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Opportunities For The Global Automotive Ventilated Seat Fan Market To Reach $1.3 Billion By 2023
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.
Axial and radial fans are equipped in the ventilated seat, which helps in drawing air from the cabin and into the seats. 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.
With in 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.
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.
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 are the major automotive ventilated seat fan manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive ventilated seat fan market by vehicle type, product type, and region. Lucintel has compiled 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 catalyst for growth strategy, as it provides 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 Vehicle Type [Volume (Million Units) and $M shipment analysis for 2013 – 2024]:
• Large Cars
• SUVs and Crossovers
• Mid-Size Cars
• Heavy Commercial Vehicles
By Product Type ($ Million from 2012 to 2023):
• Axial Fans
• Radial Fans
By Region [Volume (Million Units) and $M shipment analysis for 2013 – 2024]:
• North America
• Asia Pacific
• The Rest of the World
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 email us at email@example.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
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 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 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 region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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