Automotive Seat Market Regional Analysis:
Asia Pacific Market Insights
Asia Pacific industry is poised to dominate majority revenue share of 41.2% by 2035 share owing to rapidly expanding automotive sector and rising investments in electric vehicle technology in countries including, China, Japan, South Korea, and India. Other factors such as high demand for comfort and convenience, increasing focus on passenger safety, and rising disposable income are expected to fuel market growth in Asia Pacific.
In China, the automotive seat market is expected to witness significant growth owing to rapid advancements in technology and growing demand for powered and heated seats as the center of the world's automobile manufacturing, China is home to many industry players, the majority of whom have joint ventures with local manufacturers. For example, in December 2021 Adient signed final agreements with Yanfeng Automotive Trim Systems Ltd as part of its strategy shift in China. Through this, the company plans to expand into various segments, including automotive seats.
As the automobile industry in Japan moves toward offering a fully automated driving experience, the development of advanced driver-aid technologies is a top goal. Factors such as high focus on passenger safety, the growing trend toward personalization in luxury and premium cars, and rising sales of top-end models in Japan are expected to drive automotive seat market growth.
North America Market Insights
North America is expected to experience a stable CAGR during the forecast period owing to rising sales of different types of automobiles, high integration of smart technologies such as memory foams and sensors in seats, and the presence of leading key players. Customers like vehicles with roomy cabins and comfortable seating. To cater to this, companies are investing in R&D activities to develop seats that are comfortable and have excellent padding.
The U.S. is anticipated to be one of the leading application markets for automotive seats. Manufacturers are taking advantage of the rising consumer demand to introduce new technologies in luxury automobiles, such as massage, memory, and heated and ventilated seats. Throughout the forecast period, the US government's push for electric mobility is anticipated to be another factor propelling the market's expansion.
