South & Central America Automotive Seat Market
The comfort of passengers and driver is a must to enhance safety and avoid accidents. This has led to the introduction of heated/ventilated technology in seats. The advantages of this technology in vehicles can be significantly experienced while travelling in extreme weather conditions. The heated/ventilated seats play an important role in ensuring optimal seat temperature. Ventilated seats are equipped with vents or small fans for forced air circulation, which helps in providing an immediate cooling effect. Heated seats are equipped with internal thermostats to maintain seat temperature. Although advanced technologies are widely adopted in high-end cars, they are likely to be introduced in low segment cars in the near future due to the growing demand. As air conditioners consume energy from the engine for its operation, it reduces fuel efficiency by 21–24% and increases carbon emissions by 120%. This could increase the expense of people using low segment cars. With the inclusion of heated/ventilated seats in low segment cars, significant fuel cost can be saved. Therefore, the penetration of heated/ventilated technology in low segment cars is anticipated to provide lucrative opportunities for the South & Central America automotive seat market during the forecast period.
The automotive industry in South & Central America is going through a transitional shift toward electric vehicle mobility. The government has played a substantial role in developing the automotive industry. The increase in commercial and passenger vehicle sales in Brazil over the past decade was primarily driven by national economic growth, favorable consumer credit policies, and fiscal incentives offered by the government. The growing production capabilities of electric vehicles from leading players are creating potential opportunities for market growth. For instance, Daimler Truck Holding AG, a German automotive manufacturer, started manufacturing its first Mercedes-Benz electric bus in Brazil between November and December 2022. The company projected that the demand for electric buses in Brazil would reach 1,000 buses in 2023 and 3,000 buses by 2024. As per a report by the Automotive Association of Peru (AAP), in 2021, the sales of hybrid and electric vehicles in Peru exceeded the sales in 2020 by 151.7%, the highest level yet recorded. Thus, the increase in the production of EVs in SAM is leveraging the demand for automotive seats, driving the South & Central America automotive seat market.
The South & Central America automotive seat market is segmented into technology, adjustment type, vehicle type, seat type, and country.
Based on technology, the South & Central America automotive seat market is segmented into heated, heated-ventilated, ventilated, with massage functions, and others. In 2022, the ventilated segment registered the largest share in the South & Central America automotive seat market.
Based on adjustment type, the South & Central America automotive seat market is segmented into electrically adjusted, memory type, and manual. In 2022, the manual segment registered the largest share in the South & Central 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 South & Central 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 South & Central America automotive seat market.
Based on seat type, the South & Central 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 South & Central 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 South & Central America automotive seat market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, Brazil registered the largest share in the South & Central America automotive seat market.
Adient Plc, Forvia, Lear Corp, Magna International Inc, NHK Spring Co Ltd, Tachi-S Engineering USA Inc, Toyota Boshoku Corp, and TS Tech Co Ltd are some of the leading companies operating in the South & Central America automotive seat market.
Strategic insights for the South & Central 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$ 1,709.18 Million |
| Market Size by 2030 | US$ 1,972.01 Million |
| Global CAGR (2022 - 2030) | 1.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South & Central 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 South & Central America Automotive Seat Market is valued at US$ 1,709.18 Million in 2022, it is projected to reach US$ 1,972.01 Million by 2030.
As per our report South & Central America Automotive Seat Market, the market size is valued at US$ 1,709.18 Million in 2022, projecting it to reach US$ 1,972.01 Million by 2030. This translates to a CAGR of approximately 1.8% during the forecast period.
The South & Central 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 South & Central America Automotive Seat Market report:
The South & Central America Automotive Seat Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Automotive Seat Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Automotive Seat Market value chain can benefit from the information contained in a comprehensive market report.
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