Automotive Seat Market Insights 2022, Size, Global Trends, Industry Share, Growth Rate, Top Players by 2030
Automotive Seat Market Synopsis
The major elements that are playing a vital role in the
expansion of the automotive
seat market 2022 are the, increasing comfort to the rider, manufacturers
fixating on lightweight seats, increasing advancement in the technology,
expansion in the automotive sector, and others. The auto manufacturers are
moving ahead intending to innovate their products. The major focus towards the
smart seats for smart cars that will increase the ease provided by the seat.
the global automotive seat market value is registered as USD 68.750 billion and is expected to grow at a significant rate of 5.11% CAGR with the market size of USD 101.27 billion during the forecast period.
The innovation integrated into the vehicle seats will lead
to the expansion of the market during the review period. The automotive
manufacturers in evolving nations are focusing on the advancement of the
lightweight interior parts, to enhance fuel-efficiency, which will emerge as
the growth of the market during the review period.
Automakers are focusing on the development of lightweight
interior parts to improve fuel efficiency. The innovation made in the vehicle
seats results in the growth of the market. Leading suppliers of seat structures
bring advanced manual and power adjuster technology and comfort components to
the table, creating intelligent concepts for the vehicle interior.
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These suppliers also use software and sensorics to connect
mechatronic components. They strive to gain comprehensive expertise in
development, assembly and logistics for complete seat systems and metal
structures. COVID-19 temporarily halted the automotive seat industry; however,
the automotive industry showing positive trends in recent years significantly influenced
the financial results in 2022 and improved margins.
Competitive Analysis
The management trends in the market are reinforcing the
level of growth that can be achieved in the current market scenario. The
variations seen in terms of strategy implementation and creation are modifying
the development pace of the market. The market is also well equipped to meet
the challenges and keep up with the dynamic growth trends efficiently. The
market contenders are making considerable adjustments to minimize the incidence
of competitive disadvantage. The development patterns are reworked in tandem to
the customer likings to realize the highest growth, and in the long run,
viability. The plan formulation process in the market has become notably easier
in which deviations are well accounted for, this approach increases the overall
success of these plans in the market. The context for growth plans also has
inspired the market for possible new entrants.
The significant companies in automotive seat market are Lear
Corporation (U.S.), TM Automotive Seating Systems Private Limited (India),
Faurecia (France), Toyota Boshoku Corporation (Japan), Tata Autocomp Systems
Limited (India), TS Tech Co. Ltd (Japan), Magna International Inc. (Canada),
Aktis Engineering Solutions (India), Fisher and Company (Austria), Marter
Automotive Seating Systems (Turkey), IFB Automotive (India), DURA Automotive
Systems (U.S.), Grammer Seating Systems (Germany), Johnson Controls (U.S.), and
RECARO Automotive (Germany).
Segmental Analysis
The market for automotive seat is segmented based on type,
region, material, technology, and vehicle type. On the basis of type, the
automotive seat market is segmented into bench, folding, bucket, and others.
The segmentation on the basis of technology comprises of heated, powered,
standard and powered & heated. On the basis of Material, the market is
segmented into genuine leather, synthetic leather, and fabric. The vehicle type
segment of the automotive seat market consists of commercial vehicle and passenger
car. The market includes regions such as Asia Pacific, North America, Europe,
and Rest of the World.
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Detailed Regional Analysis
The regional analysis of the automotive seat market
comprises of Asia Pacific, Europe, North America, and Rest of the World. The
Asia Pacific region is anticipated to control the automotive seat market
through the forecast period owing to the rising demand for hybrid and electric
vehicles in developing nation such as China, India, and Japan. The Asia Pacific
has observed the maximum production of commercial and passenger vehicle, owing
to which, the demand for installation of seats with the latest technology, is
set to rise. This will motivate the market in the Asia Pacific region. The
European region is likely to be the next chief market, and is anticipated to
lead owing to surging demand of high-end cars in the European region. The
high-end cars will expect involve the latest technology to be installed in the
vehicles, which will result in the amplified use of seats in the vehicles.
Industry Updates:
Oct 2018 Tachi-S Engineering USA who is a leader in
automotive seating, has lately made main enhancements to its seat testing
capabilities in the North American region. The need to improve environmental
condition testing, the company has added one walk-in and one cabinet, two new
Weisstechnik Environmental Chambers, to its Farmington Hills, Michigan
location. The chambers permit high/low humidity, rapid temperature change
rates, high/low temperature, or combined environmental testing.
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