Automotive Seat Market Trends

  • Report ID: 6428
  • Published Date: Sep 13, 2024
  • Report Format: PDF, PPT

Automotive Seat Market Trends

Growth Drivers:

  • Technological advancements: Enhanced comfort in cars will support the growth of the market and create opportunities for the players going ahead. Technology can be used to add features like heating, ventilation, massage, and other functions to seats, making them smarter. Moreover, long-haul passengers require greater comfort, hence ergonomic designs can be incorporated into seats to lessen fatigue during travel.
  • Growing luxury car demand: The growing demand for regular and electric cars is one of the key factors propelling the growth of the automotive seat industry. Manufacturers and designers are developing lightweight seats to lower the overall weight of the car and provide comfort to the passengers. Automobile production is accelerating and people's inclination towards luxury cars is growing. Moreover, the rising disposable income among the middle-class population is another factor contributing to the sales of high-end models and luxury cars.

Challenges:

  • Increased costs and disruptions in the supply chain: Despite fluctuations in the price of raw materials, automakers need to sell their automobiles at a profit. Maintaining the level of comfort in automobile seats and keeping up with price changes are difficult tasks. High costs prevent the adoption of modern materials and technologies. Strict norms and regulations need to be followed while allocating seats. Environmental limits or standards for seat quality may be included in these guidelines.

Automotive Seat Market: Key Insights:

Base Year

2024

Forecast Year

2025-2037

CAGR

4.1%

Base Year Market Size (2024)

USD 94.2 billion

Forecast Year Market Size (2037)

USD 152.6 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Saima Khursheed


  • Report ID: 6428
  • Published Date: Sep 13, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The automotive seat market size was USD 94.2 billion in 2024.

The global automotive seat market size was US 94.2 billion in 2024 and is likely to reach USD 152.6 billion by the end of 2037, expanding at a CAGR of 4.1% over the forecast period, i.e., 2025-2037.

Johnson Controls, Lear Corporation, Volkswagen Group, DURA Automotive Systems, IFB Automotive, Fisher and Company, Magna International Inc, Achi Co. Ltd., and Aktis Engineering Solutions are some key players in the market.

The passenger cars segment is expected to hold a leading share during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 41.2% in 2025.
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