The Asia Pacific Passenger Car Seat Market would witness market growth of 2.0% CAGR during the forecast period (2023-2030).
Customers' perspectives on safety and comfort change frequently. Long-distance travel necessitates comfort, and the evolution of automobile seats has helped make it feasible to facilitate a pleasant driving experience. Such integrated systems that control seat functions are affordable and substantially improve vehicle performance. Due to incorporating technology in automotive body components, the demand for luxury vehicles among consumers is increasing. The liking for automobiles with comfortable seating grows as end-user customization increases, resulting in a more pleasant driving experience.
Due to the sustained growth of ultra-high-net-worth individuals, the luxury automobile industry is expanding. The high demand for high-priced automobiles has drawn new market entrants, particularly in China, leading to an increase in new product introductions, including memory seat ECUs. The entry and growing number of new market participants are anticipated to increase competition in the luxury automobiles industry, thereby providing consumers with a greater variety of options.
SUVs are available with a variety of seating configurations. For instance, a full-size SUV's first and second rows typically feature bucket seats, whereas the third row is generally configured with a divided bench and bucket seats. First-row seats in compact SUVs are always bucket seats, while second-row seats can be benches or buckets (may or may not be divided).
The Indian government reports that in 2021 there were 1,53,972 fatalities and 3,84,448 injuries due to 4,12,432 officially reported road incidents. Furthermore, the total volume of automobiles in China increased by 68.12% in ten years, from 207 million in 2010 to 348 million in 2019. With a rate of 9.6 per 100,000 compared to the average of 2.2 per 100,000, the rate of traffic fatalities in regional Australia in 2018 was significantly higher than that of urban areas. The increased number of motor vehicle collisions increases the need for safety equipment like airbags, seat belts, etc. Consequently, the rising rate of road traffic accidents is anticipated to provide growth opportunities for the regional market.
The China market dominated the Asia Pacific Passenger Car Seat Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,648.8 million by 2030. The Japan market is anticipated to grow at a CAGR of 1.3% during (2023 - 2030). Additionally, The India market would register a CAGR of 2.6% during (2023 - 2030).
Based on Seat Type, the market is segmented into Bucket, and Split/Bench. Based on Technology, the market is segmented into Powered Seats, Standard Seats, Heated Seats, Powered, Heated & Memory seats, Powered, Heated & ventilated seats, Powered, Heated, & Memory Seats, and Powered, Heated, Ventilated, Massage, & Memory Seats. Based on Trim Material, the market is segmented into Synthetic Leather, Genuine Leather, and Fabric & Foam. Based on Component Type, the market is segmented into Seat Belt, Seat Frame & Structure, Armrest, Pneumatic System, Seat Headrest, Side/Curtain Airbag, Seat Headrest, Seat Recliner & Height Adjuster, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Passenger Car Seat Market is Projected to reach USD 47.3 Billion by 2030, at a CAGR of 1.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adient plc, Faurecia (Groupe PSA), Lear Corporation, Aisin Corporation (Toyota Motor Corporation), Magna International, Inc., TS TECH Co., Ltd., Johnson Controls International PLC, NHK Spring Co., Ltd, TACHI-S CO., LTD., Gentherm Incorporated
By Seat Type
By Technology
By Trim Material
By Component Type
By Country
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