The market size of China's car seat industry keeps growing
Car seat is an important part of the car, related to the comfort and safety of the car ride.
Car seats are mainly divided into passenger car seats, construction machinery and commercial vehicle seats.
After more than 30 years of development, China's car seat industry has made remarkable progress in technology, gradually catching up with the international level in key technologies.
The upstream of the automotive seat industry chain involves a large number of components, mainly composed of seat rails, motor, regulator, driver and other core components, while the downstream main body is the automotive oEMS.
Car seats account for about 5% of the total vehicle cost, second only to engine and transmission. It is estimated that the value of car seats per vehicle is about 2000-5000 yuan.
The automobile industry is a basic and comprehensive industry in China. Under the background of the rapid development of the automobile industry, the strength of the automobile seat industry has been significantly enhanced, the product structure tends to be reasonable, the production scale of enterprises has been expanding, and the product quality and development ability have been continuously improved.
Data show that in 2020, China's automobile production and sales volume were 25.225 million and 25.311 million respectively, down 2.0% and 1.9% year-on-year.
The car seat market is large, and its market conditions are highly related to the car market.
According to estimates, in 2020, the domestic car seat market size is about 77.3 billion yuan, the market size is expected to grow to 97.4 billion yuan in 2025, with a compound growth rate of 4.7% in 2021-2025.
Looking ahead, with the popularization of automatic driving and the promotion of energy saving and consumption reduction, intelligent and lightweight car seats will be upgraded to meet the diverse living needs of residents in the autonomous driving environment and the needs of environmental protection and energy saving.
In addition, under the background of automobile safety becoming the core issue of concern to automobile manufacturers and users, the safety of car seats will also be highlighted, and the comfort will gradually improve.