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- Automotive
- Ventilated Seats Market
Ventilated Seats Market
Ventilated Seats Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Ventilated Seats Market Forecast and CAGR
According to latest research by Persistence Market Research, Ventilated Seats Market is set to witness sound growth during 2021-2031. The demand is expected to grow between CAGR of 4% to 6% by value during 2021-2031.
The growing requirement for lighter, comfortable and advanced seating systems in the latest technology equipped vehicles by the customer is likely to boost the growth of ventilated seats market.
What is Driving Demand for Ventilated Seats?
Ventilatedseats are one of the advanced seating systems used in luxury and premium vehicles. The growing trend of sales in the passenger cars with superior quality of automotive seats produced by the manufacturers complying with comfort is the main driving factor for the growth of ventilated seats sales.
The rise in the demand for advanced cabin comfort systems have enhanced the demand for ventilated seats. These types of seats provide comfort during hot and humid weather to the occupants, and during winter the seats are heated up to maintain the body temperature. This not only helps the occupants relaxed but also make the ride comfortable.
With rising per capita income, urbanization, technology advancement and growing sales of light weight vehicles, air conditioned seats market is expected to gain high momentum in the coming years.
Passenger Car Segment to Augment the Growth of Ventilated Seats Sales
The passenger car segment holds significant share in the sales of ventilated seats.The increasing sales of luxury and premium vehicles have benefited the ventilated seats demand, as many luxury vehicles are equipped with ventilated seats.
There has been a great change in the customer perception and preferences in terms of convenience and comfort of automobiles across the world. In recent years, there has been significant improvement in the disposable income, purchasing power and awareness among the customers which is increasing the sales of passenger car equipped with advance cabin comfort features.
Thus, Original Equipment Manufacturers are also giving tough competition in offering better quality ventilated seating system in the passenger vehicles. The manufacturers are heavily investing on advance technology by designing the best suited and comfortable seating systems in the vehicles.
South and East Asia Ventilated Seats Sales Outlook
In Asian countries such as China, India, Japan, and ASEAN countries among others have growing demand of premium and luxury vehicles this due to the rise in the per capita income and growing young population which is impacting the growth of passenger cars.
Due to the change in the government regulations related to the taxes and excise duties, there has been a spike in the sales of passenger cars through low production costs.
The trend of change in the economic regulations related to emission control, tax implications and technology upgradation is likely to boost the growthin the region as customers are looking for safety, convenience, quality and comfortness in the seating systems of automobiles.
Who are the Key Manufacturers and Suppliers of Ventilated Seats?
Some of the leading manufacturers are
- Faurecia SA
- TS TECH CO. LTD.
- Magna International Inc.
- Adient PLC
- Gentherm Inc.
- Toyota Boshoku Corporation
- DURA Automotive Systems
- Continental AG
- Mulfingen GmbH & Co. KG
- Kongsberg Automotive ASA
- Lear Corp.
These leading manufacturers and suppliers have made a significant investment in bringing the best quality, comfortness, innovation, R&D and collaborations to expand their market reach and customer acquisitions.
The emerging companies are striving more on improvement in the standard of seating systems and introducing new features in the seating structure of passenger cars.
Companies are relying more on technological innovation and design of those products which suits the customer’s expectation.
Ventilated Seats Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
