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 |
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.
Automotive Ventilated Seats Industry Segmentation
Ventilated seats blow air into the chambers, while cooled seats have the air blow over a cooled surface and then into the seat. Perforations in the seats allow the air to reach the occupant. The automotive ventilated seat market report covers the latest trends and technological developments in the market across the world.
The automotive ventilated seat market is segmented by vehicle type, sales channel, and Geography. By Vehicle type, the market is segmented into Passenger Cars and Commercial Vehicles. By sales channel, the market is segmented into OEMs and aftermarket, and By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World). For each segment, market sizing and forecast have been done on the basis of value (USD billion).
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Automotive Ventilated Seats Market Size Summary
The automotive ventilated seats market is poised for significant growth, driven by the increasing demand for luxurious and comfortable seating in vehicles. This demand is further fueled by rising sales of passenger cars, growing urbanization, and increasing per capita income. The market is witnessing a shift towards the use of lightweight and composite materials, particularly for electric and hybrid vehicles, which is expected to enhance the adoption of advanced seating systems. Despite the challenges posed by high production costs and the impact of the COVID-19 pandemic, which temporarily disrupted market growth, the industry is seeing a resurgence as key players engage in innovative product launches and technological advancements. The market is characterized by a strong presence of major players such as Lear Corporation, Adient PLC, and Faurecia, who are actively collaborating with OEMs to develop and integrate advanced seating technologies.
Regionally, North America remains the largest market for automotive ventilated seats, while the Asia-Pacific region is emerging as the fastest-growing market due to increased car production and a consumer preference for luxury features. The Asia-Pacific market is expected to hold a notable share during the forecast period, driven by rising demand in countries like China, India, and Japan. The trend of incorporating ventilated seats in mid-segment and entry-level vehicles is also contributing to market expansion. As the automotive industry continues to invest in advanced technologies to meet stringent emission and fuel efficiency regulations, the demand for comfortable and lightweight seating systems is anticipated to rise, further propelling market growth.
Automotive Ventilated Seats Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION ( Market Size in Value - USD billion)
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2.1 Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 Sales Channel
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2.2.1 OEM
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2.2.2 Aftermarket
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest Of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest Of World
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2.3.4.1 South America
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2.3.4.2 Middle-East and Africa
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Automotive Ventilated Seats Market Size FAQs
What is the current Automotive Ventilated Seats Market size?
The Automotive Ventilated Seats Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Automotive Ventilated Seats Market?
Faurecia, Adient PLC, Lear Corporation, Toyota Boshoku Corporation and Magna International are the major companies operating in the Automotive Ventilated Seats Market.