Automotive Seat Market : Gasoline, Diesel, Electric, and LPG Industry Forecast, 2018-2025

The Global automotive seat market size was valued at $71,651.20 million in 2017, and is projected to reach $101,397.20 million by 2025, registering a CAGR of 4.3% from 2018 to 2025. The gasoline vehicle energy source type segment was the highest contributor to the market in 2017, accounting for $56,828.9 million, and is estimated to reach $72,226.0 million by 2025, registering a CAGR of 2.9% during the forecast period. In 2017, the automotive seat market share has accounted highest for the Asia-Pacific region by Trim Material Type, Seat Type, Vehicle Energy Source, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018 – 2025

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The key players analyzed in this report include Adient plc, Aisin Seiki Co., Ltd, Faurecia, GENTHERM, Lear Corporation, Magna International Inc, NHK SPRING Co. Ltd., Tachi-s Co, Ltd., Toyota Boshoku Corporation, and TS Tech Co., Ltd.

Furthermore, rise in sales of luxurious vehicles in developing countries, increase in need for climate-controlled seat technology, and surge in need for lightweight seat frame are the key factors that fuel the growth of the automotive seat industry. In addition, autonomous seating and development of the automobile industry have fueled the production of automotive seat market. In addition, technological steps taken by firms to focus on child seating and improved comfort, new materials, and cost-saving innovations boost the demand for automotive seat in the global market.

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Volatility in the prices of metal and slow-down in the sales and production of automobiles are the major restraining factors of the automotive seat market. Furthermore, rise in demand of animal products free vehicles, and growing popularity of autonomous vehicles are anticipated to offer lucrative opportunities for the market expansion.

The automotive seat market analysis totally depends on the trim material and seat type used for the construction of automotive seat. Moreover, automobile companies focus on the innovations of automotive seat system. Furthermore, Adient is working on new safety solutions for the seats of future generation vehicles such as alternative seating layouts in autonomously driven vehicles. Faurecia presented its “Active Wellness Express,” the first seat cover for professional drivers with premium car comfort and wellness features. It is one of the first seat cover which uses sensors to monitor health and wellness data such as heart rate and respiratory rate. Therefore, the new product will improve safety, comfort, and well-being of drivers. These factors will not only boost the growth of automotive seat market but also the demand for component needed to assemble seat.

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Key Findings of the Automotive Seat Market :

  • In 2017, based on seat type, the bucket seat segment generated the highest revenue.
  • In 2017, by vehicle type, the passenger type was the highest revenue contributor.
  • In 2017, by vehicle energy source, the gasoline segment was the highest revenue contributor.
  • In 2017, region wise, Asia-Pacific contributed the highest revenue, followed by Europe, North America, and LAMEA

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