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Global Automotive Seats Market 2021-2026

March 25, 2021
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GLOBAL AUTOMOTIVE SEATS MARKET

KEY FINDINGS

  1. The seat dollar content per car continues on an increasing trend as more buyers opt for higher trims of pickups in US and SUVs in China. Europe continues to grow at a moderate level 
  2. Power adjust seats including lumbar support have highest penetration in US, followed by EU and now China is catching up quickly. Continued growth in compact and Mid-size SUVs is the biggest growth driver
  3. In terms of Driver’s seat degrees of movement US was the only region with higher penetration of 8-way and 10-way adjustments. Japan, India, Indonesia markets were dominated by 6-way adjustable driver seats
  4. Massage seats are still a niche but due to growth in Premium MPV market in US, China, Japan and India, further growth is expected
  5. Leather/Artificial leather trimmed seats are in higher demand in US, but in EU fabric upholstered seat have higher fitment rate
  6. As expected in colder regions such as US, Europe, Japan and even in China the heated seats saw a considerable penetration. However, the ventilated seats were a rather common feature in US alone
  7. The climate-controlled seats, even the ventilated ones remained were pretty niche feature in India, Indonesia and Latin America markets
  8. Rear seat (2nd row) split in most of the countries was60:40 ratio split. In Japan where the MPV dominates the market the 3rd row seat seats in the region was mostly 50:50 split
  9. The global automotive seat market is and will remain consolidated with less than 10 players accounting for more 68% share of global market

 

INTRODUCTION

The primary function of seating system is to accommodate and provide comfort for the passengers. With the increase in demand by customers for more comfort and luxury OEMs and tier 1 manufacturers are striving hard to meet the requirements of the customers. Seating system also plays crucial role in safety of the passengers. Airbags are incorporated within the seats and this demands for smooth seat function.

 

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MARKET SEGMENTATION

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US AUTOMOTIVE SEATS MARKET

The US car market is dominated by pickup trucks and premium car market(2M units per annum) is one of the biggest in the world.

Many top selling US car are have either Powered/climate controlled seats to keep the passengers warm in extreme cold conditions. The rear heated seats come as an option in these cars. As of May 2020, 8 way driver powered seats are a standard fitment on at least 44% of new vehicles sold in the country. US had the highest penetration for 10 & 12 way adjustable driver seats than any other region.

 

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Leather trimmed upholstery is very popular among pickup truck buyers and offered as standard on at-least as an option on 50% of all trims. The installation rate of Heated seats was 53% in 2019 in pickup truck segment and it continues to gain further momentum in Jan-May 2020 as well. Dual tone upholestry is also more common on pickups than SUVs/crossovers in US.

Top seat manufacturers are Lear and Adient Group supplying to major OEMs all over the world. Lear Corporation supplies its seating products to all high volume GM platforms like Chevrolet Tahoe, GMC Yukon, Cadillac Escalade etc. 

The ventilated and heated seats penetration among top sellers was the highest compared to any other market. These features were equipped in most of the variants in SUVs and were less popular in Pick-up trucks. The climate controlled seats for the 2nd row was common in SUVs and was found in few of the variants of pick-up trucks but was not to be seen in top selling sedans.

Additional features such as driver seat memory function penetration was also the highest in US.   

 

EUROPE AUTOMOTIVE SEATS MARKET

Customers’ preference for luxury cars has led to rapid increase in seats market in Europe. Almost all vehicles sold in EU have a standard seat side airbag, which is the reason why the average B-2-B prices per seat are higher.

Three out of top 10 best-selling vehicles in EU like Ford Fiesta, VW Polo and Renault Clio do not get a Power adjust driver seat on any trims.

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Among Premium OEMs, Mercedes has the highest fitment volume of Memory seats worldwide. The lumbar support feature is also more prominent on premium cars and less than 23% fitment in mass segment cars in 2019.

In the presence of budget models among top sellers influenced the upholstery in European cars as most of these models had only fabric covering.

In the climate-controlled seats features although it had very few models with ventilated driver seats, but ~45% of the top sellers were equipped with heated seats.

Although only 6-7 models among top 30 had massage seats option, Europe turned out to have highest percentage of driver massage seats. Almost all of the Peugeot vehicles had this feature at least as an optional feature.

Europe is home for large seat manufacturers and plants all over the Europe. All top selling higher segment cars come with heated front seats and optional heated rear seats.  Faurecia, Recaro and Grammer Group are renowned seat manufacturers in the region.

 

CHINA AUTOMOTIVE SEATS MARKET

China is the single biggest country in seats production for cars. The low tariffs for raw materials have drawn many seat manufacturers to set up a plant in China. This has led to rapid growth in Chinese market.

The increase in sales of premium cars(~2 Million units per annum) has further propelled the seats market in China. Many low cost cars from domestic manufacturers have powered seats on Mid and high variants. Haval H6, the top selling SUV in China comes with front powered seats as standard.

Although most of its top 10 models had manual adjustable seat, the mid range cars especially overseas models in the top sellers was equipped with powered driver seat. As the final penetration of powered seat among top 50 sellers was close to 45%.

In terms of degrees of movement, 4 way and 6-way driver seats were mostly found in the top sellers. SUVs accounted for majority of the 6-way adjustable seats.

The driver seat memory features was mostly found in the Japanese and German make cars and except for Geely it was not found in any of the Chinese cars among top sellers.

China had the highest penetration of leather upholstery compared to any other region.

 

 

INDIA AUTOMOTIVE SEATS MARKET

Bharat seats Ltd (owned by Maruti Suzuki) is a dominant supplier to the market leader of Passenger cars in India- Maruti Suzuki. Almost all seats supplied to Maruti Suzuki have manual adjust feature and no climate control content.

Since Maruti occupied more than 50% of the market volume of the top 30 cars, the seats market was driven by Maruti Suzuki models. The absence of powered, leather and multi way adjustable seats in most of these models meant average dollar content was one of the lowest for any major market.

The average seating content per passenger vehicle in India is less than ~$120-$150, far lesser than European, American or even Chinese average.

Powered seats are still a novelty feature in India, only D segment and above vehicles like Mahindra XUV 500, MG Hector etc get it. Among top sellers Toyota Innova, Kia’s Seltos and Sonet are the only few models with powered seat option.

4-way and 6-way adjustable driver seats occupies almost entire market in top 30 cars segment. In upholstery only 2 of the top 10 models were equipped with leather seat covers as rest of them had mostly fabric and vinyl upholstery.

Features such as driver seat memory function and massage seats were strictly limited to premium segment cars and had no place in the top sellers segment.

 

MARKET SIZE AND FORECAST

Seating system in an automobile constitute to majority of weight. Thus to increase the fuel efficiency steps are taken towards making a lighter seating systems. The production of lighter seating systems is expected to boost the seating market worldwide.

The Ventilated seats are extensively used in Electric cars. In 2020, the volume of plug in electric cars sold worldwide rose by ~35% YOY to 3.2 Million units. Further rise in Electric cars sold will boost the seating production and sales.

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There has been a surge in sales of SUVs and MPVs around the world. Since the numbers of seats in these segments are more, the sales of SUVs are expected to increase the seating market appreciably.

The car sales of luxury car brands such as Mercedes-Benz, BMW and Audi has propelled the seat market. The below table shows the sales of luxury car brands over past 5 years.

The global Automotive seats market size is estimated at $XX Billion in 2020, growing at –% CAGR till 2025.

 

 

 

RECENT PARTNERSHIPS IN AUTOMOTIVE SEATS MARKET

  • Minda Industries has approved the merger of Harita seating systems with itself. Minda holds 51% stake in the merger.
  • Global leader Adient  announced launch of JV with Arvind Group for manufacturing and selling of automotive fabrics in India.
  • Grammer and AllyGrow Technologies from India have announced a JV to develop a world-class technology in automotive and commercial vehicle industry.
  • Adient has invested on opening a largest prototyping and testing facility in Pune, India.
  • Faurecia has partnered with ZF, to develop AVS (Advanced Versatile Structure) for future autonomous vehicles
  • Yanfeng Automotive Interiors has acquired a 30% stake from Adient Plc in the existing joint venture.

 

COMPETITVE LANDSCAPE

Lear, Adient and Toyota Boshoku 3 major players account for approximately 1/3rd of the market. Lear has been the leading supplier for premium car manufacturers.

US seating manufacturers like Lear, Adient, Bridgewater Interiors are the leading manufacturers in US region. Magna International from Canada has been a pioneer in manufacturing seating system completely whether its foam and trim, the structure or the seats.

US based Gentherm is the leading supplier of sub-components of Climate controlled seats, used on a variety of American and Euroepan OEMs.

Adient Yanfeng Joint venture formed in 2013, produces Seating sub-components like recliners, track, height adjusters. Another US based company Leggit & Platt is a leading manufacturer of Seat actuators used on a variety of powered seats.

In Europe, Faurecia, Recaro and Grammer from Germany are the leaders in seat making. Grammer is known for seat manufacturing for commercial vehicles and public transport. They are also manufacturing headrests for the passenger cars. Faurecia, French leading automotive part supplier has been developing seat structures for passenger cars.

There is absolutely no doubt that COVID-19 is going to hurt Revenues of all seating suppliers. There will also be supply chain issues and a hit on Bottom line to all as long as ” Premium Freight” is used to fill gaps created by long term established supply-chain.

Fehrer Group from Germany has been manufacturing the seat pads made of PU (Poly Urethane) foam and are leading suppliers of foam to major OEMs. Brose Fahrzeugteile GmbH has been developing latest seating structures and components of powered seats.

Japanese manufacturers like Toyota Boshoku and TS Tech has been players in this market from Asia region. Toyota Boshoku products are extensively used in Lexus and Toyota cars. TS Tech products range from 2 wheeler vehicles to cars supplying to leading OEMs in Japan.

In India Harita Seating and Bharat Seats are the leading seat makers. Harita seating has been involved in commercial vehicles and public transport seats. 

Just like Toyota Boshoku concentrated on Toyota range of vehicles, South Korean Automobile giant Hyundai’s subsidiary “Hyundai Transys” is aligned with Hyundai, Kia and Genesis brands.

 

M&A IN AUTOMOTIVE SEATING MARKET

Of late, there has been just one transaction in the Auto seating market and that is the sell-off by by US major Adient of its RECARO(Premium Seating) to Raven Acquisitions LLC completed on 1st Jan 2020. It must be noted that Adient has a strong presence in EV market in Europe and is also one of the suppliers to Tesla Model 3 seating, which is world` biggest success story in terms of EV sales.

 

To understand seating trends from a supplier point of view, read our article, Top 7 automotive seating trends 2021

 

COMPANY PROFILE

  1. Toyota Boshoku
  2. TS Tech Co Ltd
  3. Lear
  4. Harita Seating Systems
  5. Grammer AG
  6. Brose
  7. Faurecia
  8. Adient
  9. Magna
  10. Gentherm
  11. Recaro
  12. Leggett & Platt
  13. Bharat Seats
  14. Bridgewater Interiors

 

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Market size and Forecast, ( Volume and value)
  2. Average B-2-B price per region,OEM
  3. Installation rate of powered seats by major OEMs and region
  4. Details on seat actuator, thermal management suppliers
  5. COVID-19 impact on Automotive seats market worldwide
  6. OE-supplier alignment in all major markets and market share of leading vendors
Sl no Topic
1 Market Segmentation
2 Scope of the report
3 Abbreviations
4 Research Methodology
5 Executive Summary
6 Introduction
7 Insights from Industry stakeholders
8 Cost breakdown of Product by sub-components and average profit margin
9 Disruptive innovation in the Industry
10 Technology trends in the Industry
11 Consumer trends in the industry
12 Recent Production Milestones
13 Component Manufacturing in US, EU and China
14 COVID-19 impact on overall market
15 COVID-19 impact on Production of components
16 COVID-19 impact on Point of sale
17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
21 Product installation rate by OEM, 2021
22 Incline/Decline in Average B-2-B selling price in past 5 years
23 Competition from substitute products
24 Gross margin and average profitability of suppliers
25 New product development in past 12 months
26 M&A in past 12 months
27 Growth strategy of leading players
28 Market share of vendors, 2021
29 Company Profiles
30 Unmet needs and opportunity for new suppliers
31 Conclusion
32 Appendix

 

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