Global Automotive Seat Heater Market Size, Share, And Growth Analysis For 2024-2033
Automotive Seat Heater Global Market Report 2024 – Market Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
LONDON, GREATER LONDON , UNITED KINGDOM, September 4, 2024 /EINPresswire.com/ -- The automotive seat heater market has experienced robust growth in recent years, expanding from $2.76 billion in 2023 to $2.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to expansion of the automotive industry, high adoption of seat heaters in colder regions, rapid urbanization, increase in disposable income, and increasing traffic congestion.
What Is The Estimated Market Size Of The Global Automotive Seat Heater Market And Its Annual Growth Rate?
The automotive seat heater market is projected to continue its strong growth, reaching $3.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for comfortable and efficient light commercial vehicles, increasing sales of electric and hybrid electric vehicles, growing aftermarket sales, Increased consumer awareness and preference for comfort and health benefits, and rise in the patients having the back pain problem.
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Growth Driver Of The Automotive Seat Heater Market3
The rising sales of electric vehicles are expected to propel the growth of the automotive seat heater market going forward. Electric vehicles (EVs) are vehicles that are powered by electric motors, using energy stored in rechargeable batteries. The rising sales of electric vehicles are due to low maintenance costs, zero tailpipe emissions, attractive incentives, and the convenience of home charging. Automotive seat heaters enhance the driving experience by providing greater comfort, supporting energy conservation, and strengthening range and passenger comfort, making them a valuable feature for electric vehicles.
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Which Market Players Are Driving The Automotive Seat Heater Market Growth?
Key players in the automotive seat heater market include Panasonic Corporation, Magna International Inc., Faurecia SE, Lear Corporation, Toyota Boshoku Corporation, Yanfeng Automotive Interiors, Brose Fahrzeugteile SE & Co. KG, Coherent Corporation, TS Tech Co. Ltd., Grammer AG, Tachi-S Co. Ltd., Guangzhou Tachibana Electronic Co. Ltd., GENTHERM Inc., Kongsberg Automotive GmbH, Zhejiang Tiancheng Controls Co. Ltd., Hyundai Transys Inc.
What Are The Emerging Trends Shaping The Automotive Seat Heater Market Size?
Major automotive seat heater market companies are focused on developing innovative products such as heated seat belts to enhance passenger safety and comfort, providing a seamless integration of heating technology across vehicle interiors. The heated seat belt is engineered to deliver consistent warmth close to the body, offering rapid occupant comfort when paired with heated seats.
How Is The Global Automotive Seat Heater Market Segmented?2
1) By Type: Carbon Fiber Meshed Weave, Metal Heating Pads
2) By Heater Type: Composite Fiber Type, Carbon Fiber Type,
3) By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Vehicles
4) By Sales Channel: Aftermarket, Original Equipment Maker (OEM)
Geographical Insights: North America Leading The Automotive Seat Heater Market
North America was the largest region in the automotive seat heater market in 2023. The regions covered in the automotive seat heater market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Automotive Seat Heater Market Definition
An automotive seat heater is a heating system built into a vehicle's seats, designed to provide warmth to the driver and passengers, especially during cold weather. The system typically includes heating elements embedded in the seat cushions and backrests connected to the vehicle's electrical system.
Automotive Seat Heater Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global automotive seat heater market report covering trends, opportunities, strategies, and more
The Automotive Seat Heater Global Market Report 2024 by The Business Research Company1 is the most comprehensive report that provides insights on automotive seat heater market size, automotive seat heater market drivers and trends, automotive seat heater market major players, automotive seat heater competitors' revenues, automotive seat heater market positioning, and automotive seat heater market growth across geographies. The automotive seat heater market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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