Automotive Seat Climate Systems Market to Reach $6,859.2 Million, Globally, by 2032 at 5.3% CAGR: Allied Market Research
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Prime determinants of growth
Market expansion is being propelled by various factors, such as increase in investment in luxury cars, increase in comfort level for the drivers, and technological advancement in the automotive industry coupled with the development of autonomous vehicles. However, system complexity and cost-related issues have hampered the growth of the market. Furthermore, a rise in investments in the growth of smart cities coupled with R&D activities are expected to propel the market growth during the forecast period.
Report Coverage and Details:
The heavy commercial vehicle segment to maintain its leadership status throughout the forecast period
Based on vehicle type, the heavy commercial vehicle segment held the highest market share in 2022, accounting for two-thirds of the global automotive seat climate systems market revenue and is estimated to maintain its leadership status throughout the forecast period. This segment is projected to manifest the highest CAGR of 7.3% from 2022 to 2032, owing to the demand.
The cloth segment to maintain its leadership status throughout the forecast period
Based on surface material, the cloth segment held the highest market share in 2022, accounting for more than half of the global automotive seat climate systems market, Fabric seats are cost-effective to produce, exhibit notable durability, and are inherently practical. Their versatility makes fabric or cloth-type seats a straightforward and sensible choice, which is prominently featured in most cars. The climate-controlled seat operates by circulating warm or cool air from beneath the seat's surface and the fabric seat helps in passing the air. This system comprises the climate-controlled seat control unit, as well as the thermoelectric components located within the driver and front passenger seatbacks and beneath the seats themselves. A climate control blower, situated at the base of the seats, directs heated or cooled airflow to regulate the seat temperature. The seats made from fabric help to regulate the whole process.
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The hardware segment to maintain its lead position during the forecast period
Based on application, the neck warmers segment accounted for the largest share in 2022, contributing to nearly one-third of the global automotive seat climate systems market revenue, Luxury vehicles are equipped with heated seats. They operate like water heaters, air dryers, and other devices designed to generate warmth. However, they differ from ventilated and cooled seats in that they utilize an elongated material strip that serves as a resistor. When an electric current passes through this strip, it transforms the energy into heat, which then radiates to warm the seat and the occupant. The market's growth is driven by the growth in sales of passenger cars, rise in per capita income, and urbanization. This is expected to boost the demand for automotive heated seats. Additionally, recent advancements and the proactive involvement of major market players in introducing new products and innovative solutions are expected to contribute to this trend. For instance, in August 2021, Ford secured a patent for moisture-sensing seat technology that identifies moisture within the seat through liquid-permeable seat covers and adjusts climate control accordingly.
North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for two-fifths of the global automotive seat climate systems market revenue. In North America, the market is driven by factors such as advanced technology, heightened comfort standards, increase in investments in R&D initiatives, and the expanding presence of electric and autonomous vehicles. To deliver increasingly opulent experiences to consumers, prominent luxury automotive manufacturers are making substantial investments in R&D and engaging in joint ventures such as BMW, Audi and others.
Key Highlights of the Report:
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Leading Market Players: -
The report provides a detailed analysis of these key players in the global automotive seat climate systems market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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