Automotive Seats Market - Forecasts to 2026 | GlobalMarketEstimates
Automotive Seats Market Insights
The global automotive seats market is estimated to witness a significant CAGR during the forecast period (2019-2026). The market for automotive seats is anticipated to grow with increase average drive time spent in the vehicles. Demand for comfortable seats and reduction in vehicle’s weight are also some of the factors which will propel the growth of the automotive seats market. One of the major factor which will spur the automotive seats market is stylish interior. High cost of manufacturing and balance between advanced & modular seats & customer perceived value are like to restrain the market growth.
Automotive Seats Markets: By Material
The global automotive seats market on the basis of material is segmented as fabric, genuine leather, and synthetic leather. The synthetic leather segment is expected to hold the largest market share owing to light weighing property and durability of the material. The cost of synthetic leather is also less as compared to genuine leather and fabric. The genuine leather is expected to grow at high CAGR during the forecast period owing to the smooth texture and eco-friendly property of the product.
Automotive Seats Markets: By Technology
The global automotive seats market on the basis of technology is segmented as heated seats, heated & powered seats, massage seats, memory seats, powered seats, standard seats, and ventilated seats. The powered seats segment is expected to hold the largest market share as they can be adjusted by using a switch or joystick which is easy to control. The powered seats can be easily raised or lowered and also be tilted to suit the comfort of the passenger. The ventilated seats segment is expected to grow during the forecast period as they direct air through the seats for increased comfort during long journeys.
Automotive Seats Markets: By Component
On the basis of component, the global automotive seats market is segmented into armrest, pneumatic system, seat belt, seat frame & structure, seat headrest, seat height adjuster, seat recliners, and seat track. The seat belt segment is projected to hold the largest market share due to increase demand in the safety of the passengers in case of an accident. Stringent traffic rules regarding seat belt laws is also one of the main reason for the growth of seat belt segment. The armrest segment is expected to grow due to increase demand for luxurious and comfortable seats in vehicles.
Automotive Seats Market: By Vehicle Type
On the basis of vehicle type, the global automotive seats market is segmented into passenger car, light commercial vehicles, heavy trucks, buses, and electric & hybrid vehicle. The passenger car segment is expected to hold the largest market share during the forecast period. Increasing disposable income and demand for luxurious cars is expected to spur the passenger car segment. The sale of passenger car was 22.70 million in Europe in the year 2018. The light commercial vehicles segment is also expected to increase during the forecast period owing to increase in logistics industry.
Automotive Seats Market: By Region
Asia Pacific is expected to hold the largest market share for the automotive seats market, owing to abundance of cheap labour, and ease in the availability of raw materials used in making seats. The presence of leading seat manufacturers in the region including Toyota Boshoku Corporation, TS Tech Co., Ltd. and DURA Automotive Systems among others are influencing the market growth. North America is also expected to witness growth in the automotive seats market owing to demand for electric and hybrid vehicles in the region. The market of Automotive Seats is also expected to grow in Middle East and Africa region owing to increase in purchase of luxury passenger vehicles.
Automotive Seats Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Honda, General Motors, and Ferrari among others.
Automotive Seats Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Automotive Seats Market: Share & Competitor Analysis
Some of the key players operating in the automotive seats market are Adient, Lear Corporation, Faurecia., Nhk Spring, Gentherm, Toyota Boshoku, Magna International, Aisin Seiki, TS Tech, And Tachi-S among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2017, Lear Corporation acquired Xevo which is a leading automotive supplier which develops solutions for car, cloud and software
In March 2017, Toyota Boshoku crafted seats and interior components with cutting-edge designs and functionality for the new Lexus LC Luxury Coupe
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The global Automotive Seats Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Automotive Seats Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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