Automotive Ventilated Seats Market -Overview
The incremental demand noted for add-ons in automobiles are estimated to drive the Automotive Ventilated Seats market 2020. The automotive components reports are made by Market Research Future, which includes market possibilities for advancement. A CAGR of 5.3% is estimated to steer the market to USD 11 Billion by 2025.
The rise in electrification of vehicles is estimated to motivate the Automotive Ventilated Seats market share in the coming period. The popularity of electric vehicles is estimated to gain momentum in the coming period, which will positively boost the Automotive Ventilated Seat market in the upcoming forecast period.
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The segmental assessment of the Automotive Ventilated Seats market is conducted based on sales channel, propulsion, vehicle type, and region. Based on the vehicle types, the Automotive Ventilated Seats market is segmented into light commercial vehicle, passenger car, and heavy commercial vehicle. Based on the propulsion, the Automotive Ventilated Seats market is segmented into electric vehicle (EV) and internal combustion engine (ICE). The electric vehicle segment is segmented further into plug-in EV, battery EV, and hybrid EV. Based on the sales channel, the Automotive Ventilated Seats market has been segmented into aftermarket and OEM. Based on the regions, the Automotive Ventilated Seats market is segmented into Europe, Asia Pacific, North America, and the rest of the regions.
Detailed Regional Analysis
The regional investigation into the Automotive Ventilated Seats market includes regions such as Europe, Asia Pacific, North America, and the rest of the regions. The market in the Asia-Pacific is estimated to lead the Automotive Ventilated Seats market throughout the forecast period due to the rising automotive Automotive Ventilated Seat industry in China, Thailand, Indonesia, and Japan. Also, improved manufacturing facilities and deals for luxury cars are projected to improve the demand for Automotive Ventilated Seats in this region.
Also, the growth in per capita disposable income from Australia, China, and India, the emphasis on emission decrease, and the growing population leading to the development is adding to the market progress. The North American region is projected to develop at an extraordinary rate throughout the forecast period owing to the developing demand for independent and semi-autonomous vehicles in the US and Canada.
Besides, the new e-commerce sector and increasing deployment of ventilated front seats in commercial vehicles such as tractors, heavy-duty trucks, and buses from the US and Canada is anticipated to boost the market. The burgeoning demand for comfortable and expensive seating features and aftermarket for cooled seats is encouraging the market growth in the European region.
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The trade blockades are, however, estimated to slow down the momentum that could be attained by the market. The companies in the market are estimated to solely focus on getting their growth paths back on track to maximize the opportunities that may arise. The reinforcement of the distribution channels is estimated to further place the market in the right place for the future. The emphasis on marketing strategies is estimated to decline due to the focus being placed on cost optimization.
The contender’s progress in the market is estimated to be bolstered by the innovations that are being undertaken to enhance the core product offering in the upcoming period. The market is estimated to be energized by the incentives offered by the governments and the initiatives taken to spur the global market.
- Lear Corporation (US)
- Magna International Inc. (Canada)
- Adient plc (US)
- Toyota Boshoku Corporation (Japan)
- Gentherm (US)
- Dura Automotive Systems (US)
- Ebm Papst Group (Germany)
- NHK Spring CO. Ltd (Japan)
- Faurecia SA (France)
- TS Tech Co. Ltd (Japan)
- Brose Fahrzeugteile GmbH &Co. (Germany)
- Continental AG (Germany).