Automotive Seats Market Outlook (2022-2032)
Currently, the global automotive seats market size stands at US$ 53.2 billion and is estimated to reach US$ 76.1 billion in value by 2032-end. Over the next ten years, worldwide shipments of automotive seats are projected to increase at a CAGR of 3.6%.
Europe accounts for 25% of the global automotive seats market share owing to the presence of key automotive manufacturers in the region and high automotive production capacity for commercial and passenger vehicles.
The research report on the global Automotive Seats Market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market.
Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into.
Resurgent sales of automobiles around the world after the recession of 2008 was a vital factor which bolstered automotive seats market growth. Recovering sales helped automotive seats market register a healthy growth rate of 4.2% during the 2012-2016 period.
Automotive Seats Market – Competitive Landscape
- With innovation gaining focus in the automotive seats market, leading companies are coming together for research and development of innovative and novel automotive seating solutions. In line with the same pervasive trend, Lear Corporation announced entering a partnership with Gentherm Inc. for research and development of thermal seating systems. The companies will be focusing on developing a modular and integrated heating and cooling system for Lear’s Intu seating systems.
- In order to stay at pace with the changing demands of the automotive industry, Faurecia announced the opening of a research and development center specifically for automotive seating. The facility was built with an investment of over US$ 14 million and will be focusing on the production of advanced electromechanical parts for seating systems such as backrest adjuster and electric backrest.
- To capitalize on the burgeoning demand for automotive seats, Toyota Boshoku announced signing a Memorandum of Understanding (MoU) with Toyo Seats Co., Ltd., and Delta Kogyo Co., Ltd., to form a joint venture for the manufacturing of automotive seats in the US. The newly formed alliance is aiming to leverage the expertise of each of the partners for acquiring an order from the Mazda Toyota joint venture in the US which is scheduled to begin production of vehicles from 2021.
- Growing innovation towards the development of seating systems for autonomous vehicles received a substantial boost when Magna, a Canadian-based automotive seats manufacturer showcased its reconfigurable seating technology specifically tailored for autonomous vehicles. The company unveiled three different seating ecosystems for car sharing, long road trips, and autonomous ride-sharing.
Consumer-centric Technological Innovations in Seating Systems to Uphold Market Growth
Automobile manufacturers are constantly seeking novel and innovative products to meet the burgeoning consumer expectations for comfort, luxury, and safety inside vehicles. Automotive seating is slowly emerging as a key determinant influencing consumer preferences. In order to consolidate their position in the automotive seats market, manufacturers are increasingly integrating automotive electronics for production of innovative products. Additionally, the growing possibility of autonomous vehicles going mainstream in the foreseeable future is prompting automotive seat manufacturers to invest heavily in research and development of seating systems which would meet the requirements of the upcoming range of automated vehicles. These factors are causing the development of advanced automotive seating systems such as multi-way adjustable control-powered seats, stress and fatigue detecting seats, seats equipped with massagers, and memory seats which could automatically adjust according to defined parameters. Intensive ongoing research in the area is likely to open new opportunities for automotive seat manufacturers.
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Global Automotive Seats market size will reach million US$ by 2025, from million US$ in 2018, at a CAGR of during the forecast period.
In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Seats.This industry study presents the global Automotive Seats market size, historical breakdown data (2014-2019) and forecast (2019-2025).
The Automotive Seats production, revenue and market share by manufacturers, key regions and type;Key questions addressed by the reportWhere will all these developments take Automotive Seatsin the mid- to long-term?What are the upcoming technological trends in the Automotive Seatsmarket?What are the opportunities for various players that exist at present and those that are planning to enter at different stages of the value chain?How growth strategies implemented by key players will impact the growth rate of the Automotive Seatsmarket, and who will have the undue advantage?What are the current adoption trends of the Automotive Seatsmarket?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-automotive-seats-2025-665The consumption of Automotive Seats in volume terms are also provided for major countries (or regions), and for each application and product at the global level.
Market share, growth rate, and competitive factors are also evaluated for market leaders Magna International, Johnson Controls Inc., etc.The following manufacturers are covered in this report:Magna InternationalJohnson Controls Inc.Lear CorporationFaureciaAisin SeikiToyota Boshuku CorpNHK SpringsTS TECHTachi-STo know more manufacturersAutomotive Seats Breakdown Data by TypeFabric SeatGenuine Leather SeatOtherAutomotive Seats Breakdown Data by ApplicationCommercial VehiclesPassenger CarsAutomotive Seats Production by RegionUnited StatesEuropeChinaJapanSouth KoreaIndiaOther RegionsAutomotive Seats Consumption by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalyRussiaRest of EuropeCentral & South AmericaBrazilRest of South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaRest of Middle East & AfricaThe study objectives are:To analyze and research the global Automotive Seats status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Automotive Seats manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.To segment the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Automotive Seats :History Year: 2014 - 2018Base Year: 2018Estimated Year: 2019Forecast Year: 2019 - 2025This report includes the estimation of market size for value (million USD) and volume (K Units).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Seats market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
