Portland, OR, June 14, 2022 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global automotive seat climate systems market generated $12.34 billion in 2020, and is expected to reach $20.12 billion by 2030, witnessing a CAGR of 5.2% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2021–2030 |
| Base Year | 2020 |
| Market Size in 2020 | $12.34 Billion |
| Market Size in 2030 | $20.12 Billion |
| CAGR | 5.2% |
| No. of Pages in Report | 220 |
| Segments covered | Component, Surface Material, Application, Vehicle Type, and Region. |
| Drivers | Improved economy and riding comfort for passengers |
| Surge in disposable income of individuals | |
| High fuel efficiency and lower electric power consumption | |
| Opportunities | Rise in demand for electric & hybrid vehicles |
| High requirement for climate seats in mid-passenger & commercial vehicles | |
| Restrains | High costs associated with installation |
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Covid-19 scenario:
- The Covid-19 pandemic impacted the automotive sector severely during the initial stages of the pandemic, as manufacturing activities were stopped completely or partially. This also impacted the production of automotive seat climate systems negatively.
- Moreover, the demand for these systems reduced considerably due to lowered demand for new vehicles with economic uncertainty and decline in disposable income. However, the demand is expected to recover post-lockdown as manufacturing activities begin with full capacity.
The report offers detailed segmentation of the global automotive seat climate systems market on the basis of component, surface material, application, vehicle type, and region.
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Based on component, the seat heating system segment accounted for the highest share in 2020, contributing to nearly three-fifths of the total share, and is estimated to continue its lead position during the forecast period. However, the seat ventilation system segment is expected to witness the highest CAGR of 6.5% from 2021 to 2030.
Based on application, the heated seats segment held the highest share in 2020, contributing to more than three-fifths of the total share of the global automotive seat climate systems market, and is projected to continue its leadership status during the forecast period. However, the heated and cooled seats segment is projected to manifest the fastest CAGR of 6.7% from 2021 to 2030.
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Based on region, Asia-Pacific contributed to the highest share in 2020, accounting for nearly half of the total market share, and is expected to continue its dominance in terms of revenue by 2030. However, LAMEA is estimated to portray the largest CAGR of 6.1% during the forecast period.
Leading market players:
- Lear Corporation
- Gentherm
- Konsberg Automotive
- Adientplc
- Continental AG
- Magna International Inc.
- II-VI, Inc.
- Toyota Motor Corporation
- Recticel
- Faurecia
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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