Sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) are widely purchased by consumers who frequently travel long distances. These vehicles have gained immense demand due to features such as more accommodation, comfortable seats, and luggage space. The high seating position in these vehicles allows the driver to get a superior view of the road with good visibility, which help make better judgment while maneuvering. Seats in these vehicles alleviate the driver and passengers’ comfort for longer tours, drastically shifting the consumer's preference toward SUVs and MPVs. According to International Energy Agency (IEA), in December 2021, the number of SUVs increased by 35 million in 2021 compared to 2020 globally. Its sales increased by 10% in 2021 compared to 2020. Market players are launching vehicles with various features to cater to the growing demand from consumers for SUVs and MPVs. In August 2021, Toyota Motor Corporation (Toyota) launched a new Land Cruiser with rearward front seats and revised second and third row seats. The third row seats can be retracted to make luggage loading and unloading easier; seats also feature motorized stowing to generously increase legroom and boot space. Thus, such vehicles are driving the demand for automotive seats.
The North America automotive seat market is segmented into the US, Canada, and Mexico. North America is the hub of technological development. The manufacturing industry is one of the major contributors to the region’s economy. Thus, governments in the region are increasing their investments to boost their manufacturing industry further. In January 2021, the US President announced the plan to strengthen the US manufacturing sector under the “Made in America” initiative, which focused on making the manufacturing sector technologically advanced and automated. He announced an investment of US$ 300 billion for the R&D and inclusion of advanced technologies to boost the country's production output, focusing on electric vehicle production. In September 2022, the President announced the plan to achieve a target of electric vehicles accounting for a 50% share of the total vehicles sold by 2030. To meet the target, companies such as Honda, Toyota, General Motors, Ford Motor Company, and Panasonic announced investments in manufacturing in North Carolina, Missouri, Michigan, Kansas, Ohio, and elsewhere. Growing initiatives by the government and rising investments in the manufacturing of electric vehicles are generating the demand for automotive seats and fueling the North America automotive seat market in North America. Market players such as Lear Corp, Adient Plc, Magna International Inc, and Tachi-S Engineering USA Inc are engaged in product development, partnerships, mergers, and acquisitions to boost their revenue and stay competitive in the North America automotive seat market. In January 2020, Adient Plc announced an investment of US$ 23.5 million to expand its manufacturing facility in Lexington, Tennessee. In February 2022, Lear Corp completed the acquisition of Kongsberg Automotive’s Interior Comfort Systems (ICS) business unit for US$ 198 million (EUR 175 million). This acquisition helped Lear Corp advance its seat component capabilities and expand its product offerings in increasingly popular thermal and comfortable seating solutions, such as seat heating, ventilation, massage, and lumbar support.
The North America automotive seat market is segmented into technology, adjustment type, vehicle type, seat type, and country.
Based on technology, the North America automotive seat market is segmented into heated, heated-ventilated, ventilated, with massage functions, and others. In 2022, the heated segment registered the largest share in the North America automotive seat market.
Based on adjustment type, the North America automotive seat market is segmented into electrically adjusted, memory type, and manual. In 2022, the electrically adjusted segment registered the largest share in the North America automotive seat market. 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 North America automotive seat market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. In 2022, the passenger vehicle segment registered the largest share in the North America automotive seat market.
Based on seat type, the North America automotive seat market is segmented into front row, second row, and third row. In 2022, the front row segment registered the largest share in the North America automotive seat market. 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 North America automotive seat market is segmented into the US, Canada, and Mexico. In 2022, the US registered the largest share in the North America automotive seat market.
Adient Plc; Forvia, 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 are some of the leading companies operating in the North America automotive seat market.
Strategic insights for the North America Automotive Seat provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 14,049.41 Million |
Market Size by 2030 | US$ 18,429.03 Million |
Global CAGR (2022 - 2030) | 3.5% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Automotive Seat refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Automotive Seat Market is valued at US$ 14,049.41 Million in 2022, it is projected to reach US$ 18,429.03 Million by 2030.
As per our report North America Automotive Seat Market, the market size is valued at US$ 14,049.41 Million in 2022, projecting it to reach US$ 18,429.03 Million by 2030. This translates to a CAGR of approximately 3.5% during the forecast period.
The North America Automotive Seat Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Automotive Seat Market report:
The North America Automotive Seat Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Automotive Seat Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Automotive Seat Market value chain can benefit from the information contained in a comprehensive market report.