✷ Report Code: A03803 | Pages: 220 | Feb 2022 | 14563 Views | ||
Author(s) : Dhvanil D , Sonia M | Tables: 141 | Charts: 63 |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Seat Climate Systems Market
Request Now !The global automotive seat climate systems market was valued at $12.34 billion in 2020, and is projected to reach $20.12 billion by 2030, registering a CAGR of 5.2% from 2021 to 2030.
[COVIDIMPACTSTATEMENT]
Automotive seat climate systems refers to climate controlled seats that can be warmed up or cooled down as per the user requirement. The temperature in these type of seats are controlled by adjusting the flow of warm or cold air through the seat. The seat climate system includes climate controlled seat control unit and thermal electric devices for driver and front passenger under seat & backseat. The initiative was taken in early 1900s to improve the driving experience and comfort zone. Gradual evolution of seat climate system and automobile industry has allowed the market to experience a steady growth rate of 5.2% CAGR within the forecast timeframe.
The growth of global automotive seat climate system market is driven by factors such as improved economy and riding comfort of passenger. Controlling temperature of a complete vehicle that operates on gasoline has a notable impact on fuel economy of a vehicle. The fuel efficiency of a car gets decreased by 21% to 24% while using air condition and the carbon emission gets increased on parallel factor. By using temperature controlled seats, manufacturers can spot places directly where it is needed, optimizing energy usage of a vehicle, resulting in improved fuel efficiency.
An average of $1.3 billion worth gallons are saved in U.S. every year in light-duty vehicle segment through adoption of climate controlled seats. Addition of other features such as remote activation/deactivation of seat climate system, automatic temperature detection, and other custom setting are expected to provide new business revenue streams over coming years. Companies have adopted product development, collaboration, and long-term agreements as their key development strategies. The key players operating in this market are Lear Corporation, Gentherm, Konsberg Automotive, Adientplc, Continental AG, Magna International Inc., II-VI, Inc., Toyota Motor Corporation, Recticel, and Faurecia.
The COVID-19 outbreak severely impacted the automotive sector on a global level, which, in turn, led to a considerable drop in global sales of new vehicles, negatively impacting the automotive seat climate system market. A total of 16% drop in production of new vehicles was experienced by the industry at global level as compared to previous year 2019. The companies operating within the vertical went through strategic restructuring to cope with the existing crisis.
Primary initiatives practiced by these companies under strategic restructuring were integration and centralization of workforce to reduce operational cost, co-operation, and alliances followed by merger & acquisition and outsourcing peripheral operations. With gradual decrease in impact of COVID-19 and rise in disposal income of individuals across the globe is anticipated to support the revival of market over coming years.
The increase in disposable income across the globe backed up by the rise in global GDP has supported the surge in acquisition of luxury cars. The growth in global GDP in 2019 as compared to 2018 was 2.84%. However, the GDP in 2020 declined by an average of -4.9% due to COVID-19. The rise in awareness about carbon footprint and demand to have increased comfort level during driving has supported the acceptance of automotive seat climate system.
Comfort of the driver in the automobile is a major concern for the automobile manufacturers. Automotive climate seats offer enhanced comfort to the driver during a long journey. Similarly, the demand for heated & ventilated seats has increased to a significant extent to offer optimum comfort to the co-driver too.
Maintenance and installation cost of climate seats is high as such seats are available in luxury vehicles only, leading to one of the major restraining factor for market growth. In addition, after market service cost is also high. Automobile manufacturers install the climate-controlled seats to the driver’s seat only, and the passenger needs to pay the extra cost to get it installed on all seats.
Automotive Seat Climate Systems Market Report Highlights
Aspects | Details |
---|---|
BY COMPONENT |
|
BY SURFACE MATERIAL |
|
BY APPLICATION |
|
BY VEHICLE TYPE |
|
By Region |
|
By KEY PLAYERS |
|
Loading Table Of Content...
Automotive climate seating system is an advanced seating system that provides comfort and geometric flexibility to the driver and co-passengers during long journeys. These seating systems are incorporated with either heated, heated & ventilated, or heated & cooled seats for vehicles. Such technology helps to heat the seats in cold temperature and cool down the seats in tropical and hot environments. Gentherm, one of the leading companies, offers a wide range of thermal systems and technologies in automotive seat climate systems market such as heated & cooled seats, heated & ventilated seats, heated seats, and neck warmers.
The global automotive seat climate systems market is expected to witness high growth rate owing to increased driver comfort during long journeys, rise in penetration of semi-luxury & luxury vehicles worldwide, growth in disposable income of the population, high fuel efficiency, and lower electric power consumption. However, high installation cost of automotive climate seats impedes the market growth.
The heated & ventilated seats and heated & cooled seats segments of the automotive seat climate systems market have higher potential for growth in the global market. The market is consolidated by the presence of major seat manufacturers who account for a significant share of the market. Being a high capital-intensive market, the threat from new entrants is minimum. Surge in adoption of comfort combined with safety in vehicles and government rules & regulations for fuel efficiency augment the market growth in North America, Europe, and Asia-Pacific. In addition, reduction in the cost of manufacturing technical products and rapid technological modernization are projected to boost the market growth in near future.
Lear Corporation, Gentherm, Konsberg Automotive, Adientplc, Continental AG, Magna International Inc., II-VI, Inc., Toyota Motor Corporation, Recticel, and Faurecia are key market players that occupy a significant revenue share in the global automotive seat climate systems market.
A. The automotive seat climate system market has witnessed rapid evolution with ongoing developments in the automotive sector. The shift in consumer trends towards driving comfort and the rise in disposable income of individuals will serve as primary factors driving the growth of the market.
A. Based on the application of the automotive seat climate system, in 2020, the neck warmers hold approximately 7% to 10% of the market share for the automotive seat climate system market.
A. The sample for automotive seat climate system system market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
A. The value chain for the automotive seat climate system market includes Original equipment manufacturers (OEMs), Tier 1 manufacturers, Tier 2 manufacturers, and Tier 3 manufacturers. All the producers manufacturing components for the automotive seat climate system, the tier 1 players, and OEM would be the direct customers. Whereas, in the case of independent aftermarket the retailers and distributors would be the direct customers whereas, the consumer would be the secondary customers.
A. "The leading players in the automotive seat climate system market include Continental AG, Lear Corporation, Adient PLC, Toyota Boshoku Corporation. These players adopted different strategies so as to hold a major market share in the automotive seat climate system market."
A. The company profiles of the top market players of automotuve seat climate system industry can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the automotive seat climate system industry as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.
A. Based on the automotive seat climate system market analysis, Asia-Pacific accounts to be highest revenue contributor in 2020 and provides more business opportunities during the forecast period whereas LMEA is expected to see lucrative growth during the forecast period which is also expected to provide more business opportunities for electric vehicle in near future.
A. The service providers in the global automotive seat climate system industry are the different vehicle manufacturers who are developing better and more advanced seat climate control systems that are equipped with better and more luxurious climate control systems thus propelling the growth of the global market.
A. The new competitive developments in the automotive seat climate system market include numerous developments carried out by global seat climate system manufacturers such as Continental AG, Lear Corporation, Adient PLC, Toyota Boshoku Corporation, and others.
Start reading instantly.
This Report and over 19,950+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers