DUBLIN–(BUSINESS WIRE)–The “Automotive Seat Market, Global Forecast, Impact of COVID-19, Industry Trends, Growth, Opportunity By Material, and Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
At present, the automotive industry is the third-largest spender on research and development, behinds healthcare and software and electronics. Automobiles, seats are one of the essential components of automotive. Emerging trends, which directly impact the dynamics of the automotive seat industry, include the development of the link between seat systems & smartphones. Customer approaches for automotive comfort are growing, and the advance of automotive seats that origin minute fatigue for extensive distance driving is essential.
Automotive makers recognize comfort as a significant trade point, as it plays a substantial role for buyers. Luxurious, comfortable, and safe automotive seating systems are gaining preference among consumers, which, in turn, is prompting OEMs (Original Equipment Manufacturer) to seek automotive seats that could satisfy consumer expectations. According to this report, the Global Automotive Seat Market is expected to be a US$ 87.46 Billion by 2027.
Material Used & Types of Seat
Based on material, the global automotive seat market includes Fabric, Synthetic Leather, and Genuine Leather. The fabric segment holds the largest market share due to almost invariably tri-laminate polyester. The automotive seat type has been classified into the bucket seat, bench seat, and others. The bucket seat is separate with an armrest and contoured platform to seat a single person. Bucket seats are widely utilized as a driver and co-driver seats in passenger and commercial vehicles.
The popularity of Automotive Seats in Vehicles Globally
Worldwide, SUV popularity has increased significantly. Traditionally, the SUV style has been most successful in North America. The United States has the highest demand for SUVs seats. Vehicles seats in Europe and the Asia Pacific have also begun to pick up steam in recent years. Four out of 10 passenger vehicles sold in the Asia Pacific were SUVs, compared to about one third in Europe. Small and crossover automotive seat segment sales and compact SUV seats like the Dacia Duster have grown the most. The improvements in safety, weight, and fuel economy are significant factors in its appeal to a broader audience. The Global Automotive Seat Industry will grow with a CAGR of 7.24% from 2020 to 2027.
Regional Analysis of Automotive Seats Industry
Globally, the North American automotive seat market is dominated by the premium car market (2M units per annum), and pickup trucks are one of the largest in the world. Europe and the Asia Pacific regions are expected to lead the market for Automotive Seats during the forecast period. The market growth in Europe and Asian countries associated with the growing need for affordable vehicles due to changes in customer behaviour amid pandemics. Customers’ preference for luxury cars has led to a rapid rise in the premium automotive seat market in Europe. As per our analysis, the Global Automotive Seat Market Size was valued at US$ 53.62 Billion in 2020.
COVID-19 Impact on Automotive Seats Business
Coronavirus outbreak is one of the biggest shocks for the automotive business worldwide. The COVID-19 pandemic hindered the growth of the automotive seat market as there were constant lockdowns and travel constraints across the world to contain the virus. Moreover, the supply chain of the market got hit while manufacturing units were closed and with social distancing rules to follow limited staff available to run production lines with all safety standards. Besides, this high cost of modular & advanced seats compared to traditional seats may hamper the growth of the automotive seat market.
1. Toyota Boshoku
2. Faurecia Magna International
3. Inc., Lear Corporation
4. Johnson Controls
5. Grammer AG
Key Topics Covered:
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
5. Global Automotive Seat Market
6. Market Share – Global Automotive Seat Analysis
6.1 By Material
6.2 By Seat Type
6.3 By Energy Source
6.4 By Vehicle Type
6.5 By Technology
6.6 By Region
7. Material – Global Automotive Seat Market
7.2 Synthetic Leather
7.3 Genuine Leather
8. Seat Type – Global Automotive Seat Market
9. Energy Source – Global Automotive Seat Market
10. Vehicle Type – Global Automotive Seat Market
10.1 Small Cars
10.3 Compact Cars
10.5 Large Cars
10.6 Mid Size Cars
10.8 SUVs & Crossovers
11. Technology – Global Automotive Seat Market
11.1 Powered Seats
11.2 Standard Seats
11.3 Ventililated Seats
12. Region – Global Automotive Seat Market
12.1 North America
12.3 Asia Pacific
12.4 Middle East America
12.5 South America
13. Company Analysis
For more information about this report visit https://www.researchandmarkets.com/r/9vzngv