The automotive seats market reached a valuation of US$ 51.48 Billion by 2021, and is likely to register a Y-o-Y growth rate of 3.0% in 2022, closing at US$ 53.33 Billion. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 3.6% CAGR, reaching US$ 75.96 Billion.
Factors such as the rise in sales of luxurious vehicles in developing countries, increase in need for climate-controlled seat technology, and surge in need for lightweight seat frames are expected to boost the growth of the automotive seat market over the analysis period.
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Automotive Seats Market- Competitive Landscape
Prominent players in the Automotive Seats Industry are taking advantage of the rapidly increasing demand for the Automotive Seats in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:
- In January 2022, Toyota Boshaku Corporation, a Japanese automotive component manufacturer, developed seats with an electric retraction mechanism and other interior components for LEXUS NX. The seats also feature improved cushioning that distributes body pressure in the buttocks area for better comfort.
- In September 2021, Faurecia, a leading automotive supplier, in partnership with a steel manufacturing and processing company, SSAB, developed new ultra-low CO2 seat structures. Faurecia aimed to test and industrialize these seats owing to the increasing focus on sustainability across the world.
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Key Companies Profiled:
- Fisher and Company
- RECARO Automotive
- TM Automotive Seating Systems Private Limited
- Lear Corporation
- Tata Autocomp Systems Limited
- Faurecia
- Grammar Seating Systems
- Toyota Boshoku Corporation
- Johnson Controls
- Marter Automotive Seating Systems
- TS Tech Corporation Ltd.
- Aisin Seiki Co. Ltd.
- Tachi-S Co. Ltd.
- NHK Spring Co. Ltd.
Key Segments Covered in the Automotive Seats Industry Survey
- By Vehicle Type :
- Commercial Vehicles
- Passenger Vehicles
- By Technology :
- Powered Seats
- Ventilated Seats
- Heated Seats
- Standard Seats
- Memory Seats
- Massage Seats
- By Material :
- Genuine Leather
- Synthetic Leather
- Fabrics
- By Seat Type :
- Bench
- Bucket
- Folding
- Split Bench
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Questionnaire answered in the Automotive Seats Market report include:
- How the market for Automotive Seats has grown?
- What is the present and future outlook of the global Automotive Seats on the basis of region?
- What are the challenges and opportunities for the Automotive Seats?
- Why the consumption of Automotive Seats highest in region?
- In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
- Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Automotive Seats market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Automotive Seats market, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Automotive Seats market and assists to create strategies to overcome the obstacles that may hinder the growth of the Automotive Seats market.
- Leverage: The Automotive Seats market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Automotive Seats market.
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