Automotive Seats Market

Market Leader - Automotive Seats Market

The rising premium vehicle sales, stringent emission norms, and improved fuel economy have influenced the suppliers of seats to produce lightweight seating assemblies. The automotive seats market is estimated to grow at a CAGR of 2.51%, during the forecast period to reach a market size of USD 73.03 billion by 2025, from USD 61.41 billion in 2018.

The automotive industry has witnessed huge technological advancements in the area of autonomous & semiautonomous vehicles, and these advancements are also reflecting in automotive seating systems. Seating manufacturers are putting efforts on developing seating systems with advanced features that provide optimum safety and comfort to the passengers. These seating systems are likely to be developed using innovative and precision engineering design concepts through optimization techniques that ensure efficient and reliable performance. Further, these seating systems would be equipped with several sensors, digital displays, electronic systems, and other advanced mechanisms that are likely to enhance the seating experience. Many prominent players, including Adient, Faurecia, Toyota Boshoku, and TS Tech, have already started developing innovative concepts (for upcoming autonomous vehicles) toward these seating technologies. These advanced seating systems can analyze the data related to the physical and mental status of the passenger and automatically offer several seating options such as comfortable seat position, ventilation, and massage features as per the occupant’s behavior and preferences. Thus, the technological developments in autonomous seating systems can bring immense business opportunities for components suppliers (displays, sensors, and others).

Lightweighting is one of the key trends in the automotive industry to reduce the overall vehicle weight; the same also applies to automotive seats. As per Faurecia, the automotive seating system accounts for nearly 6% of the total vehicle weight and 5% of the total vehicle cost. According to an insight from an industry expert, the usage of materials such as magnesium, aluminum, HSS, and carbon fiber is likely to reduce the weight of seating systems by nearly 25–30%. Instead, the lighter seating systems can be equipped with additional technologies such as heated, ventilated, memory, and massage to offer advanced features. Hence, along with the growing premium vehicle sales, the demand for advanced seats is also likely to increase, bringing immense growth opportunities for this market in the coming future.

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The BEV segment is estimated to grow at the fastest rate for the electric & hybrid vehicles seats market, by technology. The BEV segment has shown a significant rise in the global demand, especially in the Asia Oceania and European regions. China, Japan, South Korea from Asia Oceania and Germany, France, Norway, and the UK from Europe have higher demand for BEVs. According to MarketsandMarkets analysis, the BEV demand in these 2 regions are projected to grow at significant CAGRs of 14.53% and 22.54% between 2018 and 2025. As Japan, South Korea, and European countries have mostly colder climatic conditions, coupled with high technological adoption rate, the demand for seats with advanced technologies such as powered, heated, ventilated, and memory are expected to also grow, providing new business avenues to the advanced automotive seating manufacturers.    

Along with the rise in demand and sales of the global vehicles, seating manufacturers are focusing on enhancing the comfort and safety level, resulting in an optimum customer satisfaction. Also, considering the vehicle weight reduction policies, the established players such as Adient, Lear Corporation, Faurecia, and Toyota Boshoku can reap the benefits by collaborating with lightweight material providers such as BASF, Covestro, and Lyondellbasell for developing innovative seating systems and gaining new business opportunities for upcoming vehicles. 

Related Reports:

Automotive Seats Market by Technology (Heated, Powered, Ventilated, Massage, Memory & Standard), Type (Bucket, Bench), Trim Material (Fabric, Genuine & Synthetic Leather), Component, Vehicle Type (Ice, Electric & Hybrid), Region - Global Forecast to 2025

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Report Code
AT 3710
RI Published ON
6/22/2018
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