Automotive Seats Market is Expected to Reach USD 81 Billion by 2030 at a 4% CAGR

BOSTON - July 2, 2024 - PRLog -- The increasing adoption of electric sport utility vehicles (SUVs) with enhanced accommodation convenient seats, and passenger baggage capacity is fueling demand for automotive seats market globally. The high cost of advanced modular chairs compared to traditional seats acts as a constraint on the market growth for automotive seats, as it can deter cost-conscious consumers and manufacturers from adopting these innovative seating solutions.

Key Growth Drivers:
The integration of advanced technologies such as heated and ventilated seats, memory settings, and massage functions is driving the demand for premium automotive seats. Innovations in lightweight materials and smart seat systems are also contributing to market growth. The rise in global vehicle production, especially in emerging economies, is a significant growth driver. As more vehicles are manufactured, the demand for automotive seats naturally increases.The surge in electric and autonomous vehicles is reshaping the automotive industry. These vehicles often require specialized seating solutions, such as rotating seats and advanced infotainment systems, creating new opportunities for market expansion.

Regional Insights:
Asia-Pacific holds the dominant share of the automotive seats market at present and is expected to continue its dominance during the forecast period.On the other hand, North America is expected to show a steady rise in the automotive seat market. This is attributed to the growth in commercial vehicle sales spurring the need for comfortable and efficient seating.

Competitive Landscape:
The automotive seats market comprises various market players Adient plc., Lear Corp., FORVIA Faurecia, Toyota Boshoku Corporation, Magna International, Inc., Johnson Controls, Brose Sitech sp. z o.o., TS TECH CO., LTD., DURA - SHILOH, IFB Industries Limited., and others.

Access full report: https://www.nextmsc.com/report/automotive-seats-market

Conclusion:
The automotive seats market is poised for significant growth, driven by technological advancements, increasing vehicle production, and rising consumer demand for comfort and luxury. The shift towards electric and autonomous vehicles, coupled with urbanization and economic growth, presents new opportunities for market expansion.