ID: MRFR/AM/6855-HCR | 100 Pages | Published By Swapnil Palwe on March 2023
Ventilated Seats Market will grow at a high CAGR of 5.3% during 2022 - 2030 and it is expected to reach USD 11 billion by the end of 2025
2022 - 2030
Ventilated seats market is estimated to witness a 5.3% CAGR during the forecast period.
For providing comfort to the driver and passengers for long as well as short journeys, various small fans in the backrest and the seats cushion seatsing functions have been provided by the ventilated seats market. This market uses porous materials and fans of multiple sizes for providing equal air circulation all through the seatsing material used in the ventilated seats market. Also, the advancement in technology leads to increasing demand for electrification in vehicles which further increases the demand for electric vehicles that require ventilated seatsing and hence increases the demand for ventilated seats market in the global market during the forecasted period. It is expected that the ventilated seats in the global market will grow at a high CAGR of 5.3% to account for a market value of approximately USD 11 billion by the end of the forecasted period from 2017 to 2025.
The situation of the global pandemic of COVID 19 has abruptly affected the lives of the people. Now, with the outbreak of COVID 19 one has to deal with the financial crises along with the health issues. This global pandemic problem has pushed the economies into forced recession. During the lockdown situation and post-lockdown period, the manufacturing units and production units along with their distribution channels in the ventilated seats market were shut down all across the globe which resulted in the downfall of revenues and profit margins in the global market.
Government has taken steps to make the ventilated seats market cope up with the losses faced due to the pandemic. It is expected that the market in the global market will recover from this global pandemic loss situation by the end of the second quarter of the coming year during the forecasted period.
The most prominent major key players in the global market are as follows:
These most prominent market players in the market in the global market use various policies and strategies to attract more customers base in the potential market by using collaborations, partnerships, product innovation and advancement, innovation in the production process, mergers and acquisitions, and many other various innovative strategies.
The global ventilated seats market is increasing at an alarming rate owing to the increase in the automotive industry in the global market along with the increasing use of low-VOC TDI in the vehicle seats. Another factor that drives the market in the global market is the increasing demand for seats cares and covers that are ventilated and the growing demand for leasing facilities for cars, increasingly stringent emissions regulations also drive this market.
The increasing use of ventilated seats market in the global market. Owing to increasing advancement in technology in driver assistance also provides growth opportunities for the ventilated seats industry in the global market during the forecasted period. The advancement in market also ensures an automated driving experience and ensures more safety for drivers. Also, the increasing personal disposable income in many emerging countries provides growth opportunities in this market during the forecasted period.
The ventilated seats market in the global market is increasing tremendously during the forecasted period but some factors restrict the growth of market in the global market like an increase in the price of ventilated seats kits, uneven weather conditions in different regions restrict its growth. Another factor that hampers the growth of ventilated seats industry is the increasing depreciation rate on the vehicles owing to obsolescence which hinders its growth in the global market.
Value Chain Analysis
The ventilated seats in the global market is increasing at an alarming rate owing to the increasing advancement in technology and rapid growth in the demand for the automobile industry. It provides various benefits like comfortable seatsing to the customers and passengers during the long term journey and short term journey. Also, the increasing demand for electrification in the automobile sector and electric vehicles increases the value for the ventilated seats in the global market.
The ventilated seats in the global market has been divided based on vehicle type, propulsion, and sales channel.
Based on Vehicle Type
The ventilated seats in the global market has been divided based on vehicle type into light commercial vehicles, heavy commercial vehicles, and passenger cars.
Based on Propulsion
The ventilated seats in the global market has been divided based on the propulsion into internal combustion engine (ICE) propulsion and electric vehicle (EV) propulsion. Electric vehicle propulsion is further sub-divided into different categories namely plug-in electric vehicle, battery electric vehicle, and hybrid electric vehicle.
Based on Sales Channels
The ventilated seats market in the global market has been divided based on the sales channels into OEM sales channels and aftermarket sales channels.
The ventilated seats market in the global market has been divided based on the regions into the Asia-Pacific region, the North America region, the Europe region, and the rest of the world. The largest market share in the ventilated seats market in the global market is held by the Asia-Pacific region owing to increasing demand for an automotive ventilated seats in various emerging countries like Japan, Thailand, India, China, and Indonesia. Moreover, the production and sales of the ventilated seats have been increasing tremendously owing to an increase in per-capita income of India, Australia, and China that boosts the demand for an automotive ventilated seats in the Asia-Pacific region.
The second-largest market share in the market in the global market is held by the North American region owing to a higher growth rate of this region during the forecasted period. Also, the demand for semi-autonomous and autonomous vehicles is far greater in U.S. and Canada as compared to other regions. Moreover, increasing use of e-commerce in the U.S. and Canada along with increasing use of the ventilated seats in various commercial vehicles like tractors, buses, heavy-duty trucks boost the market for the ventilated seats in the global market.
The global market research report consists of the following elements:
This global ventilated seats market research report contains the factors that boost the demand for in the global market along with the factors that hamper the growth of market. Various opportunities in the global market during the forecasted period are also mentioned. The impact of COVID 19 on ventilated seats global market is studies and the future growth rate of this market is estimated and mentioned.
Ventilated seats manufacturers, raw material suppliers, state and national regulatory authorities, government and industry associations from the automotive sector, component manufacturers, and distributors.
|Market Size||2025: USD 11 Billion|
|CAGR||5.3% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Vehicle Type, Propulsion, Sales Channel, Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), and Continental AG (Germany).|
|Key Market Opportunities||
|Key Market Drivers||
The ventilated seats market is poised to mark 5.3% CAGR.
the ventilated seats market size is anticipated to reach USD 11 Bn by 2025.
The ICE segment is projected to hold the pole position.
By vehicle type, the light commercial vehicle segment is expected to dominate the ventilated seats market.
The key contributors to the ventilated seats market are 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), and Continental AG (Germany).
The largest share is held by the Asia-Pacific region in the ventilated seat market in the global market.