Automotive Seating Systems Market Future Trends, Industry Size and Forecast

As per the report published by FMI, the global automotive seating systems market is projected to have a slow-paced CAGR of 3.10% during the forecast period. The current valuation of the market is US$ 65.4 Billion in 2022. The market value of automotive seating systems is anticipated to reach a high of US$ 88.8 Billion by the year 2032.

Competition Landscape in the Automotive Seating Systems Market

The key players in the automotive seating systems market are growing research and development activities to launch innovative products and are penetrating lucrative growth opportunities in the forum.

Furthermore, several leading players are incorporating automotive seats with smart sensors, air moving devices, high-power-density heaters, and convective heaters, which is leading to the creation of more compelling products and capitalization upon new technologies.

Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc., and IFB Automotive are some of the key players in the market.

Due to the rising demand for hybrid and electric vehicles in developing economies, automotive seating systems have recently gained significant ground. The market's rise has been largely attributed to the automotive industry's explosive growth, which has supported the market growth for car seating systems.

Increasing customer preference for mobility-on-demand services, such as vehicle and ride-sharing, has led to an unprecedented increase in demand for automotive seating systems, according to Future Market Insights' findings. As a result, given the growing popularity of car sharing, the seats' durability is probably the most important consideration.

It is anticipated by the expert analysts at FMI that modular seats such as heated, powered, and ventilated applications are now getting more commercialized and are being increasingly used in most mid-end automotives. However, the high cost of automotive seating systems limits their penetration and is likely to curb the growth of the market in the coming years.

FMI has analyzed that rising safety concerns, strengthening fuel efficiency by manufacturing lightweight automotive designs, and a rise in demand for premium vehicles are majorly contributing to the propulsion of the automotive seating system market. Therefore, the automotive seating systems market is likely to have significant growth over the forecast period.

For more information: https://www.futuremarketinsights.com/reports/automotive-seating-systems-market

Key Takeaways from the Automotive Seating Systems Market

  • Europe is projected to dominate the global automotive seating systems market with a total of 25% market share during 2022-2032.

  • The automotive seating systems market in the European region is anticipated to advance at a CAGR of 5.5% during the forecast period.

  • North America is accounting for 19% market share for automotive seating systems in the global market in 2022.

  • The North American market for automotive seating systems is assumed to grow at a CAGR of 1.7% between 2022 and 2032.

  • A historical CAGR of 2.10% has been witnessed in the automotive seating systems market during the period 2016-2021.

“The broad spectrum of vehicles with a confluence of growing concern for safety features is rising the demand for intelligent seating systems with superior comfort and ergonomics.” – Says an FMI Analyst

Recent Developments in the Automotive Seating Systems Market:

  • In May 2021, Toyota Boshoku introduced a cabin space that offers multimodal sensory stimulation during autonomous driving to reinvigorate its occupants with a short nap and comfortably awaken them.

  • In July 2020, Faurecia officially launched its new seating joint venture with BAIC with four plants in Beijing, Chongqing, Huanghua, and Xiangtan.

  • In 2019, Lear Corporation acquired Israel-based EXO Technologies, a leading developer of differentiated GPS technology that provides high-accuracy positioning solutions for autonomous and connected vehicle applications.

Key Segments of Automotive Seating Systems Industry Survey

Automotive Seating Systems Market by Vehicle Type:

  • Automotive Seating Systems for Passenger Cars

  • Automotive Seating Systems for Light Commercial Vehicles

  • Automotive Seating Systems for Heavy Commercial Vehicles

Automotive Seating Systems Market by Seat Type:

  • Automotive Split Seat Systems

  • Automotive Bench Seat Systems

  • Automotive Split Bench Seat Systems

Automotive Seating Systems Market by Distribution Channel:

  • Automotive Seating System Sales via OEM

  • Automotive Seating System Sales via Aftermarket

Automotive Seating Systems Market by Technology:

  • Heated Automotive Seating Systems

  • Powered Automotive Seating Systems

  • Powered & Heated Automotive Seating Systems

  • Standard Type Automotive Seating Systems