Auto Ventilated Seat Fan Market Share 2021: Global Industry Size, Industry Overview, Trends, Outlook and Forecast Research Report 2028
Posted on Aug 3 2021 5:54 AM
"Auto Ventilated Seat Fan Market 2021-2028 Industry Size, Growth, Top 17 Key Manufacturers, Trends, Opportunities, Demand and Forecast Research"
The global auto ventilated seat fan market size is expected to showcase considerable growth during the forecast period. This information is published by Fortune Business Insights in its upcoming report, titled, “Auto Ventilated Seat Fan Market, 2021-2028.” Factors such as the increasing focus on development of electric vehicles and the rising incidence of road accidents are likely to propel the demand for the ventilated seats across the globe.
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List of the Companies Profiled in the Global Market:
- Yen Sun Technology
- Among others
Automotive Sector Negatively Impacted due to COVID-19 on the Back of Disrupted Supply Chain
The automotive industry is reeling under the seismic effect of the novel coronavirus due to massive disruption in the supply chain. Reduced demand for vehicles and limited availability of raw materials are other factors affecting the growth of the industry. Owing to these factors, the market is expected to showcase slower growth and may pick up pace post-pandemic when situation returns to normalcy.
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We have divided the global market for auto ventilated seat fan based on product type, vehicle type, and region.
Based on the product type, the market is segmented into Radial Fans and Axial Fans. Additionally, on the basis of market type, the market is bifurcated into OEM and Aftermarket. Based on vehicle type, the market is categorized into passenger cars and commercial vehicles. Lastly, on the basis of region, the market is divided into Europe, Asia-Pacific, North America, and Rest of the World.
Increasing Demand for Electric Vehicles to Promote Growth
The rising fuel costs and the increasing emission caused due to the vehicles has propelled the demand for electric vehicles. Moreover, the manufacturers are focusing on every possible way to ensure optimum performance of the vehicle, along with reduced harm to the environment. This is driving the demand for ventilated sets that ensure efficient cooling of the automotive without the need for air conditioning.
Additionally, the increasing incidence of road accidents due to fatigue is expected to boost the global auto ventilated seat fan market growth in the forthcoming years. According to a English daily, The HINDU, about 40% of road accidents occur due to fatigued drivers in India.
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Major Companies Focus on Investment in R&D Activities to Strengthen Their Market Positions
The global market for auto ventilated seat fan comprises small, medium, and large companies focusing on gaining a competitive edge over their rivals. The companies are investing in R&D activities to develop advanced automotive ventilation systems. Additionally, other key players are trying to maintain their presence by adopting several growth strategies that include merger and acquisition, collaboration, and facility expansion.
- February 2021 – MG Motor India announced the launch of new 2021 Hector equipped with CVT automatic transmission. The company reports that the new automotive includes several features such as wireless charging, iSMART connected technology, and ventilated seats.
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