Rising Adoption Towards Luxury And Comfort To Drive The Automotive Seats Market Growth

Automotive Seats Market Size, Share, Trends, Growth, Analysis, Research

Global Automotive Seats Market: Key Highlights

  • According to the new market research report "Automotive Seats Market by Type (Split Bench, Bucket Seats, Folding Seats, and Others), by Components (Headrest, Armrest, Backrest, Height Adjuster, Front Seat Towel Bar, Seat Belts, Seat Tracks, Seat Recliner, Seat Frame and Others), by Material (Metal, Leather, Fabrics Polyester & Nylon, Vinyl, and Others), by Technology (Standard Seats, Heated and Ventilated Seats, Massage Seats, Power Seats, and Others), by Vehicle Type (Passenger Cars, Light-Duty Vehicle and Heavy-Duty Vehicle ), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2019 to 2027)”, the global automotive seats market is estimated to reach around USD 80.5 Billion by 2027 at a CAGR of around 3.1% during the review period.
  • Rising adoption towards luxury and comfort is a key factor to propel the demand for the automotive seats market
  • However, fluctuating raw material prices remain a major restraining factor for the market growth

 Automotive Seats Market

Global Automotive Seats Market: Key Market Dynamics

  • To produce efficient vehicles, automotive manufacturers are focusing more on using lightweight materials. Thus, increasing demand for lightweight materials is expected to drive the automotive seats market during the assessment period.
  • Luxury modifications have been introduced such as powered and heated seats into seating systems for the customers to have a better experience. Luxury and comfort is an important factor for customers to purchase any vehicle which is indirectly propelling automotive seats market.
  • The growing innovation of seating technology for smart vehicles is anticipated to boost the automotive seats market in the future.
  • Sustaining a balance between customer's preference and cost of production is likely to act as a challenge for market growth.

Global Automotive Seats Market: Regional Overview

  • Asia-Pacific

The growth in the Asia-Pacific region is attributed to the rising adoption towards luxury and comfort and increasing demand for advanced seat technology. This region has witnessed high usage of advanced seats due to the adoption of smart vehicles, owing to the shifting preference toward premium cars and rising per capita income in countries such as Japan, South Korea, and China which are expected to boost the growth for the automotive seats market.

  • Europe

In Europe, the increasing vehicle production and customers liking towards high-end vehicles using advanced seats and safety systems along with flashy interiors have boosted automotive seats market growth. Europe witness a high demand for heated seats. Heated seats have a heating element placed inside them to warm the cushion and thus, provide comfortable seating during winters. Rising sales of premium and luxury cars is expected to boost the demand for heated seats, which in turn is likely to propel the automotive seats market.

Global Automotive Seats Market: Key Players Overview

  • Adient plc:

Adient plc is an Irish-Based company that manufactures and designs automotive seats systems and components. In January 2020, Adient plc and Yanfeng Automotive Interiors company extended their agreement for the joint venture Yanfeng Adient Seating Co., Ltd.’s (YFAS), till December 2038. The company sold its intellectual property and certain mechanisms business patents used in its seating business to Adient Yanfeng Seating Mechanisms Co., Ltd. (AYM).

  • Faurecia:

Faurecia company manufactures automotive parts and design vehicle interiors with emission control technology. The company offers trim covers, electronic and pneumatic systems, frames, head restraints, foam pads, cockpits, door panels, modules, enter consoles, control technology tools, and decorative components. In March 2018, Faurecia won a contract to provide seating for BMW AG company. The agreement includes frames, covers, and foams with just-in-time seating assembly for seven models, seat structures for 10, including Minis and the BMW 2 series.

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Published : 2020-06-02