Research firm Lucintel believes 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 market is expected to reach an estimated $9.4 billion by 2024 with a CAGR of 2.3% from 2019 to 2024. Growth drivers are increasing vehicle production and the rising demand for comfort and luxury features.
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. 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.
Emerging trends include introduction of TDI low-VOC foam in vehicle seats and development of lightweight seats. Major players in this market include Adient plc, Lear Corporation, Toyota Boshoku Corporation, Faurecia SA, TS TECH CO., Ltd, Brose Fahrzeugteile GmbH &Co., NHK Spring CO. Ltd, Tachi-S CO., LTD and Grammer AG.
If you need more specs and stats for this market, hold onto your non-ventilated seat and browse Lucintel’s “Global Automotive Ventilated Seat Market” report and/or download a free PDF brochure. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at [email protected].