Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Mar 23, 2023--
The "Automotive Seats Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030" report has been added to ResearchAndMarkets.com's offering.
The market for automotive seats is anticipated to expand at a CAGR of 4.5% during the forecast period of 2022 to 2030.
Increased Use of Powered Seats in Mid-Segment Automobiles and Sport Utility Vehicles Is the Primary Factor Driving Market Dynamics.
Over the years, there has been a dramatic shift in consumer choice toward larger cars, which has resulted in an almost doubling of the share of SUVs. The International Energy Agency (IEA) estimates that the number of sport utility vehicles (SUVs) driving on the roads of the world increased by more than 35 million in the year 2021. SUVs account for almost half of all vehicle sales in the United States and one-third of all vehicle sales in Europe. The sales of SUVs in India are currently far lower than they are in western countries. Despite this, original equipment manufacturers (OEMs) are releasing compact SUVs in the middle price bracket, which is enticing customers. In light of this, the Indian market is gravitating toward small SUVs rather than full-size SUVs because the former is more cost-effective.
Increasing Interest in Temperature- and Humidity-Controlled Seating Technology
Increasing global warming at high temperatures makes it even more difficult for people to travel in vehicles. This affects both the people driving and those riding in vehicles. It is anticipated that the market for car seats would incorporate new technology in response to the growing number of climate and environmental concerns. For instance, if a passenger automobile is kept in the sun all day, the heat that is trapped inside the vehicle will make it unpleasant for both the passenger and the driver to sit inside the vehicle.
However, developments in technology have led to the creation of climate-controlled seating technology in car seats, which enables customers to rapidly cool their seats whenever they want to. In order to accomplish this goal, these seats were designed with perforated inserts that had built-in chillers and fans. In a similar fashion, the chairs include built-in heaters that are based on cloth, which are helpful when the weather is chilly. As a result, there is an increasing emphasis placed on the provision of seats with climate control.
Massage seats are often only available in higher-end vehicles sold by original equipment manufacturers (OEMs), although powered, heated, and ventilated applications are now commercialised and utilised in a wide variety of cars that fall into more reasonable price ranges. For example, car original equipment manufacturers (OEMs) including Mercedes-Benz, BMW, Jaguar, and Cadillac offer massage seats for the front passengers of their vehicles.
Increase In the Number of Sales of Luxury Automobiles in Developing Nations
The vast majority of high-end automobiles feature leather upholstery, which gives the seats and overall appearance of the car an air of superior quality and sophistication. Because of this, there has been an increase in the number of sales of luxury vehicles in developing regions.
For instance, over the course of the previous few years, China has seen a discernible increase in the number of sales of luxury vehicles. In terms of dollar value, China accounts for around one-third of total sales of luxury automobiles worldwide. Additionally, India is one of the world's greatest markets for passenger cars in terms of volume, with luxury automobiles making up a large percent of global production. This makes India one of the world's largest markets for passenger cars.
Increase In Demand for Seat Frames That Are Lightweight
As a result of the acceleration of climate change, numerous governments, agencies, and other types of organisations are placing a greater emphasis on the need to cut global car emissions. In the month of May 2019, it was revealed that beginning in the year 2030, the city of Amsterdam will begin to prohibit the use of gasoline and diesel-powered automobiles and motorcycles.
Increase In Demand for Technologies That Can Adjust the Temperature and Humidity of Seats
Because of increasing global warming at severe temperatures, the market for automobile seats is growing rapidly. This is because these temperatures make it more difficult for both the driver and the passengers to ride in the car. For instance, if a passenger automobile is kept in the sun all day, the heat that is trapped inside the vehicle will make it unpleasant for both the passenger and the driver to sit inside the vehicle. However, developments in technology have led to the creation of climate-controlled seating technology in automobile seats, which enables you to immediately cool them down to a more comfortable temperature. In order to accomplish this goal, these seats were designed with perforated inserts that had built-in chillers and fans. In a similar vein, each seat comes equipped with fabric-based warming that can come in handy during the winter months.
A Rise in Consumer Interest in Vegan Alternatives to Animal Products Free Automobiles
The percentage of people who identify as a vegan is rising at an alarming rate around the world. As a consequence of this, there has been an upsurge in demand for automobiles that do not contain any materials derived from animals, such as leather seats. Animal rights advocates, in addition to vegans, are pushing for automobiles that are free of any components derived from animals. Since 2017, all of Tesla's seat options have been cruelty-free, and the company has confirmed that the next Model Y will have no leather of any kind. Also in April 2019, during an auto show, Land Rover unveiled its new line of leather-free and totally vegan materials that will be used in the 2020 Range Rover Evoque, Range Rover Velar, and Jaguar I-Pace SUVs. These materials will replace the leather that was previously used. The demand for expansion in the automotive seat market will be driven by awareness and initiatives for the usage of automobiles that do not contain any animal products.
The Ever-Increasing Need for Driverless Cars and Trucks
Over the course of the past several years, there has been a rise in the number of people interested in autonomous vehicles. It was recently revealed, in the month of May 2019, that passengers using Lyft in the Phoenix metropolitan area in the state of Arizona in the United States will soon be able to request a ride in one of Waymo's autonomous minivans. The Lyft app will initially only have access to ten vehicles in the handful of surrounding communities when it first launches. After the arrival of driverless vehicles, big firms will shift their attention to the interiors of motor vehicles as their primary concern. Because of this, the seating configuration inside the autonomous vehicles will need to be altered.
A significant number of the most prominent automotive seat manufacturers, including Adient plc, are now engaged in research and development activities pertaining to the production of seats for autonomous vehicles.
Focus On Driverless Cars and A Growing Inclination for Ride Sharing to Open Opportunities
The automotive industry is placing a greater emphasis on the research and development of advanced driver assistance technologies in order to achieve its long-term objective of creating and commercialising fully automated driving experiences. There has also been a growth in the inclination among customers for services that provide mobility on demand, such as ride-sharing and car-sharing. According to a study that was carried out by the Victoria Transport Policy Institute (VTPI), more than 70% of completely autonomous cars would be utilised for ride-sharing, and just 30% of these automobiles are expected to be privately owned.
The steering wheel will be replaced with alternative passenger-centric interiors in L4 and L5 autonomous vehicles because these levels of autonomy require minimum or no assistance from the driver. The longevity of seats will be the single most crucial factor in the next years as the popularity of car-sharing grows. Given that multiple people would be riding in the same car at the same time, maintaining their privacy will be of the utmost importance. Because of this, there will be independent listening zones, noise-cancelling systems with speakers linked to each headrest, or multizone climate control utilised. The seats will be required to include the most recent technology features, in addition to being pleasant and offering safety. This will force seat manufacturers to innovate or acquire new and compelling products that capitalise upon new technologies in order to meet the preferences of original equipment manufacturers (OEM) and consumers.
Market Segmentation
Technology
Trim Material
Component
Vehicle Type
Electric & Hybrid Vehicle
Seat
Key Topics Covered:
1. Preface
2. Executive Summary
3. Automotive Seats Market: Business Outlook - Market Dynamics
4. Automotive Seats Market: By Technology, 2020-2030, USD (Million)
5. Automotive Seats Market: By Trim Material, 2020-2030, USD (Million)
6. Automotive Seats Market: By Component, 2020-2030, USD (Million)
7. Automotive Seats Market: By Vehicle Type, 2020-2030, USD (Million)
8. Automotive Seats Market: By Electric - Hybrid Vehicle, 2020-2030, USD (Million)
9. Automotive Seats Market: By Seat, 2020-2030, USD (Million)
10. North America Automotive Seats Market, 2020-2030, USD (Million)
11. UK and European Union Automotive Seats Market, 2020-2030, USD (Million)
12. Asia Pacific Automotive Seats Market, 2020-2030, USD (Million)
13. Latin America Automotive Seats Market, 2020-2030, USD (Million)
14. Middle East and Africa Automotive Seats Market, 2020-2030, USD (Million)
15. Company Profile
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/k0dnoj
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230323005402/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING MANUFACTURING AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2023.
PUB: 03/23/2023 05:36 AM/DISC: 03/23/2023 05:36 AM
http://www.businesswire.com/news/home/20230323005402/en