Global Automotive Ventilated Seats Market 2020-2024 | Increasing Demand for Fuel-Efficient Vehicles to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Jan 7, 2020--
The global automotive ventilated seats market is expected to post a CAGR of more than 8% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
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Technavio announced its latest market research report titled global automotive ventilated seats market 2020-2024. (Photo: Business Wire)
Growth in infrastructure, road network, logistics, and construction activities has significantly increased the number of long-haul journeys in the commercial sector. This has increased the need for advanced seating functionalities, such as ventilated seats in commercial vehicles such as heavy-duty trucks and other heavy motor vehicles. Also, consumer preference for long-haul rides is increasing the demand for ventilated seats in the passenger vehicle segment as well. This is prompting automobile manufacturers to introduce ventilated seats in both commercial and passenger vehicle segments, leading to market growth.
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As per Technavio, the increasing demand for fuel-efficient vehicles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2020-2024.
Global Automotive Ventilated Seats Market: Increasing Demand for Fuel-Efficient Vehicles
Ventilated seats reduce the burden on air-conditioning and hence minimizes the use of fuel for air-conditioning, thereby improving the fuel-efficiency of the vehicle. Therefore, the rising demand for fuel-efficient vehicles will boost the ventilated seats market during the forecast period.
“Technological advances in the global automotive ventilated seats market and the consolidation of the automotive industry will further boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Automotive Ventilated Seats Market: Segmentation Analysis
This market report segments the global automotive ventilated seats market by vehicle type (passenger vehicles and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2019, followed by Europe, North America, South America, and MEA, respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the rapid growth of the automobile industry in the region.
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PUB: 01/07/2020 07:00 PM/DISC: 01/07/2020 07:01 PM