Automotive Seating Systems Market Growth, Future Prospects And Competitive Analysis To 2032
The global automotive seating systems market stands at US$ 65.46 Bn as of now and is expected to reach US$ 88.8 Bn by the year 2032 at a CAGR of 3.1% between 2022 and 2032.
With a notable growth of automobile vertical, the demand for lightweight seats is expected to increase at an alarming rate going forward. Passenger cars as well as commercial vehicles are witnessing a rising demand for bench seats. As per the survey of the Victoria Transport Policy Institute (VTPI), over 70% of 100% autonomous cars are used for carpooling. The rest 30% are bound to be owned on private basis.
At the same time, it needs to be noted that these automotive seats involve extensive investments. It's a fact seats account for almost 5% of the overall cost that the vehicle is subject to. Climate-controlled, ventilated, massage, heated, and powered seats, which render better comfort, are very expensive.
Also, limited choice on the part of raw materials with complex production process are there to stay. These factors are bound to restrain the automotive seating systems market in the forecast period. Future Market Insights has etched through these facts with insights in its latest market study entitled 'Automotive Seating Systems Market'.
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
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.
Top automotive seating system manufacturer are 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