Automotive Ventilated Seats Market to Surpass $ 9 Billion by 2024
Growing demand for luxurious and comfortable seating coupled with increasing sale of passenger cars and rising per capita income and growing urbanization to drive automotive ventilated seats market through 2024
According to TechSci Research report, “Global Automotive Ventilated Seats Market, By Vehicle Type, By Sales Channel, By Region, Competition, Forecast & Opportunities, 2024”, the global automotive ventilated seats market is projected to reach $ 9.2 billion by 2024 on account of increasing demand for comfortable and luxurious seating experience in vehicles. Growing need for developing lighter designs at lower cost and seat ventilation that allows the air to circulate around the surface of the seats installed in vehicles and simultaneously dries up the moisture, is anticipated to drive global automotive ventilated seats market through 2024. Moreover, rising production and sales of automobiles globally along with open flow of capital is further expected to positively influence the growth of the global automotive ventilated seats market in the coming years.
Global automotive ventilated seats market can be segmented based on vehicle type and sales channel. Technological innovations in intelligent seating systems is catching up both in the passenger car and commercial vehicle segments. In commercial vehicles, the driver has to sit for long hours under the hot sun which necessitates the use of ventilation systems in seats. Moreover, the concept of ventilated seat systems in countries with a comparatively hotter and humid climate, especially when the vehicle is parked under the sun for long hours is the typical target segment for the automotive ventilated seats. Some countries, especially in Europe are developing ventilated headrests as well. Growing demand for premium segment in passenger vehicles is further expected to positively influence the advanced seating options in the vehicles.
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Lear Corporation, Adient Plc., Faurecia Services Groupe Sasu, Magna International Inc., Toyota Boshoku Corporation, Dura Automotive Systems, Gentherm, Ebm Papst Group, TS Tech Co., Ltd., among others are the leading players operating in the global automotive ventilated seats market. “Asia-Pacific is expected to dominate the global automotive ventilated seats market owing to high production and sales of automobiles in the economies such as China, Japan and India. Hotter climatic conditions in Asia-Pacific makes it the favorable market for ventilated seats. These regions are lucrative markets for investments owing to the favorable factors of production such as cheaper workforce, easily available land, lower electricity tariffs and so on. Moreover, emerging trends in the automotive seating market such as increasing foreign direct investment in advanced and customized seating solutions, development of transport infrastructure, and government policies such as promotion of electric mobility are further anticipated to boost Asia-pacific automotive ventilated seats market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“Global Automotive Ventilated Seats Market By Vehicle Type and By Sales Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global automotive ventilated seats market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global automotive ventilated seats market.
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