Market Size of Asia-Pacific Automotive Seat Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.12 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Automotive Seat Market Analysis
The Asia-Pacific automotive seat market is poised to register a CAGR of over 6.12 % during the forecast period (2020-2025).
- In 2019, the overall vehicle production in Asia-Pacific declined due to the trade war and economic slowdown. Although, Asia-Pacific holds a significant market share in the global automotive seat market.
- An automotive seat is among the important vehicle features for the OEMs as they focus on fuel economy, safety, and overall comfort and elegance.
- The powered seat and ventilated seat segments are expected to record high growth rates, owing to the increasing adoption of such seats in the mid-segment cars. Ventilated seats help in temperature regulation in-turn helps in reducing energy emissions through air conditioners, sunroofs, etc. Increased awareness about the intelligent seating solutions and values offered by the manufacturers have enhanced the perceived quality.
- China is one of the key markets not only in Asia-Pacific but globally. China's automotive industry is developing rapidly, and will also develop firmly in the future, so it will gauge a huge demand for automotive seating.
APAC Automotive Seat Industry Segmentation
The automotive seat market covers the latest trends and technological developments as well as provides analysis on the market demand on various segments like material type, technology, and vehicle type. Country-level analysis and the market share of major automotive seat producer companies in the Asia-Pacific.
By Material Type | |
Leather | |
Fabric | |
Other |
By Technology Type | |
Standard Seats | |
Powered Seats | |
Ventilated Seats | |
Child Safety Seats | |
Other Seats |
By Vehicle Type | |
Passenger Car | |
Commercial Vehicle |
By Country | |
China | |
Japan | |
India | |
South Korea | |
Rest of Asia-Pacific |
Asia-Pacific Automotive Seat Market Size Summary
The Asia-Pacific automotive seat market is experiencing significant growth, driven by the region's substantial share in the global automotive seat industry. Despite challenges such as trade wars and economic slowdowns affecting vehicle production in recent years, the market remains robust. The demand for advanced seating solutions, including powered and ventilated seats, is on the rise, particularly in mid-segment cars. These innovations are not only enhancing comfort and safety but also contributing to improved fuel efficiency and reduced energy emissions. China's rapid development in the automotive sector, especially in electric vehicles, is a key factor propelling the market forward. The increasing adoption of ventilated seats in electric vehicles is expected to further boost demand, with China leading the charge in this segment.
The market is characterized by a high level of consolidation, with major players like Adient PLC, Faurecia, and Lear Corporation dominating the landscape. These companies are heavily investing in research and development to innovate seating solutions, from child safety seats to autonomous car interiors. Strategic joint ventures and partnerships are prevalent, as seen with Adient's collaborations in China and Lear Corporation's expansion in Shanghai. The focus on advanced technology, comfort, and the burgeoning market for electric and autonomous vehicles are key drivers of growth. Additionally, companies like Toyota Boshoku Corporation are expanding their presence in the region to capitalize on the growing demand for automotive seats and interior components.
Asia-Pacific Automotive Seat Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Material Type
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2.1.1 Leather
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2.1.2 Fabric
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2.1.3 Other
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2.2 By Technology Type
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2.2.1 Standard Seats
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2.2.2 Powered Seats
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2.2.3 Ventilated Seats
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2.2.4 Child Safety Seats
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2.2.5 Other Seats
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2.3 By Vehicle Type
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2.3.1 Passenger Car
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2.3.2 Commercial Vehicle
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2.4 By Country
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2.4.1 China
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2.4.2 Japan
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2.4.3 India
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2.4.4 South Korea
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2.4.5 Rest of Asia-Pacific
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Asia-Pacific Automotive Seat Market Size FAQs
What is the current Asia-Pacific Automotive Seat Market size?
The Asia-Pacific Automotive Seat Market is projected to register a CAGR of 6.12% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Automotive Seat Market?
Adient PLC, Faurecia, Lear Corporation, TACHI-S Co.,Ltd. and Toyota Boshoku Corporation are the major companies operating in the Asia-Pacific Automotive Seat Market.