The automotive seating accessories market size is evaluated to be worth US$ xx billion in 2023. The market is likely to surpass US$ 30.3 billion by 2033 at a CAGR of 3.5% during the forecast period. The market growth is driven mainly in emerging economies as well as developed countries. The major driving factors behind increasing demand are requirement of products which improves safety, comfort and high durability.
Automotive seating accessories have emerged as the best solution many automobile manufacturers in improving the aesthetic, comfort measures and safety.
Drivers Propelling the Demand for Automotive seating accessories include:
Challenges for Companies /Manufacturers in the automotive seating accessories Market:
Opportunities in the automotive seating accessories Industry:
Latest Trends in the automotive seating accessories Market:
Attributes | Details |
---|---|
Automotive seating accessories Market Size (2023) | US$ 21.5 billion |
Automotive seating accessories Market Projected Size (2033) | US$ 30.3 billion |
Value CAGR (2023 to 2033) | 3.5% |
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From 2018 to 2022, global automotive seating accessories market experienced a CAGR of 1.4%, reaching a market size of US$ 21.5 billion in 2023.
From 2018 to 2022, global automotive seating accessories industry witnessed steady growth in the years of 2018 and 2019. Due to COVID-19 a very sharp reduction in the sales of automobile can be observed. The unexpected closure of the automobile industry and interruption in supply chain management worldwide caused a decline in number of vehicle sales, this number started improving again by the end of the year 2021 and incremented to a significant value by the end of 2022.
Looking ahead, the global automotive seating accessories industry is expected to rise at a CAGR of 3.5% from 2023 to 2033. Market size is expected to reach US$ 30.3 billion by the end of the forecast period.
Demand is expected to continue its growth trajectory during over the coming assessment period, driven by concerns over air pollution due to ICE vehicles and the rising demand for pollution free electric battery vehicles.
The market is likely to witness significant growth in the Asia Pacific region due to predominant growth of automotive and electric vehicle industry in China and India which contributes to a huge production and sales of automobile industry. Market growth can be considerably high in Europe and America as well because of very rapidly improving infrastructure for electric vehicle industry as many countries in this region target to ban ICE vehicles completely by 2035. It will create new opportunities for accessories market as because of the increased production of electrical vehicle fleet.
Country | China |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 10.1 billion |
CAGR % 2023 to End of Forecast (2033) | 4.1% |
The automotive seating accessories industry in china is expected to reach a market share of US$ 10.1 billion by 2033, expanding at a CAGR of 4.1%. The automotive seating accessories industry in china is expected to witness growth due to the increasing focus on pollution free vehicles. Additionally, there are a few other factors expected to drive the demand for automotive seating accessories in the country are:
Country | The United States of America |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 3.4 billion |
CAGR % 2023 to End of Forecast (2033) | 3% |
The automotive seating accessories industry in the United States is expected to reach a market share of US$ 3.4 billion, expanding at a CAGR of 3% during the forecast period. The United States market is projected to experience growth owing to the rising demand for automotive seating accessories because of its heavy transformation of ICE vehicle to EV and PHEV.
Country | India |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 3.1 billion |
CAGR % 2023 to End of Forecast (2033) | 4.8% |
The automotive seating accessories industry in India is anticipated to reach a market share of US$ 3.1 billion, moving at a CAGR of 4.8 % during the forecast period. The automotive seating accessories industry in India is expected to grow prominently due to the increasing demand for vehicle caused by increasing number of shift of rural to urban population.
Country | Japan |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.7 billion |
CAGR % 2023 to End of Forecast (2033) | 2.3% |
The automotive seating accessories industry in Japan is estimated to reach a market share of US$ 1.7 billion by 2033, thriving at a CAGR of 2.3%. The growth of Japanese industry will see a constant rise due to the worldwide popularity and recognitions of brands like Toyota contributing to a major share of sales in the market.
Country | South Korea |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.2 billion |
CAGR % 2023 to End of Forecast (2033) | 2.7 % |
The automotive seating accessories industry in South Korea is expected to reach a market share of US$ 1.2 billion, expanding at a CAGR of 2.7% during the forecast period.
The seat cover segment is expected to dominate the automotive seating accessories industry with a CAGR of 3.9% from 2022 to 2033. This segment captures a significant market share in 2023 due to its cost-effectiveness, high durability, customizability and low maintenance requirements.
The seat cover segment includes a wide range of different materials and technologies like climate adjusted thermal seats. This segment also includes seat covers which provides an additional compartments for documents, laptops etc. which improves its utility.
The power generation industry is expected to dominate the automotive seating accessories industry with a CAGR of 3.9% from 2022 to 2033. This segment captures a significant market share in 2023 due to the high demand for comfort along with the visual appearance of the vehicle.
The growing spending capacity and developing material industry are primarily promoting the market growth. Automotive seating accessories are crucial part of the vehicle aesthetic which is a major deciding factor behind vehicle purchase for a potential buyer.
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The automotive seating accessories industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Many companies are put a foot forward in making intelligent seating which gives a thermal comfort by sensing the climate conditions. This type of seating facility uses the software to create personalized climate using surrounding cabin climate to deliver optimized comfort.
Key players in the industry often form strategic partnerships and collaborations with other companies to leverage their strengths and expand their reach in the market. Recent example is collaboration of Gentherm and Lear Corp. for smart seating.
The automotive seating accessories industry mainly adopts an option of joint ventures with a local player to acquire a regional market base and it also given an international exposure to the domestic player
Key Players in the Automotive Seating Accessories Industry
Key Developments in the Automotive Seating Accessories Market:
The global automotive seating accessories industry is expected to hit a value of US$ 21.5 billion by 2023.
The automotive seating accessories demand is set to expand by a CAGR of 3.5% during the assessment period.
The car seat covers followed by seat belt industry is to hold the dominant share of the market.
The market is predicted to exceed US$ 30.32 billion by 2033.
China offers key opportunities for new entrants in the automotive seating accessories industry.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Macroeconomic Factors 3.4. Forecast Factors 3.5. Value Chain Analysis 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 4.1. Introduction / Key Findings 4.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2018 to 2022 4.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2023 to 2033 4.3.1. Car Seat Covers 4.3.1.1. Conventional Materials 4.3.1.2. Synthetic Materials 4.3.2. Seat Accessories 4.3.2.1. Front Seat 4.3.2.2. Rare Seat 4.3.3. Seat belts 4.3.4. Hand Rests 4.3.5. Alarms and Controls 4.3.6. Baby Seat and Child Lock 4.3.7. Coat Hangers 4.3.8. Cup Holder, Laptop Compartment and Other Accessories 4.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 4.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Vehicle Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Vehicle Type, 2023 to 2033 5.3.1. Passenger Car 5.3.1.1. Compact 5.3.1.2. Hatchback 5.3.1.3. SUVs 5.3.1.4. Luxury 5.3.2. Light Commercial Vehicle 5.3.3. Heavy Commercial Vehicle 5.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Sales Channel, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Sales Channel, 2023 to 2033 6.3.1. Direct Sales through OEM 6.3.2. Indirect Third Party Sales 6.3.2.1. Spciality Stores 6.3.2.2. Online Stores 6.3.2.3. Online Sales 6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. East Asia 7.3.6. South Asia 7.3.7. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Product Type 8.2.3. By Vehicle Type 8.2.4. By Sales Channel 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Type 8.3.3. By Vehicle Type 8.3.4. By Sales Channel 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Argentina 9.2.1.4. Rest of Latin America 9.2.2. By Product Type 9.2.3. By Vehicle Type 9.2.4. By Sales Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Vehicle Type 9.3.4. By Sales Channel 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. Italy 10.2.1.3. France 10.2.1.4. U.K. 10.2.1.5. Spain 10.2.1.6. Nordics 10.2.1.7. BENELUX 10.2.1.8. Rest of Europe 10.2.2. By Product Type 10.2.3. By Vehicle Type 10.2.4. By Sales Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Vehicle Type 10.3.4. By Sales Channel 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Hungry 11.2.1.3. Romania 11.2.1.4. Czech Republic 11.2.1.5. Rest of EE 11.2.2. By Product Type 11.2.3. By Vehicle Type 11.2.4. By Sales Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Vehicle Type 11.3.4. By Sales Channel 11.4. Key Takeaways 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Indonesia 12.2.1.5. Rest of South Asia 12.2.2. By Product Type 12.2.3. By Vehicle Type 12.2.4. By Sales Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Vehicle Type 12.3.4. By Sales Channel 12.4. Key Takeaways 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. ASEAN 13.2.1.3. ANZ 13.2.1.4. Rest of SAP 13.2.2. By Product Type 13.2.3. By Vehicle Type 13.2.4. By Sales Channel 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Vehicle Type 13.3.4. By Sales Channel 13.4. Key Takeaways 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. Turkeye 14.2.1.3. North Africa 14.2.1.4. South Africa 14.2.1.5. Rest of MEA 14.2.2. By Product Type 14.2.3. By Vehicle Type 14.2.4. By Sales Channel 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By Vehicle Type 14.3.4. By Sales Channel 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. China 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Product Type 15.1.2.2. By Vehicle Type 15.1.2.3. By Sales Channel 15.2. Value (US$ Million) & Volume (Tons)ed States 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Product Type 15.2.2.2. By Vehicle Type 15.2.2.3. By Sales Channel 15.3. India 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Product Type 15.3.2.2. By Vehicle Type 15.3.2.3. By Sales Channel 15.4. Japan 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Product Type 15.4.2.2. By Vehicle Type 15.4.2.3. By Sales Channel 15.5. South Korea 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Product Type 15.5.2.2. By Vehicle Type 15.5.2.3. By Sales Channel 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product Type 16.3.3. By Vehicle Type 16.3.4. By Sales Channel 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. T.S. tech co. ltd. 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.1.5.4. Overview0 17.1.2. Aisin 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.2.5.4. Overview0 17.1.3. Toyota boshoku 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.3.5.4. Overview0 17.1.4. Adient, 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.4.5.4. Overview0 17.1.5. Lear Corporation 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.5.5.4. Overview0 17.1.6. Aptiv 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.6.5.4. Overview0 17.1.7. Autoliv 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.7.5.4. Overview0 17.1.8. Denso Corporation 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.8.5.4. Overview0 17.1.9. Toshiba Corporation 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.9.5.4. Overview0 17.1.10. Robert Bosch 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.10.5.4. Overview0 17.1.11. Goodbaby international Holdings 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.11.5.4. Overview0 17.1.12. Newell brands 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 17.1.12.5.4. Overview0 17.1.13. RECARDO holdings Gmbh 17.1.13.1. Overview 17.1.13.2. Product Portfolio 17.1.13.3. Profitability by Market Segments (Product/Age /Sales Channel/Region) 17.1.13.4. Sales Footprint 17.1.13.5. Strategy Overview 17.1.13.5.1. Marketing Strategy 17.1.13.5.2. Product Strategy 17.1.13.5.3. Channel Strategy 17.1.13.5.4. Overview0 17.1.14. Company20 18. Assumptions & Acronyms Used 19. Research Methodology
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