What is Automotive Seating Systems Market?
The cushioning and comfort are important as the moving car can transmit vibrations to the body. The automotive seat provides the comfort and it can be adjusted according to the body type. In addition, technologies have been incorporated in the seating system such as seat heating or cooling, massage and safety features. Furthermore, the seats in automobile accounts for 7% to 8% of total vehicle weight and hence, it is the major component on which the manufacturers are focusing for reducing the overall weight.
Highlights from Automotive Seating Systems Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Gentherm (United States), NHK Springs (Japan), Aisin Seiki (Japan), IFB Automotive (India), Faurecia (France), Magna International (Canada), TS Tech (Japan), Marter Automotive (United Kingdom), Johnson Controls (Ireland) and Toyota Boshoku (Japan) |
Automotive Seating Systems is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that Asia Pacific Vendors will contribute to the maximum growth of Global Automotive Seating Systems market throughout the forecasted period.
Gentherm (United States), NHK Springs (Japan), Aisin Seiki (Japan), IFB Automotive (India), Faurecia (France), Magna International (Canada), TS Tech (Japan), Marter Automotive (United Kingdom), Johnson Controls (Ireland) and Toyota Boshoku (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Lear Corporation (United States), Tachi-S (United States), Alfmeier (Germany) and Brose (Germany). Automotive Seating Systems Market Segmentation:
Scope | Sub-Segments |
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Distribution Channel | OEM,Aftermarket |
Technology | Powered,Heated,Standard |
Vehicle type | Compact cars,Mid-size cars,SUVs,Crossovers,MPVs,Pickups,Heavy commercial vehicles,Others |
Material type | Genuine leather,Synthetic leather,Fabric material |
On the basis of geography, the market of Automotive Seating Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclination of consumers towards the luxurious seating systems
Market Growth Drivers:
Rising demand for premium vehicles in developing nations is subsequently increasing the demand for related components. Also, the consumers are inclining towards the SUVs and MPVs that accommodates more seats as compared to others. Hence, the increasing premium vehicles is the major driver for automotive seat market.
Challenges:
Shortage Of Semiconductors
Restraints:
Luxurious Seats Increases the Costs of the Vehicle and Volatile Costs of Raw Materials
Opportunities:
Government Initiatives for Foreign Direct Investments, Increasing Research and Developments and Rising Disposable Income in Developing Economies
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
In October 2018, Faurecia who provides automotive seating, interior system, and clean mobility has completed the purchase of Parrot Faurecia Automotive.
In October 2018, Magna has launched Czech cars seating plant to serve BMW models. It is the second seating unit in Chomutov which is located near the German border.