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Global Automotive Seat Parts Market Size By Type of Seat Parts, By Material Type, By Vehicle Type, By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Automotive Seat Parts Market Size By Type of Seat Parts, By Material Type, By Vehicle Type, By Geographic Scope And Forecast

Automotive Seat Parts Market Size And Forecast

Automotive Seat Parts Market size was valued at USD 53.79 Billion in 2023 and is projected to reach USD 92.16 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.

The Automotive Seat Parts Market encompasses the industry involved in the manufacturing, distribution, and supply of components and materials used in the production of automotive seats. These parts include seat frames, seat cushions, seat covers, seat adjusters, headrests, armrests, and other interior components that contribute to the comfort, safety, and functionality of vehicle seating systems. Automotive seat parts are essential for providing ergonomic support, impact protection, and aesthetic appeal to passengers and drivers in vehicles ranging from passenger cars and trucks to commercial vehicles and recreational vehicles. They are manufactured using various materials such as metals, plastics, foams, textiles, and leather, and are subject to stringent quality and safety standards to ensure compliance with regulatory requirements and customer expectations.

 Global Automotive Seat Parts Market Drivers

The market drivers for the Automotive Seat Parts Market can be influenced by various factors. These may include

  • Increasing Vehicle Production The market for automotive seat parts and total vehicle production are strongly related. There is a comparable rise in demand for automotive seat parts along with the worldwide automobile demand.
  • Technological Advancements The market is expanding thanks to developments in vehicle seat technology, including smart seating systems, improved materials, and ergonomic designs. Seats that improve comfort, safety, and the overall driving experience are of importance to both manufacturers and consumers.
  • Stricter Safety Regulations Around the world, governments and regulatory agencies are putting more stringent safety requirements for cars into effect. Automakers are obligated by these laws to make investments in high-quality and safety-focused seat components.
  • Growing Preference for Lightweight Materials As the automotive industry places more emphasis on fuel economy and emissions reduction, lightweight materials are becoming more and more popular in the production of seat parts and other car components.
  • Growing Customer Awareness People are becoming more conscious of the value of safety and comfort features in cars. The market for automotive seat parts is expanding as a result of increased demand for cars with cutting-edge seating systems.
  • Transition to Electric Vehicles (EVs) The increasing popularity and utilisation of EVs has consequences for seat components and design. The interiors of electric vehicles frequently have distinctive layouts, thus manufacturers might have to modify seat components to meet EV specifications.
  • Global Urbanisation Trends As a result of rising traffic congestion brought on by urbanisation, there is a growing need for creative and comfortable car seating options. More adaptable and comfortable seating arrangements are what commuters want.
  • Customisation Trends Personalised and customisable components, such as seats, are becoming more and more sought after by customers for their cars. There will be a greater need for seat parts as a result of manufacturers providing a wider range of seat options and combinations due to this trend.

Global Automotive Seat Parts Market Restraints

Several factors can act as restraints or challenges for the Automotive Seat Parts Market. These may include

  • Volatility in Raw Material Prices The cost of manufacturing car seat parts can be impacted by changes in the price of raw materials including steel, aluminium, and different textiles. Manufacturers may face difficulties managing costs and achieving profitability as a result of price fluctuation.
  • Disruptions to the Supply Chain The automotive supply chain may be affected by worldwide occurrences like natural catastrophes, unstable political environments, or public health emergencies like the COVID-19 pandemic. The production of car seat parts may be impacted by such disruptions if there are shortages of essential parts.
  • Strict Emission criteria Although they encourage innovation in the automotive sector, manufacturers may find it difficult to comply with these criteria. Using cutting-edge technologies and lightweight materials to improve fuel efficiency may result in higher expenses and more difficult technical problems.
  • Intense Competition With a large number of suppliers and manufacturers worldwide, the automobile seat components market is extremely competitive. Price wars and decreased profit margins for market participants are potential outcomes of intense competition.
  • Slow Adoption of Electric Vehicles Although interest in electric vehicles (EVs) is growing, overall EV adoption is still moving more slowly than it is for cars with internal combustion engines. The need for specific automobile seat parts—which are made differently for electric vehicles—may be impacted by the switch to EVs.
  • Global Economic Uncertainty Consumer spending on cars can be impacted by economic downturns or uncertainties in major economies. Consumers may decide to delay or cut back on new car purchases during economic downturns, which could affect the market for auto seat components.
  • Complex Regulatory Landscape It can be difficult for automakers to comply with a variety of constantly changing regulations in many states and nations. It can be necessary to make large research and development investments in order to meet different safety and emission regulations.
  • Customer tastes and Trends The demand for automobiles and, by extension, automotive seat parts, can be affected by abrupt shifts in consumer tastes. Examples of these shifts include a preference for alternate modes of transportation or ride-sharing services.
  • Increasing Labour expenses Labour expenses have the potential to affect the total cost of production, particularly in areas where automobile manufacturing has historically been concentrated. The competitiveness of manufacturers of automobile seat parts may be impacted by increased labour costs.

Global Automotive Seat Parts Market Segmentation Analysis

The Global Automotive Seat Parts Market is segmented based on Type of Seat Parts, Material Type, Vehicle Type, and Geography.

Automotive Seat Parts Market, By Type of Seat Parts

  • Foam Padding Includes materials used for cushioning and comfort.
  • Frame Structure Components forming the structural framework of the seat.
  • Upholstery Covers and materials used for the outer layer of the seat.
  • Mechanism and Adjustments Parts responsible for seat adjustments and movement.
  • Heating and Cooling Systems Components related to seat heating or ventilation.
  • Seat Belts and Buckles Safety components integrated into the seat.

Automotive Seat Parts Market, By Material Type

  • Metallic Components Steel or aluminum used in the frame structure.
  • Plastic Components Parts made from various plastic materials.
  • Textile and Leather Materials Fabrics and leather used for seat upholstery.
  • Foam Materials Different types of foam used for padding.
  • Electronic Components Components related to electronic features in the seat.

Automotive Seat Parts Market, By Vehicle Type

  • Passenger Cars Components designed for traditional cars.
  • Commercial Vehicles Components used in trucks, buses, and other commercial vehicles.
  • Two-wheelers Components for motorcycles and scooters.

Automotive Seat Parts Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Players

The major players in the Automotive Seat Parts Market are

  • Adient Plc
  • Lear Corporation
  • Faurecia
  • Toyota Boshoku Corporation
  • Magna International
  • NHK Spring Co Ltd
  • TACHI-S Co Ltd
  • Gentherm Incorporated
  • TS TECH Co Ltd
  • Grupo Antolin

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Adient Plc, Lear Corporation, Faurecia, Toyota Boshoku Corporation, Magna International, NHK Spring Co Ltd, TACHI-S Co Ltd, Gentherm Incorporated, TS TECH Co Ltd, Grupo Antolin.

SEGMENTS COVERED

By Type of Seat Parts, By Material Type, By Vehicle Type And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Analyst’s Take

In conclusion, the Automotive Seat Parts Market is expected to witness steady growth in the coming years, driven by factors such as the increasing demand for comfortable and customizable seating solutions, stringent safety regulations mandating the use of advanced seat components, and the growing emphasis on vehicle interior aesthetics and comfort by automotive OEMs. Additionally, the rising trend towards electric and autonomous vehicles, which require innovative seating designs and features to accommodate new vehicle architectures and user preferences, is anticipated to fuel market expansion further. Market players focusing on product innovation, lightweight materials, sustainability, and cost-effectiveness are well-positioned to capitalize on the growing opportunities in the Automotive Seat Parts Market. Furthermore, strategic partnerships with automotive manufacturers, investments in research and development, and expansion into emerging markets can help companies strengthen their market position and meet the evolving needs of the automotive industry.

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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