Market Size of Asia-Pacific Automotive Seat Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.12 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Automotive Seat Market Analysis
The Asia-Pacific automotive seat market is poised to register a CAGR of over 6.12 % during the forecast period (2020-2025).
- In 2019, the overall vehicle production in Asia-Pacific declined due to the trade war and economic slowdown. Although, Asia-Pacific holds a significant market share in the global automotive seat market.
- An automotive seat is among the important vehicle features for the OEMs as they focus on fuel economy, safety, and overall comfort and elegance.
- The powered seat and ventilated seat segments are expected to record high growth rates, owing to the increasing adoption of such seats in the mid-segment cars. Ventilated seats help in temperature regulation in-turn helps in reducing energy emissions through air conditioners, sunroofs, etc. Increased awareness about the intelligent seating solutions and values offered by the manufacturers have enhanced the perceived quality.
- China is one of the key markets not only in Asia-Pacific but globally. China's automotive industry is developing rapidly, and will also develop firmly in the future, so it will gauge a huge demand for automotive seating.
