At 4.8% CAGR, the Asia Pacific Automotive Seat Market is Projected to be worth US$ 43,296.04 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific automotive seat market was valued at US$ 29,696.14 million in 2022 and is expected to reach US$ 43,296.04 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Adoption of ABTS and rising demand for premium vehicles are the critical factors attributed to the Asia Pacific automotive seat market expansion.

All-Belts-to-Seat (ABTS) are seatbelts that can be cab mounted or built into the seat itself. According to SAE International, ABTS seatbelts have enhanced performance and retention in rear impacts than conventional seats without ABTS. It offers a supreme space-saving seating solution while maintaining optimal comfort and versatility. Such benefits of the ABTS are encouraging its adoption in the automotive sector. The focus on safety of the driver and passengers has led to the introduction of a few stringent government regulations. In February 2022, the Indian government mandated all automakers to equip a three-point seat belt system for front-facing passenger car seats. The three-point seat belt is also mandatory for the middle seat in the rear row of the car. The government focuses on including an advanced seat belt system, resulting in the adoption of several technologies. The market players such as Knoedler Manufacturers and H.O. Bostrom provide ABTS solutions to fuel their company’s organic or inorganic growth and strengthen their foothold. According to Fire Apparatus Manufacturers' Association, certain manufacturers offer ABTS dual-retractor seat belts as an additional safety feature to provide stronger, faster retraction, preventing snagging on equipment and harm to the belts from apparatus doors. These dual-retractor systems help accommodate larger occupants and/or bulky occupant-worn gear. Thus, the increasing adoption of ABTS is anticipated to fuel the Asia Pacific automotive seat market growth during the forecast period.

On the contrary, high-cost testing processes for startups and SMEs hurdles the growth of Asia Pacific automotive seat market.

Based on technology, the Asia Pacific automotive seat market is segmented into heated, heated-ventilated, ventilated, massage functions, and others. The ventilated segment held 31.6% share of Asia Pacific automotive seat market in 2022, amassing US$ 9,385.74 million. It is projected to garner US$ 14,148.47 million by 2030 to expand at 5.3% CAGR during 2022–2030.

Based on adjustment type, the Asia Pacific automotive seat market is segmented into electrically adjusted, memory type, and manual. The manual segment held 51.0% share of Asia Pacific automotive seat market in 2022, amassing US$ 15,152.59 million. It is projected to garner US$ 20,356.16 million by 2030 to expand at 3.8% CAGR during 2022–2030. The electrically adjusted segment is further segmented into 4 ways, 6 ways, 8 ways, 12 ways, and others. The memory type segment is further segmented into with memory function and without memory function.

Based on vehicle type, the Asia Pacific automotive seat market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment held 72.2% share of Asia Pacific automotive seat market in 2022, amassing US$ 21,426.51 million. It is projected to garner US$ 31,937.14 million by 2030 to expand at 5.1% CAGR during 2022–2030.

Based on seat type, the Asia Pacific automotive seat market is segmented into front row, second row, and third row. The front row segment held 51.2% share of Asia Pacific automotive seat market in 2022, amassing US$ 15,217.74 million. It is projected to garner US$ 22,573.60 million by 2030 to expand at 5.1% CAGR during 2022–2030. The front row segment is further segmented into regular, bucket, and sports. The second-row segment is further segmented into bench and captain. The third-row segment is further segmented into bench and captain.

Based on country, the Asia Pacific automotive seat market is segmented into China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 48.1% share of Asia Pacific automotive seat market in 2022. It was assessed at US$ 14,276.54 million in 2022 and is likely to hit US$ 21,600.05 million by 2030, exhibiting a CAGR of 5.3% during 2022–2030.

Key players operating in the Asia Pacific automotive seat market report Adient Plc, Bharat Seats Ltd; Forvia, Summit Auto Body Industry Co Ltd, Lear Corp, Magna International Inc, NHK Spring Co Ltd, RECARO Holding GmbH, Tachi-S Engineering USA Inc, Toyota Boshoku Corp, and TS Tech Co Ltd, among others.