Market Size of Automotive Ventilated Seats Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Ventilated Seats Market Analysis
The Automotive Ventilated Seats Market was valued at USD 9.1 billion in 2021 and is expected to reach USD 12.2 billion by 2027, registering a CAGR of above 5% during the forecast period (2022 - 2027).
Recent COVID-19 has disrupted the market growth. With lockdowns and travel restrictions, the demand for vehicles has declined. As a result, the growth of automotive parts in the automotive industry has also declined in the past two years. This trend is seen in all segments related to the automotive industry.
Over the long term, the trend is shifting towards lightweight and composite materials for the production of lighter seats for electric and hybrid vehicles, and raising advanced seating systems for upcoming vehicles is expected to help the market grow. However, with high costs associated with advanced seats, manufacturers are trying to strike a balance between low-cost production and customer perceived values are some concerns in the automotive ventilated seat market.
Growing demand for luxurious and comfortable seating coupled with increasing sales of passenger cars and rising per capita income with growing urbanization is expected to fuel the demand for automotive ventilated seats during the forecasted period. Further latest developments and active engagement of key players in the market by launching new products, offering innovative solutions, etc. For example, in August 2021, Ford issued a patent for moisture-sensing seat technology that detects moisture in the seat using the liquid-permeable seat covers and regulates the climate control accordingly.
North America is the largest Automotive Ventilated Seats Market, Despite the Chinese market experiencing sluggish growth, which is the largest automobile market in the world. On the other hand, Asia-Pacific is the fastest growing market for Ventilated seats market to the increase in car production as well as consumers preferring the most luxurious features in the car.
