PUBLISHER: The Business Research Company | PRODUCT CODE: 1546555
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546555
A passenger car seat is a seat within a vehicle designed for the comfort and safety of passengers. These seats are engineered to meet regulatory standards for crash safety and ergonomic support, offering features such as adjustable positions, headrests, and integrated safety belts for passenger protection.
The main components of a passenger car seat include the seat belt, seat frame and structure, armrest, pneumatic system, seat headrest, side or curtain airbag, seat recliner, height adjuster, and others. Seat belts are essential safety devices designed to secure occupants in their seats, reducing the risk of injury in a collision. These seats can be made from various trim materials, such as synthetic leather, genuine leather, and fabric and foam, and are used in a variety of vehicles, including sedans, sport utility vehicles, pickup trucks, and others.
The passenger car seat market research report is one of a series of new reports from The Business Research Company that provides passenger car seat market statistics, including passenger car seat industry global market size, regional shares, competitors with a passenger car seat market share, detailed passenger car seat market segments, market trends and opportunities, and any further data you may need to thrive in the passenger car seat industry. This passenger car seat market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The passenger car seat market size has grown steadily in recent years. It will grow from $41.91 billion in 2023 to $43.25 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historical period can be attributed to stringent safety regulations, emphasis on comfort and ergonomics, aesthetic considerations, evolving consumer preferences, and the increasing popularity of electric vehicles.
The passenger car seat market size is expected to see steady growth in the next few years. It will grow to $49.29 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to the increasing adoption of electric and autonomous vehicles, a growing emphasis on sustainability, rising production and sales of passenger vehicles, increasing demand for improved aesthetics and comfort in cars, and the expanding use of powered seats in mid-segment cars and SUVs. Major trends expected during this period include the adoption of sustainable materials and manufacturing processes, advancements in materials technology, integration of smart technologies, adaptation to evolving regulatory standards, and a focus on ergonomic design.
The passenger car seat market is poised for growth driven by increasing production and sales of passenger vehicles. Passenger vehicles are automobiles designed primarily for transporting passengers rather than goods. Urbanization, rising disposable incomes, and advancements in automotive technology are key factors fueling the demand for passenger vehicles. Passenger car seats are crucial components enhancing functionality, comfort, and safety in these vehicles, essential for a secure and enjoyable driving experience. For example, in May 2023, the European Automobile Manufacturers Association reported a production of 10.9 million passenger cars in the European Union in 2022, marking an 8.3% increase from 2021. This underscores how the expanding production and sales of passenger vehicles are stimulating growth in the passenger car seat market.
Major players in the passenger car seat market are concentrating on developing innovative products, including next-generation safe car seats, to meet customer demands for enhanced safety features. Next-generation safe car seats incorporate advanced materials and technologies aimed at improving safety, performance, and efficiency. For instance, in January 2023, Babyark, an Israeli manufacturer specializing in digital smart child car seats, introduced the world's safest car seat. This innovative product integrates cutting-edge safety technologies and materials such as aerospace-grade carbon fiber and an energy-absorbing structure, significantly enhancing crash protection and durability. The seat is equipped with 14 sensors that monitor installation status, buckle engagement, and presence of the child in the vehicle, providing real-time safety alerts to caregivers.
In January 2023, Samvardhana Motherson International, an Indian automotive components manufacturer, acquired Saddles International Automotive for $25.1 million. This acquisition aims to diversify Samvardhana Motherson International's business portfolio and increase revenue per vehicle by expanding its automotive components range, particularly in premium automotive upholstery. Saddles International Automotive, based in India, specializes in manufacturing automotive seats for passenger vehicle applications, complementing Samvardhana Motherson International's existing product lines such as wiring harnesses, plastic components, and rearview mirrors.
Major companies operating in the passenger car seat market are Robert Bosch GmbH, Nissan Motor Co, Magna International Inc., Aisin Corporation, Johnson Controls International plc, Faurecia SE, Lear Corporation, Adient plc, Brose fahrzeugteile SE$Co., Leggett & Platt, NHK SPRING Co.Ltd., Tata Autocomp Systems Limited, GRAMMER AG, TACHI-S CO.LTD., Gentherm Inc., Kongsberg Automotive ASA, Sharda Motor Industries Ltd., RECARO Holding GmbH, Futuris Group, Bharat Seats Ltd., RCO Engineering Inc, Sitech Sitztechnik GmbH, SABELT, Hyundai Transys Co., Cogent Passenger Seating Ltd
Asia-Pacific was the largest region in the passenger car seat market in 2023. The regions covered in the passenger car seat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the passenger car seat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The passenger car seat market consists of sales of car power seats, car air conditioning seats, car seat heating pads, and car seat parts. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Passenger Car Seat Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on passenger car seat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for passenger car seat ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The passenger car seat market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.