Ventilated Seats Market Research Report- Forecast till 2025
Market Highlights
Ventilated seats offer various benefits such as reduced seat temperature of the vehicle while parked in the sun and improved experience for the passengers and drivers, especially during long drives. The growing demand for intelligent air conditioning technology within automobiles further drives the market growth. The ventilated seats are sold through various car dealers, franchise, and private party sales. Furthermore, the stringent vehicular emissions regulations and the growing demand for head-area ventilation, add to the growth of this market. The unorganized aftermarket, high price associated with seat ventilations system, lack of skilled operator, and head dissipation during ventilation operation are hindering the market growth.
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Segmentation:
The Global Ventilated Seats Market is segmented based on vehicle type, propulsion, sales channel, and region. By vehicle type, the market is segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. By propulsion, the market is segmented as internal combustion engine (ICE) and electric vehicle (EV), wherein the electric vehicle segment is further segmented as battery EV, plug-in EV, and hybrid EV. By sales channel, the market has been segmented into OEM and aftermarket.
Regional Analysis
In terms of region, the global market for the ventilated seats is segmented as Europe, Asia-Pacific, North America, and the rest of the world. Asia-Pacific is expected to dominate the market during the forecast period owing to the growing automobile production and sales from China, Indonesia, Thailand, and Japan. Moreover, the growing population and rising disposable income are expected to boost the demand for ventilated seats in this region. Furthermore, the focus to reduce vehicle emissions, accelerates the growth of this market. In the Asia-Pacific market, China holds the largest share and is projected to grow rapidly owing to the developing economies, growing production and sales of e-buses, presence of major automotive OEMs, and growing industrialization.
North America is poised to grow at a high rate in global ventilated seats market during forecast period owing to the various key players such as Adient plc, Autotrader, and Lear Corporation in the US, which lead to the growth of this market. In North America, the US is expected to hold a larger share than Canada and is projected to grow with a higher CAGR during the forecast period due to the increased demand for mid-sized engine capacity vehicle, growing spending power, the availability of suitable credit payment options, and stable economy. Such factors also lead to the growth of the market in North America.
The market in Europe is growing due to stringent vehicle emission norms and presence of major automotive OEMs such as BMW, Audi, Volkswagen, and Mercedes. Whereas, Germany, France, UK, and Spain are the major contributor for the growth of this market in Europe. However, Germany is projected to grow at a substantial rate over the forecast period due to presence of ventilated seat manufacturers like Brose Fahrzeugteile GmbH & Co., and Ebm Papst Group, are contributing a major share in the Germany market.
The rest of the world is further segmented as the Middle East & Africa and South America. The market in the rest of the world is growing at a phenomenal rate during the forecast period due to growing demand for premium and luxury cars along with in-vehcile comfort facilities from the UAE, Saudi Arabia, Brazil, and South Africa. Furthoremore, the developing economies of Brazil, Argentia, Mexico, Iran, and Iraq are aslo contributing to the market growth.
Key Players
Some of the dominant players ruling the worldwide white box server market include Wistron Corporation (Taiwan), Quanta Computer Inc. (Taiwan), Hon Hai Precision Industry Company Ltd. (Taiwan), Inventec Corporation (Taiwan), Compal Electronics (Taiwan), Celestica Inc. (Canada), MiTAC Holdings Corp. (Taiwan), Penguin Computing (U.S.), Hyve Solutions (U.S.), Stack Velocity Group (U.S.), Servers Direct (U.S.), Silicon Mechanics (U.S.), ZT Systems (U.S.), and Super Micro Computer Inc. (U.S.), among others.
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Global Ventilated Seats Market Research Report: Information by Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), Propulsion (ICE and Electric Vehicle), Sales Channel (OEM and Aftermarket) and Region (North America, Asia-Pacific, Europe and Rest of the World) – Forecast till 2025
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