Global Technology Report

Automotive Seat Market is Expected to Reach $78.7 Billion by 2022

Trends, opportunities and forecast in this market to 2022 by product type (bucket and bench), material cover (genuine leather, synthetic leather, and fabric material), technology (powered, heated and standard), vehicle type (small cars, compact cars, mid-size cars, large cars, SUVs and Crossovers, MPVs, pickups, heavy commercial vehicles, and others), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)

According to a new market report published by Lucintel, the global automotive seat market is expected to reach an estimated $78.7 billion by 2022 and it is forecast to grow at a CAGR of 3.0% from 2017 to 2022. The future of the global automotive seat market looks promising with opportunities in the mid-size and large car segment. The global automotive seat market is expected to reach an estimated $78.7 billion by 2022 and it is forecast to grow at a CAGR of 3.0% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, the rising trend of high value seat with integrated smart technology for advanced vehicle comfort and safety. 

Browse 122 market data tables and 149 figures spread through 227 pages and in-depth TOC on “Global Automotive Seat Market” 

On the basis of our comprehensive research, Lucintel forecasts that the powered seat and heated seat segments are expected to show above average growth during the forecast period. 

 
Within the global automotive seat market, the heated seat segment is expected to remain the fastest growing market, as it provides thermal comfort for the user and it enhances the vehicle’s heating system. The powered seat can be lowered or raised and titled according to the needs of the driver and passengers. Growing sales of luxury vehicles and the increasing adoption of powered seats in the mid-segment cars are expected to spur growth for this segment over the forecast period. 
 
Asia Pacific is expected to remain the largest region due to high vehicle production, improving economic conditions, and increasing manufacturing OEM facilities within the APAC region.

 

Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of TDI Low-VOC foam in vehicle seats and the development of light weight seats. Adient plc, Lear Corporation, Toyota Boshoku Corporation, Faurecia SA, and Magna International Inc. are the major seat suppliers in the global automotive seat market.

 

The study includes a forecast for the global automotive seat market through 2022 by product types, material cover, technology, vehicle type, end user, and region, as follows: 

Automotive seat market by Product Type ($ Billion from 2011 to 2022)

  • Bench Seats
  • Bucket Seats

 Automotive seat market by Technology ($ Billion from 2011 to 2022)

  • Powered Seats
  • Heated Seats
  • Standard Seats

 Automotive seat market by Vehicle Type ($ Billion from 2011 to 2022)

  • Small Car
  • Compact Car
  • Mid-size Car
  • Large Car                                 
  • SUV and Crossover                                                               
  • MPV                
  • Pick-up 
  • HCV
  • Others                          

 Automotive seat market by Material Cover ($ Billion from 2011 to 2022)

  • Genuine Leather
  • Synthetic Leather
  • Fabric Material

 Automotive seat market by End User ($ Billion from 2011 to 2022)

  • OEM           
  • Aftermarket

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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com

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