The global auto ventilated seats market is segmented by vehicle type into luxury cars, mid-ranged cars and economy cars. Among these segments, luxury cars segment is expected to occupy the lion shares in the market of auto ventilated seats. The rise of the luxury cars segment is backed by rise in sales of luxury cars across the globe due to swelled affordability of consumers and increased spending on vehicle up gradation and services. Further, growing demand for high comfort standards in luxury vehicles is also a major factor that is likely to fuel the growth of market in near future.
Global auto ventilated seats market is expected to register a notable CAGR over the forecast period. Factors such as increasing sale of new vehicles and installation of new techs in vehicles to increase the level of vehicle safety and comfort are expected to foster the growth of global auto ventilated seats market in upcoming years. Increasing wealthy class population across the globe has raised the demand and sale of luxury vehicles. Further, this rising sale of automobiles across the globe is paving the way for the growth of the global auto ventilated seats market across all regions.
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The aftermarket segment by sales channel type is likely to grow at remarkable pace during the forecast period. Growing automotive aftermarket in various countries and swelled spending by consumers to install ventilated seat technology in their existing cars which do not have them is likely to drive the growth of this segment in future. After-sale services such as selling automotive parts and other services are generating huge revenues for the automotive component manufacturing companies. Additionally, manufacturers are continuously focusing on the aftermarket as it account for high margin business profits.
Increasing Sales and Production of New Vehicles
The production and sales of vehicles across the globe is increasing and offering many opportunities for the growth of global auto ventilated seats market across all regions. Moreover, the production of commercial vehicles is increasing globally, for instance, commercial vehicle production in China reached 3,698,050 as compared to 3,423,899 in 2015 (International Organization of Motor Vehicle Manufacturers). This factor is envisioned to propel the growth of auto ventilated seats market in upcoming years.
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Increasing Demand for High Comfort in Vehicles
Changing consumer behavior and increasing demand for better driving experience in vehicles are expected to increase the demand for auto ventilated seats in future. Consumers are installing auto ventilated seats to increase the comfort level of their vehicles.
Although, presence of alternative of ventilated seats and their high cost are key challenge that is likely to restrain the growth of the auto ventilated seats market in near future.
The report titled “Auto Ventilated Seats Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global auto ventilated seats market in terms of market segmentation by vehicle type, by sales channel type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global auto ventilated seats market which includes company profiling of Faurecia, Adient plc, Lear Corporation, TOYOTA BOSHOKU Corporation, TS TECH Co., Ltd., Hyundai DYMOS and other notable players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global auto ventilated seats market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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