The global market for Automotive seating systems was predicted to reach US$ 65,462.4 million in 2022. Technical advancement and the expansion of applications are expected to be the primary driving forces behind the market growth. By the end of 2032, it is expected that global sales of automotive seating systems would have grown to around US$ 88,833.9 million, with a robust CAGR of 3.10% between 2022 and 2032.
The features, price, and design of automobiles change from one model to the next. Premium vehicles have more expensive seating systems with cutting-edge amenities like automatic heating. To reduce risks in the event of accidents, several manufacturers are creating and designing vehicle seating systems combined with smart technology and better safety features.
The new lightweight designs of car seating systems also improve the vehicles’ fuel efficiency. Additionally, the growing demand for luxury cars and compact cars in developing nations like Brazil and India will open up the new market potential for the automotive seating systems industry worldwide. Over the forecast period, the market for automotive seating systems will have a moderate CAGR.
Some of the major players:
Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc, and IFB Automotive among others.