The Europe automotive seat market is expected to grow from US$ 13,013.58 million in 2022 to US$ 17,870.87 million by 2030. It is estimated to grow at a CAGR of 4.0% from 2022 to 2030.
Based on technology, the Europe automotive seat market is segmented into heated, heated-ventilated, ventilated, with massage functions, and others. In 2022, the heated segment registered the largest share in the Europe automotive seat market.
Based on adjustment type, the Europe automotive seat market is segmented into electrically adjusted, memory type, and manual. In 2022, the electrically adjusted segment registered the largest share in the Europe automotive seat market. The electrically adjusted segment is further segmented into 4 ways, 6 ways, 8 ways, 12 ways, and others. The memory type segment is further segmented into with memory function and without memory function.
Based on vehicle type, the Europe automotive seat market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. In 2022, the passenger vehicle segment registered the largest share in the Europe automotive seat market.
Based on seat type, the Europe automotive seat market is segmented into front row, second row, and third row. In 2022, the front row segment registered the largest share in the Europe automotive seat market. The front row segment is further segmented into regular, bucket, and sports. The second-row segment is further segmented into bench and captain. The third-row segment is further segmented into bench and captain.
Based on country, the Europe automotive seat market is segmented into the France, Germany, the UK, Italy, Russia, and the Rest of Europe. In 2022, Germany registered the largest share in the Europe automotive seat market.
Adient Plc, Forvia, Lear Corp, Magna International Inc, NHK Spring Co Ltd, RECARO Holding GmbH, Tachi-S Engineering USA Inc, Toyota Boshoku Corp, and TS Tech Co Ltd are some of the leading companies operating in the Europe automotive seat market.
Penetration of Heated/Ventilated Technology in Low Segment Cars Drive Europe Automotive Seat Market
The comfort of passengers and driver is a must to enhance safety and avoid accidents. This has led to the introduction of heated/ventilated technology in seats. The advantages of this technology in vehicles can be significantly experienced while travelling in extreme weather conditions. The heated/ventilated seats play an important role in ensuring optimal seat temperature. Ventilated seats are equipped with vents or small fans for forced air circulation, which helps in providing an immediate cooling effect. Heated seats are equipped with internal thermostats to maintain seat temperature. Although advanced technologies are widely adopted in high-end cars, they are likely to be introduced in low segment cars in the near future due to the growing demand. As air conditioners consume energy from the engine for its operation, it reduces fuel efficiency by 21-24% and increases carbon emissions by 120%. This could increase the expense of people using low segment cars. With the inclusion of heated/ventilated seats in low segment cars, significant fuel cost can be saved. Therefore, the penetration of heated/ventilated technology in low segment cars is anticipated to provide lucrative opportunities for the Europe automotive seat market during the forecast period.Europe Automotive Seat Market Overview
The Europe automotive seat market is segmented into Germany, Italy, France, the UK, Russia, and the Rest of Europe. The European Commission has taken several initiatives to develop the automotive industry in the region. Further, the national regulatory bodies are taking numerous initiatives to support the development of the automotive industry in the region. For instance, CARS 2020 Action Plan, GEAR 2030, and Horizon 2020 are a few major European government initiatives augmenting vehicle production in the region. The Horizon 2020 Plan focuses on providing funds for research & development (R&D) activities in the automotive industry by launching programs such as the European Green Vehicles Initiative for smart mobility, road transport, and logistics. In March 2022, Ford planned to introduce three new electric passenger vehicles and four new electric commercial vehicles in Europe by 2024; the company plans to sell more than 600,000 electric vehicles in the region by 2026. Therefore, the presence of a robust automotive industry helps boost the demand for automobiles, further driving the Europe automotive seat market. The rise in disposable income has contributed to the robust consumer buying power. For instance, according to the Office of National Statistics, the UK’s median household disposable income increased by an average of 0.7% per year between 2020 and 2022. The growing consumer preference for the adoption of comfortable vehicles for family and friends for weekend getaways and tours contributes to the Europe automotive seat market growth in Europe. In addition, market players in the region are expanding their business worldwide to gain a competitive advantage over the other market players. For instance, in October 2020, Germany-based RECARO Holding GmbH expanded its business in North America by opening an advanced development and production facility in the region. Thus, business expansion helps the market players reach more customers, fuels their revenue growth, and drives the Europe automotive seat market.Europe Automotive Seat Market Revenue and Forecast to 2030 (US$ Million)
Europe Automotive Seat Market Segmentation
The Europe automotive seat market is segmented into technology, adjustment type, vehicle type, seat type, and country.Based on technology, the Europe automotive seat market is segmented into heated, heated-ventilated, ventilated, with massage functions, and others. In 2022, the heated segment registered the largest share in the Europe automotive seat market.
Based on adjustment type, the Europe automotive seat market is segmented into electrically adjusted, memory type, and manual. In 2022, the electrically adjusted segment registered the largest share in the Europe automotive seat market. The electrically adjusted segment is further segmented into 4 ways, 6 ways, 8 ways, 12 ways, and others. The memory type segment is further segmented into with memory function and without memory function.
Based on vehicle type, the Europe automotive seat market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. In 2022, the passenger vehicle segment registered the largest share in the Europe automotive seat market.
Based on seat type, the Europe automotive seat market is segmented into front row, second row, and third row. In 2022, the front row segment registered the largest share in the Europe automotive seat market. The front row segment is further segmented into regular, bucket, and sports. The second-row segment is further segmented into bench and captain. The third-row segment is further segmented into bench and captain.
Based on country, the Europe automotive seat market is segmented into the France, Germany, the UK, Italy, Russia, and the Rest of Europe. In 2022, Germany registered the largest share in the Europe automotive seat market.
Adient Plc, Forvia, Lear Corp, Magna International Inc, NHK Spring Co Ltd, RECARO Holding GmbH, Tachi-S Engineering USA Inc, Toyota Boshoku Corp, and TS Tech Co Ltd are some of the leading companies operating in the Europe automotive seat market.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Automotive seat Market Landscape
5. Europe Automotive Seat Market - Key Market Dynamics
6. Automotive Seat - Europe Market Analysis
7. Europe Automotive seat Market - by Technology
8. Europe Automotive Seat Market - by Adjustment Type
9. Europe Automotive Seat Market - by Vehicle Type
10. Europe Automotive Seat Market - by Seat Type
11. Europe Automotive Seat Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Executive Summary
At 4.0% CAGR, the Europe Automotive Seat Market is Speculated to be worth US$ 17,870.87 million by 2030.According to this research, the Europe automotive seat market was valued at US$ 13,013.58 million in 2022 and is expected to reach US$ 17,870.87 million by 2030, registering a CAGR of 4.0% from 2022 to 2030. Increasing adoption of powered seats in SUVs and MPVs and penetration of heated/ventilated technology in low segment cars are the critical factors attributed to the Europe automotive seat market expansion.
Sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) are widely purchased by consumers who frequently travel long distances. These vehicles have gained immense demand due to features such as more accommodation, comfortable seats, and luggage space. The high seating position in these vehicles allows the driver to get a superior view of the road with good visibility, which help make better judgment while maneuvering. Seats in these vehicles alleviate the driver and passengers’ comfort for longer tours, drastically shifting the consumer's preference toward SUVs and MPVs. According to International Energy Agency (IEA), in December 2021, the number of SUVs increased by 35 million in 2021 compared to 2020 globally. Its sales increased by 10% in 2021 compared to 2020. Market players are launching vehicles with various features to cater to the growing demand from consumers for SUVs and MPVs. In August 2021, Toyota Motor Corporation (Toyota) launched a new Land Cruiser with rearward front seats and revised second and third row seats. The third row seats can be retracted to make luggage loading and unloading easier; seats also feature motorized stowing to generously increase legroom and boot space. Thus, such vehicles are driving the demand for automotive seats.
On the contrary, high-cost testing processes for startups and SMEs hurdles the growth of Europe automotive seat market.
Based on technology, the Europe automotive seat market is segmented into heated, heated-ventilated, ventilated, with massage functions, and others. The heated segment held 36.9% share of Europe automotive seat market in 2022, amassing US$ 4,799.47 million. It is projected to garner US$ 7,315.36 million by 2030 to expand at 5.4% CAGR during 2022-2030.
Based on adjustment type, the Europe automotive seat market is segmented into electrically adjusted, memory type, and manual. The electrically adjusted segment held 68.5% share of Europe automotive seat market in 2022, amassing US$ 8,911.38 million. It is projected to garner US$ 12,513.53 million by 2030 to expand at 4.3% CAGR during 2022-2030. The electrically adjusted segment is further segmented into 4 ways, 6 ways, 8 ways, 12 ways, and others. The memory type segment is further segmented into with memory function and without memory function.
Based on vehicle type, the Europe automotive seat market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment held 79.4% share of Europe automotive seat market in 2022, amassing US$ 10,332.76 million. It is projected to garner US$ 14,408.84 million by 2030 to expand at 4.2% CAGR during 2022-2030.
Based on seat type, the Europe automotive seat market is segmented into front row, second row, and third row. The front row segment held 51.9% share of Europe automotive seat market in 2022, amassing US$ 6,747.89 million. It is projected to garner US$ 9,416.84 million by 2030 to expand at 4.3% CAGR during 2022-2030. The front row segment is further segmented into regular, bucket, and sports. The second-row segment is further segmented into bench and captain. The third-row segment is further segmented into bench and captain.
Based on country, the Europe automotive seat market is segmented into the France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.1% share of Europe automotive seat market in 2022. It was assessed at US$ 3,265.92 million in 2022 and is likely to hit US$ 5,052.23 million by 2030, exhibiting a CAGR of 5.6% during 2022-2030.
Key players operating in the Europe automotive seat market report Adient Plc, Forvia, Lear Corp, Magna International Inc, NHK Spring Co Ltd, RECARO Holding GmbH, Tachi-S Engineering USA Inc, Toyota Boshoku Corp, and TS Tech Co Ltd, among others.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adient Plc
- Forvia
- Lear Corp
- Magna International Inc
- NHK Spring Co Ltd
- RECARO Holding GmbH
- Tachi-S Engineering USA Inc
- Toyota Boshoku Corp
- TS Tech Co Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 13.01 Billion |
| Forecasted Market Value by 2030 | 17.87 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Europe |
