In the year 2022, the global automotive seating systems market was valued at a total of USD 65,462.4 million.
It is anticipated that the global market is likely to expand at a healthy CAGR of 3.10% between the years 2022 and 2032, ultimately reaching a total of approximately USD 88,833.9 million by the year 2032.
The growth in the automotive seating systems market is being driven by:
Attribute | Details |
---|---|
Automotive Seating Systems Market Size (2022) | USD 65,462.4 Million |
Automotive Seating Systems Market Revenue Forecast (2032) | USD 88,833.9 Million |
Automotive Seating Systems Market Growth Rate (2022 to 2032) | 3.10% CAGR |
North America Market Share | 19% |
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Increasing global warming at high temperatures makes it even more difficult for people to travel in vehicles. This affects both the people driving and those riding in vehicles. It is anticipated that automotive seating systems market players are likely to incorporate new technology in response to the growing number of climate and environmental concerns.
For instance, if a passenger automobile is kept in the sun all day, the heat that is trapped inside the vehicle will make it unpleasant for both the passenger and the driver to sit inside the vehicle.
However, developments in technology have led to the creation of climate-controlled seating technology in car seats, which enables customers to rapidly cool their seats whenever they want to. In order to accomplish this goal, these seats were designed with perforated inserts that had built-in chillers and fans.
In a similar fashion, the chairs include built-in heaters that are based on cloth, which are helpful when the weather is chilly. As a result, there is an increasing emphasis placed on the provision of automotive seating system seats with climate control.
Massage seats are often only available in higher-end vehicles sold by original equipment manufacturers (OEMs), although powered, heated, and ventilated applications are now commercialized and utilized in a wide variety of cars that fall into more reasonable price ranges.
For example, car original equipment manufacturers (OEMs) including Mercedes-Benz, BMW, Jaguar, and Cadillac offer massage seats for the front passengers of their vehicles.
For example, in February 2022, Kia introduced the new cheap MPV Carens in the Indian automotive seating systems market. It featured front seats with ventilation.
The current state of the technology enables an almost infinite number of possibilities for the development of intelligent seating solutions. The difficulty of improving the user experience while also keeping up with the demands of modern living compels developers, manufacturers, and businesspeople to focus on satisfying the requirements of their clients. This trend is increasing the demand for automotive seating systems.
Reconfigurable Seats: Having seats that can be rearranged in the car is a more efficient use of space than having them remain in their current position. Seats can be swiveled to facilitate conversation between passengers using a smart device, or they can be folded up and put away to make more room.
If the seats are movable and adjustable in such a way that they can be stored in such a way as to make the floor of the vehicle roomier, then transporting products is anticipated to go off without a hitch. When cargo rather than passengers are being transported, simple access to the additional room is made possible by a level surface.
Seats that Come Equipped with Various Features - People can now have access to automotives that have automotive seating systems that they can command to provide them a diversion when they feel drowsy, provide them with a message when they need to relax or provide them with the ability to modify the air and heating so that they feel comfortable.
The design, price, and features of automobiles differ from one another. Premium vehicle seating systems are costlier and have sophisticated features such as automatic heating. Various manufacturers are creating and producing automotive seating systems that utilize smart technologies and augmented security features to reduce vulnerability in the event of an accident.
The new designs of automotive seating systems also strengthen vehicle fuel efficiency through lightweight design. Furthermore, driving safety concerns and a rise in demand for premium vehicles and economy cars in developing countries such as India and Brazil will provide opportunities for the global automotive seating systems market. Over the forecast period, the global automotive seating systems market will expand at a moderate CAGR.
As per Future Market Insights, the global demand for Automotive Seating Systems is anticipated to grow at a healthy CAGR of 3.10% during the forecast period between 2022 and 2032, in comparison to the 2.10% CAGR registered from 2016 to 2021. The global automotive seating systems market is primarily driven by the automotive sector's development, with new vehicle rollouts in the market and consumer consumption for comfortable and lavish seating.
The Environmental Protection Agency's greenhouse gas emission regulations are also driving demand for lightweight automotive seating systems, which is customer satisfaction in the global automotive seating systems market. Over the years, a dramatic shift in preference for larger vehicles has nearly doubled the share of SUVs. According to the IEA, the number of SUVs on the world's roads increased by more than 35.5 million by 2021. India's SUV sales are currently lower in comparison to Western countries.
OEMs, on the other hand, are debuting compact SUVs in the mid-price range, which is attracting buyers. As a result, the Indian market is gravitating toward compact SUVs, which are more cost-effective than full-size SUVs. As a result, the rising adoption of powered seats in cars and SUVs is propelling the market growth.
The cost reduction challenge associated with developing and manufacturing automotive seating systems may create obstacles to the market's growth in the forthcoming years 2022 to 2032.
Customers' rising preference for luxurious and comfortable features puts additional pressure on automotive OEMs to cut production costs. The market's challenging factor is the limited range of materials, production, cost, and complex manufacturing process of cost-effective, high-quality seats.
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The Asia-Pacific segment is anticipated to grow rapidly during the forecast period, as manufacturers actively founded in emerging countries such as India and China to capitalize on low labor costs. This trend may alter the industry's dynamics in the long run, and seat manufacturers may be forced to demonstrate facilities in these emerging markets in order to compete.
Customers' aspiration for technologically sophisticated features is expected to drive demand for powered and heated seats in this region. China, as the global automotive manufacturing hub, has a significant number of industry participants, with the majority of foreign industry leaders forming joint ventures with local industry players.
Over the forecast period, the Europe automotive seating system market will grow at a 5.5% CAGR (2022 to 2032). Europe is accounting for a market share of 25% of the global automotive seating system market. Germany is a major market not only in Europe but also globally.
The vast majority of seats in Europe are imported from other European countries, with Germany being the widest seat producer and France being the largest seat importer.
The growing production of electric vehicles is anticipated to boost demand in the European automotive seat industry. Ventilated seats, which are used in electric vehicles, may witness an increase in demand in the coming years as more people continue to procure electric vehicles.
Top-tier firms are making significant investments in the Research and Development of automotive seats in order to fulfill demand by providing the most up-to-date aspects. Furthermore, self-driving cars are transforming seating arrangements and car interiors.
For example, Lear and Gentherm will launch INTUTM Thermal Comfort Seating with ClimateSenseTM Technology in August 2020. The system's intelligent software aims to create an ideal personal climate by implementing ambient cabin conditions to provide optimal comfort.
The North American automotive seating system market is expected to grow steadily due to factors such as rising demand for premium automotive accessories, technological advancements in the automotive industry, and the region's expansion of vehicle types.
The North American market for automotive seating systems is assumed to grow at a CAGR of 1.7% between 2022 and 2032. North America is accounting for a market share of 19% of the global automotive seating system market.
The advanced economies evaluated in the North American automotive seating system market study are the USA and Canada. Commercial vehicles, such as vans, buses, and pick-up trucks, monopolize the automotive industry in North America. Furthermore, the country has the largest market for luxury vehicles.
Because it offers both temperature control and power capability, the powered & heated sector is expected to dominate the global market in the coming years. Heated seats are prevalent in luxury vehicles, which contribute significantly to the market's growth.
Recently, the bench seat segment has commanded the highest market share for accommodating two people. As a result, it is used in a broad spectrum of products, including commercial and passenger vehicles, bolstering market growth over the forecast period.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
Some of the leading Automotive Seating Systems device manufacturers include Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc., and IFB Automotive among others.
These key Automotive Seating Systems system providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global Automotive Seating Systems market. For instance,
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 3.1% from 2022 to 2032 |
Market Value in 2022 | USD 65,462.4 Million |
Market Value in 2032 | USD 88,833.9 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
Vehicle Type, Seat Type, Distribution Channel, Technology, Region |
Regions Covered |
North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled |
United States of America, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled |
Johnson Controls Inc.; Faurecia SA; Marter Automotive Seating Systems; Toyota Boshoku Corporation; Lear Corporation; Magna International Inc.; IFB Automotive |
The global Automotive Seating Systems market reached USD 65,462.4 Million in 2022.
As per FMI, the Automotive Seating Systems industry is expected to grow at a CAGR of 3.10%.
The global sales of Automotive Seating Systems systems are anticipated to total a valuation of USD 88,833.9 Million by 2032.
Some of the leading manufacturers include Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc., and IFB Automotive among others.
1. Executive Summary | Automotive Seating Systems Market 2. Market Overview 3. Market Background 4. Global Market Pricing Analysis 5. Global Market Analysis (2016 to 2021) and Forecast (2022 to 2032) 6. Global Market Analysis (2016 to 2021) and Forecast (2022 to 2032), by Vehicle Type 6.1. Automotive Seating System Vehicle Type Definition 6.1.1. Passenger Cars 6.1.2. Light Commercial Vehicle 6.1.3. Heavy Commercial Vehicle 6.2. Market Key Findings, by Vehicle Type 6.2.1. Absolute $ Opportunity (2022 to 2032) 6.2.2. Market Share and BPS Analysis 6.2.3. Y-o-Y Growth Projections 6.2.4. Market Attractiveness Analysis 7. Global Market Analysis (2016 to 2021) and Forecast (2022 to 2032), by Seat Type 7.1. Automotive Seating System Seat Type Definition 7.1.1. Split Seat 7.1.2. Bench Seat 7.1.3. Split Bench Seat 7.2. Market Key Findings, by Seat Type 7.2.1. Absolute $ Opportunity (2022 to 2032) 7.2.2. Market Share and BPS Analysis 7.2.3. Y-o-Y Growth Projections 7.2.4. Market Attractiveness Analysis 8. Global Market Analysis (2016 to 2021) and Forecast (2022 to 2032), by Distribution Channel 8.1. Automotive Seating System Distribution Channel Definition 8.1.1. OEM 8.1.2. Aftermarket 8.2. Market Key Findings, by Distribution Channel 8.2.1. Absolute $ Opportunity (2022 to 2032) 8.2.2. Market Share and BPS Analysis 8.2.3. Y-o-Y Growth Projections 8.2.4. Market Attractiveness Analysis 9. Global Market Analysis (2016 to 2021) and Forecast (2022 to 2032), by Technology 9.1. Automotive Seating System Technology Definition 9.1.1. Heated 9.1.2. Powered 9.1.3. Powered & Heated 9.1.4. Standard Type 9.2. Market Key Findings, by Technology 9.2.1. Absolute $ Opportunity (2022 to 2032) 9.2.2. Market Share and BPS Analysis 9.2.3. Y-o-Y Growth Projections 9.2.4. Market Attractiveness Analysis 10. Global Market Analysis (2016 to 2021) and Forecast (2022 to 2032), by Region 10.1. North America 10.2. Europe 10.3. East Asia 10.4. South Asia 10.5. Latin America 10.6. Middle East & Africa 10.7. Oceania 11. North America Market Analysis and Forecast 12. Europe Market Analysis and Forecast 13. East Asia Market Analysis and Forecast 14. South Asia Market Analysis and Forecast 15. Latin America Market Analysis and Forecast 16. Middle East & Africa Market Analysis and Forecast 17. Oceania Market Analysis and Forecast 18. Global Market Analysis Key Countries 19. Competition Landscape 20. Competition Analysis 20.1. Johnson Controls Inc. 20.2. Faurecia SA 20.3. Marter Automotive Seating Systems 20.4. Toyota Boshoku Corporation 20.5. Lear Corporation 20.6. Magna International Inc. 20.7. IFB Automotive 21. Appendix 22. Definitions of Analytical Frameworks 23. Sources and References
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