Automotive Seats Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Automotive seats are designed with a certain inclination angle to minimize the impact of a collision. These seats provide a safer ride and are beneficial for children. The automotive seats are used by an individual for the comfort of driving the vehicle.

Sizing and Forecast
The automotive seats market size has grown strongly in recent years. It will grow from $70.09 billion in 2023 to $74.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing demand for cars, government regulations and safety standards, changes in consumer preferences and tastes, fluctuations in fuel prices, growing popularity of ride-sharing services.

The automotive seats market size is expected to see strong growth in the next few years. It will grow to $95.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to integration of smart and connected features in seats, adoption of sustainable and recyclable materials, emphasis on ergonomic and health-focused designs, advanced seat heating and cooling technologies, integration with autonomous vehicle features. Major trends in the forecast period include adjustable and adaptive seating configurations, lightweight and high-performance seat materials, in-seat biometric and health monitoring systems, personalization and customization options, development of zero gravity and zero fatigue seat designs

 

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Segmentation & Regional Insights
The automotive seats market covered in this report is segmented –

1) By Seat Type: Bucket Seat, Split Bench
2) By Vehcile Type: Passanger Car, Light Commercial Vehicles, Heavy Trucks, Bus
3) By Trim Material: Fabric, Synthetic Leather, Genuine Leather

Asia-Pacific was the largest region in the automotive seats market in 2023, and it is expected to be the fastest-growing region in the automotive seats market during the forecast period. The regions covered in the automotive seats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The growing popularity of autonomous vehicles is expected to propel the growth of the automotive seats market going forward. An autonomous vehicle is a motor vehicle that can operate without the assistance of a human driver. The increasing popularity of autonomous vehicles is expected to boost demand for the automotive seat, as the design and functioning of seats play a crucial role in autonomous vehicles. For instance, in 2021, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, data, the number of SUVs on the road worldwide climbed by more than 35 million in 2021. SUVs account for more than half of all cars sold in the US and Europe. SUVs are expected to account for almost 45 % of worldwide vehicle sales in the coming years. Therefore, the growing popularity of autonomous vehicles is expected to boost demand for automotive seats during the forecast period.

Key Industry Players
Major companies operating in the automotive seats market report are Adient plc, Lear Corporation, FORVIA Faurecia, Toyota Boshoku Corporation, Magna International Inc., Grupo Antolín-Irausa S. A., Panasonic Corporation, Hyundai Mobis Co., Visteon Corporation, Grammer AG, TS Tech Co. Ltd., Aisin Seiki Co. Ltd., Tachi-S Co. Ltd., Gentherm Incorporated, Brose Fahrzeugteile GmbH & Co. KG, NHK Spring Co. Ltd., Johnson Controls International plc, Keiper Recaro Group, Sitech Sitztechnik GmbH, Guelph Manufacturing Group, Inteva Products LLC, Futuris Automotive Pty Ltd., Adomani Inc., Dura Automotive Systems, Martur Automotive Seating Systems, Sharda Motor Industries Ltd., TATA AutoComp Systems Ltd., Wuhu Bethel Automotive Safety Systems Co. Ltd., Zhejiang Jujin New Energy Automobile Co. Ltd., Faurecia Automotive Industrie

The automotive seats market report table of contents includes:

1. Executive Summary

2. Automotive Seats Market Characteristics

3. Automotive Seats Market Trends And Strategies

4. Automotive Seats Market – Macro Economic Scenario

5. Global Automotive Seats Market Size and Growth

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31. Global Automotive Seats Market Competitive Benchmarking

32. Global Automotive Seats Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive Seats Market

34. Automotive Seats Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Adient plc, Lear Corporation

FORVIA Faurecia

Magna International Inc

Grupo Antolín-Irausa S. A

Panasonic Corporation

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