocks area for better comfort.
• In September 2021, Faurecia, a leading automotive supplier, in partnership with a steel manufacturing and processing company, SSAB, developed new ultra-low CO2 seat structures. Faurecia aimed to test and industrialize these seats owing to the increasing focus on sustainability across the world.

Key Segments Covered in the Automotive Seats Industry Survey

• By Vehicle Type :

  • Commercial Vehicles
  • Passenger Vehicles

• By Technology :

  • Powered Seats
  • Ventilated Seats
  • Heated Seats
  • Standard Seats
  • Memory Seats
  • Massage Seats

• By Material :

  • Genuine Leather
  • Synthetic Leather
  • Fabrics

• By Seat Type :

  • Bench
  • Bucket
  • Folding
  • Split Bench

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa