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The off-road vehicle seats market size is estimated to grow at a CAGR of 8.07% between 2023 and 2028. The market size is forecast to increase by USD 246.5 million. The growth of the market depends on several factors such as advances in off-road vehicle seat materials, the increasing number of recreational and adventure sports activities, and the application-specific requirements driving aftermarket installations.
This off-road vehicle seats market report extensively covers market segmentation by application (side-by-sides, ATVs, and off-road motorcycles), type (electric seat actuation system (ESAS) and manual seat actuation system (MSAS)), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Application-specific requirements driving aftermarket installations are the key factor driving market growth. Off-road vehicles are favorably used for recreational and adventure sports activities where the design, materials used, and other components have application-specific conditions. Hence, the ergonomic requirement for off-road vehicle seating varies with applications, which is driving the aftermarket installations of the same.
In addition, every off-road vehicle is sold with a seat that suits a broad group of off-road vehicle buyers. Therefore, the high degree of adoption of off-road vehicle aftermarket components, such as seats for adventure tourists and recreational riders, is increasing the sale of off-road vehicle seats in the aftermarket, thereby driving the growth of the market during the forecast period.
The rising number of off-road vehicle seat manufacturers is the primary trend shaping market growth. Off-road vehicles are experiencing increased demand due to the growing recreational and off-road adventure sports activities across the globe. The increased demand is fueling the production of off-road vehicles, which eventually is increasing the demand for off-road vehicle components, including seats.
Moreover, the increasing demand for off-road vehicle components with a requirement for highly differentiated designs is expected to result in a supply-demand imbalance in the market. The off-road vehicle components market witnesses the demand for a lesser supply volume than other automotive components. Such supporting factors are expected to boost the number of off-road vehicle seat manufacturers in the market during the forecast period.
The rise in raw material prices of off-road vehicle seats is a challenge that affects market growth. A standard automotive and motorcycle seat is made either as a single piece or in layers of open-cell polyurethane or closed-cell polyethylene. These polymers are utilized for molding into the shape of the seat pan and are selected based on the density and firmness of these polymers. These polymers are the key raw materials for automotive seats, including off-road vehicle seats, and any change in the price of these polymers has a significant impact on the manufacturing cost of off-road vehicle seats.
Furthermore, the rising vigor of competition in the global off-road vehicle market is making it difficult for off-road vehicle seat manufacturers to push the increased cost to other stakeholders downstream of their value chain. Thus, this rise in raw material prices will impede the growth of the global off-road vehicle seat market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Off-road Vehicle Seats Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The side-by-sides segment is estimated to witness significant growth during the forecast period. Side-by-side vehicles are the commonly adopted off-road vehicles in the market due to their short travel suspension, high-power rated motor, multi-passenger seats, and space for cargo. Their lightweight, high suspension, and short wheelbase enable proper handling and stability in harsh terrain conditions. Applications such as transportation of cargo, agriculture, and ranching, in addition to recreational activities, make side-by-side vehicles popular among personal users.
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The side-by-sides segment was the largest segment and was valued at USD 319.87 million in 2018. Side-by-side vehicles generally use bench-type seats or personal suspension seats. The 4-seater or 6-seater side-by-sides are established with a variety of both types of seats. Moreover, the rising popularity of 6-seater side-by-sides is anticipated to have a positive impact on the segment growth, which, in turn, will drive the growth of the global off-road vehicle seats market during the forecast period.
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North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US and Canada are the main promoters of the off-road vehicles market in North America. Several off-road racing events are conducted in the region. The MotoAmerica off-road racing series and the Grand National Cross Country (GNCC) racing series are some of such events.
Furthermore, the growing number of recreational activities and racing events is increasing the demand for off-road vehicle seats as aftermarket fitments. This region is expected to witness steady growth from both original equipment manufacturers (OEMs) and the aftermarket for off-road vehicle seats, which in turn will drive the growth of the regional off-road vehicle seats market during the forecast period.
In 2020, due to the outbreak of the COVID-19 pandemic, the off-road vehicle seats market in North America was adversely impacted. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. The high demand for off-road vehicles for effective patrolling during combat operations in military operations fueled the demand for off-road vehicle seats in 2023. The regional off-road vehicle seats market is expected to grow significantly due to high sales of off-road motorcycles during the forecast period.
The off-road vehicle seats market report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2018 to 2028.
Off-road Vehicle Seats Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.07% |
Market growth 2024-2028 |
USD 246.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.77 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 45% |
Key countries |
US, Canada, Australia, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acerbis Italia Spa, Autofit Pvt. Ltd., Beard Seats, Bestop Inc., Corbeau USA LLC, Great Day Inc., Holley Inc., Jettrim LLC, MasterCraft Safety, MOMO Srl, NRG Innovations, PRP Seats, Rugged Ridge, Seat Concepts, Sparco USA, Suburban Auto Seat Co. Inc., and Wes Industries Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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