The global automotive seating systems market stands at US$ 65.46 Billion as of now and is expected to reach US$ 88.8 Billion by the year 2032 at a CAGR of 3.10% between 2022 and 2032.
Future demand for lightweight seats is anticipated to rise at an alarming rate due to the apparent growth of the automotive industry. Bench seats are increasingly in demand for both passenger automobiles and commercial vehicles.
According to a survey conducted by the Victoria Transport Policy Institute (VTPI), carpooling accounts for more than 70% of all autonomous vehicle use. The remaining 30% must be privately held.
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However, it should be mentioned that these car seats require significant financial outlays. It is true that seats make up nearly 5% of the total cost of the vehicle. Better comfort is provided by climate-controlled, vented, massage, heated, and powered seats, but they are highly expensive. Additionally, there will always be a restricted selection of raw materials and a challenging production procedure. In the coming years, the automobile seating systems industry will undoubtedly be constrained by these reasons. In its most recent industry analysis, named “Automotive Seating Systems Market,” Future Market Insights has provided insights that cut through these realities.
Key Takeaways from Automotive Seating Systems Market
- The Asia-Pacific holds the largest market share with South Korea, Japan, China, and India leading from the front. This could be credited to the rising demand for cost-effective vehicles owing to shifts in the behavior of customers amidst the pandemic as well as post-pandemic.
- North America and Europe are going steady with respect to automotive seating systems market and the scenario is expected to remain the same even going forward.
- Climate-controlled seat technology is expected to be the cornerstone of automotive seating systems market in the forecast period.
“Emerging economies are subject to an increasing adoption of electric and hybrid vehicles, which, in turn, are bound to take the automotive seating systems market by storm in the upcoming period”, says an analyst from Future Market Insights.
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Competitive Seating Systems Market
- Adient plc started with integration of Cardyon (chemical made by making use of Covestro’s CO2 technology) as one of the sustainable feedstocks for producing foam. This sustainability milestone pertaining to supply chain does help in reducing the company’s scope 3 emissions (as formulated by Greenhouse Gas Protocol).
- Toyota Boshoku, in May 2021, came forward with cabin space providing multimodal stimulus of senses at the time of autonomous driving for revitalizing the occupants with siesta along with waking them up with utmost comfort.
- Lear Corporation, in August 2020, came up with novel solution in ‘intelligent seating’, INTU Thermal Comfort with ClimateSense technology. It has been developed on collaborating with Gentherm. The major objective is that of creating conducive climate via intelligent software by making use of ambient cabin conditions.
- Hyundai Transys and Brose Fahrzeugteile, in December 2021, inked a JDA (Joint Development Agreement) for developing future-oriented car seats. This development would be emphasizing on lightweight and ultra-slim seats, stabilized seat structure, and seats for driverless cars.
- RECARO Automotive, in June 2021, expanded the partnership with IMSA (International Motor Sports Association) for focusing on advantages of the former’s seating technology to a wider audience, within IMSA paddock, motorsport enthusiasts, and IMSA fans.
- Toyota Boshaku Corporation, in January 2022, developed interior components and seats featured in LEXUS NX. The features include electric retraction mechanism and enhanced cushioning by dividing body pressure around buttocks.
- Faurecia, in September 2021, developed the ultra-low CO2 seat structures as per collaboration with SSAB as the supplier of fossil-free steel.
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Key Companies Profiled
- Johnson Controls Inc.
- Faurecia SA
- Marter Automotive Seating Systems
- Toyota Boshoku Corporation
- Lear Corporation
- Magna International Inc.
- IFB Automotive
Key Segments of Automotive Seating Systems Industry Survey
Automotive Seating Systems Market by Vehicle Type:
- Automotive Seating Systems for Passenger Cars
- Automotive Seating Systems for Light Commercial Vehicles
- Automotive Seating Systems for Heavy Commercial Vehicles
Automotive Seating Systems Market by Seat Type:
- Automotive Split Seat Systems
- Automotive Bench Seat Systems
- Automotive Split Bench Seat Systems
Automotive Seating Systems Market by Distribution Channel:
- Automotive Seating System Sales via OEM
- Automotive Seating System Sales via Aftermarket
Automotive Seating Systems Market by Technology:
- Heated Automotive Seating Systems
- Powered Automotive Seating Systems
- Powered & Heated Automotive Seating Systems
- Standard Type Automotive Seating Systems
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