Market Size of China Automotive Seats Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
China Automotive Seats Market Analysis
The China Automotive Seat Market was valued at USD 3392.12 million in 2021 and is expected to reach USD 4370.09 million in 2027 registering a CAGR of around 4% during the forecast period.
The COVID-19 pandemic had a negative impact on the market during the first half of 2020 as a shutdown of manufacturing facilities and lockdowns resulted in a decline in vehicle production across the country. However, by end of 2020, vehicle sales increased creating a positive outlook for the vehicle manufacturers and seat manufacturers. For instance, In December 2020, a report released by the China Association of Automobile Manufacturers (CAAM) stated that
Overall vehicle production in December 2020 totaled 2.84 million units, reflecting a 5.7% year-on-year increase, while sales totaled 2.831 million units, reflecting a 6.4% year-on-year increase. However, 2020 year total production for January through December totaled 25.2 million units with a 2.0% decline compared to the same period in the previous year, and sales were 25.311 million units, reflecting a 1.9% y/y decline.
Over the medium term, growing consumer inclination toward safety and comfort coupled with recovering sales and a positive outlook for the automotive industry especially premium and luxury cars expected to drive demand for the market. In addition, increased adoption of electric vehicles is also likely to contribute to the growth of the market.
Moreover, the shift in focus of automotive manufacturers to reduce the overall vehicle weight with the use of advanced fabric material for seats is anticipated to offer new opportunities for players operating in the market. The majority of luxurious vehicles are generally equipped with leather seats, which provide premium quality seats and look to the vehicle. For example, According to data from the China Automobile Dealers Association, China's luxury vehicle sales in the first 11 months of the year 2021 exceeded 2 million units with a year-on-year increase of over 5%. This also marked the third consecutive year for luxury brands to register growth in the wake of downward pressure in China's overall automotive market.
Further, advancements in seat technology like Smart Seats and simultaneous innovations in seats to suit connected cars and autonomous cars are anticipated to offer new opportunities for players operating in the market. Apart from this, the emerging trend of autonomous vehicles is encouraging manufacturers to design intelligent seating systems with superior comfort and ergonomics and light and sustainable materials.
China Automotive Seats Industry Segmentation
In general, the automotive seat is an important part of a vehicle that intends to provide comfort to the person who is driving. The standard car seat is designed to support the thighs, the buttocks, lower and upper back, and head support. The front driver and passenger seats of most vehicles have three main parts: the seat back (squab), the seat base (cushion), and the headrest.
The China automotive seat market covers the latest trends in the seating industry, demand for these advancements in seats, new product developments, and the market share of major vehicle manufacturers in the country. The Scope of the China automotive seat market covers segmentation based on Material Type. Technology type, and Vehicle type. By Material Type, the market is segmented into Leather, Fabric, and Others.
By Technology type, the market is segmented into Standard Seats, Powered Seats, and Ventilated Seats. By Vehicle type, the market is segmented into Passenger Cars and Commercial Vehicles. For each segment, market sizing and forecast have been done on basis of value (USD million).
By Material | |
Leather | |
Fabric | |
Other Materials |
By Technology | |
Standard Seats | |
Powered Seats | |
Ventilated Seats |
By Vehicle Type | |
Passenger Cars | |
Commercial Vehicles |
China Automotive Seats Market Size Summary
The China automotive seats market is poised for growth, driven by a resurgence in vehicle production and a shift towards premium and luxury vehicles. The market experienced a downturn due to the COVID-19 pandemic, which disrupted manufacturing and led to a decline in vehicle production. However, by the end of 2020, the market began to recover, with increased vehicle sales and a positive outlook for the automotive industry. The growing consumer preference for safety, comfort, and the adoption of electric vehicles are expected to further propel market demand. Additionally, advancements in seat technology, such as smart and ventilated seats, are creating new opportunities for market players. The trend towards reducing vehicle weight through the use of advanced materials is also anticipated to contribute to market growth.
The market is moderately consolidated, with key players like Yanfeng Adient Seating, Lear Corporation, and Faurecia SE actively expanding their presence in China through joint ventures and strategic partnerships. The demand for luxury and premium car interiors, particularly those featuring leather and advanced seating technologies, is driving the market's expansion. The ventilated seat segment, in particular, is expected to see significant growth, supported by rising vehicle production and increasing consumer demand for comfort features. The market's future looks promising, with opportunities in various vehicle segments, including mid-size cars, SUVs, and electric vehicles. As manufacturers continue to innovate and enhance vehicle comfort standards, the automotive seats market in China is set to experience substantial growth in the coming years.
China Automotive Seats 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 Force 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
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2.1.1 Leather
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2.1.2 Fabric
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2.1.3 Other Materials
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2.2 By Technology
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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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2.3 By Vehicle Type
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2.3.1 Passenger Cars
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2.3.2 Commercial Vehicles
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China Automotive Seats Market Size FAQs
What is the current China Automotive Seats Market size?
The China Automotive Seats Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in China Automotive Seats Market?
Lear Corporation, Yanfeng Adient Seating Co. Ltd, Faurecia SE, Magna International Inc. and Toyota Boshoku are the major companies operating in the China Automotive Seats Market.