Automotive Seats Market

Automotive Seats Market worth $60.0 billion by 2025

The report "Automotive Seats Market by Type & Technology (Heated-Powered, Heated-Ventilated, Heated-Memory, Heated-Ventilated-Memory, Heated-Ventilated-Memory-Massage), Trim & Frame Material, Component, Vehicle (ICE, Electric,OHV) and Region - Global Forecast to 2025", is projected to grow to USD 60.0 billion by 2025 from USD 51.9 billion in 2020, at a CAGR of 2.9%. Factors such as Inclination of consumers towards more comfort and luxury features would drive the automotive seat market

Browse 164 market data Tables and 59 Figures spread through 224 Pages and in-depth TOC on "Automotive Seats Market by Type & Technology (Heated-Powered, Heated-Ventilated, Heated-Memory, Heated-Ventilated-Memory, Heated-Ventilated-Memory-Massage), Trim & Frame Material, Component, Vehicle (ICE, Electric,OHV) and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-seat-market-216812760.html

Passenger Car Segment is estimated to hold the largest share in Automotive Seat Market

Owing to the higher production of passenger cars compared to all vehicle types, automotive seats in this segment lead the market. The trend of automotive seats is different in each region. For instance, Asia Oceania, which contributes ~54% to the total passenger car segment, is dominated by the small/economy car segment since the second row of these cars is equipped with bench seats due to their compactness. As consumers in this segment in this region are price-sensitive, the adoption of innovative seating technology is limited here compared to the Americas and Europe.

Powered and combination of powered & heated seat

While traditionally, powered seats were installed only in premium vehicles, currently, they are also being installed in most mid-end SUVs.  Demand for SUVs is increasing in Asia Oceania, especially in China, Japan, India, and South Korea. OEMs in India are launching compact SUVs in the mid-price range, which is expected to create a positive outlook for powered seats.

The hot climate in Asia Oceania results in minimal demand for heated sets in the region. Most cars sold in North America and Europe are SUVs. Therefore, the application of powered seats in these regions is expected to be higher. The adoption rate of powered & heated seats is higher in North America due to the cold climatic condition. These two are the largest markets for heated & powered seats due to the willingness of customers to pay for comfort & luxury. 

Asia Pacific: The largest automotive seat market

Owing to the large-scale production of vehicles, Asia Oceania is the largest market for automotive seats and accounted for ~50% of the market in 2019. India, Indonesia, and Thailand logged an annual growth of approximately 3%, 7%, and 6% in vehicle production between 2017 to 2018. The demand for SUVs has significantly increased, especially in China, owing to the improving economic environment, low crude oil prices, and rising per capita income. OEMs in India are launching cost-effective, compact SUVs in the mid-price range to attract buyers. This increasing demand for SUVs will lead to demand for various combinations such as 60/40, 40/20, 40/20/40 for second/third row seating.  SUVs are equipped with powered, memory, massage, and heated seats to provide comfort to the passenger and driver. In terms of material, synthetic leather is more widely used since it is more flexible in terms of configuration, is available in more colors, and is cheaper than genuine leather. Therefore, it is the preferred choice of OEMs, especially in Asia Oceania.

The automotive seat market is dominated by global players and comprises several regional players as well. The key players in the automotive seat industry are Adient Plc (US), Lear Corporation (US), Faurecia (France), Toyota Boshoku Corporation (Japan), and Magna International (Canada).

Don’t miss out on business opportunities in Automotive Seats Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
AT 3710
PR Published ON
10/16/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Automotive Seats Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home