The Europe Passenger Car Seat Market would witness market growth of 1.4% CAGR during the forecast period (2023-2030).
Numerous technological advances in the automotive industry are propelling market expansion. Throughout the forecast period, the rise of advanced technologies like active health monitoring systems and seat heating systems is anticipated to increase the demand for modular vehicle seats and fuel the revenue growth rate of the market. In addition, the increasing use of modular seating to reduce vehicle interior weight and the growing consumer preference for smart and advanced features will contribute to market growth.
Modular automotive seats provide a Smart seating system for the driver and passengers. In addition to safety and comfort, modular seats provide climate-controlled, heated, and memory seating. These seats include systems like active health monitoring and pneumatic chairs. The automotive industry is producing more vehicles with modular seats as consumer demand for increased safety and advanced features increases. These are the main factors that will likely fuel the growth of this market.
Automobile manufacturers are conducting more research to enhance their products. The manufacturers concentrate primarily on manufacturing clever modular seats for smart vehicles, increasing the seats' convenience. The market is growing at a faster rate as a result of technological advancements in seat manufacturing.
The automotive industry is the backbone of the economy in Germany. Additionally, Germany is one of the world's leading producers of high-tech automotive products, such as autonomous driving technology. At the onset of the Covid-19 crisis, the French government provided 295 million euros to the automotive sector. In June 2022, there will be 30,704 charging stations in Italy, up from 23,275 in June 2021. This will contribute to the marketing of electric vehicles in Italy. The expanding sales of automobiles and the government's favorable stance towards the industry are anticipated to contribute to the expansion of the market.
The Germany market dominated the Europe Passenger Car Seat Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.0 billion by 2030. The UK market is estimated to witness a CAGR of 0.5% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 2.1% during (2023 - 2030).
Based on Seat Type, the market is segmented into Bucket, and Split/Bench. Based on Technology, the market is segmented into Powered Seats, Standard Seats, Heated Seats, Powered, Heated & Memory seats, Powered, Heated & ventilated seats, Powered, Heated, & Memory Seats, and Powered, Heated, Ventilated, Massage, & Memory Seats. Based on Trim Material, the market is segmented into Synthetic Leather, Genuine Leather, and Fabric & Foam. Based on Component Type, the market is segmented into Seat Belt, Seat Frame & Structure, Armrest, Pneumatic System, Seat Headrest, Side/Curtain Airbag, Seat Headrest, Seat Recliner & Height Adjuster, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Passenger Car Seat Market is Projected to reach USD 47.3 Billion by 2030, at a CAGR of 1.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adient plc, Faurecia (Groupe PSA), Lear Corporation, Aisin Corporation (Toyota Motor Corporation), Magna International, Inc., TS TECH Co., Ltd., Johnson Controls International PLC, NHK Spring Co., Ltd, TACHI-S CO., LTD., Gentherm Incorporated
By Seat Type
By Technology
By Trim Material
By Component Type
By Country
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