The Asia Pacific automotive seat market is expected to grow from US$ 29,696.14 million in 2022 to US$ 43,296.04 million by 2030. It is estimated to grow at a CAGR of 4.8% from 2022 to 2030.
Based on technology, the Asia Pacific automotive seat market is segmented into heated, heated-ventilated, ventilated, massage functions, and others. In 2022, the heated segment registered the largest share in the Asia Pacific automotive seat market.
Based on adjustment type, the Asia Pacific automotive seat market is segmented into electrically adjusted, memory type, and manual. In 2022, the electrically adjusted segment registered the largest share in the Asia Pacific 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 Asia Pacific 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 Asia Pacific automotive seat market.
Based on seat type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific automotive seat market is segmented into China, Japan, India, South Korea, and the Rest of Asia Pacific. In 2022, China segment registered the largest share in the Asia Pacific automotive seat market.
Adient Plc, Bharat Seats Ltd, Forvia, Summit Auto Body Industry Co Ltd, 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 Asia Pacific automotive seat market.
Rising Demand for Premium Vehicles Drives Asia Pacific Automotive Seat Market
Premium vehicles have gained traction due to technology advancements that enhance driving experience and provide added safety features. Further, increasing disposable income has fueled the sales of premium vehicles. According to Trading Economics, the disposable personal income in India was US$ 2,415,846 million in 2020, which increased to US$ 2,886,265 million in 2021. It is expected to reach US$ 2,987,285 million in 2023 and US$ 3,221,733 million by 2025. Advanced automotive seats are among the latest technologies incorporated in premium vehicles. Heat/ventilated seats, heating coils, and electrically adjustable seats are a few advanced seat features that add extra comfort and luxury to the consumer. Comfortable seats have become the consumer's choice while traveling long distances. Relaxed, cozy, and restful seats help passengers avoid fatigue and motion sickness while traveling. Market players are constantly unveiling additional features in the automotive seats. In September 2022, Japan-based NHK Spring Co., Ltd. developed seats for self-driving cars to reduce passenger motion sickness. These seats are designed in such shape and size that helps passengers sit in a comfortable and relaxing position for long journeys. Thus, the aforementioned factors are increasing the demand for premium vehicles, thereby driving the Asia Pacific automotive seat market growth.Asia Pacific Automotive Seat Market Overview
Based on country, the Asia Pacific automotive seat market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The automotive industry across Asia Pacific has been experiencing significant growth over the years. According to the International Organization of Motor Vehicle Manufacturers, countries such as India, China, Indonesia, South Korea, and Thailand experienced a significant rise in vehicle production volume in 2022. Additionally, regional and global automotive manufacturers are investing in establishing new vehicle production plants across the region. For instance, in March 2022, Triton Electric Vehicle LLC announced the launch of its new production plant in Gujarat, India. In addition, in June 2022, BMW announced the opening of its new electric vehicle production plant in China with an investment of US$ 2.2 billion. The launch of new vehicle production plants is expected to increase the demand for automotive seats, contributing to the Asia Pacific automotive seat market growth in the region. Government initiatives such as subsidies and tax rebates to encourage the adoption of electric vehicles are expected to boost the sales of electric vehicles. Governments are investing in charging infrastructures through direct investments. For instance, in 2021, the Government of India allocated incentives of US$ 486 million for adopting 7,090 e-buses amounting to a subsidy of US$ 69,000 per bus. Also, in April 2021, the Indonesian government set a goal for adopting the EVs and to have 20% production of all domestic cars manufactured, which will be approximately 400,000 EVs, by 2025. Such growth prospects in the electric vehicle industry fuel the Asia Pacific automotive seat market growth.Asia Pacific Automotive Seat Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Automotive Seat Market Segmentation
The Asia Pacific automotive seat market is segmented into technology, adjustment type, vehicle type, seat type, and country.Based on technology, the Asia Pacific automotive seat market is segmented into heated, heated-ventilated, ventilated, massage functions, and others. In 2022, the heated segment registered the largest share in the Asia Pacific automotive seat market.
Based on adjustment type, the Asia Pacific automotive seat market is segmented into electrically adjusted, memory type, and manual. In 2022, the electrically adjusted segment registered the largest share in the Asia Pacific 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 Asia Pacific 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 Asia Pacific automotive seat market.
Based on seat type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific automotive seat market is segmented into China, Japan, India, South Korea, and the Rest of Asia Pacific. In 2022, China segment registered the largest share in the Asia Pacific automotive seat market.
Adient Plc, Bharat Seats Ltd, Forvia, Summit Auto Body Industry Co Ltd, 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 Asia Pacific automotive seat market.
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Automotive seat Market Landscape
5. Asia Pacific Automotive Seat Market - Key Market Dynamics
6. Automotive Seat - Asia Pacific Market Analysis
7. Asia Pacific Automotive Seat Market - by Technology
8. Asia Pacific Automotive Seat Market - by Adjustment Type
9. Asia Pacific Automotive Seat Market - by Vehicle Type
10. Asia Pacific Automotive Seat Market - by Seat Type
11. Asia Pacific Automotive Seat Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Executive Summary
At 4.8% CAGR, the Asia Pacific Automotive Seat Market is Speculated to be worth US$ 43,296.04 million by 2030.According to this research, the Asia Pacific automotive seat market was valued at US$ 29,696.14 million in 2022 and is expected to reach US$ 43,296.04 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Adoption of ABTS and rising demand for premium vehicles are the critical factors attributed to the Asia Pacific automotive seat market expansion.
All-Belts-to-Seat (ABTS) are seatbelts that can be cab mounted or built into the seat itself. According to SAE International, ABTS seatbelts have enhanced performance and retention in rear impacts than conventional seats without ABTS. It offers a supreme space-saving seating solution while maintaining optimal comfort and versatility. Such benefits of the ABTS are encouraging its adoption in the automotive sector. The focus on safety of the driver and passengers has led to the introduction of a few stringent government regulations. In February 2022, the Indian government mandated all automakers to equip a three-point seat belt system for front-facing passenger car seats. The three-point seat belt is also mandatory for the middle seat in the rear row of the car. The government focuses on including an advanced seat belt system, resulting in the adoption of several technologies. The market players such as Knoedler Manufacturers and H.O. Bostrom provide ABTS solutions to fuel their company’s organic or inorganic growth and strengthen their foothold. According to Fire Apparatus Manufacturers' Association, certain manufacturers offer ABTS dual-retractor seat belts as an additional safety feature to provide stronger, faster retraction, preventing snagging on equipment and harm to the belts from apparatus doors. These dual-retractor systems help accommodate larger occupants and/or bulky occupant-worn gear. Thus, the increasing adoption of ABTS is anticipated to fuel the Asia Pacific automotive seat market growth during the forecast period.
On the contrary, high-cost testing processes for startups and SMEs hurdles the growth of Asia Pacific automotive seat market.
Based on technology, the Asia Pacific automotive seat market is segmented into heated, heated-ventilated, ventilated, massage functions, and others. The ventilated segment held 31.6% share of Asia Pacific automotive seat market in 2022, amassing US$ 9,385.74 million. It is projected to garner US$ 14,148.47 million by 2030 to expand at 5.3% CAGR during 2022-2030.
Based on adjustment type, the Asia Pacific automotive seat market is segmented into electrically adjusted, memory type, and manual. The manual segment held 51.0% share of Asia Pacific automotive seat market in 2022, amassing US$ 15,152.59 million. It is projected to garner US$ 20,356.16 million by 2030 to expand at 3.8% 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 Asia Pacific automotive seat market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment held 72.2% share of Asia Pacific automotive seat market in 2022, amassing US$ 21,426.51 million. It is projected to garner US$ 31,937.14 million by 2030 to expand at 5.1% CAGR during 2022-2030.
Based on seat type, the Asia Pacific automotive seat market is segmented into front row, second row, and third row. The front row segment held 51.2% share of Asia Pacific automotive seat market in 2022, amassing US$ 15,217.74 million. It is projected to garner US$ 22,573.60 million by 2030 to expand at 5.1% 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 Asia Pacific automotive seat market is segmented into China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 48.1% share of Asia Pacific automotive seat market in 2022. It was assessed at US$ 14,276.54 million in 2022 and is likely to hit US$ 21,600.05 million by 2030, exhibiting a CAGR of 5.3% during 2022-2030.
Key players operating in the Asia Pacific automotive seat market report Adient Plc, Bharat Seats Ltd; Forvia, Summit Auto Body Industry Co Ltd, 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
- Bharat Seats Ltd
- Forvia
- Lear Corp
- Magna International Inc
- NHK Spring Co Ltd
- RECARO Holding GmbH
- Summit Auto Body Industry Co Ltd
- Tachi-S Engineering USA Inc
- Toyota Boshoku Corp
- TS Tech Co Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 173 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 29.7 Billion |
| Forecasted Market Value by 2030 | 43.3 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Asia Pacific |
