Automotive Seats Market Size to grow by USD 18.28 billion between 2024-2028
According to a research report “ Automotive Seats Market” by Application (Passenger cars, Commercial vehicles) Type (Bucket, Bench) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 18.28 billion, at a CAGR of 4.9% during the forecast period. In the automotive industry, the adoption of lightweight seats is a strategic initiative for electric vehicle (EV) manufacturers. These seats contribute significantly to the reduction of overall vehicle weight, thereby enhancing the energy efficiency of EVs. By reducing weight, EVs can achieve improved mileage on a single charge, addressing a key concern for consumers opting for electric mobility. Furthermore, regulatory compliance with stricter fuel efficiency and emission standards, as well as the promotion of electric mobility, necessitate weight-saving measures. Lightweight seats play a pivotal role in meeting these requirements, particularly in regions with stringent emissions standards, such as the UAE, the US, and Singapore..
Browse market data tables, figures, and in-depth TOC on “Automotive Seats Market” by Application (Passenger cars, Commercial vehicles) Type (Bucket, Bench) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Passenger cars segment is projected to dominate the market size in 2024
The global automotive seats market is witnessing significant growth, particularly in the passenger cars segment. This growth can be attributed to the increasing preference for Sport Utility Vehicles (SUVs) among consumers. The multipurpose applications, added comfort, and enhanced in-vehicle space offered by SUVs are key factors driving the adoption of these vehicles. Furthermore, the availability of affordable compact and mini-SUVs is expanding the market's reach. Additionally, the electric vehicle (EV) segment is experiencing substantial growth worldwide. Factors such as stringent emission norms, announcements to ban diesel-powered vehicles, extended running ranges, and decreasing costs of EVs, along with government incentives, are fueling the demand for these vehicles.
By Type, Bucket segment is expected to hold the largest market size for the year 2024
In the automotive industry, bucket seats have emerged as a preferred choice for drivers due to their ergonomic design and enhanced functionality. Unlike bench seats, which accommodate multiple individuals, bucket seats are engineered for a single occupant. The contoured shape of these seats ensures optimal driver positioning, enabling greater control and precision. Additionally, the compact and recessed design of bucket seats contributes to weight reduction, contributing to improved vehicle performance. Modern advancements in technology have further elevated the bucket seat experience, with the introduction of air-conditioned seat technology, allowing drivers to instantly cool their seats for added comfort.
APAC is forecasted to hold the largest market size by region in 2024
The economic recovery in Asia Pacific (APAC) nations, particularly China and India, is fueling the growth of the automotive industry in the region. The burgeoning middle class population with escalating disposable income is fueling the purchase of passenger and commercial vehicles. Moreover, the accessibility of auto financing schemes is further propelling industry expansion. In addition, the burgeoning e-commerce sector and the thriving mining and construction industries are boosting the demand for commercial vehicles. The automotive industry's significant size necessitates the use of heavy-duty trucks for transporting finished automobiles and related components.
The Automotive Seats Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The Automotive Seats market is witnessing significant growth due to the increasing demand for comfortable, stylish, and lightweight seats in both luxury and middle-class vehicles. Synthetic leather seats made of polyurethane foam and carbon impression are gaining popularity due to their durability and affordability. Indorama Ventures, a leading polyethylene terephthalate (PET) producer, is a key player in this market, supplying PET fibers for making lightweight seat frames. Advanced features such as climate-controlled seat technology, powered seats, and customization options are driving the growth of the automotive seats market. The Y-o-Y growth rate is expected to remain robust, with a valuation of USDXXX billion by 2025. However, safety regulations and industry standards are crucial factors that manufacturers must adhere to. Motion sickness is a concern for many vehicle occupants, and automotive seats are being designed to address this issue. For instance, Auraloop, a startup, has developed a seat that uses sound waves to stimulate the vestibular system and reduce motion sickness. The electric vehicle (EV) seating segment is also expected to witness significant growth due to the increasing popularity of EVs. Overall, the automotive seats market is a luxury feature that is becoming increasingly essential for both comfort and safety.
Market Research Overview
The Automotive Seats Market is witnessing significant growth due to the increasing demand for comfort and safety features in vehicles. Key materials used in automotive seats include Polyurethane foam for cushioning and Carbon impression for durability. Indorama Ventures and Toray are major suppliers of Polyethylene Terephthalate, a popular material for seat trim. Comfort seating solutions such as Heated seats, Ventilated seats, and Memory seats are gaining popularity among consumers. Lightweight materials like Auraloop and Pneumatic seats are being adopted by OEMs to enhance Fuel efficiency and reduce Manufacturing cost. The Vegan population and concerns over Animal cruelty are driving the demand for Leather alternative materials such as Synthetic leather. Comfort features like Massage seats and Climate-controlled seats are becoming luxury features in Mid-segment cars and Premium vehicles. Safety features like Side curtain airbags and Smart seating systems are essential in ensuring safety during Traffic accidents. The Seating segment is expected to grow at a Y-o-Y growth rate due to Customization options and Advanced features. Industry standards and Safety regulations are driving the adoption of Lightweight seat frames and Climate-controlled seat technology. The market for Modular automotive seats is expanding, with applications in Pet car seats, Baby car seats, and even in Car-sharing companies. Autonomous vehicles are expected to revolutionize the automotive industry, with Memory seats and Seat heating system being essential features. The SUV market is a significant contributor to the growth of the Automotive Seats Market. Valuation of the Automotive Seats Market is expected to increase due to the increasing demand for Comfort and Safety features, Fuel efficiency, and Lightweight interior parts. Faurecia and other leading players in the market are investing in Cutting-edge trim materials like Polyester fabrics and Multizone climate control to meet the evolving needs of consumers.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
