The Automotive Seat Market Size is estimated to grow from USD 53.7 billion in 2023 to USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period.
The automobile seating sector has been impacted by the rising demand for premium vehicles and mid- and full-size SUVs. As a result, seating systems with more sophisticated features, greater capacity, customization possibilities, and safety and comfort elements have been developed. In 2022, full-sized SUVs accounted for about 16% of all passenger cars produced, and by 2027, that percentage would rise to 3.8%, according to MarketsandMarkets’ estimate. In a similar vein, premium vehicles accounted for 2.7% of all passenger cars produced in 2019 and continued to rise, contributing 3.4% in 2022. China, the US, Germany, Japan, and the UK are the countries where SUVs and luxury automobiles are growing the most; as a result, these nations could be potential markets for car seats in the years to come.
The car seat technology that is expanding the fastest is powered seats.
With a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030, powered seats are the technological market with the quickest rate of growth. Typically, these seats are positioned in the car’s first row. The main explanation is that, in contrast to other technologies like massage, memory, heated/ventilated seats, etc., this is one of the more fundamental ones. SUVs are recognized for their roomy interiors and elevated seating positions, which frequently call for adjustable seats to suit drivers and passengers of various heights and preferences. This is the main factor driving the rise of this technology. Basic powered seats with only a few adjustments (fore and aft, up and down, and recline) are typically found in entry-level or mid-segment cars.
Mid-segment cars, on the other hand, have seats with intermediate power (additional changes, like headrest position and lumbar support). Power seats in high-end vehicles can also be heated, ventilated, and massaged. The demand for powered seats is expected to increase in the upcoming years due to consumers’ preference for compact and mid-size cars over hatchbacks. Europe is predicted to have the fastest-growing market for powered seats, while Asia Pacific is anticipated to have the largest market.
The Hyundai Tucson, Kia Sportage, Toyota RAV4, Honda CR-V, and Mazda CX-5 are among the models that have powered seats. Many automakers are including these powered seats as standard or optional features in their cars, and their popularity is only anticipated to increase in the years to come because they provide a number of benefits over conventional seats.
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By 2030, steel is anticipated to account for the greatest portion of the automobile seat frame material market.
The most common steel profile for seat chassis construction is St-37, which has a thickness of 2.5 mm. Typically composed of St-37 sheet metal and welded to the seat chassis, the beam supports the seat construction and maintains it fastened to the car’s underneath. In addition to its capacity to be molded, steel offers strength and durability, cost-effectiveness, and is ideal for mass production because to its ease of form, stamping, and welding. The primary factor is its crashworthiness, which improves vehicle occupant safety by absorbing and distributing impact forces during a collision thanks to its high energy-absorbing capacity. In addition, steel is the most appropriate material because it is inexpensive, lightweight, and recyclable. Steel and advanced high-strength steel are anticipated to be the most popular materials for car seat structures given all of these advantages.
The market for car seats is thought to be dominated by the Asia Pacific area.
China, India, Japan, and other nations are major contributors to the automobile sector, which is dominated by the Asia Pacific area. Strong economic growth and rising earnings are characteristics of these markets, which raise demand for passenger cars. Asia-Pacific is home to a number of major auto seat manufacturers, such as Lear Corporation, Faurecia, and Johnson Controls. The necessity for car seats is fueled by the region’s sizable customer base and growing demand for both passenger and commercial cars.
For the production of automobile seats, the Asia Pacific area offers cost advantages. Automobile seat manufacturers are drawn to establish regional production facilities due to its comparatively lower labor and production costs. In Hefei City, the provincial capital of Anhui, Shenzhen Faurecia Automotive Parts Co., Ltd., a joint venture between Faurecia and BYD, for example, built its sixth factory at Xiatang Industrial Park in September 2022. This expansion and cost-competitiveness have helped the Asia Pacific market grow. Asia Pacific’s local seat suppliers and manufacturers improve the region’s standing in the marketplace. By meeting the needs of local automakers, these producers give them a competitive edge in terms of cost, supply chain, and personalization choices.
In 2022, the top 10 nations accounted for 80% of the world’s automobile production, according to OICA. About 34% of the world’s automobile manufacture comes from China. SUVs and premium automobiles account for around 49% and 14% of all car sales in China, respectively. A study by the China Association of Automobile Manufacturers (CAAM) projects that the country’s SUV market would expand at a compound annual growth rate (CAGR) of 8.7% between 2022 and 2027. Due to the abundance of reasonably priced 7-seater and 5-seater SUVs in China, a wider spectrum of customers can now purchase them. SUVs are growing in popularity in cities because of its connected technologies, comfortable seats, and other characteristics. Significant contributions to the global auto industry are also made by nations like Japan and India, which in 2022 produced 9.1 million cars compared to 3.2 million in India. As a result, Japan is now the world’s third-largest automaker and India is the fifth. Premium car seats are in high demand because Asia Pacific is home to some of the biggest automakers in the world, including Toyota, Honda, and Hyundai. These companies are continuously increasing their manufacturing capacity and meeting the growing demand for opulent and comfortable cars.
Key Players
Prominent companies include Adient Plc (US), Faurecia (France), Lear Corporation (US), Toyota Boshoku Corporation (Japan), and Magna International (Canada) are the leading manufacturers of automotive seats in the global market.
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