According to a new market report published by Lucintel, the future of the global automotive ventilated seat fan market looks promising with opportunities in the mid-size cars, large cars, SUVs & crossovers, and the heavy commercial vehicle market. The global automotive ventilated seat fan market is expected to reach an estimated $1.3 billion by 2023 with a CAGR of 2.0% from 2018 to 2023. The major drivers for this market are growth in the vehicle production and increasing demand for comfort and luxury features in vehicle’s seats.
Browse 78 market data tables and 108 figures spread through 168 pages and in-depth TOC on “Global Automotive Ventilated Seat Fan Market”
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In this market, different types of automotive ventilated seat fan such as axial fans, and radial fans are used as product type. On the basis of its comprehensive research, Lucintel forecasts that the axial fan is expected to remain the largest segment due to the increasing installations of ventilated seats in the luxury cars.
Within the automotive ventilated seat fan market, the large car segment will remain the largest vehicle type due to increase in sales of vehicles, such as BMW3, Audi A4, and Mercedes-Benz. SUVs & crossovers, and large car segments are expected to show above average growth during the forecast period.
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North America will remain the largest region due to the growing demand for premium cars and increasing preference of customers towards vehicle comforts and convenience. Asia Pacific is expected to witness highest growth over the forecast period due to increasing vehicle production and advancements in seat ventilation system.
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Emerging trends, which have a direct impact on the dynamics of the industry, include development of noise free ventilated seat fans and increasing use of fans in seat head rests. Ebm-papst Group, Delta Group, Sunon, NMB Technologies, Nidec Group, Comair Rotron, and Yen Sun Technology and others are among the major automotive ventilated seat fan manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive ventilated seat fan market by vehicle, product type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Ventilated Seat Fan Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive ventilated seat fan market by vehicle, product type, and region as follows:
By Type [Volume (Million Units) and $M shipment analysis for 2012 – 2023]:
- Large Cars
- SUVs and Crossovers
- Mid-Size Cars
- Heavy Commercial Vehicles
- Others
By Product Type ($ Million from 2012 to 2023):
- Axial Fans
- Radial Fans
By Region [Volume (Million Units) and $M shipment analysis for 2012 – 2023]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 168-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-ventilated-seat-fan-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global automotive ventilated seat fan market by vehicle type (mid-size cars, large cars, SUVs and crossovers, MPVs, heavy commercial vehicles, and others), product type (axial fans, and radial fans), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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