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Asia-Pacific Automotive Seat Market Outlook to 2028

Region:Asia

Author(s):Yogita Sahu

Product Code:KROD1257

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Published On

October 2024

Total pages

89

About the Report

Asia-Pacific Automotive Seat Market Overview 

  • The Asia Pacific Automotive Seat Market size was valued at USD 37.34 billion in 2023. The market's growth is driven by the increasing demand for passenger cars, advancements in automotive technology, and a growing focus on vehicle safety and comfort. The rise in disposable income and urbanization in emerging economies like China and India has significantly contributed to the increased demand for automobiles, thereby propelling the automotive seat market. 

  • Major players in the market include Adient plc, Lear Corporation, Faurecia S.A., Toyota Boshoku Corporation, and TS Tech Co., Ltd. These companies dominate the market through continuous innovation, strategic partnerships, and extensive distribution networks. They are heavily investing in R&D to develop advanced seating solutions that offer enhanced comfort, safety, and connectivity 

  • In 2023, Faurecia, a leading automotive technology company, announced the opening of a new manufacturing facility in Pune, India, dedicated to producing advanced seating systems for passenger vehicles.?The new plant is strategically located in the industrial hub of Chakan and is expected to enhance Faurecia's production capabilities and meet the growing demand for high-quality automotive seats in the region. 

  • China is the dominant region in the Asia-Pacific automotive seat market, due to the country's large automotive production capacity and the presence of numerous global and local automotive manufacturers. The Chinese government's support for electric vehicle production and the growing demand for luxury vehicles further strengthen China's position in the market. 

market overviews

Asia-Pacific Automotive Seat Market Segmentation 

The market can be segmented into various factors like product and region. 

By Product: The market is segmented by product into standard seats, powered seats, and ventilated seats. In 2023, powered seats held a dominant market share due to their widespread adoption in premium and mid-segment vehicles. Powered seats offer enhanced comfort and convenience with adjustable settings and memory functions, making them highly desirable among consumers. 

market overviews

By Material: The market is segmented by material into fabric, leather, and synthetic materials. In 2023, leather seats accounted for the largest market share, driven by their luxurious appeal, durability, and comfort. Leather seats are predominantly used in premium and high-end vehicles where consumers are willing to pay a premium for quality and aesthetics.  

market overviews

By Region: The market is segmented by region into China, South Korea, Japan, India, Australia, and Rest of APAC. In 2023, China held the largest market share due to the country's strong presence of both global and domestic automotive manufacturers, coupled with supportive government policies, has solidified China's dominance in the regional market. 

Asia-Pacific Automotive Seat Market Competitive Landscape 

Company 

Establishment Year 

Headquarters 

Adient plc 

2016 

Dublin, Ireland 

Lear Corporation 

1917 

Southfield, Michigan, USA 

Faurecia S.A. 

1997 

Nanterre, France 

Toyota Boshoku Corporation 

1918 

Kariya, Japan 

TS Tech Co., Ltd. 

1960 

Asaka, Japan 

  • Lear Corporation: In 2023, Lear Corporation and Gentherm announced a partnership to develop innovative climate-controlled seats for electric vehicles. This collaboration aims to enhance passenger comfort and improve energy efficiency, with the launch of these advanced seating solutions expected by 2024, reflecting the industry's shift towards electric mobility. 

  • Toyota Boshoku Corporation: Toyota Boshoku Corporation has indeed made strides in sustainability with the introduction of eco-friendly seats made from sustainable materials. In 2023, the company showcased its commitment to reducing environmental impact through innovations such as the use of recycled plastics and plant-based fibers in seat production. This initiative is part of their broader strategy to lower the carbon footprint associated with vehicle manufacturing and cater to the growing demand from environmentally conscious consumers. 

Asia-Pacific Automotive Seat Market Analysis 

Market Growth Drivers 

  • Increasing Vehicle Production: In 2024, China produced over 23 million vehicles, while India produced around 5.5 million vehicles. This surge in production is driven by strong domestic demand and the expansion of manufacturing facilities by major automotive companies. The automotive seat market benefits directly from this growth, as higher vehicle production leads to increased demand for seats. 

  • Expansion of Electric Vehicle (EV) Market: In 2023, China registered reached 8.1 million new electric vehicles, while Japan saw registrations of approximately 800,000 units. Governments across the region are offering subsidies and incentives to promote EV adoption, which in turn drives the demand for specialized automotive seats designed for electric vehicles. The need for lightweight and energy-efficient seating solutions is particularly high in this segment. 

  • Advancements in Seat Manufacturing Technologies: Technological advancements in seat manufacturing are contributing to market growth. In 2024, the adoption of Industry 4.0 technologies, such as automation, robotics, and artificial intelligence (AI), in seat production processes increased significantly. These technologies enhance manufacturing efficiency, reduce production costs, and improve the quality of automotive seats.  

Market Challenges 

  • Supply Chain Disruptions: The automotive industry has faced several supply chain disruptions in recent years. In 2024, the Asia-Pacific region experienced a shortage of semiconductor chips, which impacted the production of various automotive components, including seats. This disruption caused delays and increased costs, posing a significant challenge for automotive seat manufacturers to meet production schedules. 

  • High Cost of Advanced Seating Solutions: One of the major challenges in the Asia-Pacific automotive seat market is the high cost associated with advanced seating solutions. In 2024, the average cost of a premium automotive seat is high that can be prohibitive for mid-segment and low-segment vehicle manufacturers, limiting the widespread adoption of advanced seating technologies. 

Government Initiatives 

  • Production-Linked Incentive (PLI) Scheme in India: In 2024, the Indian government continued its Production-Linked Incentive (PLI) Scheme for the automotive sector, with an outlay of ?25,938 crore. The scheme aims to boost domestic manufacturing and attract investments. This initiative supports the growth of the automotive seat market by encouraging local production and technological advancements. 

  • China's New Energy Vehicle (NEV) Subsidies: The Chinese government extended its subsidies for New Energy Vehicles (NEVs) in 2024, to support the purchase of electric and hybrid vehicles. These subsidies are designed to promote the adoption of NEVs, which require specialized seating solutions. The continued support for NEVs drives demand for advanced and lightweight automotive seats tailored to electric and hybrid vehicles. 

Asia-Pacific Automotive Seat Market Future Outlook 

The future trends include the integration of smart technologies, the growth of autonomous vehicles, the emphasis on sustainable materials, and increased customization and personalization of automotive seats. 

Future Market Trends 

  • Customization and Personalization: Customization and personalization of automotive seats will gain traction in the coming years. By 2028, it is anticipated that around 40% of consumers in the Asia-Pacific region will opt for customized seating solutions when purchasing new vehicles. This trend will be driven by advancements in manufacturing technologies, such as 3D printing, allowing manufacturers to offer personalized designs, colors, and features to meet individual preferences. 
  • Emphasis on Sustainable Materials: By 2028, it is projected that over 50% of automotive seats in the Asia-Pacific region will be made from sustainable materials. Manufacturers will focus on reducing their carbon footprint by using recycled and bio-based materials, driven by regulatory requirements and consumer demand for eco-friendly products. 

Scope of the Report

By Product

Standard Seats 

Powered Seats 

Ventilated Seats 

By Material 

Fabric 

Leather 

Synthetic 

By Region 

China 

South Korea 

Japan 

India 

Australia 

Rest of APAC 

Products

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report: 

  • Automotive Manufacturers 
  • Automotive Dealerships 
  • Investment Firms 
  • Banks and Financial Institutions 
  • Government Regulatory Bodies 
  • Venture Capitals 

Companies

Player Mentioned In the Report

  • Adient plc 
  • Lear Corporation 
  • Faurecia S.A. 
  • Toyota Boshoku Corporation 
  • TS Tech Co., Ltd. 
  • Magna International Inc. 
  • Johnson Controls International plc 
  • NHK Spring Co., Ltd. 
  • TACHI-S Co., Ltd. 
  • RECARO Automotive Seating 
  • GSK Group 
  • Brose Fahrzeugteile GmbH & Co. KG 
  • Grammer AG 
  • Futuris Group 
  • Gentherm Incorporated 

Table of Contents

1. Asia-Pacific Automotive Seat Market Overview 

1.1. Definition and Scope 

1.2. Market Taxonomy 

1.3. Market Growth Rate 

1.4. Market Segmentation Overview 

2. Asia-Pacific Automotive Seat Market Size (in USD Bn), 2018-2023 

2.1. Historical Market Size 

2.2. Year-on-Year Growth Analysis 

2.3. Key Market Developments and Milestones 

3. Asia-Pacific Automotive Seat Market Analysis 

3.1. Growth Drivers 

3.1.1. Increasing Vehicle Production 

3.1.2. Expansion of Electric Vehicle Market 

3.1.3. Rising Demand for Luxury Vehicles 

3.1.4. Investments in Advanced Seating Technologies 

3.2. Restraints 

3.2.1. High Cost of Advanced Seating Solutions 

3.2.2. Supply Chain Disruptions 

3.2.3. Stringent Safety Regulations 

3.3. Opportunities 

3.3.1. Expansion of Ride-Hailing and Car-Sharing Industry 

3.3.2. Increase in Commercial Vehicle Production 

3.3.3. Adoption of Smart Seating Technologies 

3.4. Trends 

3.4.1. Integration of Smart Technologies 

3.4.2. Growth of Autonomous Vehicles 

3.4.3. Emphasis on Sustainable Materials 

3.5. Government Regulation 

3.5.1. Production-Linked Incentive (PLI) Scheme in India 

3.5.2. China's New Energy Vehicle (NEV) Subsidies 

3.5.3. Japan's Green Growth Strategy 

3.5.4. South Korea's Smart Mobility Initiative 

3.6. SWOT Analysis 

3.7. Stake Ecosystem 

3.8. Competition Ecosystem 

4. Asia-Pacific Automotive Seat Market Segmentation, 2023 

4.1. By Product Type (in Value %) 

4.1.1. Standard Seats 

4.1.2. Powered Seats 

4.1.3. Ventilated Seats 

4.2. By Material Type (in Value %) 

4.2.1. Fabric 

4.2.2. Leather 

4.2.3. Synthetic 

4.3. By Region (in Value %) 

4.3.1. China 

4.3.2. South Korea 

4.3.3. Japan 

4.3.4. India 

4.3.5. Australia 

4.3.6. Rest of APAC 

5. Asia-Pacific Automotive Seat Market Cross Comparison 

5.1 Detailed Profiles of Major Companies 

5.1.1. Adient plc 

5.1.2. Lear Corporation 

5.1.3. Faurecia S.A. 

5.1.4. Toyota Boshoku Corporation 

5.1.5. TS Tech Co., Ltd. 

5.1.6. Magna International Inc. 

5.1.7. Johnson Controls International plc 

5.1.8. NHK Spring Co., Ltd. 

5.1.9. TACHI-S Co., Ltd. 

5.1.10. RECARO Automotive Seating 

5.1.11. GSK Group 

5.1.12. Brose Fahrzeugteile GmbH & Co. KG 

5.1.13. Grammer AG 

5.1.14. Futuris Group 

5.1.15. Gentherm Incorporated 

6. Asia-Pacific Automotive Seat Market Competitive Landscape 

6.1. Market Share Analysis 

6.2. Strategic Initiatives 

6.3. Mergers and Acquisitions 

6.4. Investment Analysis 

6.4.1. Venture Capital Funding 

6.4.2. Government Grants 

6.4.3. Private Equity Investments 

7. Asia-Pacific Automotive Seat Market Regulatory Framework 

7.1. Environmental Standards 

7.2. Compliance Requirements 

7.3. Certification Processes 

8. Asia-Pacific Automotive Seat Future Market Size (in USD Bn), 2023-2028 

8.1. Future Market Size Projections 

8.2. Key Factors Driving Future Market Growth 

9. Asia-Pacific Automotive Seat Future Market Segmentation, 2028 

9.1. By Product Type (in Value %) 

9.2. By Material Type (in Value %) 

9.3. By Region (in Value %) 

10. Asia-Pacific Automotive Seat Market Analysts’ Recommendations 

10.1. TAM/SAM/SOM Analysis 

10.2. Customer Cohort Analysis 

10.3. Marketing Initiatives 

10.4. White Space Opportunity Analysis 

Disclaimer 

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Research Methodology

Step:1 Identifying Key Variables:     

Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around the market to collate industry level information.    

Step:2 Market Building:     

Collating statistics on the Asia-Pacific automotive seat industry over the years, penetration of marketplaces and service providers ratio to compute revenue generated for Asia-Pacific automotive seat industry. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared.    

Step:3 Validating and Finalizing:     

Building market hypothesis and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives.    

Step:4 Research output:     

Our team will approach multiple automotive seat manufacturers companies and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from such automotive seat manufacturers companies.    

Frequently Asked Questions

01 How big is the Asia-Pacific Automotive Seat market?    

The Asia Pacific Automotive Seat Market size was valued at USD 37.34 billion in 2023. The market's growth is driven by the increasing demand for passenger cars, advancements in automotive technology, and a growing focus on vehicle safety and comfort.     

02 What are the challenges in Asia-Pacific Automotive Seat market?    

The major challenges in the Asia-Pacific automotive seat market include the high cost of advanced seating solutions, supply chain disruptions, stringent safety regulations, and environmental concerns.   

03 Who are the major players in the Asia-Pacific Automotive Seat market?    

Key players in the Asia-Pacific automotive seat market include include Adient plc, Lear Corporation, Faurecia S.A., Toyota Boshoku Corporation, and TS Tech Co., Ltd.   

04 What are the main growth drivers of the Asia-Pacific Automotive Seat market?    

The main growth drivers in the Asia-Pacific automotive seat include increasing vehicle production, the expansion of the electric vehicle market, investments in advanced seating technologies, and rising demand for luxury vehicles. 

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