Opportunities for the global automotive ventilated seat market to reach $9.4 billion by 2024

According to a new market report published by Lucintel, the future of the global automotive ventilated seat market looks promising with opportunities in the mid-size car, large car, SUVs and crossover segments. The global automotive ventilated seat market is expected to reach an estimated $9.4 billion by 2024 with a CAGR of 2.3% from 2019 to 2024. The major drivers for this market are increasing vehicle production, and rising demand for comfort and luxury features in vehicle interiors.

Mid-size cars, large cars, SUVs and crossovers, HCVs, and MPVs are the major market segments of the automotive ventilated seat market by vehicle type. On the basis of its comprehensive research, Lucintel forecasts that mid-size car and SUVs and crossovers will show above average growth during the forecast period due to increasing installation of ventilated seats in the mid-size and SUV and crossover segment.

OEM and aftermarket are the major end use segments of the global automotive ventilated seat market. OEM is expected to remain the largest segment due to increasing luxury car sales and growing demand for comfort and luxury among passengers.

North America will remain the largest region due to higher domestic demand for luxury vehicles, and increasing penetration rate of automotive ventilated seats as automakers focus on convenience systems for vehicle’ safety and comfort.

Asia Pacific and ROW are expected to witness significant growth rate over the forecast period because of increase in vehicle production and technological advancement in seat ventilation features will foster growth opportunities in this region.

Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of TDI low-VOC foam in vehicle seats and development of lightweight seats. Adient plc, Lear Corporation, Toyota Boshoku Corporation, Faurecia SA, Magna International Inc., TS TECH CO., Ltd, Brose Fahrzeugteile GmbH &Co., NHK Spring CO. Ltd, Tachi-S CO., LTD and Grammer AG are the major suppliers in the global automotive ventilated seat market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive ventilated seat market by vehicle type, end user, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive Ventilated Seat Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive ventilated seat market by vehicle type, end user, and region, as follows:

By Vehicle Type [Volume (Million Units) and $ M Shipment for 2013-2024):

•          Mid-Size Cars
•          Large Cars                           
•          SUVs and Crossovers                                                               
•          MPVs
•          HCVs
•          Others                         

By End User ($ Million from 2013 to 2024):

•          OEM              
•          Aftermarket                                                           

By Region [Volume (Million Units) and $ M Shipment for 2013-2024):

•          North America
•          Europe
•          Asia Pacific
•          The Rest of the World

This 164-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:

Q.1.     What are some of the most promising, high-growth opportunities for the automotive ventilated seat market by vehicle type (mid-size cars, large cars, SUVs and crossovers, MPVs, HCVs, and others), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2.     Which segments will grow at a faster pace and why?

Q.3.     Which region will grow at a faster pace and why?

Q.4.     What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5.     What are the business risks and competitive threats in this market?

Q.6.     What are the emerging trends in this market and the reasons behind them?

Q.7.     What are some of the changing demands of customers in the market?

Q.8.     What are the new developments in the market? Which companies are leading these developments?

Q.9.     Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10.   What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11.   What M&A activity has occurred in the last 5 years and what has its impact been on the industry?