DALLAS, Nov. 04, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global automotive ventilated seat market looks promising with opportunities in the large car, SUV and crossover segments. The global automotive ventilated seat market is expected to reach an estimated $1.8 billion by 2023 and it is forecast to grow at a CAGR of 3.7% from 2018 to 2023. The major drivers of growth for this market are increasing vehicle production, and rising demand for comfort and luxury features in vehicle interiors.
Browse 51 market data tables and 82 figures spread through 143 pages and in-depth TOC on “Global Automotive Ventilated Seat Market" at https://www.lucintel.com/ventilated-seat-market-2018-2023.aspx#/
In this market, mid-size cars, large cars, SUVs and crossovers, MPVs, and others are used for automotive ventilated seat manufacturing for vehicle type. On the basis of comprehensive research, Lucintel forecasts that SUVs and crossovers, and large car segments will show above average growth during the forecast period.
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Europe is expected to remain the largest region and register the highest growth rate due to higher domestic demand for luxury vehicles, and increasing penetration rate of automotive ventilated seats as automakers focus on convenience systems for vehicle’ safety and comfort.
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Emerging trends, which have a direct impact on the dynamics of the automotive ventilated seat industry, include development of noise-free ventilated seat fans and Introduction of head area ventilation systems. Adient plc, Lear Corporation, Toyota Boshoku Corporation, Faurecia SA, and Magna International Inc. and others are among the major suppliers of automotive ventilated seat.
By end use, OEM is expected to remain the largest segment due to increasing luxury car sales and growing demand for comfort and luxury among passengers.
Lucintel, a leading global market research firm has analyzed and forecasted growth opportunities for global automotive ventilated seat market by vehicle type, end user, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive Ventilated Seat Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.