Automotive
Seat Market Overview:
The Automotive Seat Market is estimated to grow
exponentially with the increasing vehicle production globally. The increased
use of seating solutions in all types of vehicles leads to the growth of the
market. Besides, growing technological advances and developments in lightweight
seats providing increased comfort and safety for the riders substantiate the
size of the market.
Automakers are
focusing on the development of lightweight interior parts to improve fuel
efficiency. The innovation made in the vehicle seats results in the growth of
the market. Leading suppliers of seat structures bring advanced manual and
power adjuster technology and comfort components to the table, creating
intelligent concepts for the vehicle interior.
These suppliers
also use software and sensorics to connect mechatronic components. They strive
to gain comprehensive expertise in development, assembly and logistics for
complete seat systems and metal structures. COVID-19 temporarily halted the
automotive seat industry; however, the automotive industry showing positive
trends in recent years significantly influenced the financial results in 2020
and improved margins.
Despite the
complex situation, in 2024, the Automotive Seat Market maintained its position
in several countries across the globe. In this regard, Market Research Future
(MRFR), a renowned research firm, states that the global Automotive Seat Market
would garner exponential accruals by 2032, registering an impressive CAGR
throughout the review period.
Major
Players
Players active
in the global Automotive Seat Market include Lear Corporation (U.S.), Johnson
Controls (U.S.), Faurecia (France), TS Tech Co. Ltd (Japan), Toyota Boshoku Corporation
(Japan), IFB Automotive (India), DURA Automotive Systems (U.S.), Magna
International Inc. (Canada), Aktis Engineering Solutions (India), Tata Autocomp
Systems Limited (India), Fisher and Company (Austria), Marter Automotive
Seating Systems (Turkey), TM Automotive Seating Systems Private Limited
(India), Grammer Seating Systems (Germany), and RECARO Automotive (Germany), among
others.
Industry/Innovation/Related
News:
March
26, 2021 ---- The Brose Group and Volkswagen AG signed an
agreement to establish a joint venture (JV) to develop and manufacture complete
seats, seat structures, and components, along with other vehicle interior
solutions.
Through this
deal, Brose acquires half shares of Volkswagen subsidiary SITECH. Both
companies would hold an equal (50%) share of the planned JV. The parties have
agreed that Brose would take over the industrial leadership and consolidate the
JV for accounting purposes. The transaction would be completed post antitrust
law approvals and other standard closing conditions.
Automotive Seat Market -
Segments
The Automotive
Seat Market analysis is segmented into type, material, technology, vehicle
type, and region. The type segment is sub-segmented into bench, bucket,
folding, and others. Among these, the sub-segment bench type seat segment
accounts for the largest market share.
The technology
segment is sub-segmented into powered, heated, powered & heated, and
standard. Among these, the sub-segment powered & heated technology accounts
for the largest market share. Heated seats are mainly
installed in high-end cars. By regions, the market is sub-segmented into the
Asia Pacific, Americas, Europe, and rest-of-the-world.
Global Automotive Seat Market
- Geographical Analysis
Asia Pacific
dominates the global Automotive Seat Market, heading with the growing demand
for hybrid and electric vehicles in emerging APAC countries, such as India,
China, and Japan. The region witnesses the highest production of passenger and
commercial vehicles, driving the growth of the market. Moreover, the demand for
the installation of seats with the latest technology increased the region's
market share.
Europe holds the
second-biggest share in the global Automotive Seat Market due to the increase
in the demand for high-end cars. High-end cars are fitted with updated styled
and revised tech seating, will which results in increased market size.
Additionally,
the augmenting demand from luxury or premium cars and the presence of SUV
makers in the region define the growing market landscape. Besides, major
automakers such as Audi, BMW, Porche, and Lamborghini in the UK, Germany, and
France drive Automotive Seat Market growth.
North America
is the third-largest market for automotive seats globally. Stringent safety
norms and increasing awareness about vehicle safety push the growth of the
market. Furthermore, huge numbers of technological advancements and OEM and
aftermarket parts companies influence the region's market growth.
Global Automotive Seat Market - Competitive Analysis
The Automotive
Seat Market appears highly competitive, with several well-established players
forming a competitive landscape. Players focus on product development and
incorporate strategic approaches, such as collaboration, mergers &
acquisitions, product launch, and expansion to gain a larger competitive share.
They make substantial investments to drive R&D for the development of
required technologies and expansion.
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